New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-09-20

cent as the ruling rate, while there have been
during the week exceptions at 1l2 and per cent.
Discounts for first class paper are 4l2 to u per
cent, with more particular scrutiny AZ TO names,
growing ont of recent failures and damaging
rumors as to other houses which are presumably
sound. The only failures of moment announced dur
ing the week have been the clearinghouse of
Messrs. Frederick Schuchardt q Sons and promi-
nent sugar house. Still the Tumors against the
credit of prominent banking and mercantile houses
have been a feature of the week, and have no
doubt to greater or less extent aided the
bear movement which has been prominent at the
Stock Exchange; but still the more powerful aux
iliaries of the bears doubtless are the unpromlsng
outlook to the general trade and business OF
the country; the unremunerative traffic OF
our principal lines of railway, and distrust
generally as TO the value OF securities
daily bought and sold at the Stock Exchange, dis
trust which has existed for two years. and is still
apparently increasing rather than diminishing. The
business of the week at the Stock Exchange has
been large, about twice that of last week, and
three times that of the average of several
preceding weeks. amounting TO about 1,3i7OOO
shares but the fact that 100000 shares have
been done in only five different stocks is quite sufh-
cent to show that the business at the Exchange is
forced and unnatural, purely the result of
combination and manipulation. The five
stocks referred to are Lake Shore. in which
the reported transactions have been 900 shares,
the stock having sold high sos, as low as 81 a.
and closed at $685. showing q decline from last
Saturdays final price of SIS per cent; Pa
cifc Mail, about $4,000 shares, ranging in
price from 1888 to 1888, and closing at
1873. decline of 2 per cent; Western
Union Telegraph. 20S,O00 shares at S04 to 77is,
closing at 77l4, decline of 23i; Erie, 10000
shares at 1864 to 20l2 closing at the highest price,
and showing q gain of Dig per cent and North
Western, 10000 shares at 39l2 to 1873 closing
at $685. decline of g per cent. 1t is easy
enough to see that market in which
Western Union, apparently well assured
per cent dividend-paying stock declines during the
week from so to I'LL, while Erie advances during
the same time from Is (which from the latest
official statement OF its affairs Is about IS more than
it is WORTH to 20lo is decidedly manipulated mar
ket. In other stocks the decline for the week
has been in New-York Central Rock Island, and
Co. c. and l. c. each ls per cent; Missouri Pacific -
Hannibal and st. Joseph, p Delaware, Lackawanna
and Western and United States Express each ; st.
Paul and American Express each IL North West
preferred and Wells Fargo each l u; Ohio and Mis-
sissppi 2ls: Panama 3, and Michigan Central 4lipcr
cent On the other hand the few stocks which show
an Improvement are Cleveland and Pittsburgh, is
per cent ST. Paul Preferred H. and Erie Preferred.
; per cent The subjoned table shows the highest
and lowest prices of railway and miscellaneous
shares. United States bOuds, and gold made during
the week. as well the closing prices Of each at the
dates aforementioned, and the number of shares OF
each stock sold: