New-York tribune., 1879-03-10
PErLrLNG RTNLNENS.

Of poIitIcians at Washington are the proofs
of actual revival OF business. FOR even
the Greenbacb leaders admit that gem
oral nrosperity would speedily deprive
them of power to move voters by
tbeir complaints, and Democratic dema-
eocues who have committed then YES
beyond recovery to assaults upon the public
faith. know full well chat, if the genuine
prosperity which Republicans have piedlcied
follows the resumption which kcpuDhcanS
We achieved the people will turn and rend
the false guides who have tried to drag the
country back into the miIe Of imitation ana
di,hoDor.
The exchanges through the New-iork Clear
inc Uouse last week amounted to %Jol'32l,-
27O. against $37I110,111 during the INST
week of March, 1875. 1t will be said that
the increase was largely due to SpcculaticnS
in stock. and in fact the sales OF stock Last
week amounted 10 1,OGO,2l6 shares,
AGAINST only G9G,99G shares during the
corresponding week last year. But after
dcductinc from the exchanges more than
double the market value Of shares sold-thus
allowing for every such transaction exchanges
for more than twice the amount which can
have been paid-thcrc remain exchanges oI
1895. 100000 for the first week IN March,
1879. against 1907, ,OOO, 900 for the same week
in 1873, "a gam Of 2Si2 per cent. TINS symp-
tom wOrld be Of little importance il 10 were
isolated aud exceptional, but the increase ii
exchanges here during the whole month OF
February, after deduction of the full par
yaluc-more than twice the market value
Of stocks sold, was III pr cent. The in
crease at Boston, in comparison with Feb
ruarv, 1878, was 1G per cent; at Phil
adelpAia, G.S per cent; at Chicago,
7.3 per cent; at Cincinnati, 54 per
cent; at San Francisco, 40 per cent; at
st. Louis, - per cent. and at Baltimore 90
per cent. The increase in aggregate pay
ments during the month at twenty-five clear
inc houses, after deduction for sales of stock
here. was lis per cent, notwithstanding the
decline in prices during the past year, and
this gain was steadily increasing in ratio from
the beginning TO the end Of February.
Railroad earnings, if fully reported, would
afford very correct indication of general
activity in business. The reports made public
regularly and promptly do not include many
of the most important roads, but they make a
very favorable showing for February. Re-
turns from eighteen roads lave been
published for the entire month, from
six roads for three weeks, and from some
others tor half of the month, and the agerc-
gate, notwithstanding heavy loss on the
Minnesota roads on account of comparative
failure of the last wheat crop there, and
on the Canada roads on account Of the
success of the other trunk lines in compcti-
.f..s 40 !. -
AGAINST 50, 397, ,0J7 for the same month in 1878.
The gains on the Atchisou, Topeka and
Santa Fe, the international and Great North
cru the Central. Union and Kansas Pacific
Roads, and the Wabash. were especially
heavy. Report, Of tonnage and Of the grain
movement also indicate that the great trunk
lines are doug an extraOrGinaTy business 1t
was stated by President Jcwett on Thur
day, in committee meeting, that the
traffic on the Erie had been larger
in February, though the month Was e short
one, than in any previous month III the his
tory of the road. The fact IS also publicly
mentioned that this company, since its change
OF gauge, has fould reason 10 order 5000
new freight cars, All increase Of over 80 per
cent III j. equipment. Very large orders
Of new cars are also reported by other
trunk lines. The trade reports OF this and
other chief cities also show conclusiycly the
enormous increase in traffic. A. Baltimore,
for example, the receipts of wheat in Febru-
airy, 1879, were go per cent largr than in
February, 1878, the receipts Of corn 20 per
cent larger, of oats 90 per cent larger, and
of rye 115 per cent larger
The activity of foreign trade is another in
dication of brighter days. The reports Of
imports and exports by values are liable to
mislead, unless the sharp decline in prices
both here and abroad is remembered. The
aggregate imports of dry goods and of other
merchandise at Now-York since January /,
have been as follows:
1879. l5I5.