New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-16
WALL STREET AND EXCHANGES.

There is no doubt that the anthracite coal rail-
roads have agreed to continue through 1888 the
pooling arrangement which has been In force IN
1897. There has been no change In the percentase
Of tonnage allotted to the different roads Inc
roads are to keep within their allotment each
month The estimates OF production required arc
20 be made at the beginning OF each month"; as
heretofore. Roads which exceed their aAotmehts
correct them within sixty days Ihere Is 10
be a restriction OF production to the actua! con-
sumptive demand. BY restriction It Is calculated
that It will be easy to maintain prices and when
desirable TO increase them II Is said that meet
Ing. at which the programme Tor 1855 Was PRIV
pared, was held in New-York on Tuesday Ihers
was further improvement In the prices OF the coa'
stocks yesterday. Some Of the advances were:
Lackawanna III; Delaware and Hudson ]; Erie
first preferred, *. and Reading second preferred n
The offica. report Of the production OF anthracite
coal for November was 453s 100 tons. as compare
production for the year TO December h mas aS 0
decrease. as compared With 1870 OF S00or tds SisS
October. showed a decrease OF 6S2S 900 tons
Owing chiefly to the large interest payments %
be made January !. there IL a hardening In the
cali money market. and II Is likely that money may
ruM at per cent better for the rest OF the year.
Considerable money Is being sent to the South
through the Sub-Treasury, and there will 60 from
the market to-day a large sum direct to tho SUD
Treasury in the Union Pacific Railway payment
The proportion Of money on call At the present
time Is the largest In the history OF the associated
banks. There are some time loans outstanding. bus
not as many a. usual. and the holdings OF COM
mercial paper by the NewYork banks are relae
lively light. Heretofore at this season the amount
required for remittances to Europe have been very
large. These payments this year will be compara-
lively small. Europe now holds considerably less
OF American securities and, furthermore, merchan.
disc Imports by the United States have not been ~
as consequence
many balances or open accounts 10 settle az the
money market to revert to q condition Of after
the beginning OF the year.
Balances at the Clearing House yesterday az
ceeded 100000. The Fourth National Bank had .
credit balance OF &5Oo.oOo which reflected In part
the deposit by the Union Pacific Railway Reor~
ganization Committee to meet the payment by the
committee to the Government to-day Of $3.50 900 on
account of the debt of the Union Pacific to tho
Clearing House the Peoples Bank paid So cents to
adjust exchanges amounting 10 10000 which was
ing House system.
c. P. Huntington said yesterday that he did not
expect the option to purchase the Newport News
shipbui.ding and Drydock Company. at Newport
News, Va would be exercised by Sir William
Armstrong Of Armstrong. Whitworth Co.. Of
Newcastle-on-Tyne, England. Mr. Huntington
hoped he would not The option, which calls for q
Z the largest re- Of tie kind in this country The
United States battle-ships kearsarge and Kentucky
are being built there.
There a moderate improvement In wheat
| Yesterday On the New-York Produce Exchange
December wheat closed at s7ls cents q gain Of =
cent from Tuesday. May wheat closed at s5i4
cents, gain Of n cent Export sales were four
teen loads.
Jesse c. Joy was yesterday appointed assistant
cashier Of the Hamilton Bank He has been en-
ployed In the bank since Its organization.
Three seats on the New-York Produce Exchange