New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-02-22

the same time for series of years past will show
good reasons for natural coseness of rates though
not sufficient TO justify the ruling quotations.
There seems TO be for anticipating any ac-
ton by Congress on tho resumption question, from
tho evident fact that Congress does not desire to
sumo, and it now looks as though, instead,
the Secretary of the Treasury would be
authorized to issue the full amount of legal
tenders, necessary to bring the total up to
SiOO,OOO,OOO. Indeed, the probability that Judge
Richardson Will occupy the portfolio to be made va
cant by the resignation of Mr. Boutwell,, renders the
issue of the much disputed SH,OOOOOO quite certain
if 1t be, in tho estimation Of Mr.. Richardson, de-
sirable. This would set loose again the wheels of
unhealthy speculation but when the reactiOn comes
what theni The advocacy Of such policy would
be perhaps popular under the present condition of
our monetary system, and the prospective con-
tlnuance of tho ruling stringency well into the
Spring. The business in Government securities dur
ing Monday and Tuesday was pretty active, and the
demand from the foreign bankers quite spirited but
since then the market has subsidized into quiet, and
in tone has followed the later course Of gold In
State bonds fair speculation has to Tennessees
which were first depressed to 7S. and later carried
back to SO3. City Bank shares were in limited offer
ings, while in railroad bonds largo business has
been done in the leading roads at full quotations
The general stock speculation has not been re-
markaby active dnring the week, but in certain di
rectlOns the movement has been lively enough.
Briefly, the early part of the week showed weak
prices, and the latter days a partial recovery, the
course of speculation having ruled irregular. Lake
Shore has sold up TO 97 and varied from that about
2 per cent in a downward direction with indications
that the holders marketing as much as they
could without breaking the market too severely
Western Union Telegraph skyrocketed to 9l9, and
has formed the leading card of the street. the advance
being maintained directly in the face of the right of
the Company 10 sell its stock bought below ID
Pacific Mail went down TO 70l from %, New-IOrk
Central to 1929 land back again above lOi), and
Union Pacific to SO on the Washington reports. So
of tho rest of the stocks the list, which have
moved in an eccentric manner To-day the specula-
ton has been very tame, partly by reason of the
driving storm, and only in one or two shares was
there any interest taken. The forenoon market was
barely steady but the afternoon was lirmer. Uui0D
Pacific was a conspicuous card, aud there was
some talk that the feathers of the
shorts were getting rufled, as the price
steamed up from $50 to $751; Next week this stock IS
likely to be lively Western Union and Pacific Mail
wsre weak aud the first named touched the lowest
Paint this week. New-York Central was st .Eo,,s $40
Erie higher. Lake Shore and 0hios very steady and
Wabash strong and Advancing Rock Island adj
yanced to 1l3g. The other shares were quiet In
yestmont, Coal, and Express stocks were quiet.
Tomorrow, being tho anniversary Of the birthday
of Washington, will be-" butchered to make a legaQ
holiday" The banks. savings banks, and other
financial institutions will be closed as viii also the
United States offices. The opening. highest, lowest
and closing prices Of stocks made to-day were as fol-
lows: