New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-12-13
SALES FROM 212 O'CLOCK TO CLOSE
So,
SATURDAY, Dec. III. NJ.

The events of the week in financial circles have
been unimportant outside of the Presidents annual
message and the accompanying documents relating
TO revenue. resumption, banking, &C., which
have been much discussed among business men
and seem to give very general satisfaction, though
they do not as yet appear to have eXerted any con-
siderable influence upon either business or specula
ton. The general trade of the city continues
quiet with the exception of some little ac-
tivty in the distribution of holiday goods
The money market continues to work easy
at TO 8 per cent on CALL with exceptional transac
tons above and below these rates There has been
a good inquiry for frst-cass mercantile paper at u
TO per cent, with only limited supply
The gold spectators seem to be Ill
quandary concerning the real intentions oil
President Grant i'll reference to Cuban AFFAIRS
and "a result the gold market has been remarkably
steady, fuctuating only between 114l2 and 1888
and closing at 1913 the same as on Saturday last
Foreign exchange has been firm on small business
as has also been the case with United States bonds
In State bonds the business has likewise been light
and without significance beyond heaviness in Ten
nessees and more activity in and better prices for
District of Columbia 3.65s, which. however, are of
n little to-day. In railroad bonds we have seen a
reasonably active trade at firm and generally ad-
vancing prices The trade in railway and mlscella-
neous shares has been moderate III extent, with
generally bullish feeling, resulting in moderate
Int very general advance in prices since last Satur-
dav The bull movement, it must be admitted, has
one element or fact in its favor outside of the usual
manipulations of chques. We refer to the very
general increase in the traffic of such of the i'm
portant railways of the country as report their
earnings for the month Of November over the cor
responding month in 1874 These earnings
were published III THE TRIBUNE this morn
ing. and will no doubt attract the atter-
ton of the public, who have been so long
and patiently waiting for an improvement
in business as a sign of something better to come
The sooner proper means can be adopted to compel
all railway companies whose securities are upon the
market to make frequent statements OF their EARN
inps and disbursements for publication, the better
for the public or at least such portion of the pubhc
as trade or invest in such securities The decision
of Judge Donohue in the matter of the injunction
against the Panama Railroad, restraining it
from turning itself INTO huge steamship COM
panv. excited some interest in the street,
where il is the prevailing opinion that the effect OF
the order should be to advance the market prices of
Pacific Mail and Union Pacific, and sympathetcally,
perhaps to improve the general list. If this opinion
be correct then the decision came too late to ma
terially affect the market to-day. The busi-
ness of the week amounted to the
purchase and sale of about 100000 shares, of which
Lake Shore, which has been the feature monopo-