New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-12-07

Business aud speculation have been unsettled DIR.
ing the week. with considerable tiuctuation in tina
various markets, the variations in prices having
been more noticeable for their frequency than fol
extent of range. There seems to be much specula-
ton az to what the President may recommend IN
his forthcoming message 10 Congress concerning tia
matters Of finance and currency. and as to wha.
Congress may do in the premises According to recent
outgivings from Washington unless the President
should change his alleged views a. suddenly as heidi
last Winter the occasion Of lis veto OF one Of tia
currency initiation bills, he viii recommend return
TO honest currency and specie payments, without
suggesting any specific measures looking TO tha'
end-a recommendation which will practically
amount to nothing beyond nttle cheap buncombe,
which is probably all that is intended. What Con-
ress may do it is not safe 10 guess beyond Y'ntuI'
ing that 1t will not do anything useful IN the way Oh
reforming a bad system Of finance. Perhaps ths
most serious difficulty in the way Of return to Spe
Gle payments is TO be found in the fact hf II be
fact, and we would ike to believe that
it is not. that the people have Lot
vet sufficiently suffered from present vicious
system 90 earnestly desire genuine reform so THAI
| \ majority of our wise lawmakers at Washington
| REPRESENT. or az least have plausible grounds Tor
pretending 10 represent the wishes OF their consuc
uents in their prOcrastnation If not their efforts
further inilatiOn SO We have not much 10 eXpec
from Washington. and the best that We may reason
ably hope is that they may do nothing since We can
rot look for anything good from that source AeE
time we shall probably have, during t4'
next 90 days, stock market Ahe th
of last Winter, in which prices WI
be made to huctuate daily and hourly. according
| the tenor If cuuuingly devised kilograms from Il
! capital as to what Congress AID the President
the ,crctary OF the Treasury VIII do or VIII rcira
from doing when in point vi fact what those poWe
| may do or not do will not materially affect the
| trnsic value of railway shares AT ALL such N"ide
| pending up0n the management and business OI L
| railways in question. The money market las Dee
less easy than during last week, the rates on ca
having been p to 5. per cent, with the a''Ia.
about per cent. The rates for time Io1
| and frst-class mercantile paper have not beeh !
much affected, the interest demanded Tor such io;I
being without material chang. The shipment
currency 10 the interior to All III the business
porl, packing and the moving OF .thc cotton cr
may account for the hardcainsof money. The p'
movement of gold. which exhibited some strength
the earlier part OF the week, has subsidized, a |
| some heavy parties who were believed 20 have Do /
| in the combination are now credited W
| going largely short of gold. The range for {
week has been 1929 ll2t, the closing puI
being HE. decline OF per cent since last >d'u
| day. United States bonds have been III fair dem&
| and show an Improvement averaging abOu: II
| cent over last Saturdays prices. In the railw
! and miscellaneous share market tue week opel
with tendency to higher prices more especially
| some of the Western stocks, which, after making
handsome advance fell back lalorin the woch 50 u
| the real advance on Saturday Is trldlng Some
! the other shares did not fare well, especially
ciic Mail and closed lower than on Saturday Las
The ups and downs OF each prominent stock, rs vi
as the aggregate sales for the week. will be found
the table below, which shows the extreme tuotu
| tons in United States bonds, the leading ruIw1l
and miscellaneous shares, and gold made dung Il
past week, as well the closing quotations "a cal
az the dates aforementioned