New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-03-29

SATURDAY. March 27-P. NJ.

SATURDAY. March 27-P. VI.
The week ending with to-day has been an un.
eventfui one In commercial circles. While the
value and volume of exports from this port again
snow decrease as compared with the corresponding
week of lS14-principally caused however by fall
ing off in the shipments of cotton-the prices Of the
leading staples have Deen we'll sustained: and in
many cases handsome advance has been estab-
hshed and in the higher prices established in the
British markets particularly for wheat. corn, and
hog products. may be found announcement for the
belief that with the exchange market again free
from the disturbing influences Of gold clique there
will be a renewal of activity in the exporting of
abundant products. As a point bearing upon the fu-
ture Of this department. of commerce it may be
toned that by the official returns the imports into
Great Britain for the months of January and Feb
ruary of this year have been but 5O26 473 cwt. of
wheat against 1908 729 cwt. for the same months in
1874. The distribution of dry goods continues TO be
upon limited scale, and it cannot be denied that
the remarkable backwardness of the season has
seriously interfered with the complete of
this important branch of trade in that 1t has caused
delay In the sales by the interior retailers of their
first purchases thereby pOstpOning their renewals
of stocks. In financial circles, tue week has been
barren of striking events if except the move
ments at the Stock Exchange The Gold Room has
attracted less attention than Of late, the clique,
either from choice necessity. having made no
particular denomination either upon the premium
or the rate fOr loans and although there have been
exceptional loans made as high as for
use, the average rate tvf tn5 wetn
has probably not been higher than 2 per
cent per annum, with exceptions of 2 per cent hav-
ing been paid for carrying. The premium has
ranged from lG! to 15l0lG!. Yet there has been
I'LL q
the power and intentions of the clique to keep the
foreign exchange market in feverish and excited
state-so much so that it has been difficult to nego
tate commercial bills. For these reasons may
be pardoned for again suggesting to the banks
holding the called bonds that they will perhaps
best serve their own and their customers interests
By presenting the bonds at the Treasury for imme
diate payment. They must sooner or later present
them and rengest the proceeds; and the chances
in favor of the exchange of Investments being made
simultaneously now would seem to be fully equal
to what may be expected Ill June, while such
course would probably aid legitimate commerce by
rendering it more difficult for the clique to control
the price of gold. Government bonds have been
firm, and the week closes upon an advance ranging
from to per cent and averaging something over
per cent. In state bonds the business has been
limited with quotations almost nominal. Railroad
bonds have been generally strong, with bur small
business except in the issues of tue Pacific roads
Central Pacifcs have advanced per cent and in
Union Paciiics there has been large business done,
particularly in the Sinking Funds, at advancing
prices the Firsts selling again up to 91. the Land
Giants 10 1901. and the Sinking Funds AT a higher
price than ever before reached, 10 wit, 92. There
has also been fair business done in the North
Western Consolidated Gold bonds at s3a53s, and
the consolidated issue of the Milwaukee and 81.
Paul. IN a light business, advanced to 70.
In The stock market the week has been one Of I'M
usual excitement the transactions during the five
business days Of the week having been LIS. rs
shares OF an average Of nearly $4,000 per day the
sales of Thursday and Saturday to-day exceeding
900 each day. The leading speculative stocks
continued during the earlier part of the week to be
Union Pacific. Pacific Mail. and Western Union
Telegraph. which steadily advanced without pro-
ducing much apparent effect upon the remainder of
the ac,rc . .- Jus later there movement de-
veloped in Erie which, taking the heavy short in
forest in that particular stock by surprise, caused
rapid advance aud produced very serious scare,
and gave buOyancy TO the entire list on the last day
of the week Western Union. after having adj
vanced from ~ the closing price last week, to 75,
has since ruled steady between 1Gs and ~, closing
the week with gain Of only per cent AT TO-, on
sales OF $4,000 shares. Pacific Mail, which closed
one week ago at 3d. gains on the enormous business
of over half million shares, 3, per cent, closing at
AZ. having sold as high Is A.. There are still
many uubeleyers in the improved and improving
condition of this Company, who failing 90 APP
preciate the difference made to its finances
by an advance OF So per cent III its rates
Of charges. together with the alleged large re-
duction OF unnecessary expenses, which have, we
are told. already been made. still continue to give
,lo .nug in
short sales Union Pacific has continued TO steadily
advance and records It's last sale this week at g.
or o. pei cent higher than one week ago The gross
earnings Of tins road for p days Ia March are re-
ported bv its Treasurer TO show gain OF Sl4IG1G
over the corresponding period Of last year, and the
gain since the l7tn Of March, averaging about
$4,000 per day, to justify the estimates OF its
managers that By the advanced rates the gam on the
so,ne amount of business as was done last year
would be more than the amount of the promised &
per cent dividend. With the exception OF Erie and
Hannibal and st. Joseph, Common and Preferred
tbe gains in the remainder # the list have been IN
important, and the busl-os5 io"t"rciess. ILeE may
no stated a. faIlors: Northwestern ! per cent;
A.. Pref rred II; st. Paul. Il Preferred +. Rock
Island. ; Wabash, : Ohio and Mississippi !; Lake
shore 2 and New York Central, !. Eric commenced
ia inward movement on Wednesday, ana there
were mysterious whsperinSs of the Company
having sold its coal lands for S3OJOOO winch story
requires confirmation, and OF grand tranScontl-
mental and very likely transcendental through
route embracing Erie Canada Southern, Wabash
and Hannibal and St. Joseph. all OF winch were To
hacoune mart and parcel of the Union Pacific. The
r;d advance of Hannibal and St. Joe stocks to-day
was in some quarters believed to give character to
tb. "tale.n and undoubtedly added to the buoyancy
of Erie and FASTENED the closing up of large short
interest which had been accommodating for months.
s 70 the advance in the stocks of Hannibal and It
Joe it may be ascrbed to the defeat in the Missouri