New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-01-11

itself upon n now ana lower ieVei, "niOh niO"n'
lower prices for labor and all the necessities OF me-
and forced economy in the use OF luxuries on 'he
part of a large majority Of those who have been
living at too rapid a rate. This does not imply
bankruptcy, but is the method by which we may
yet escape it, Reduction of expenses IN tne
store and at the freside, does not imply
poverty, but does mean smaller volume OF
business, and q return TO the sound principles
which will lead to national wealth, in spite Oh
the bunders in finance of q laundering and plumber
ing Congress The Senate Finance bill which was
rushed through the House without debate, and
which il is expected the President Will approve.
less he should happen to change bis mind sud-
denly as he did concerning famous financial meas
the last session, has been the subject Of
conversation in street circles but does not seem IN
have produced any material effect upon any Of the
markets The general impression concerning the
bill seems TO be that so far al II proposes
TO substitute silver change for the fractional
currency now in use il will be found TO be impract
cable; and that no legal tenders will be retired
under it's operation for the that unless there
shall be more rapid and important revival Of bnsl-
ness than there is any good cause 70 anticipate,
there will be considerable addition TO the Ma
bonal Bank currency now in circulation. SO the
conclusion is that beyond the bare promise 20 pay
the long dishonored legal tenders four hence,
and without taking any effective measures 10 enable
the Treasury TO fulfill the promise there's nothing
in it," Those among the BANKERS and brokers
who students % politics and human
nature gravely doubt if the measure will even
save the party" which seems TO have been its
chief aim. As this great financial measure" will
not be likely either to contract expand the vol
ume of paper currency materially business men will
perhaps find some consolation in the not unreason-
able hope that there will be no more currency
tinkering done by this particular Congress What
il has done to save the party we have seen. Now
let us wait, without beng too sangune OF the re-
suit, in the hope that the next Congress
may try TO do something 70 save the
country. 1t was intimated in this column
week ago that the temporary high rates for money
would not probably be Of long duration, aud we
find now plentiful supply of currency offering on
call at to per cent. though higher rates prevailed
in the earlier part of the week Fist-class mercan
tile paper goes at to per cent while other grades
are higher with a somewhat sharper scrutiny into
the standing of the makers of the bills offered.
The bull speculation in gold which sent that
article up to 1l3 early in the week, has
apparently subsidized, and the market closed
to-day at 49,, within ! of the lowest price
Of the week notwithstanding continued heavy ship
ments of the prices as metals abroad The range Of
gold for the week has been li8 and l2t the cloing
price being per cent below that Of last SATURDAY.
United States bonds have been in fair demand With
out material change in quotations, and the same re-
mark Is true of Southern state bonds In hrst-class
railway mortgages there has been lair business at
slight concessions IN prices The speculation IN
railway and miscellaneous shares has been
feverish and unsettled, and with the excep.
ton of frst-class Investment stocks prices
are generally lower Western UGion has been the
leading stock fortho week. tie transactions IN which
have amounted to &l) 800 shares, with the Price
ranging from 70 ~ 7C closing 16i, decline OF q
for the week The next most active stock has been
Pacific Mail, which has iluctuatad between 81. and
3d. closing at 81. The promised financial statement
of this Company Tor 1st Of January Is awaited with
interest About $4,000 shares Of this stock have
been bought and sold during the week. Lake shore
has been active aud has declined from ''S to ~
closing at the lowest figure. Union Paclhc
has been largely dealt in at figures ranging from 90
to 81 closing at 37l which gain Of from last
Saturday Northwest has sold as high as i3l, and
"a low as 49, closing n A. when IL per cent below
last SATURDAYS final quotation. Enc has been mp 20
! 80! and down to g. closing at 1'', which was the
exact price a week ago. Wabash continues TO de-
cline on an active business, closing at u last
Saturday; this stock declined 10 IL! this
week. but rallied to ~ at the close. Tho
decline in other stocks for the week has
been in Rock Island. z; ST. Paul, }; y. Central,
illinois Central. and Hannibal and ST. Joseph. each
!: c. c. and l. c., ; Hannibal and st. Joseph Pie
fsrrsd and Ohio and Mississippi ,ach =; Quicksilver
Preferred aid Michigan Central, each l. and North
West Preferred d. st. Paul Preferred improved per
cent Cleveland and Pittsburgh, :; Delaware Lack
awanna and Western. n. J. Central, - aud
Atlantic end Pacific Telegraph, per cent The
subioined table shows lie extreme fluctuations IL
United states bonds. the leading railway and mis-
celaneous shares aud gold made during the past
week. as well as the CLOSING quotations Of each at
the dates aforementioned, aal tie number OF shares
Of each stock sold:
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