New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-08-11
sALEs PROM q O'CLOCK p. VI. TO CT
- NESS. 8 O'CLOCK T.. NJ.

Il
An unusually duh and undressing week has
been noted at the Stock Exchange, and in financial
circles but little has occurred TO attract attention.
Money has been a drug and constantly seeking en-
plovment: gold has ranged within narrow huctua-
tons. Government bonds were strong, and stocks
on the whole steady on small dealing. The foreign
markets have been in a condition of unbroken gun
etness. and the speculative movement apparently
Tags there also few persons caring TO exert them
selves with the mercury among the nineties. Money
has been available in the open London market as
low a. per cent and even below that rate, which
gave rise 70 expectations in some quarters that the
Rank of England managers would reduce the mimi
mum rate Of discount &c the last court-day. The
Bank made a gain Of ESO7,0O0 in bullion during the
week but the rate Of discount continues at 81 per
cent AZ the close of the week there is rmer tone
70 money. and this outlook doubtless deferred the
managers from making further reduction. There
are many who incline to the belief that about the
lowest point has been reached for money and that
later on In the season the rate viii stien. Here the
supply has exceeded the demand the turn Of the
market favOrng borrowers, who have negotiated all
the accommodation they required at and per cent
The intimatiOns thrown ont by the Department Of
the intention Of the Treasury 10 conduct operations
90 as 10 avoid any financial urros arising from that
quarter have given a more confident tone TO the
Culture OF money and loans on time were Offering at
fair rates II is proper 70 add however that large
operators in stocks taking these loans freely IN
order % be on the safe side IN of emergency.
Holding 10 the theory that any part Of the S4OCOOOO
reserve greenbacs can be issued the Secretary has
impaired an element of strength 70 gold perhaps I'M
expected in the PRONUNCIATION of the dispatch
quoted in Thursdays TRIBUNE. The movement
however during the week has been limited within
the extremes of I5t and 1885, the market being left
60 its own course. With the renewal Of a CONNER
cia demand foreshadowed by the increased impor-
tations az the ports, lvclier market may be rea-
sonaby expected. The demand for Government
bonds has been brisk, resulting In a strong market
and higher prices throughout the list.
The stock market presented few new features Of
interest during the week. there having been marked
decrease IN the volume Of business and few material
fluctuations in the general Inst. The dizziness was
succeeded by slightly lower range Of prices but
toward the close there was a frner feeling and a
partial recovery The special feature of the market
was Pacific Mail, which advanced from S7i to al on
large transactions. To-day, as was 70 be ex-
pected the market was extremely tame
and especially during the afternoon, when the
changes were hardly worthy of mention. Early IN
the dav Pacific Mail was the feature advancing from
a. 10 ar, reacting to 4Ol, and later fluctuating be-
tween AZ and 40l, closing weak The remainder of
the list was strong in tone and advanced to per
cent under some good buying. There was firm
feeling In investment shares and sales of Illinois
Central at 1O6, Delaware, Laekawanna and Western
at IOI NewJersey Central at lO3 and Pittsburgh at
sd. as9l were reported. Miscellaneous shares were
dlll aud express stocks firm on sales of Adams at
9i.aeil and United States at ca. The following
were the opening highest lowest and closing prices
III stocks today: