New-York tribune., 1878-04-15

by the withdrawal of leeal-tenders. That would be
real resumption accompsnedm IN 10 an easy nnc n,,u
would be relieved from that uncertainty Wnlen Is
inseparabe from the claim of the Governments right 70
make anything but gold and silver legaltender. SO
long it is admitted that the nas Sach ia
degree OF uncertainty which removes them only Ut
tie from speculation. The volume OF " money neees-
sary TO transact 1.-THE business OF the country will con-
nne 10 he a subject of constant legislation. One Con-
gress will think u requires $500 0OOOUOO OF
ders, another 100000, and a third may thinK
that S1OO,OOO,O0O is TOO much or that $1,000
100000 is too little, III these views are Thought
nv some to he imnraeticabe it because the country
is afflicted with Congress which learns nothing by eX-
by debts ana not by the sweat Of the brow.
The speculation IN stocks to-day embraced n broaOer
range OF securities than of late and there was pretty
general advance through the list Much talk of speeu-
equalization Of gold and greenbacks IL was claimed
prices must follow In view Of the fact that the banks
for long time have consisted OF large Pro
portion Of specie which has been USED rs Dass lOI
loans, to nearly fun extent as the law VIII permit
il does not worth wne to discuss TINS phase OF 'e
prices on account Of the decline in the gold premium
observable the speculative markets at the corn
Exchanges either in Chicago or NeW-10rk lnuGh
sOunder reason why the prices of all western STOCKS
should be maintained, and why some should advance nee
considerably more, may ne found IN lhe business Iio
DOING presented by the receipts OF produce
at Chicago and Milwaukee In comparing tne reeePtdi Pd
OF wheat Tor this year with those OF last yea II sbou m
be remembered that the comparison ls inaae VIII an
almost unprecrdenedly poor seas3n W9 III resaau IA -
For the first twelve days oil April, lS| lhe reCSIPs W
Chicago and Milwaukee were l,lJOl0 busncI
against 21O74s bushels for the same time IN 10. anu
against $40 bushels in 1876 Tde receipts OF corn
for the saur time in 1878, 2,152969 buslels IN
1875 295 26S bushels in 1871 and ol7Sso bushes III
1876. ,,..
lose their positions leaders Of the market because 0
not making greatest advances Of the day Iher re-
cent strides had rapid that those intefeseu III
them well could afford to be satisfied Win less progress
while some Of the aggdrds were making up Iorlpsl ne
Northwest preferred to-day advanced from rs 10 80
but ST. Paul preferred did not pass 727sG724 ROCK
Island on q small business rose to 1854, ana cI0scu
strong The other Western stocks were STEADY OF uh
AZ quotations without sales, Chicago ana Amou
beng at 73ls bid and none 9heied., - me ne
transocll0Bs in Lake shore large and at prices up
o 675s the reason for the rise must be discovered
elsewhere than the low rates at when the company
has bcep doug business since January l. or III lAe com
petition by for the next eght months Mehlgah
Central got up 7Ol ON talk OF contest IOr an etC
fon of directors We have been unable 10 obtain the
earnings of this company for the first week IN April ana
are led TO fear that the management has again Dack
sdden from It's commended course OF iast moh!n' bS
cause of returns which snow decline ID recepts vi
NeW-YOrk Central there not sale. Erie was MN
M l3s Ono and Mississippi first declined TO ~, Dn
later lose TO 114lO4 on IA widely Circulated point
that The recOnstuctlOD committee Iad feacheu cOlh
promise with the Springfield bondh0dcTs. Ihe tutD we
heeye il thar tie original scheme has been modified so
as to be less Objectionable, Dut IN Wnat hhher II 10 "
mpat any value TO either class OF stock Is uncertain
The sDecuatOrs in the coal stocks took courage from
the strength OF the general market so Ih III Tue hti
mart of the day the price Of Delaware LackaWanna ahd
Western was advanced per cent, and OF Delaware ana
Hudson u per cent Morris ana Essex STOCK rose 10
go, and MOI without reason the suppusitlon tha
the recent egOtaOn by the Delaware. LackaWdIna ana
tine payment OF the dividend que the MOTIFS ana
Essex on July l. Western Union and the Other mis-
cellaueous stocks were dull and without feature. 1Ao
market closed DuOyant.