New-York tribune., 1875-03-01
SATURDAY. Feb 27-P. VI.


The ice embargo witch was supposed to account
for the dunrss of general trade of late has gone,
only to give place to the fog and uncertainty
cerning the fate OF the FAX and Tariff bill. in Con-
grpss that tho week closing to-day h4s not been
essen iIy different from It's pTedeccssO and the
brief and true record Of it that trade has been dull
and unsatisfactory Yet t&rre ec,ins TO 20 n
hopeful view taken am0n1 merchants ap to the
future and "a a better state VI business mJst
some time It is only question Of time whenit is to
come. While do not yet ssr she rising the
of business prosperity. it is sincerely to be hoped
that che antcipatIOns of the most enthusiastic cpn
cernine ' the good time o0mag" may be speedily
realized.
In financial circles tho weel; has not been pr9iic
Of important events. The bark statement to-day
denotes more conservative movement In decrease
s loans of 81 500 OCO. and corresponding reduction
III deposts he Of legal has increased
81 f9 So al hough the legal tsnders have decreased
81. 4G2s 20 Money call has been in superabund-
al 203 per cent, while for commercial paper Of
the best grade the rate is still 46 per cent with but
little doing. partly from the scarcity of paper and
partly because of the recent failures OF two three
prominent irms. which have induced more rigid
scrutiny as to names. Government bonds,
in sympathy with the decline in gold.
have been held less firmly with but
dull business early in the week aud more
tiyIty at the close. The business sf the week in
Southern state bonds has been limited the princi-
pal trans ctions having been in MiGsouris at $500
9j and Tennessee six per cents old, which sold to-
day at 81, ex-coupou. Virginia bonds are frmer in
consequences of the introduction of bill into the
Legislature providing for the payment of
the inisrrst. In railroad bonds well Dis
tri5atcd business has been done at firm prices
the Pacific Issues having exhibited exrraor-
dinary strength more especially tho Union
Paciics owing perhaps, to some extent TO the fiat
erEg business and prospects Of the road presented
in President Dions circular TO the bondholders, in
whicu he shows steadily increasing traffic both IN
g;Oss and net earnings whil3 the greater number Of
our railroads show declining receipts in consequence
Of commercial depression and severe competition. We
notice that the March coupons on the new sinking
fund bonds OF this road payable on and after
Monday next az the Office of the Company IN B9s-
ton and at the banking house of M.ssrs. Morton,
Bliss & CO.. In this city. Gold speculation has been
dull during the week. and the bull clique, who were
recently engaged in effort to advance the pre-
MUM seem t. have abandoned their enterprise.
The range OF the week has been III. Dlf the clos
Jag prioo having been lli,. the same last Satur-
day Foreign Exchange has been quiet and steady
AS eiiectilg stock spcculations the events of the
week have been the final defeat in Con
gress Of the Pacific Mails extra Subsidy,
he aprointmcnt of the Hon. Jacob ID. Doy as re-
cei yer Of the Toledo Wabash and Western Ellroad.
and the refusal of the Wisconsin Legislature To re-
peal the Potter law and enact the Commissioners
bill as y substitute. The stock market has been
lrreGnlar during the whole week and the sub
iect of some very slClltul manipulatlons.
BY reference to our usual weekly table it
will be seen that while Pacific Mai.
Western Onion and Wabash are higher than one
week ago the remainder of the active stocks
from to per cent lower. The aggregate tran
saetions havo been small, amounting to 4 tribe
over 600 900 shares and by all odds the most active
stock has been Pacific Mail, Of which Z92G0o shares
changed hands according to the printed record
$4,000 more than the entire capital stock OF
the Company. The speculation III this fancy
has been very feverish and excited. and the
shares have sold as high as 80 and
as Low as 81. rallying finally TO S4.. at which
they closed per cent above the final price LAST
saturday The street is very much puzzled 10 an
dcrstand why, under the circumstances, Pa"ihe
Mail should be so strong it is. Western | mon
Telegraph in point of activity comes next 10 Pacific
Nail tho sales amounting 60 149.0GO shares and the
variation III price only 1 per cent. Union Fa1ihc
and Northwestern also active III 600 shares of
each having been bought and sold. The latter
stock was conspicuous for It's weakness.
having declined since Last Saturday 4 per cent and
the Preferred 81 per cent. Lake Shore has been
moderately active and weak. showing continued IN
dications of manipulation. The range ri the price
has been 7is and ~, the closing price being % de-
cline of Il since last Saturday. ETe has declined s
during the week on sales of 5000 shares aud 81.
Paul per cent on sales of $1,000 shares, while the
Preferred stock OF the latter road, on small transic-
tions, declined 81 per cent 10 5is. Atlantic ana
Pacific Telegraph which has been very quiet during
the week, shows an improvement OF per cent The
suboined table shows the extreme fluctuations IN
United States Bonds, the leading railway and mis-
cellaneous shares and Gold, made during the past
week as well IA the closing quotations of each 1T
the dates aforementioned, aud the total number Of
shares af each stock sold: