New-York tribune., 1876-01-31

"everybodyv expects advance Is to certain ex-
topt the causa of the Improvement which follows.
II IL proper to add however that the confident buy
ers seem to believe that the country has suDstaii-
tiallv "toucbed bottom" in the matter OF the dc
presion of general business and that heRceforth we
are TO see gradual and healthy improYeent III the
trading industrial and productive interests OF ,he
country. For Justification of this beet they polh'
to tho recent marked Improvement IN the earhih4'
of our principal railroads. to the extraordinary agr
cultural productions of the great West, to the par
tial recovery of active business in tho western Cities
and towns to the fact that our cotton goOds mai'-
facturers as well as manufacturers In some other
lines have discovered that they can successfully
and proftably compete with their Engiish H'a's
In the British markets, and to generally
pervadng feeling of hope and confidence IN the near
future. carefully considered and thoughtful artl-
Gle IN The Rn,iuay World states, the authority Of
the stock brokers of the street. that at no time since
1873 has the market felt the influence OF 80 Much
outside buying, and the commission houses report
decided increase of orders from various quarters
The writer argues, not without some force, that
mere street manipulation could not have made itself
felt 90 generally through the list AMI the market
cond not have advanced 80 much without more
serious reaction than mas been met with yet" Inc
writer further remarks that the market has been
singuarly free from excitement, and adds:
Il has been strong steady, persistent flow OF ealtl
into securities or The bsst grade which nag gwen ts m
pulse TO the stock busin and thc hUiIE - c'Ic
auently more persistent So far, then es the t,u III
PRODUCTION OF resl capital can eiy9 tfy IAN w Tor The
proycme and account FOR IT, theie - le;sol ~ ~
buoyaut tone which re.Sns ia Na-t btychu ,.9,
Of The productiyeness OF railways-bu. the Immediate
promise is not brilliant enough, DT 81, Z" nntlatc d t
lar movement toNard such stacks, nor eonid nave Oet.
autlciy3od, except under inc PecusI "a "a ~
have stated. Iuacyiiy III general tfaIc IL no.
tent with Using stock market as numerous preetuSi
prove, aud the Il,re TACT ndt le eh,hn..s 81
srd nary open capital are closed eltasr by 3dgs1Se
results by tha tmldy of capt lliss, Il enough 10 eA-
eIcse 4 strong inhU.Bce upon dl'idchd STOCKS
There oro many point, Of similarity IN the present
di.ion of tAnp. 10 which followed tue crisis OF ~
after tnoe years oi dizziness an if'stt',lo iS
but ia precisely the sroo way, and III bOth iis'an,s
the rtocE uuret tia indicated ge aplro.ch OF ta0i no
pr1.n e. Rargays relieved OF elnD%rFdSamenlA Ien-
ganzcd and c,od, began to ieel she iuipu.e oi IL
usually sa-i,i4 tory. Put for the outbreak OF tAo
r"53.ivn, 1860 and 1861 would undod''e,ily l., n@S" M
been years II gIelt PROSPERITY. sansu,He people arc
Gon,. inclined 10 Anticipate TOO ui'ici, 'u 20 kie
th' hHl ~ ID. Vi trtl ,!'''on q" - ~ ~ ,,t not
be expected TIE ,rscs nave Oorn TOO etyre ali s
ms ..t,n ton ~.st To ADMIT o. ANYTHING bat n sGual
recovery. IsquIiiUu ssl3ac i'st, Sid tcoHpiy S"fs
ie.u .c forced ccuscQU-nen, OF tIe co lrc lhry 'r
d,.tec,ia elue,rs t never fa T. lt. tore the cqui
lIni oi rde an duo unle. fhe various qh0susHN "
twern hbor and capital landlords aud iepAns, tr"-
~ the ncces.ij..s Of tle and arss ano.bsi
.ntr..l.c pusIooG5 AZ hAau udoned = ln-ot tte hc
... - 9, ,o,,.uir lv. The times ci for l1wcr srso
ni rr.ces "a oycry ti sulh.cr profile a"d lo"rI
wages GcIoand. aut VIII t>eiie, lover rem. theAp'I
food, ri.i hul cicthnE Nhcu tdese changes nave De'.
effected CORRESPOND with tle ne" sJsts,h "hei 7 he
cpascq cucc ot d7sttr"ns eo~nt.e'sl e'aoh tas
inin.oycni,u D, vii le steady AM o. nj ui0n5.
