New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-08-16
THIRD CALL 20 O'CLOCK p. VI.
FRIDAY, Aug. 15-P. VI.


The transactions of the Sub-Treasury during the
week ending to-day result in a gam to its balances
of SG33 $780, but this sum does not necessarily rep
resent the amount that the associated banks have
lost during the week 1--WE mean the actual loss not
the one that will be reported in tO-morrow's bank
statement as the average) by payments into the
Sub.Treasury, because it may have happened that
the banks have turned in certificates OF deposit
for portion OF their payments in liquidation of the
4 DER cent bonds. Such a method of payment would
not affect the Treasury balances while the amount
so paid would be actual loss of lega-tenders to
the banks. But this small gam by the Treasury
does show that the position of the banks has not
been aided during the week by the Treasury pay
ments and therefore it is probable that the figures
Of to-morrow's statement will show very nearly
what was the actual condition Of the banks week
ago.
The stock speculation was in a whirl of excite
ment during the whole week. because of rapid
advance in prices in the early part and more rapid
decline in the latter part of the week. The total
transactions amounted to 1887 1886 shares, against
$50 $50 shares for the preceding week and 1,l72,-
2sl shares for the week preceding that. The prin-
cipal business was done in the following stocks:
Lake Shore 400 900 shares; Northwest common,
1920 shares ST. Paul common, lo20OO shares
Delaware Lackawanna and Western, 14S,2OO
shares and Western Union Telegraph, 97SOO
shares total for the five stocks, 1,l1l,6OO
shares To state that the majority of the list
closes tonight at decline ranging from
8, to per cent gives only FAINT
idea of the fluctuations during the week, but 1t Is
made clearer by using a single example as an Illus
tration Of the course of the market. Lake Shore
records final decline from week ago of only ia
Der cent bur in the meantime IL has advanced 4Si
Der cent to 90 and fallen from that point 9's per
cent TO s3ls and ends the week with rally Of g
ncr cent at IS. The early movement OF the
week was stimulated by the circulation OF all
manner and kinds of speculative rumOrs which we're
calculated to create an excitement IN tho MARKET
Nevertheless those rumors would not have pro-
duced the results had they not been aided by the
ingenious manipulation of leading spectators.
Tie later decline was partially due to more active
money market which toward the close assumed pos
tive strugency; but probably the chiet cause OF
the decline was the large sales made by the same
persons who had engineered the RISE uhtI Tue mar
kct toppled over of It's own weight =,
There were, however, exceptions 10 Ihe genera
rnle. and the following stocks advanced 81 Louis
aud San Francisco - Metropolitan Railroad ana
limited States Express each y Pacific Mail q
Adams Express Wells, Fargo q Co, Express
13a; st. Louis and San Francisco preferred z; Man
haitian Railroad 3 (; New-York Elevated 4 l2 and ST
Louis and San Francisco first preferred o'o pei
cent These advances, however, do not represent
the highest figures OF the week.
WEEKLY RANGE or PRICES.
For the week Closing No shares