New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-05-17

Of bushels of grain and thousands Of bales OF cotton
are held and carried in this country upon borrowed
money, which, If we were using tue money
of the rest OF the world, it would
be impossible 10 hold, and except for which these
products would geek market abroad to pay our
debts and thus set in motion the whole machinery Of
commerce. The week outside the Stock Exchange
has been q remarkably quiet in financial circles.
Money has continued in ample supply at 2l2a3 Big
per cent. on call. while mercantile paper Of the best
grade is in demand at 465 per cent. The weekly
Bank statement, issued to-day, shows a gain in
every item except that or circulation, and net gain
in reserve of SJ91, 300 The increase in loans of
$1.70G 100 probably represents the purchase on
count of the banks OF Government other securi-
ties rather than loans upon either stocks or mer-
camille paper. Gold, which was quiet and
steady early in the week, between 1853 and
1853 later became active, and sold at 1l6ls.
settling again to 1853 when it became known that
aportion of the specie engaged for shipment to-day
had been withdrawn The rates for use Of gold have
ranged from Hat early in the week to 6i4 lS2 per
day toward the close. The foreign exchange market
remained firm up to Friday when the rates for
sterling We're reduced to 81 S7l.0$i 90 for 60
days and short sight bills respectively, with con-
cesson of L. 70 q per cent below these rates. Gov
eminent bonds have been in good demand at full
prices and in some cases at an ADVANCE with deal
ings restricted by the small supply of bonds in tho
market The new District of Columbia $685. after
a decline to 70. improved to 7i1a, at which price
they close. In railroad bonds the dealings have
been fair, with prices not quite firm; the principal
exceptions have been the issues Of the Pacific roads,
which were to-day particularly strong.
Tho speculative list of stocks has been depressed
and with few exceptions shows a marked decline
from Saturday last Panama takes the lead in q Gall
from 10 to 1885, closing at II, II per cont below
tic price week ago. This stock, woll
Pacific Nail, which has declined ti2 per cent, has
been affected by renewal of their agreement TO
disagree and, .as matters now appear it seems
quito i,scly that tho courts are TO be ap-
pcaied to for assistance in making things
pleasant and harmonious. Eric was adversely
aiectel caryil the week by reports That the COM
p.ny we're in need Of money with which to nay their
June interest on the 81 consolidated bonds, the
Long Dock bonds and FOR 9th purposes, the
company 5 needs asgTegating $4,000 which seems
to b. fully confirmed by the rpcrt since issued,
OF which we present 4 full synopsis. The stock
shows l. decline for The week Of 81 per cent. Lake
shoe, after having declined IL pr CONF early II
the wce from ,Ie spurt Of last Saturday, remained
nearly stationary until to-day when Il suddenly BE-
come weak and It's price tonight Is per cent below
that of last Saturday There appears to be
prevailing idea that what PRECEDENT Jewett
frlnkiT tells ha been the effect Of tire low rates
fer transportation upon Erie must be equally true Of
other roads which come within the scope OF the
competition and very ogi, ally the price OF tho s'0ck
declined. Central and Hudson, al hough recording
decline e ~ per cent ID very rry hell az about
lOj, at least for Tho present. Rock Island.
ing which rumGrs have been prevalent thai it was
about TO ssue - ,0coO 900 sinking fInd bonds has
sold a, low rs 1854, closing however ut lO4, de-
cline for the week Of rs per cont Union Pacific
was nc,ected until near The close OF the weak, when
il broke to Il T., on unflv0rlble run0rs concerning
tie decision OF tho Court Of Claims in It's suit against
The Government COR the onc-ha.f OF its pay for trans
portltion retained BY the Treasury. and on an adj
verse decision ~ to us eastern terminus, but il
afttrwarl rallied and became strong, that the
decline Cor the week is o.ly y per cent. Western
Union which shows n loss OF 23s per cent has been
depressed by the extension or the wires Of tho
Atlantic and Paciic Company over the Pcnnsy lyaiia
Railroad and 10 oih, points where it viii be COM
prtit0r of t.i9 Western Un.cn The changes ia the
rruiginlcr Of Tue list have been IS follows; Quick
silver declined Per cant; Kansas P,cii", L; Pacific
Of N,s'3nr Is; No,yh-Wcs'ern, 15s; Preferred, y;
s.. P.nl !; Wabash III; Ohio and Mississippi, 1i2;
Dslar ~, Llc,a wanna, and Western, %; while
Adam % and Pacif Preferred advanced ;. per cent
81 paIl Preferred, L, aud Hannibal aud 81. Joseph,
per crat. Thc s1bi incl able shows the extreme
luctuato.s in UIitc St.as bonds, the leading rail
yay and miscellaneous shares, ~ well gold and
the e. ,sins quotations Of each az the dates under
mon,ioncd also the number OF sares Of each leading
stock sold:
-Fortie WEEK --C'osn--- No shares
Highest. I4,.scat My IT,. Maya. SOFA.