New-York tribune., 1874-11-09

vance of about per cent for the week. Gold has
been quiet and steady with range of l1ot and ITO,
the closing having been 1fOt, exactly that of last
Saturday. Foreign exchange has ruled slightly
firner. The money market continues easy at to
per cent for call loans, though the rate advanced
temporarily to per cent. In the dis
count market good commercial paper
goes at to per cent In the rail-
way and miscellaneous share market there has
been since the election very general advance appa-
rently based upon an adrot manipulation against
large short interest. The first movement carried
the higher priced securities like Rock Island. Lake
Shore, aud Western Union up II to II
per cent, while the later which occurred
to-day took more especial hold of the
tancies like Northwestern, Wabash, Ohios. and
Union Pacific; and one might have been pardOned
for supposng by the demonstrative anxiety evlnced
at one time to purchase these non-dividend paying
Stocks that the vote of last Tuesday meant in
crease extravaganza instead of rigid economy. and
that each of the several companies behind these
fancy stocks was In expectation OF
large gift from the National Treasury. If
our troubles and embarrassments for the
past year have been purely fictitious and imaginary
if there has been no real reduction in the ability Of
our people to spend money; if all we need to re-
place us in the midst of the flush tines of 1872 be
restoration of confidence and not reproduction
of wasted wealth, then may the stock market of to-
day be taken as a sure indication of an immediate
return to the good old times. But if the evils
which have produced business stagnation
or something during the past 12 months. have
been real if it be true that individuals corpora
tions municipalities, States, and the Nation have
been spending money extravagantly and beyond
their legitimate means during the past 10 or IL
years, then the recent speculative advance at
the Stock Exchange may be nothing more
than fly upon the wagon-wheel which
may rest securely upon its perch for time or
may be crushed by the next revolution OF
the wheel But in market so eccentric and so sub
iect to extraneous influences is at the Stock
Exchange, it is hardly safe to predict what will be
its course for single day ahead, so we refrain from
guessing as to Its future course. During the week
closing to-day there has been advance In the gen.
eral list of stocks from to 81 per cent viz Erie, Co.
c. and l. G., and Pacific Mail, each per cent; Rock
Island, ]! Pittsburgh, and Delaware, Lackawanna,
and Western each { Lake Shore and Wabash, each
:. Northwest, Fort Wayne N. j. Central and
Panama each l; st. Paul, common l.; Union Pacific
and Atlantic and Atlantic and Pacific Telegraph
Company, each IL; Hannibal and st. Joseph and
Adams Express, each q Ohio and Mississippi, q;
Hannibal and ST. Joseph, preferred, 81 and st. Paul.
preferred 81. n. Y. Central and Western Union
Telegraph each declined per cent, and
Harlem remains the same on last Satur-
day. The subjoined table shows the extreme
fluctuations in United States bonds, the leading
railway and miscellaneous shares, and gold made
during the past week. az well as the closing quota
tions of each at the dates aforementioned: