New-York tribune., 1874-04-13
SATrRnsY. April LIP. NJ.


As of the mad imitation schemes of Con-
gress becomes day by day more certain so 70 all ap
pearance does it become and more certain that
the rosy prophecies of the inhationiss are to be
disappointed. The business community understand
certainly that portion who are endowed with
understandings the printing of forty-four
millions OF forty-fOur hundred millions more OF
paper promises does not add cents value to the
wealth of the country. They that further inia-
tion is inevitable, and yet they obstinately and
stupidly refuse to become "enthusedp at the
prospect They do not rush in TO buy
securities or merchandise in order TO
secure the benefits of the great advance
in prices which the initiation prophets have assured
us must follow the of their proposed eglsa-
ton. OF the return of that confidence, so essential
to successful business, which has been so persist
emily promised the result of increased facili-
ties,' there seems to be not only plentiful LACK
but in its place a growing dstrust in business cir
cles Merchants buy sparingy just to keep up their
assortments: manufacturers not extending their
enterprises and business men generally seem wisely
inclined to keep their affairs "well in hand"
der ready control. In short, the men of substance
in the country evidently lack implicit conf
dence in the brandy remedy proposed by
the Washington doctors They see that the
difficulties of the country did not result from lack
of irredeemable paper but rather from too much OF
that article and from over trading; from railway
and other grand enterprises commenced and prose-
cuted in advance of the cOuntrys needs; from hVlng
beyond our means and running in debt for the dllier-
ence between income and expenses, from expansion
in business we as in currency and 1t Is not clear
to them how disorder resulting from expansion Is
10 be cured by further expansion. So wise people
are contracting their expenses, wearing out their old
clothes, and trying to get back to that healthiul
condition where the income may be just niue III
excess Of the outgo Persistent effort III this dlrec-
ton may fetch the country back TO prosperity IN
spite of the efforts of the Spectators ana
politicians at Washington and elsewhere
TO ingulf us in universal bankruptcy.
The general trade of the city for the week closing
to-day is reported as shade better than that of last
week but as rule business men are
still waiting aad watching Washington. Money
has been easy to per cent CALL and as rule
to per cent on firstcass mercantile paper united
States bonds have been in far request without ma
terial variation in price Southern State bonds
have been inactive. Gold has been rather quiet and
steady with range of only 113! and 49,, closing
to-day at 1l3', which is per cent higher than the
closing price of last Saturday The speculation III
railway and miscellaneous shares has been lrregu-
lar and shows a quite general and considerable
decline on the weeks business. Dlle lne sJleeG
has been rather bearsh. with vew it is alleged
in certain quarters to depress stocks to point
where they may be a good purchase for that rise"
which so many anticipate as the result of final action
in Congress- it would perhaps be more sensible TO
attribute the decline, especially IN railway shares,
to the unfavorabe traffic returns for the past three
months and more especially for the month Of March
The decline of the week, comparing to-days closing
prices with those of Saturday, ranged from to 3.
per cent-viz: c. C. and J. G.. per cent Toledo and
Wabash (; Pacific Mail, :; Ohio and Mississippi and
Union Pacific, each It; Delaware Lackawanna and
Western. Il Rock Island, Il; Northwest Common
and Prefd each Il NJ Y Central II; st. Paul Com
mon, O. Western Union Telegraph, 25; n. j. Central,
8; St. Paul Preferred and Hannibal and st. Joseph
Preferred each 81. Lake Shore, 81! Erie. A.; and
Panama, 5! per cent. On the other hand Hannibal
and st. Joseph Common held its own. and Pitts
burgh advanced per cent. The subioined table
shows the extreme fluctuations in United States
bonds, the leading railway and miscellaneous
shares. and gold made during the past week, well
the closing quotations of each at the dates under
mentioned: