New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-10-30


money tho taken from the street during the past
week from two three has amounted TO over
million or dollars each day state bonds were higher
Tennessee os sold 7ol New bonds, 7oi; Missouri ca
90; North Carolina 6s. Goa New bonds, 653a6e Paehe
Mail was in demand l2ial25. Miscellaneous shares
and Express stocks inactive. The Railway snare
market recovered from the panic Of last evening
aud rallied to the highest prices made yesterday The
volume Of business light aud the principal business
was turning stocks the market to raise money Brokers
declined tobuy their margin and the stock
sold by weak houses rather BY parties eonyersant
with the value Of properties and having ample means 10
pay for them At the close prices steady and but
little disposition was shown to sell
Railroad shares and Government bonds have been sub
jected TO the seyerest and longest continued strain
known for years. but IL they have sthsood the at
tempts Of panlc-makers to break their prices Fully 90
days ago II was known the street that upon the eve
OF the Presidential election the strongest and best
organized conspiracy would I've developed TO create
stringent money. causing great panic in Governments
railways and merchandise The organization Ia be
for two purposes political and financial 1t thought
that panic from stringent money would work great dam
TO the Republican party, the odum Of the present
to be thrown upon them and the profits to
be made short sales TO repay the various In
struments used IN derangng all commercial business
as wen as values at the stock Exchange. The Op
portunity TO do this was well taken. At this time
the commercial needs OF the community require
large amounts TO tho various crops to
market. The National currency being unelastc is
taxed To Its fun extent 10 do the business and but com
paratyey small Of capital unemployed. and
ten millions OF dollars taken from the banks 10 sufficient
to great and shrinkage of values The sales
OF stocks by operators the conspiracy have been
nous, embracing Government and state bonds as wen
az Railroad shares Ten millions OF dollars at least has
already taken from the street and locked and is
to be continued until the combination accomplish Their
ends broken from outside Influences beyond their
control. Meanwhile brokers are paying heavy shayes
10 carry their stocks. and business outside OF Walst
completely paralyzed In ali departments 1t IL To De
hoped however that this outrage on the business COM
munity will I've broken. The Sub Treasury wli com
mence disburs!ng the November Interest on Monday
amounting 90 teTOooeoo large portion Of this counts
nothing and Will flow into the banks reserve. The
election On Tuesday will dispose OF the political interest
at stake as this is paramount to the street
interest. The Controller OF I'd. Currency 10 expected
here 10 the alleged Irregularities OF some OF
the hanks and II Il hoped some plan n prevent lockups
Of nouey hereafter will be devised Sellers Of railway
shares at prices upon the business OF the roads
10 be consistent should take tho ground that al further
growth Of the country is to be checked and that from
this time general decay Of all commercial and material
wealth commences; upon other theory can any great
decue IN prices be predcAted The exact reverse OF
this IL the truth Last years prices Of breadftnns were
high ard the farmers rushed their crops to market.
expectations Of their sangulue friends THIS year
~ far their resources from this have not been
more than per cent of yet the roads centerng at
Chicago principal granary instead OF showing de
creased earnings are OF last year. with one or
two pOriant EXCEPTIONS These facts show that tho
way-busness Of the roads have increased enormously,
and are beyond the conception Of people UNI
Acquainted with the rapid development Of the
Great Northwest, row the garden OF the
continent The population OF Iowa and the other West
ern states s receiving from all parts OF tho
world. The best part OF our emgrant popnlalon seek
Ties. ATTITUDES aud Immediately become hard working
and thrifty The older States also furnish large
nuaber Of eiugrants that the population there ~
crlses three UT four tunes dues IN the older
staes aud there l. yet for millions more. Before
the At ten years eapse the roads now built Will be In
sufficient 10 do the business Of the county, aud new out
lets win have TO be made the seaboard. The compile
ton of tile Pacific road will also open the rich mining
regions OF the Western Territories aud under the stable
Government Of Grant material interosts will be de-
yoopcd with rapidly never before experienced even
IN hs country. Now that Public Debt has reached
its maximum railway property VIII he the NEXT bsst IN
ycAtmont In tie country aud will pay larger interests
than Governments. which will all be absorbed In the
European markets capitalists there now stand ready
20 take all We have their payment IN gold Is
assured Government bonds close strong aud IN demand
heavy purchases been made during the day for In
voEtment
o. g. issl Reg ia siI UHS2oC Co new ii0i a1loi
= See Rep '.io sios. L 4 $40 Con 'Ss ici diioi
T. 5 80 Soe 'ea Ils ana E 1910 Res.. LOO sioti
Z. 30 Cou rt..lui allit L. s 1910 1854 gl~
4. b. $40 Cou. '66. .lIls dlllil
Freights are duh To London 1909 bbs Flour At D. Cd
OF other business rates generally, both BY
sail and steam. are nrm.
The following are Vim Heath Co.'S last quotations OF