New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-26

G3.151 $50 in gold certificates went Hto 'ho
Treasury last week, and S3,57O,OOO in legal
tender certificates, and that $2.317,59O In slI-
yer certificates was drawn out, probably Tor
transfer to interior points where banks Wlshea
TO strengthen Themselves, and SS,SO5,O92 III
legal tenders. The Treasury gained ", l04,49z
in gold and .B34S, 730 in silver and there
fore put out notes and certificates exceeding Its
receipts by 81, S87, $50 The decline in bonds
at times Of pressure during the past two weeks
has not been due to any alarm about their
value but simply to the necessity OF raising
ready money at time when holders oil bonus
could realize on them with less loss than on any
other securities. Closing prices for per cents
are only 2l4@2i2 cents below prices three
weeks ago.
The liquidation in stocks at New-YOrk was
accompanied at Chicago by the closing OF the
great bull speculation in wheat, which has
rightly been regarded as blocking the way to a
revival of business. If, as reports say, banks
forced this liquidation by refusing to loan on
wheat any longer in such amounts as were
asked. it may be asked why they consented to
check the export trade some time ago by max
inc snch loans. While wheat declined during
in less degree, the change in pork and lard was
small and cotton, Notwithstanding very Sni'ii
rpceipts. was comparatively steady. The news
from growing wheat in Texas and ON the IA
cifc Coast is extremely favorable, ana inc pros
poets elsewhere are decidedly good thus tar' VII
has been generally weak during the past Tort
night but rather because OF the cost Oh carry
ing and the difficulty Of eflecting loans IMAM
b cause of any change in the production. FL
uanciaI uncertainties have caused a disappOnt-
ing trade in dry goods, but it is gratifying to
observe that very satisfactory collections are
generally reported by iobbers The proposal
TO close the mills at Fall River does not seem to
have been successful.
Buying of securities by investors, both at
home and abroad, still continues, but Is not OF
such volume yet, compared with the sales re-
suting from speculation, as TO take the control
of the market entirely from the wrcckcrs. Some
of the high priced stocks, which have shown
no signs of failing to pay handsome dividends,
were forced downward quite as much as sccurl-
ties Of less desirable character. On Friday, at
one time, the average price Of forty leading
securities was only 1913 81, the same securities
having sold at 81 81 in February last. But,
though tbt lowest dFcIdSc lOi 9C' VA ~
thus reached by depression OF the most Valuable
stocks. it appeared that strong parties were
steadily buying. Mr. Vanderbilt made Prov
sion TO take the control of Jersey Central on
the market Boston books showed the owner
ship of 57,374 shares of Union Pacific, the
largest amount ever recordedthcre; purchases
of Western Union and Missouri Paciiic in large
amount caused quick recovery from the lowest
prices and it was evident that, whether the
speculative raids were over or not at all events
the supply Of good stocks in the Streethad been
perceptibly diminished by purchases for invest
ment. There were many signs, too Of the clos
ing of spcculations on the " short side.