New-York tribune., 1875-10-18
SALES FROM 2 O'CLOCK p. VI. TO CLOSE OF BU'
NESS, 3 O'CLOCK r. NJ
SATURDAY, Oct. 1G-P. NJ.

SATURDAY, Oct. 1G-P. VI.
The general trade of the city has been only mode
ratey active, activity induced IN some branches
by further concession in prices. The hard-money
triumph in Ohio is much discussed III trade and
financial circles and the result seems to be very
generally regarded as something that ought 10 lead
toward a restoration Of confidence, since it points in
the direction, however remotely of an honest cur
rency and a sound basis for business enterprises OF
course il is not expected that return To a specie
basis will create confidence in worthless securities
or in properties that cannot be made produc-
tive; but il is believed, and not without good
reason. that conservative people having idle
capital would he inclined to invest 1t Ill
frst-class securities or in promising enterprises
if they could clearly that they might recOnvert
their investments, should they desire TO do so, into
a money or currency having fixed and certain
value The events of the week in financial circles,
i'm addition to the Ohio election, have been activity
in the gold market. accompanied by eXtravagantly
high rates for USE Generalization in the foreign eX-
change market hardening tendency i'll money, an
advance of per cent IN the interest rate at the Bank
of England, and partial recovery III prices OF the
securities dealt in at the Stock Exchange. United
States bonds. in which there has been fair
business, lower in the early part OF the week,
but recovered later on and to-day show a slight adj
vance compared with last Saturdays quotations.
One source of supply in the market during the past
few weeks has been from banks which have surTcn-
dcfed thtr circulation tO a certain extent In state
bonds there has been only 4 small business, and the
market has been without feature. Railway mort
cages, Ion thc better class have improved somewhat
WIN The better feeling in the stock market. For
eigh exchange has been heavy aud lower, with a
in"rhet considerably dcmoralzed by the high rates
Adc'ed ior the use of gold. Toward the close sales
"'!c made as low 81 76L10Tl II for bank
&c &c w days Sterling, and 81 SOI2aSI ~ for
'iiis, "hlle commercial bills could be obtained
~ NUN io"er rates. The gold speculation was
n'"'S uuilhg the early part of the week x.L.n .
'"oi' snort interest was created in if. in anti
.Pa'oh OF the defeat of the inaato,ists H. on.
"',i 'e iact was made apparent, the effect had
In y "'en substantially discounted and yyitb a.,
", pPy oi cash gold ahoat the snec,I, ,, -.
'""''Pa to obtain such high rat.s f. ;t
hA sne shorts to cover and tho -
Au' @nceu 10 H. from 1j5s which yv.s ar. "ll'"'
P'0o Vi the week, the closing pfico III. 80
S"'"ine an ADVANCE from last S,tur, = = -
cent In money there is only n - Vi = per
ndIuehihg In rates, which have ranaaa ~"
oai ioanS Hom Zig 10 uer .an. ~. wi
,he ousiness more generally Ut 3 tn A., na WIN WIN
III COMMERCIAL paper a fair business bss 20 cont
oi2 W per cent for the highest grade "'n' at
niue doing below per cent The snoo,.. vary
railway and miscellaneous sharss bas r., iVn Va
but III the iaain strong while the volua =, 'suiar