New-York tribune., 1874-08-17
CLOSE OF Bust
SAILS FROM . O'CLOCK p. VI. TO
.r,...f AfnTARE ~
SATURDAY, Aug. 15-P. VI.

The general trade of the city, as whole, presents
very little If any improvement over that OF several
weeks or even months past The activity antlcl-
pated. hoped for and i'll some instances where the
wish was father to thought announced for the Fall
trade has not vet been realized. In spite" says
The J0inual of Commerce. of all the cheering
words uttered on every side to keep mp the common
courage, dealers cannot but admit that the Fall
season i not yet rs prosperous as hoped for, and
eager eyes are still turned to the future That
future in which we shall see a healthy. prosperous
business throughout the country, will ultimately
come to MS, and those who would determine the
time and manner of its coming would do well to
carefully study the history and effects upon busl-
ness of the panics of the past Business cannot al
wavs remain stagnant. People must eat and wear
clothes especially III inclement weather; so bread
and provisions must be produced from the earth, and
clothes and other articles necessary for the use of
mankind must be manufactured and paid for. 1t is
reasonably certain now that we are to have good
grain crops and fair cotton crop. These crops
must be gathered and marketed, which Will employ
labor and capital, and necessarily render business
more active during the Autumn. whether more
profitable or not than at present. But
those who expect that one good crop will
pay all our debts and relieve the country
from the financial embarrassments growing
I
aion will doubtless in due time discover that they
are in error In breadstuifs there has been little
more activity in flour for export during tho week,
with slightly improved quotations. In dry goods
the market is reported steady To prices on very
moderate business Some late failures and the fear
that Others may possibly follow, have depressing
effect upon trade and the indlspoSltion OF western
merchants to buy only in drbets to keep up their
assOrmcnts il not reassurng to the jobbers and I'M
porters here. The cotton market shows slight de-
cline in price with fair trade both for export and
consumption. L. :. bonds have been inactive
during the week, but are strongly held, and
have just about maintained the prices
of last week. The gold market has been dull
throughout the week, with range Of 10 and lO9!
the market closing at the latter figure which shows
a decline OF per cent since Saturday last. In State
aud railroad bonds the business has been very lin
tied. and without material change in quotations.
Money continues IN excessive supply at , to per
cent on call, and on time loans with satisfactory
security business has been done at TO per cent
according to time. First-class commercial paper is
III good demand az to per cent, but recent fail
uTcs make purchasers more particular in detcrmn-
ing what is trst-claSs paper. In the railway and
misceaneogs share speculation We have perhaps new
erhad week surprising this one for duness aud lack
of interest This IS owing largely, doubt, to the
absence from the street during the heated term OF
the more prominent operators. though there seems
to be "a decided ndispostIon on the part OF those
who remain in town and lstlessy visit the Stock
Exchange daily during the usual business hours, to
make any considerable ventures either Tor the rise
the decline and in this state of things an offer to
sell 5000 shares OF any particular stock upon the list
Will materially the market, while 10 bid the
market price for m equal number OF shares VIII
stiilen IT, The busineS, Of the week closing to-day
has hardly been equal in the number oi
shares purchased and sold to that OF a single
day during an ordinarily active market,
and the fluctuations have been confined within very
narrow limits. tue most prominent stocks nave
been Ohio and Mississippi, whch was ralded dowA
during tie early part Of the week from %l TO %ls
but which subsequently recovered "A part oi the
decline Union Pacific Pacific Mail, Western Union
Telegraph Lake Shore. the Granger stocks, and
Lately New-York Central Tho large number OF
stocks upon the active list show decline ranging
from ! to - per ccut IA follows: Panama Rail
road 4; Rock Island and 81 Paul. each :. wabash,
Union Pacific, Hannibal aud St. Joseph common, and
Western Union Telegraph. each J; Hannibal ana 81
Joseph preferred, . ; Eric and Lake Shore each =;
and ONO and Mississippi, H. Northwestern pre-
ferrcd, y. j. Central and - aaware, LacEawaia an"
Western remain ~ tuey were last SatntddI' anu
Northwestern common and -. Paul preferred each
advanced ! per cest: Pacific Mail and Harlem
each c., G. and l. c., :, and y. Y. Central per
cent. The suboined table shows the extreme Hue
tuations IN United States bonds, the leading ran
way and miscellaneous shares and gold made dur
ing the pas: week AS wellas the closing quotations