New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-02-05
Onion Pacific
2OJ. G
sArrRnAY. Feb. Jpn.

The heretofore assigned reasons for tie tx
isng s,agnaticn in generalaae-such a. lee enareoes
snow blockadrs, and the uncertainties attending lhs
Presidential Outcome-haying succumbed q meIuhs
weather and the appointment OF the Electoral Fohhls
sion another special cause has been found feaiy laae
to DO its work of deception 20 Wit the fear OF unumcy
haste I'm an ottompt TO resume specie payments. We
have no fears that the crudos ideas Of the Pfesfeu
A. EXPRESSED in his message 10 Congress Will he pro-
du.ye Of any immed?'" Gction although the suggestion
f., fund the legal tenders with four per cent bond or
even at higher rate II necessary, IS measure "bea
should have been In actye operation 'oIs uH'
since Seemingly the President has YET
learn that no LEGISLATION short 0i d IT,
peal OF the legaltendor act and maAUg 'He
notes convertible demand IL possible 70 '"s
about practical resumption and add the con o 'uc c
try TO the circulating medium" Neither i II sac 10 W.
cept the Presidents statistics Of our foreign 'o'o
rs basis for resumption our Indebtedness Tor interest,"
due on the other side OF tie Atlantic l. quite As hu'"
factor in the balance Of trade as are the Gn'''
and imports Of merchandise, aud this item II '''''
~ no inward of 900. 1900 per annuD. However
for the want any other Gcton it may be eSp'e'" '
special cause will have lis run as " Gi>t'fp'hs ""
uant" IN commercial circles, while such Yatcfh I"ee
rs that grain is held spocua;.ycy higher IL Chisaso
with transportation charges added than in NewA'n
and N NcwYork than in Liverpool wilnOt be mthioAso
rs a reason FOR the " slow movement OF trade
The following from The Springfield Republican con-
firms The statements OF THE TRIBUNE az lo one "i '"e
methods by which the Central and hudson is'i'o"a
ha. been able to pay Per cent div!d'nds upon lie cHo
nous capital (shnnng the equipment, and L. hob' se
lcs Trustworthy because o! having been publisher al '
home OF tie President OF the Boston ana Alban! hAT
road who is also q director OF Central ana hud'on'
y i mn LONGER A secret that the Nrw-losk CthuM
pui,r! Is now completely it, back 50 iar a, tne .
,I ~ ill., motive power ard rolling stock Goa,
IN. immense iif nc WIN
MINIMUM OF tools; and severe emeIg'.s,l -" -, II.
heavy storms OF month ago. not Only ".eA'u M
business but left II badly c.pplcd ai,er tr ,lSd
passed since It has IAN down on 70 N1"L's'
connections Tor ASSISTANCE a.,
The bank statement for tie week continues 10 i'.'
the accumulation Of idle capital at tiis center eg v"
dcrs being up SlOo3@OO and loans FS''''O'' 80
cause Of decline Of Sl.seI,9O0 il specie '"h''"
- 100000 greater than The gain rs The soyIfe'suish
tbc deposs age increased hut SlG6l00' Ie>'n5 IL '"S
exces, Of reserve above legal Icldir nenS '' '"I,.
S9li57j. The legal reserve against d1po,'" ,,a
353I per cent against 1914 last week p'du'"u- -,
spec.e in full from the deposits. the legal ',''.'
against the remaining currency deposits ! - .',s
cent against 22.Is one week since Toe eoi"i'''''
totals are as follows: ,.s,,,ree.
49, loo s2s@il 500 Ieersa's i, ss,Ss
fr psS;nr: 4oIs ,igc5 9So56 in,re e5s 40
sg@i' 25.@ g 3SS 4 ilS5i5SS B fsi So
The following shows the relations between wv
reserve and the total liabilities -.
% tenders. t: 5 'as555S5 H; 2s
Total reserve. So i3S,2oO slGlO2OO Dee ''-'''''
Reserve required ...,,, go a.. ......''
Excess. ~ reserve
o9t,.mruts ci7sl 500 23,s3I2cj Dee. ST.
IA, financial circles the principal features ' we w
ending with to-day the further sharp d''. =,
ia, gcli premium to 1913. and corrospo"""N '''P m
t,e prices ~ Government bond, tie MOVING '','
bath instances being The rtInor that Presidoh' '
10 recommend resumption Of specie pa!in''" -.
early a day A. March l. Later there was some
Gold selling at lo5asalOjl2 and United s''"s - -.
issues reglining laa2l peg cent southern s'''
were generally nrn on light offerings the Disi''
Columbia Boss being especially strong al ~ 'N -
est Railroad bonds have been only moderately 80 49,,
liant strong for those Of undoubtcd character "b''
declined with but slight pressure 70 sell an
rle Stock specnlation for the bull account h't vs."
a check during the week, and prices eeneIf'iy arc
thnu AT the commencement. western O"loh u" II
market In amount OF transactions, while th' l1rN =,
fluctuations were from 76lea75N477 G13's TO ~ -
is understood that the programme set down 'or '.'
IN. week is 10 be revival VI the old story vi