At 10 TIE close Of le war i"S Tie condlumi
~ ic country Dr.n 50 favorable l"f ci'fe IN oar g
r.ncv .gst.m return 10 thr specie basis, ustc3i G..
c.cc,s business ana enterprise, would 10 more to re
-;orc bo;h tan any ueaa9'e which ein be sd.s's'eI
tsi1u aud rinp caIltal ron is lurkine pirse 20 ,si
IN .jlud .eli ilua'o business protects r.>"biIsn
cuuj,uer aHl give ttiris. AL stability 90 's h,"
Ia. ytu'uts throughout ine country.
The week closing to-day has been one of more
than usual activity in the purchase aaG 'ale 81 bond
and stocks and shows an almost uHbroteA advance
in prices. Goycrumcut bonds have been in active
demand. and show m advance If about | per cent
for the vccs State bond, have cxhib,ol irnneas
on only moderate Transactions while there has been
AN active tsals a generally advancing prices in rail
way mortgage. Gold has been quci and firm with
q range of only 4 per cent, closing finally at last
Sa.uiday's Cuptli1n. In railway and niscellcnr-
o.,s =. ares W have had d well distributed bu5incss
mt advancing prices throughout the list with unHpor-
taut exceptions, the largest trade having been Lake
Shore, Ohio AID Misssipp, Pacific Nail, W~Ft'rl
U,ior. Trir Nortt-W Wes rru and 81. Paul. Lake
Shore which has been largely the most active stoek
u,,1 the u,l las scarcely more than maintli3ed tr
stanairc having halted in us upward movement in
an exhausted condition. on advance for the
week Of L. Per cent. The Other stock
which have shown the grrate.t strength
have been tie Western shares such as 81. PAN,
Nortl-Wcst Ohio ard Miss, Union Pacific. St. Jos
Pref. Mo. Pacific. Chicago and Alton Rock l.iand,
Pittsburgh and tito Telegraph shares. To he specit.s
the advances for he week have been in Qlickcilver
and Wabash each y per cent Illinois Central. i
American Express, 81 Consolidation Coal, Harui-
bal and -i. Joe. Lake shore Mariqosa, and Panama.
each J., L. and +. Telegraph, and Mo- Kansas ana
Texay oach D; Atlantic AID Pacific Pref, G., C.,
aadLC. Erie and Northwest Common, each =
Wichi-an Central Il; Chicago and Alton Pref,
Tr.s Pref AID Ohio ard Miss. Pref, each | koc.
I.,,ul. Is; Chicago, Burlington aud QuEey, Kan
sls Pacific Fort Wayne, and n. J. Central each II;
Adams Express aud l.. :. Express, each IL Pan
ana. -, Central and Hudson, lai Chica@o AMI
Alton and Cleycand and Pittsburgh, each 9 Ohio
and Miss., 2ii 81. Joe Pref and No. Pacific, each
~; Axiom anl 'ioire Haute, 2l2 Western Union,
2li Union Pacific, 3 st. Paul, 3Ss do Pref, 34i
Canton, i and NoTtl-Wes, Pref, 43i. Q!eAslIyer
Pref declined 81 per cent Harlem, NUw-tiayen.
agG Del and Hudson Canal, each u 81. Louis Gud
Iron Mountain, IL s.. Louis, Kandas and North
ora .r,i AID G., g., Z. and l., 2l per cent The
suhuincd ;AS!e shows tha extreme dIctuati"ns In
United States bonds the leading railway aud mis-
eel aneous shages, and gold mado duricg the past
week a. well as The closing quot asions Of each at
the date. aforementioned, and the aggregate sales
OF each stock in the list:
-Fos t.e week --tToslug.-, 30 shares
u.aacsl Lowest. Jan. -. ian. - sO,d.