New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-12-01
s.rr,.pAY. Nov. @-p.n

=
The week ended to-day has been ,'VentIui ~ man
cial and business circles. The war cloud which
lowered darby for time has happily cles,'ed away
The rate of discount ct the Bank Of England had
been reduced to per cent showing that the ists
concerning a possible panic Ira Europe hss
completely subsidized. The banks have gained
heavily in their reserves. and business has hand
somely improved in all directions. Breadstuhs bays
been active at considerable advance owing partly
doubt to the block in canal navigation, and tho
same remark applies to provisions. The trade in
dry goods has not been active but this market has
improved in tone by the. easing up of the money
market, more prompt payments from retailer 10 job
Der, and the general return Of confidence. Cotton
shows a further advance Cor the week Of
about cents per pound, while there has been
a decrease in the receipts and an increase in tho
exports compared with the corresponding week of
1879. The total receipts for the week reached so
bales against 1873 1856 bales last week l24 $50 the pre-
yious week and 1S ia bales three weeks since Tho
total receipts since the lst of September have been
9799S5 bales against 114 1876 bales for the CORE
spending period of 1872, showing decrease this year
of l61 AL bales. The exports for the week weru
g. 74S bales increase of l2490 bales over the
responding week of last year. The stock on hand
amounts to 4045Sl bales, being 1,s79 bales less
than last year. The money market has tended To
greater ease during tho week, not much in call
loans to brokers, who have generally paid to per
cent but in consequence of the greater activity in
stock speculations have had to pay exceptionally
high as gold or 1-32 bonus, as in commercial
paper. which has been in good request at
to IL for the best quality and running up TO 10 for
that which is not strictly frst-class United States
bonds have been in demand, both here and in Lon
don, at better prices. In State bonds there has been
very little movement, the financial management OF
the Southern States, whose bonds are most pressed
for sale, not being of character which warrants
the confidence of investors. Railway mortgages
have been more active at improving prices
for those which are of unquestioned
sounlness. Gold has been Influenced
by the Spanish question and by the operations IF
spectators the range for the week having been 10
and 1885,. The railway share speculation has been
active, and seems likely TO continue The prices
of the leading shares have been advanced during
the week from to 81 per cent, notwithstanding the
disposition which has been manifested by
spectators TO realize profits at every IA
vorable turn in the market and tina
large amount of hypothecated stock that has been
thrown upon the Street. With the growing ease in
the money market, the almost certainty that orr
great finance Minister will empty the Treasury Of
tenders and which Is now some Sl000000D less
than that amount and the fact that soma
Of our banks have already returned TO the
practice of certifying brokers' checks in advance
Of deposits, it will not be surprising IL we see the
share market go gradually higher. In addition Ia
what are known as the Vanderbilt stocks there has
been marked activity in. Northwestern, st. Paul
Wabash and some of the other Western roads Tho
improvement for the week i'm Northwest Common
has been per cent Northwest Preferred. g.; West
em Union So; Wabash. 81; Rock Island, 81; st. Paul
Common A: and Preferred, 81 &c.
After the feverish aud unsettled closing of the
general stock market last night, continuation OF
that condition Of affairs not unnaturally OK
pected at the opening to-day. SO the surprise WA
great when it ranspired that the earliest prices were
far in advance Of those then current. the market
starting off buoyant under full head Of steam Tbs
most active dealing in Central
lake Shore. Wabash NORTHWESTERN. Union
Pacific and Western Union Telegraph. The market
continued strong until about noon, when II began
to feel the force of the large sales to realize Thess
were of fully the magnitude of yesterday and very
large lines were sold out at handsome profits.
Uuder these sales and the late activity of money tina
general market closed at concession from the
hi CHEST prices of the day and shade above ihd
lowest The following are the opening highest.
lowest, and closing prices of active stocks: