New-York tribune., 1876-10-23

DdnkS appear 10 nave met WIN an dtblll Ao'o VI
So, $50, 800 as fully as if their vaults had been
robbed Of that sum. OF course nothing Of the kind
has occurred but here are tho figures of the state
meut, to wit:
Loans decreased d..............-.........- ss23900
Legal tenders decreased l91s5Oo
Total reduction Of as.sts ssis5soo
Dcposits decreased .. .s7O77OO
Circulation increased. .......-...-.. lll9OO
Net reduction Of oflabilltics.sj95 500 s595,sOO
Apparent loss. 81 $50 500
Here is a reported shrinage of assets of $2.s89,-
500 which has not been used to pay liabilities For
what has it been used' Is it represented by
investment in Governments, or by tho receipts Of
National bank notes7 What have the banks to
show for it, or is it simply the result Of tho
average system A simple answer to these ques-
tions would be Of more value to the mercan-
tile and financial community, as indicating
tho ebb and flow of currency than have
been all the bank statements of year past.
1t is time that the present system of weekly
bank statements was abandoned. They never con-
vey information of value, but frequently are de-
ceptive in their purports and accomplish positive
HARM 1t is difficult to conceive of a reason why
the Clearinghouse persists in a system that for so
long time has been condemned, and which re-
ment giving the actual condition of the banks on
any one of the six nights, the figures of which go
toward arriving at the weekly average" If the
associated banks respond that the furnishing OF a
weekly statement is voluntary and not required by
law they in return reminded that there
also is no law which permits them to put forth
statements which in the majority of cases convey
false impressions. This like all other reforms lies
within the power of those interested to accomplish
The united demand Of the merchants and bankers
of this city would cause an immediate correction Of
the evil The banks are the recipients of more IA
yors than they are granters Of On the Stock Ex-
change the war rumors were adrotly manipulated
into an "idea" favorable TO the bull speculation,
which gave an impetus 10 the upward movement
Of prices. Then came totally unfounded and
oft-rcpeated reports of peace" between
the trunk lines Of railways and an advance in the
rates for transportation, so that with the more
favorable look of affairs in Europe, unlike export
able merchandise, the prices of stocks did not de-
cline but still further advanced. The tables below
will show to what an extent the bull movement has
achieved success during the week, far as the ad-
vancng of prices is concerned The advance has
been also materially aided by the large outstanding
short" interest which was developed by the move
ments in the coal shares. The purchases for
this account have been simply enormous, and
it is a remarkable fact that spectators who one
week ago could not recognize the possibility Of
l Der cent advance now talk Of the probability OF
still greater rise. To the public the operations OF
Wal-st spectators arc unimportant so long they
rcmain uniutercsted. And. with the exception Of
some rcnycstnents in tho coal shares by parties
who had sold out, the public are sellers Of
the stocks they hold rather than buyers As
to the reinyestors in the coal stocks, THR
n. - L. L ,..1l
again quietly remind them that the facts it pub
lished concerning these companies were based
upon coal at over - per ton and that while coal is
now. and has been since the Goth of August, from
81 90 to 81 per ton less than then. the interest on
the companies debts has rather increased, snd
rentals on leased railroads remain the same. Com
cemng the rates for transportation on the Trunk
lines there has never been doubt but that, with
the closing Of inland navigation, they would
De advanced, at least on East-bound freight
from Chicago. and we shall be agTeeably disap
pointed if the old discrimination against New-lOrk
is not again re6stabished. But the question for
outside investors and speculatOrs too to solve. be-
fore ycnturing their capital in 3 maelstrom which
has already advanced prices from q To l6 per cent
in anticipatOn OF such an event. is: Win the bus-
ness offering warrant an advance 10 even the low
Winter rates Of last Jauuaryt VIII the coming SIX
months. during the close of navigation enable the
railroad, to recover the losses entailcd by the ruin
Gus business done since May last Again
we say. if the public will let Stock Ex-
change specUla;ions alone, its rises and falls have
no more effect upon the future prosperity OF The
country than TO the exchange of chips across
the green cloth :" but if they meddle with IT, every
fictitious and manipulated rise in the value Of
securities is a retarlng element, the inevitable dis
astrou5 effects Of which require a new outlay OF
labor and time to recover FROM The business IN
shares for the week has been large, aggregatng
9SO000 shares with final changes in tue prices from
those of last Saturday as follows: Advances
Atlantic and Pacific Telegraph, 81 Adams Express,
l.; Chicago, Burlington and Quincy, "A; Ohio
and Mississippi and Western Union, each
7s; American Express, Hannibal and ST.
Joseph, Morris and Essex, and Union Pacific, /;
Illinois Central, III; Mariposa, st. Paul and Rock
Island each 1l2 Erie 1&i; Hannibal and ST. Jo-
seph preferred l7s; New-Jersey Central, Dis; ST.
Paul preferred, 23s; New-lork Central, 2's C., {.
C. and l. aud Panama, each 3 ; Marposa preferred
34; Lake Shore, 37s; Michigan Central and North
West preferred. each Al Northwest. 5S4 Dea-
ware, Laokawanna and Western, 0ls and Delaware
and Hudson, 0Si. Declines--St. Louis, Kansas CiV
and Northern, Pacific Mail, and Fort Wayne, each ~
preferred. IS; Quicksilver, /; Chicago and Alton
and Pittsburg, 1l2; ST. Louis and Iron Mountain
2i2, and Erie Preferred, per cent. The following
table shows the
WEEKLY RANGE OF PRICES.