New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-11-18

has been largely exported thereby reducing by thiS
double process, the! bank. resources. "hne' no"-
ever, the street brokers have come out 80
well, the mercantile community have been severely
pnched for accommodations and taxed TO their utmost
The banks heretofore have been crowded with app
cat0nsfo discounts which they have flied as lar as
possible In the outside market the best grades OF paper
move at upward Of per cent month. The gold market
the first fash Of the exciting incidents which nave
made the week famous strong and advanced 10
11 but later the price declined 49, since which time
It has been strong again at lSiall3i the figures at
which the sales OF the may be fairly said to have
been made. The sharpness OF the export inquiry has
done much to keep up the price, though the smoother
working Of London affairs has partially neutralized TINS
effect in the later days. ConsOls and United
States bonds have shown decided Improvement
the week advanced, and the turn IN the ruling OF eT
change at Paris and Frankfort and own heavy ship
mens Of gold coin may be set down the chief reasons
The Bank OF England did not change the discount rate
Thursday though the bullion Of the bank reduced
9136OOO and the minimum figure is still per cent. The
Bank OF France gained million francs during the week.
The Foreign Exchange market has been, the whole,
dull and lower the sixty days sterling declining ma
erally under the slim inquiry Demand aud sight DIS
have been in better inquiry, land held at relatively
higher rates Cable transfers sold Thursday as high
as Ill. Tie Government bond market has
shown no material depression Mt any
time, though there were those who had
expected decline In prices under the faneied necessities
OF insurance companies dispose Of their securities TO
meet their losses by the Boston fire. Instead however
the market has been strong and the various issues
higher The floating stock OF bonds the market Is now
very light neither the large home dealers nor foreign
bankers having any important amount of stocks on hand
a result due the heavy absorption by the Treasury
during the last few years. well TO the very liberal
buyugs Of European capitalists The larger part Of the
securities held in this country are in places where there
is little prospect Of any immediate disturbance Well
informed parties Of the opinion that the amount Of
bonds which will upon the market from sales OF
insurance companies will not exceed 100000 In State
bonds prices have been ndiferenty supported railroad
bonds being barely maintained.
The stock speculation since Monday and Tuesday has
been limited volume and unnteresting in feature
and operators and spectators having got their sea-
legs" after the Boston disaster, disposed TO
view the situation calmly finding anything in the
immediate condition Of the market to warrant any new
undertakings. On Monday after ftful Sunday even
ing at the Fifth Avenue Hotel, the market opened
weak and much excited, the attendance at the
Room being very heavy at the commencement
OF business The various commission houses and broker
firms were heavy receipt OF orders from out-oftown
correspondents TO SELL under the natural fear that as
the Chicago fire productive OF weakness, Ike
condition would be the result Of the Boston calamity.
Under this pressure to sell stocks for about what they
O'Clock Of that forenoon prices we're fully TO about
per cent below the closing figures OF the
previous Saturday These the lowest made during
the week. as shown in our comparative table, IL was
noticeable that during that informing strong buyers were
in the market who purchased very freely in the appar
ent belief that they buying good stocks at cheap
rates This seems have been Dorne out In the suDse
duent market for after upward reaction OF to 81 per
cent the market been well supported in view OF the
high money rates though TO this activity I'm money may
be traced the duness which has characterized
the last half of the week The usually prominent list
has commanded the chief attention OF operators, and
ifs various fluctuations shown in table below will be
found unusually interesting. The express stocks showed
new life and activity and after sharp down, later
rallied and prices shot upward from 81 to per cent
To-day the market has been the quetest OF the week.
and there been absolutely movement warranting
comment The market opened steady and though
irregular, IL has since been in the main firm
with "a rise on some Of the leaders OF the
list Of half TO per cent There has
been nothing in the way OF gossip OF an entertain
ing nature though the general quiet Of the last two or
three days will It is thought be relieved in the earlier
days OF the week. The Directors OF the Michigan
Southern and Lake Shore Railway Company, yesterday
authorized the issue OF 100000 debenture bonds, run
ming years. carrying interest at per cent per annum
The bonds retired at the rate OF 100000 yearly
The investment stocks have pretty neglected
and miscellaneous and coal stocks quiet In expresses
United States active 76i TO ~ Wells Fargo sold al
49, and Adams at 9 The general market closed strong
at the best prices of the day. The opening, highest low
est and closing prices Of active stocks as follows: