New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-12-29
about H. 800 bales. Prices nbout the same o. at
the close of last week. The details Of the weeks
moyementa ara GA fOlOWs:

Government bonds, while varying somewhat with
the changing premium on gold. have been strong,
and close at to tper cent higher than the closing
prices of last Saturday. State bonds have been
ouet, with only q very moderate demand First
class railway mortgages have been in good demand
at improving prices. The public are prepared 10
expect that few of the new bonds OF unfinished
OF lately finished roads will default IN ther
January interest; but the number VIII not
probably be 80 large was anticipated few weeks
ago. The banks continue to strengthen themselves
the Treasury continues to encroach upon It's legal
tender reserve and money grows daily more pienti-
ful and obeap On call the rates have been for the
week Il tn per cent while the banks discount lib
erally TO their mercantile customers and first class
business paper is in active demand at to III per
cent. with exceptional transactions as low as 81.
The share market was dull at dropping prices early In
the week, but improved yesterday and to-day
to such an extent to close at prices pretty gener
ally in advance of those of last Saturday The most
marked improvement was III Panama Railroad,
which jumped from &c to 1906 while N. Y. Central
went up q; st. Paul Preferred and Delaware, Lack
awanna and Western each p. N. j. Central, Il;
North Western Preferred and Rock Island each 1t;
St. Paul Common, !, and Pacific Mall, I. harlem
declined II, and Wabash per cent.
narily expected of Saturday in holiday week, and an
important business was driven in the various mar
kets. The stock movement was most noticeable for
the unusual activity and buying demand for the
dividend paying stocks Panama reaching 10s, rise
of per cent; New-York Central 9s', an advance of
2. per cent; Rock Island passing up to par, clean
Jump of q per cent. Delaware, Lackawanna and
Western and the coal roads were also freely
bought, and this indicates, in the absence
of any new bonds offering the
market the direction of investments, the demand
running to such securities are dealt in at the
Stock Exchange. This does not seem remarkable in
view of the high ruling of rst-class railroad mort
cages and Government securities, and the indls-
position of holders to part with them and solves the
riddle Of the remarkable run up of the last day or
two in the stocks above mentioned The Germania
Bank of this city was admitted to the regular Call
list at the Stock Exchange, the first mortgage bonds
of the Detroit, Canada Southern, and Toledo
Railroad Company, and the Union Mining Com
pany Of Tennessee being also put on the
list. In connection with this subject we may add
that the Governing Committee have authorized
members of the Board who wish to deal in bonds and
securities of companies not eligible for admis-
sion to the regular call to the Government Bond
Hall between the hours of 1 and o'clock for the
purpose Oh SUCH uedhss, supJe0o W tho SoeAoi VI
committee of five appointed for that purpose This
is to conne this class of business to responsible
members of the Stock Exchange 1t will be remem-
bered that we alluded time ago to the agitation
of this matter in the Board. The dealings in the
leading speculative stocks to-day were not uncom-
monty active but prices ruled firm until after the
/ o'clock Board, when the whole market sagged,
closing firm withal at considerably higher prices
than prevailed yesterday. The opening, highest,
lowest, and closing prices of stocks follows: