New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-10-08
-ALnsIN., PEICES OF pIIlLADEIIIilA STN-KN
TIE BUSHES, SITUATION


We hovo shown tia, tho amount ot LEGAL
money in general circulation pow j. over Sl"",-
600 600 greater than il w"s ":!" year ago. aii'i
flat the associated banks 81. NrNN"rk CnN h".d
ONLY about Sl3,oou,""" Of THAI extraordinary
vo,r's evanston. We believe ihr about
$4,000. 900 of money who, was locked up >"ln'
five or six weeks az" for speculative purposes i
still locked mp and has NOT yrf been returned I"
the circulation. This gives 10 the country, out
side of The CITY of \ew-l "rk, S'1,OU".""o NOR"
legal mohcy tnan l. held q wear aGo. lim' II hA'
had tie power to .b,""h s'c!I an amount Of
money and keep il III active employment IL in"
lest possible. evidence Of an unprecedented IL"
yelopul"n, of wealth. No one parts witt monrv
for nothing: il requires products of SOM hiud :"
buy money! as II requires money !" hi' l:"!V"'.
The whole country never IN liz h,I,rv va
So LARGE a purchaser Of Eastern and nn,ol'rd
u.ai.utactun.s Is :, recently ht> h"rm AMI - 10"
Tie East has furnished the money ".'h Wnrh
to move III" c!"p> and II j. Tea" -" nn". - III
all preceding years. when that in"'1",. g! a .'"i
part OF Il. less tie profits from H." ''"l'. ".''
return I" max" payment, lot IL" pn'!'. M u
dry-g""I>, sro"rrr-. boots ard an""s.
ct"., etc. .\nd YET t."" AZ" mon.
closely allied wil speculative operations
al the Stock Exchange, who IN tie face Of H."
ENORMOUS cXpaus!on oil the last year AK a'"n'
tight money. They point ~ Yesterdays Wash
lugton report OF receipts from customs Of $685..
j,y is evidence that III" Treasury again /, absorb
Ing money! after Iis recent - ;.rlc Of .,bpui
Sto,0Ou,UUU. II Is crcdItnhr 10 gentlemen "l
this class 10 sapposr that they wrir igi"idni 81
the fact that yesterdays report "oi"i'd -" L.
nipts 81 tWV days. Father than that Ties ""ih
for personal gam make It nIN>lh'"nrn' lHT'i'i'
every one should know WAY the custom I"riptH
az hi, rI,c are particularly IarG" that iihi"f'I
arr, inc after October could not 20 I'M" h"hdrI
lvli WIt lIUIt IsIuL Sui,pGtpi Ia Inc Lew
duIIcs and th% all goods no, rntcni - tir
Custom Iioils1', uI before btOiGr III" euhgr''
~ the nrH diIic,. Tie ncw taIln has hhN'cnc'
the Impnr'a'ions Of goods for TN, "ras"n -h"'
foi H." consumption Of n"At year VIII 'hr re-
port for his week the rc'"'Ide 81 inr2c ihp"i'',
ilr,s Viii CEASE Not with ia" exports OF
lnerciandisc. There are no tarin changes tIh'
either stimulate m'ard that movement, Vet
tine export, from Ncw-ioik IN the last rs" weeks
,is same time Of Is-3. SlI,o-A.4I4 VI 80,
Sl?G17 1913 III 1881, $i2.jiO.i-7 III 1856.
$1,000 $40 in 1855 and 81? ,7c:.iii i'll l--i
week ago wrote that the foreign exchanges
were being bullcd, and that The noIni quota
tons we've higher than conditions warrn'''i.
Now. after every scT'" tor Week La, ..,' T,h
While all tine time the London quotations have
ruled higher than those OF 'h1 home iiari.', VIZ
foreign eXchnnVc market develop" sudden "r"N'
ness much 10 the disgust Of those writers 81 I"s'
Saturday who III their Inlnds T.? eye all
ALMOST Immediate shipment ot pod
WHAT WAS DONE IN STOCKS
OF to.lay's stock market there Is little TO say
beyond what the figures Of onr "GrnrT''l last
tell But II is worthy VI note thai There WAS ~
general hardening OF prices, ana tha' the nsh"l
md day raid on values faxed {" me = the lowest
prices Of Yesterdays midday "durk hour Inc
rcported transactI0nS in the General Hs' were
| g1s22 shares, against yesterdays 81 ',:'o simn''
An oJsnin2 with approaching values was i"ii"wrd
by further improvements, ana th'h hS Il
sharp attack and finally by quiet and steady
improvements, which left the last figures ah"nt
the hest Of the day. and materially higher fh"h
last evening. The short interest probably has
not been reduced at all on III" contrary, II
probably is larger t"-night thnh II ~, last
night rs last night il was much larger than II
was Saturday night The mar kct IS Ii krly e.
without material change fol sefera days.
n little gain and little loss, here and there, rs
nc manipulatOrs may turn the temporary cur
rent But in the end the frozen facts, related az
the beginning Of this article must and will
wn even in a dead speculation. IL is not pos
sible even for malicious railroad managers To-
throw away all thr benefits derived from such a
d" booming" prosperity as the country is now en-
Toying Bnt one word with the real investment
holders OF railroad stOek ks: Don't give yonr proxies
for the next annual election without guaranteed
pledges that your property shall he managed for
Your be<eft, rather than for the speculative
pu rposes of presidents, to whom you arc paving
salaries Of $40 900 or $4,000 per nnnnm.
TIE DAY IN TIE BOND MARKET
The transactions in Government bonds were
covered by small salcs Of coupon H.. rN neat
July coupons, At l19 'j-s. Annc\cd are ~"
closing quotations: