New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-03-04
900 P,c Nail S. s.
sAruRDAY. March 2-P. NJ.

The week closing to-day has been devoid of
remarkable business events The general trade of the
city has been fair and the prospects OF the Spring bu
moss are regarded quite fatterng Our merchants are
Withdrawing many goods from warehouse but consider
ably less than for two three weeks past though tho
import entries are larger. There has been grum
bling the dilatCT5ness on the part OF Congress in
coming TO decision the threatened tink
ering OF the Tariff. II they really in
tend TO legislate the revenue question
or in reference to resumption Of specie payments the
business community would be glad to know as soon as
possible what such LEGISLATION IS toaRe that they
may govern themselves accordingly. From present in
dcations however Congress quite likely 10 spend the
remainder Of the in making bnncOmbe speeches
for effect upon the forthcoming Presidential election
and the consolation is that Is by means certain that
such employment the valuable time Of our great states
may prove quite useful 10 the country as any
tariff other laws which they might enact,
even II they TO devote their time to busl-
ness instead OF talk. The foreign outlook Is
apparently the Bank Of England not seeing lit to
advance its rate OF discount beyond per cent from
which infer that the managers of the Bank see no
grave for anticipating any financial upheaval
growing of the Alabama discussion Indeed, despite
the angry tone OF the English Press, which persists in
keeping up" there seems to be general sentiment
that the affair will be- amicaby adjusted, and the i'm
proved aud improving tone Of prices the London
Change point TO that conclusion The outside
market IN LONDON remains easy ana
hence the continuation Of the bank
at per cent. In money market the reverse is
true and an uneasy and unsettled feeling has been ap
parent all the week This has out OF the low state
of bank and the menacng attitude Of certain
class OF SPECTATORS The large amounts OF currency
qured last FAN and Winter at the West and IN the inte
rior have returned very slowly, and in much smaller
quantities than in former spondnR periods Those
who anticipate continued activity with high rates in
money prophesy a considerable drain from this
market for the rebuilding OF Chicago, and in
ss that under the circumstances money at per cent is
by no DEAR though the experience OF last year
taught us 10 regard money market above or per
cent as a stagnant one While there would seem to be
no sufficient for anticipating any long continued
stringency IN money, rates are quite likely TO remain
sharp till after the OF April. During the past
weeks per cent in currency has been the bottom rate
most OF the time Parties having stocks TO carry
have paid that rate in gold TO 32 and lie Of per cent
money to obtain at times that resort has been had
to borrowing bills OF exchange pressing them upon the
market, and using the currency proceeds of the
gold for carrying them the LIST of April 1t is firmly
believed however by those likely to be well informed,
that artificial have been used TO give the money
marke4 q sbaky appearance. Yesterday the Clearing
house commenced the arrangement Of clearing gold
checks as well currency. The operated TO
charm its first trial, aud the exchanges de-
ayed scarcely five minutes The result Of the operation
for two days was follows: