New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-04-08
sArrEnAY. Arll Or. ".

| In trade circles the week just drawn To
close has been very satisfactory one, ue advent Of
| pleasant weather and approaching warmihlaVh Decn
hailed by the mercantile classes with oy. in financial
| circles the week has been characterized " extreme
monetary strincency, and although its objective point
was plainly for the purpose of breaking ddn prices OF
stocks vet We can by no means ind0rse tD movement
| as a success. According to the nanral order
| Of events the money market. as Eual about
| tie first OF April, should work with more than
ordinary stIngency and then the values stocks daily
| dealt In at the Stock Exchange have ben enhanced
within the last four weeks fully hundrh millions OF
dollars The extraordinary business in tie entire lit
has of necessity created an unusual dema1 for money.
which must have found vent in harder rate This str-
gency has been grievousy aggravated blythe peculiar
tactics displayed by the proie slonal spectators
and clques A we have befor, minated,
the different pools have availed thcmrlves OF the
late buoyancy OF prices to market ter holdings
very freely so that the present position money and
stocks is relatively the reverse Of mont ago Then
the outside public held the money, while tey now own
the stocks and the cqucs resOluely button up their
breeches pockets and refuse to lend excepat such high
rates as the needs of borrowers necesstat Tile gen
eral rate the stock brokers during the week has been
ZIG to per cent In addition TO the gal currency
| rate, though GIG, /, aud Z bonus hive been by
! no means uncommon. Use has also been
| made OF the Tenth National Bank 10
further the lookup scheme though the ente movement
seems have lacked the essential element OF sue
cess OF course such prolonged siege Ia not been ell
tirey without its effects. and many stocks were forced
down from the commanding position assiuRd last week,
but a glance comparative table VIII how that the
dodgement has not been commensurate With the means
| brought to bear. Whether the Outsiders viii be
| "shaken out" by further persistbcy remains
70 be seem despite the removal of the supports the
! fabric does seriously toppe The Wbash election,
although still distant, attracts thus caryhnusal acn-
ton, two strong parties being already the field, the
Canada Southern and the Lake Shore people, and 1t
would not be astonishing If the OF speculation
ne entire list less governed by this fact.
This road running through the trtic Wbash Valley il
an important feeder of the Lake Shore md ia control
would vastly benefit the resources VI the latter
! roal But the Canada Southern are anxious
for the plum, because hey would thus
secure a through connection from Buffalo 10 st. Louis
From Toledo, OF tho ermini OF the 'oad. the dis
lance is % miles less by the Canada Southern than by
the Lake shore As saving Of time and distance Ia an
important consideration in these day. of rapid railroad
ing it can readily be how wabash ha sprung into
! such conspicuous prominence. IL 's thought
| that lust now the Lake shoreits bld tho adj
! vantage in consequence OF Mr.. prew's late
pecuar move in the Z" short direction. the specna-
live attention has been 50 wrap up stool movements
! that the other markets have beer permitted to 20
{" unhonored and unsung." II not indeed "unwept."
on Thursday, however. gold was temporarily dragged
out of the l0gIaI0 rut, and the prize rose 10 ll0a In
| consequence OF the advance in the rdo Of dis
count by the Bank England 10 - r cent. the design
of the Bank Court being To check thcnoriinac spccua
lion in London The bullion in the iank vaults was de-
creased aii7OO0 The improved gdi premium did not
hold however and later dealings 'ere again 81 10 and
r0. with reaction to-day to llOs Tie Gold Boom pre-
sents n drIl and deserted appearance. and its walls
longer echo 10 the noise and comotion aud animation
that once characterized the dashngold secul,tor the
glory Of its days Is II IL hahever bcen and tho
\ occupation OF the gold broker igonc. Governments
have been inaidcrenly supporle during the week.
| Mr.. Boutwell, has come out WI revised funding
schcme, and proposes. by registing his new bonds
abroad and compelling the NstoDa banks TO exchange