New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-01-19

Currencv continues 10 accumulate in our city
hanks and rates continue to soften both for call
loans and discounts. An active demand has eAISted
through the week for Government bonds. ana the
various issues show an advance OF : to : per cent
since last Saturday The gold market has been
quiet during the week and there has been app"-
rentiy no special effort to affect the premium. Inc
result has been decline OF per cent slhce
last Saturday. We have had an active stock
market. with a good investment demand lor
the better class of dividendpaying stocks
such as New-York Central which closes this alter
noon at 1921. which is only per cent below tne
quotation exactly one year ago, aud Harlem, when
is about per cent higher than 1t sold one year ago.
Int tbe GENERAL list is still considerably below li5t
Jauuary's prices and with the prospects OF con-
tinued easy money many anticipate a turner ad-
vance Never heees many spectators have been
satisfied to sell and realize the handsome pronts al
ready accrued upon their ventures Many
.uch paople have doubtless sold quite largely
during the week, and the result has been 2
general decline in prices, though there nave been
notable exceptions TO this rule The decline has
RANGED from 70 .. per cent, VIZ: Lake Shore ard
Pacific Nail each q. Western Union Telegraph =;
Ohio and Mississippi /, Northwest Preferred, J.;
Northwest Common, Il; Hannibal and II. Joseph
Common and Panama, Toledo and Wabash, II.
Paul Common and Preferred. and Hannibal ana ~
.Jos.ph Preferred each :. and Rock Isisnd, :. Inc
executions were Harlem, which advanced - per
cent: Pittsburgh. 2; New-Yogk Central, l.; Lrle'
"A: New-Jersey Central, !. and Union Pacific :.
TODAY the general stock market opened steady at
a sIirht recovery from the closing figures oil last
night and 40 continued until the Board NJ TINS
time came the announcement that az meeting
Of the directors Of the Lake Shore and Michigan
Southern Railway. at tine Office of Commodore van
derbiit in Fourth-st., this morning, 10 was voted
that it is inexpedicnt to pay IN February SEMI
annual dividend of per cent on the stock III was
tbe eDectaion OF snch an event, perhaps, that as
sisted in breaking down the market yesterday. It's
further effect to-day TO force down the pnce 10
3d. decline which carried down the rest OF the iis
with H. the entire market closing weak. The leading
shares after Lake Shore, were Western Union Tele-
qraph Union Pacific Pacific Mail. Wabash North
Western Ohios and Rock Island, as we have already
said heavy amount OF stocks has been sold OF
late for the purpose OF realizing the handsome profits
and the distribution has been going on for some
time. Az the lower basis il is not Improbable in
view Of the easy outlook for money, that a new de
narture viii be taken by the bulls. The weakness
at he close was in part due to a report that Com
mod1re Vanderbilt had resigned the Presidency OF
the Lake Shore, Mr. Amasa Stone having been ap-
uointed in his place. THIS we believe to be 4 ms
fake; bat understand that Mr.. Stone is to be the
active manager of the road. The opening. highest,
lowest and closing prices Of stocks sold to-day were
as follows: