New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-03-05
The following SHOWS the relatitss between the t0.a
Total reserve S7i 200 s7l72G.70J Dec s. S6l 800
serve REQUIRED --- 100
INST sits. 57,32I,SUD OO,IfO,UcJ


txecssoi reserve
aI,r.oc9ts. l67GO4OO I40Jl7CO Dec. l,sos7OO
The week cndirs with to-day has been notable for
events deemed OF Importance In financial aud CONNER
ca circles First, the fnai s"tl mcnt OF the Prcs ca
,il question removes On element of uncertainty but
is not thought by conservative folk that II viii b'9r'
dudiye Of any immediate remarkable effect upon The
general situation Second, the Treasury has issued two
,ols each OF glO,O0O,O0O for the old nye-twentics
Which makes total OF Sl00,000,000 which have been
replaced by the 42 per cents sold through the Syn
dcate Third. the Supreme Court decision against TIE
Changer railroads, laying down the broad principle OF
absolute State control in all matters Gppertainms 10
railroads within its jurisdiction; and lastly, an unoX
ptctcd and remarkable revolution in fhe man
,Oor,cpt of the CHICAGO, Rock Island and Pa
cinc and Northwestern Railroads. This consisted IN tie
substitution O McsT,. Dillon Amos ahd Gould III the
Eocl, Island direction in. place OF MoSsrS. Cable Court
right and Davenport resigned, and IN That oil the
No1hWos tern ia place OF Messfs. Tracy, TOws, aUd
Marvin These changes thought to Indicate closer
alliance between the Union Pacific Railroad and two OF
is Eastern feeders at the expense OF Other connecting
lines But this view seems unreasonable when II
is rcmemhercdevcn if she law permitted such a pro
cecdlng-jhat all that comes TO Omaha is G;st to ha
Il. P's mill and therefore 1t is evidently Tor us
interest 10 encourage Eastern competition rather than 10
incur the hostility OF such corporation as the chlc 20,
Burlington and Quincy and others. Ii seems much more
likely To turn out 10 be a movement OF geographic tian
railway Importance; the quid pTo q''o perhaps being
material and moral AID toward reief from weariSomc
ana losing speculation in stocks
The mon " market has worked easy during tie week,
being fully supplied with loauabe funds, Dotwiihst'nd
inc the continued loss OF legal tenders by the banks II
this drain however is to continue until after the usual
April settlements have been accomplished more active
marx may soon he expcc ed. Inc gold premium has
fnc uatcd from 1912 al the oqcningot the week 20
lO5 1914 and lOiA ut the close with the announce-
IL emf OF the final declaration OF the count at Washington
there followed u large buying In for short account.
which, vita buying BECAUSE gold Snow considered
cheap, closed the premium np trir.
fhc Government bond markct was depressed aud
lower fo greater part Of the week. bat later rallied
and closed strong for all tic issues hui the COS, which
are affected by rapid funding Of them State bouds
have been inactive but strong and higher for Alabama.
South Carolina and Louisiana cOnsois. The feature In
railroad bonds was the continued heayness OF the coal
roads issues Ihe default made on the Lehigb and Wilkes
barre Endorsed consolidation bonds expected and
was therefore without effect upon their price, tLey hay
ing previously declined below 81
The stock speculation was depressed early IN The week.