New-York tribune., 1874-05-18

already too much of that same medicine. lhe nope
full view of the case arises from the TACT th"t the
counsel public opnonl called to deliberate upon IL
are inclined to reject the prescription lhey
recommend healthy exercise IN the open heius
and the workshop in place OF the paper panacea'
People must try to live within their incomes ; IN
deed trv to earn little more than they spend and
to insure financial health to the country 1t must
be real, not fictitious earning. Actual produc-
tions which are the result of labor only count as
wealth in making up the aggregate statement. The
dullest intellect can understand that the
country is no richer because Jay Gould buys
10000 shares of Northwest Common at 40 one day.
and sells il for As the next although the transaction
may improve his individual exchequer to the
amount of $4,000. The country-that is the people
of the country pretty heavily i'll debt Still, 1t
is quite large country, having much productive
land besides much more that can be made product
i've by labor and if they will make up their minds to
earn every year little more than they spend, and
do it, they used to do in the good old days when
our dollars were real dollars, they Will work them
selves ont of debt some time, and we have no doubt
they will be happier if not wiser. thereafter.
Money continues to accumulate here and con-
tinues to use familiar street phrase, to be drug
in the market, seeking as it does, employment on
call from day to day at to per cent while the best
mercantile paper is sought for at to 9 per cent
still we find men who seem to possess ordinary
sense on most subjects who grayely insist that the
present prOstratOn of business is entirely atrbut
able to lack of facilities" or loanable funds with
which to transact business We suspect that the
facilities which most seriously lacking are the
securities that capitalists with noticeable obstnacy
insist upon condition precedent to lending their
money. The passage of the new Currency bill
Il +lo but n
the street and is deemed of little importance as wei
for the reason that it is very generally doubted if it
may possibly become a law, that the country lack
ing confidence in the ability perhaps
both-of Congress TO legslate wisely upon
the currency question, is becoming quite indifferent
as TO what it may do or fail to do upon this subject
l.. S. Bonds have been in fair request, mainly for
home account, and the week closes on quotations.
as will be seen by our weekly comparative table not
materially different from those prevailing at the
close on Saturday last. In Southern State bonds
there has been only limited business,
confined mainly to those Of Tennessee and
Missouri. The trade in railway mortgages
has also been light and confined as rule to the bet
ter class of these securities. The general tendency
of prices has been TO weakness, though the define
has been only fractional The gold market has been
dull with of 1l2s and 11lJ, the closing quota
TO-DAY having DceN llIs, WHICH Is ucCilllc vi
per cent since last Saturday. Foreign exchange has
been quiet on limited business In railway and
miscellaneous shares there has been only a mod
crate business during the week. with iuctua-
tions upward or downward, in response, for
the time beng, to clique manipulations to
buy or sell, the outside world taking apparently
no interest in the gambols or to speak moro accu-
rately gambles of the bulls and bears except as
lookers-on in Vienna. The general tendency OF the
market was to lower prices, and the average decline
of the week on the leading stocks sold at the Board
was Il per cent comparing the closing prices of last
Saturday with those of to-day. The most decided
break was in Canton which went off - per cent the
next IN prominence being Wabash. Union Pa
cifc. and Pacific Mail. The details were
as follows: New-Jersey Central and Western
Union declined each per cent; Rock Island, ;
Erie and Hannibal and st. Joseph Common. each :;
c. c. and l. c., g Central and Hudson, Lake Shore,
Northwest Common, and st. Paul Common each
: Ohio and Mississippi, IS; Northwest Preferred,
Il: St Paul Preferred II; Harlem 2; Panama, q !;
Union Pacific 8; Wabash and Pacific Mail, each %,
and Canton Company, l3 per cent. Delaware,
Lackawanua and Western advanced T. ard Hann-
bal and ST. Joseph Preferred per cent.
The subioined table shows the extreme tluctua-
tions in United States bonds, the leading railway
and miscellaneous shares. and gold made during the
past week. as well as the closing quotations at tue
dates aforementioned: