New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-01-06
MONEY AND BUSINESS.

| T1crc is easier money but the large expansion
| Of loans. even in advance Of actual RELIEF IN
supplies, is not exactly promising symptom
| Treasury cash shows a decrease for the week OF
! 50 500. 900, but larger payments will soon APP
| near i'm settlements and are already felt IN the
/ Street The remainder Of interest and dividend
! Disbursements said to amount 10 a hundred
! millions of which so much Is thought, is merely
! n transfer of money from one bank account 10
! another. and the expected return Of cash from
! the interior does not as vet exceed the ou'2o
| The extra meeting and advance IN rates by the
| Bank of England to per cent Implies serious
| on,rcbcrsion on the other side, and therefore
| small chance of any movement of specie this
| way. but New-York can get on very well for the
present if industrial" and other spccuIations IN
! London and Berlin do not meet such setback
| as 10 send large amounts OF American securities
| home. That possibility is rendered less remote
also bv failures in Buonos AyreS and uncertainty
| in Brazil.
At home thc extraordinary demands of the
interior are not commonly appreciated. The cir
! culotion outside the Treasury increased Sl3.ol6-
cot in December and yet money loaned largely
| # d., ncr cent or over Outside the Treasury
| and fine Ncw-Nor, banks. the amount now IN
| uee is Sl3?6.5OO. O00 against Sl26l 10000
| ,uo,s, I an increase Of 500, 600. which Is
| nevertheless relatively smaller than tho increase
| i'm the volume OF business outside Ncw-lork com
| pared with December. 1883. or January, lNN9
| \ material shrinlagc in the volume OF business
| vouh send money hack 10 this centre, but that
| is not desired Mercantile agency reports indl-
| cate that considerable failures are apprchcnded
| on account of unreasonable weather and slow
collcctions AT milwaukee, and Detroit while trades
| that dcpcnd upon a winter demand are subject
| 10 more strain than usual at the East. NotWlln-
standing the general prosperity, these facts sug-
rcst caution. and the unyieidinS lrmncsS OF stocks
! in o. fine Of sfringcncy the average price having
risen cents per share last week, shows that the
nublic has nothing TO do with the market. Men
y,lo are able to hold find good reason in reports
of earnings. which show for three weeks Of
December. and for twelve road, the fourth week,
| , cain of -. o00. O00 or over IL per cent.
| ono difficulty in the market for securities Is
| tho remarkable activity in their manufacture.
| I,., ,c,r the securities listed were S6i".369,'I
| ot which the new issues. not to replace Oh So
| firii,cs. were Seg2,57l.1l7. against S3i',3'!lo"
| I'm 1855. and S32- .060.2l, IN l@7' Bat ihr
miles Of railroad built in l''9 only i"'o' ac-
| ,,run. H. Tho Engineering News. compare
| ,,,r -,>i miles i'm ISIS. and l2.66s i'm l0-'.
| pcclonir- thc new road m 100000 stocks and
! bond, neg mile, tie building accounted Tor So
clr.tirs I,IcI iu 1850. hut for Sl2N ooo'o'" Joss
| than were listed m l~s-, and for - i3.o''"'"
| JOS, than were listed in lo0'. Us the hN''d
F ..c.ritic, do not ln.ludc the trust stocks WHch
..r cuptcd upon the market l's' year 10
| ,,. l,r,. .r,.ii,f. IL may re- realized thar some
| ud. ,c,tioo IS rot surprising.
| The commercial outlook is disturbed only by
| r. absence NJ genuine winter. and accumula-
| 'or, of uu~od stocks of coal. wool and winter
r,oJ. Cotton goods are n such demand that
0tl,.. Of GOOD, and material are well manar'd'
J fH.u.h Tire a,t crop is now estimated by Inc
/ T.nurM Chronicle" NJ 1t'".ooo bales. Inc
wheat export, 300 December were strictly mod
crate. amounting 10 only 4.0o2,ioN bushels,
I flour included bat exports of corn show AN m
,f,l>, of uctrlf 100000 bushels l"r IRON
/ interest +, siren -thcncd hy the decision ~ tire
| Tiom., Company. n>in- so as rs price for
No foundry this year. and furthcr evidence "i
.~rcr.tt appears lu the advance lu wages, -
pcr cent a. thc CARNEGIE Homestead Nils AMI ]"
p,r cent 40 somc other works. Another bust
nr,, which h1s cnIo'cd "a year of exceptional
artI.lts J., the building trade In NcW-i"rN
and nrool,lyn the value of new bnl'd,ngs was
So,.ooo.ooo 100 1~-P, against S'o,'oo'oo' III
l-,- and tine sale, Of real estate were SOL o0o,-
boo against Se5i0oo,0oo in lN'~. In fen years
\r,y.lor., has added buildings costing Si"I,-
500. ooo.o 900 for an mated population OF
| .6oO.ooo.
Tie wheat market advanced a Shade, and corn
dcclncd ~ cent last week, pork products being
weaker. and coffee tin and copper little stronger.
Nu.ar was advanced /, for crude. and IL for
! ermlatcd on was 3-~ STRONGER. and iron war
rants were put mp To 80 cents Hog packing AT
the West goes ON rapidly, the number packed
| since November ! exceeding the previous years
record hv ~ per cent Considering the low
| price Of hogs the farmers profit lrSN than usual.
! n the years hog crop were sold AZ Ncwlork
January prices last years larger crop would
bring $4,000. 900 less money than the smaller
number Of ISSs. Prices OF beef being about
the same, tho large increase OF cattle marketed
# rcckoncd AT Ncw-NorN prices would mean an
increase Of $40. O00. 900. But the larger oat crop
would bring = 900 600 less money, and the larger
corn crop SIO7, oo0.o0o less money while the
larger wheat crop would bring but 100000
more and the increase of $4,000 bales cotton
would bring but Sl30OO.O0O more money. II
rcckoncd M Ncw-Nork prices. the greater Yield
Of all these crops in 1850 would be- worth $4,000
600 less than the smaller yield IN iN-N, com
parison which suggests that the expectation OF
large demands tor merchandise from farming
regions may he in part disappointing.
II is also true that the volume of bank clear
ings correctly estimated last week does not ac-
curatrly indicate the extent of legitimate trade
The Chicago Trbunc's" elaborate review makes
actual business there only l.? per cent more
| i'm 1859 than in 1883, though clcarln9S increased
GS per cent. Ncw.Nork Central tonnage was
I51I2.135 for the last fiscal year against H.
o73 for Is--, and other roads were affected
by the shrinkaac of 2.sj0,0O0 tons in coal move
mcnt But Legitimate business of all kinds was
undoubtedly somewhat larger last year than IN
| 1855.
Mayor Chaplin is said To have prepared the
message which will he presented to the Brooklyn