New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-05-25

Saturday Government bonds have been in fair
demand for home account. and show an advance OF
to per cent since last Saturday In State bonds,
the feature of the week has been a considerable adj
vance in New York Bounty Loan, said to have been
based upon the purchase by some Of the State au-
thorites for investment of funds directed to be put
into that particular loan. Among Southern State
bonds those of Tennessee and Missouri continue to
be the most active. Railway mortgages have been
fairly active at declining prices, the decline having
been led by the Central Pacific first mortgage bonds,
which have been freely sold for German account and
dropped off from "a to 3d. other bonds being affected
alphabetically to less extent. The whole mar
ket was better at the close of the week The rail-
way and miscellaneous share speculation has re-
suited in limited transactions and an irregular mar
ket, with depressed prices during the early part
OF the week. But on Friday the market opened with
considerable spirit at slight advance upon the quo
taons of the previous day, when free Offering of
Wabash depressed that stock over / per cent in
which the general list sympathized. This effect was
but temporary. however. for general buying move
ment-the covering of the shorts-strengthened the
market, and prices closed at an advance upon the
opening of the morning. The continuance to-day of
purchases to cover short contracts still further
strengthened the market and it is thought that the
short lines mainly taken in and many are look
ing to further advance or for that Spring rise"
which they have been anxiOusly anticipating for
several weeks past. Whether or not these ex-
pectations are to be realized must be left
10 time. We are inclined to the opinion
that the market still remains in that condition
where energetic buying will advance prices and
persistent selling depress them without much regard
to the intrinsic value of the securities bought and
sold. Among the stocks which have had rather
hard road to travel those of the Granger
roads, especially the ST. Paul and Northwestern,
which have lately encountered unfriendly legisa-
ton in Wisconsin, though under tho circumstances
these stocks have sustained themselves very well
The traffic on the St Paul is reported to have been
very prosperous during the present year, the gross
receipts showing for Al months Jan. to May H. an
increase over the corresponding period of last year
of over 100000, and a net profit over run
ming expenses interest &c. of S51,9B.
which will be sufficient to meet the
dividend upon the St2500,0D0 preferred stock
due next October, and leave balance OF Sl4J,OOO
Considering the general depression In business, this
is certainly a very promising result for A. months
traffic. With the exception of Wabash and North
West the weeks business at the Stock Exchange
shows comparing the closing prices OF last Saturday
with those of to-day an advance of TO l. per cent
az follows: c.. c. and |. c.. and ST. Paul Common
each per cent; Rock Island, and Hannibal and IT.
Joseph Preferred, each !! st. Paul Preferred, and
Delaware Lackawanna and Western, each J; y. j.
Central and Panama, each !; Lake Shore, ~ T.
Central Ohio and Mississippi. and Hannibal and St.
Joseph Common, each /; Harlem, Il; Western
Union Telegraph, and Pacific Mail. each l.. Erie
was without change, while Toledo and Wabash de-
clined /; Northwest Common, II, and Preferred 81
The subjoined table shows the extreme fluctuations
II United States bonds the leading railway and
miscellaneous shares, ana gold, made during the
past week as well the closing quotations AT the
dates aforementioned: