The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-06
Trade and All Its Ramiications Af-
fected by the Inactivity of
Cur Representatives.
STOCKS TEMPORARILY F1RMER.
Money Abundant-GOld Steady and
Government Securities In
Good Demand.
WALL STREET.
Il j

surrounded with much doubt az to its legality, it
IS but natural that the commerce OF the country
should halt In expectation; that producers should
suspend work, capital be withheld from use,
labor be dem0ralized and all the laws OF trade be
disturbed. This and only this is the reason why
we observe gloom In all OF our markets. Because
MONEY IS FEvERIsH
we see an indispositiOn to engage in new ven-
lures. A man with million OF dollars would be o
FOOL to put it out and trust TO Congress which,
with the stroke Of pen, can write across his in
vested wealth ':More Innation," and so destroy
the basis Of his calculations. Financially the coun-
try Is on edge. We 40 not know which way to
turn. The empires at Washington divided
between sense and policy that they have dragged
the whole industry Of the country to its knees and
practically we are waiting on Congress OF at
1enuated brains, whose only title to respect is
their place, whose intelligence would scarcely
stand measurement with the first class boys in a
public school, and whose honor and honesty are
chiefly to be measured by the depths to which they
have not plunged in either the States or the ma
tional treasures 1t is from this point OF view
khat we regard
THE STOCK AND OTHER MARKETS
Of Wall street to-day, and note an indisposton on
the part Of capitalists to make experiments; to
take even the chances OF days speculation; to
depart from that line of conservatism which cap.
ltal rigidly draws whenever it Is threatened. And
1t ia for this reason that we compelled TO
record only moderate activity; improvements in
one quarter attended by corresponding decline
In another; effort to build up cheap stocks, to
the end that the dearer stocks may find CON-
merce; manipulation, underhanded work and all
the chicanery which o mere Spectator thinks he
may use TO erect his purpose and secure for his
tavorite record on the list of prices.
THE STOCK MARKET
TO-DAY NAV be COMPREHENSIVE described ag
strong The movement was again in favor OF
what are called investment securities. Delaware,
Iackawanna and Western advanced from 1OS to
l09H, closing at 1887; Harlem from 125 to 1875;
Rock Island sold up to 107H and closed at 1914
New Jersey Central reached los. Lake Shore ad-
yanced to s2h, closing at so s21S. western Union
moved from 7eA to TX, thence down to 76,S. I'LL
nois Central reached 106 and closed at 1861 Pitts
burg, 90. Quicksilver common advanced from
s4k to s5h, but subsequently declined
TO "a 34H; the preferred stock
closed at 39h. Atlantic and Pacific Telegraph
was steady at 10 1917 1s1. American District
Telegraph sold at 55 Erie was firm at 49% 49,
Union Pacific advanced from 34X to 351s, but re-
ceded at the close to 34X. c., c. and l. c. retained
its strength, and closed at s1h. Hannibal and St.
Joseph moved up to and closed at 1914 the prefer.
red selling at Az. Northwestern common ranged
from 5sA to 5sX, the close being made at 594. Ohio
u
e41l 34k. st. Paul went to AK and closed ct 471s
MONEY
was easy to-day at per cent on call. Mercan-
tile paper remains unchanged. Foreign exchange
was steady at Asa 4.S4h for prime bankers sixty
days sterling 4.S71a a 4.SS for demand.
GOLD
main tanned it's price to-day at 1111s 1I1sS-cosng
at the latter price. The rates paid Tor carrying to-
day were T. ~, 5, 5, and per cent, and for bor-
rowing nat.
OPERATIONS OF THE GOLD EXCHANGE BANK TO-DAY.
Gold balances. .................. 81, 3O2, 100
Currency balances. Observation-Disclosures. 1454.991
GROSS clearanceS. .................... ZU.9l,OO0
CLEARING HOUSE STATEMENT.
currency excnanges $oo'
currency balances. 2,SS,90I
A3OlO exchanges.
Gold balances OBSERVATION-DISCLOSURES. l,6o3,22S
GOVERNMENT BONDS.
Government bonds closed firm at the following
quotations limited States skies, 1881, registered
HIS q 1854; do do. do. coupon, l1Sa ll9; do
nve-twenties, registered, 1857; do. do, 1852, COIL
pom, 1l5X q 116; do. do, 1854, registered 1l6%;
do do, do, coupon. 1867 1171S; do. do, 1865.
registered, 116a do. do, do, coupon. us 11sh;
do. do, do, new. registered, 1864; do. do do,
coupon new, III 117H; do. do, 1867, registered,
117X; do. do, do, coupon, 11sA 1ls1S; do. do,
1865 coupon, lis do. tenfOrties, registered, 110
110Z; do. do, coupon, 114H; do. fves 1881, cou-
pom, 111X a 112; six per cent bonds Pacific Rail-
goad 1853 1l5Z.
UNITED STATES TREASURY.
The internal revenue receipts to-day were
.$4S1,O00. The customs receipts were $685.. 900 to-
day. anG for the week ending January 81 49, 0OO.
The following Is the official Treasury statement
The Treasury balances at the close Of business to.
day were as follows -Currency, "a, SOC, 900; coin,
1884, 500 0OO certificates s45, 500 900; outstanding
legal tenders to-day, s3s1,4s4,727 DO. yester-
day. $751; 4S3, 62l; increase 81, 106. The Assistant
Treasurer paid out to-day s211, 900 on account OF
Interest and $223O 200 in redemption OF nve-twenty
bonds.
RAILROAD BONDS.
Much OF the idle capital OF the country Is un-
doubtedly finding its way into the old railroad
securities Mere speculation has lost its charms,
and investors are seeking to place their money in
dividend paying bonds. Hence we notice from
day to day growing strength In this department.
The late bids are annexed