New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-07-12
MONDAY, July lip. ".

Gold opened at 285, and sold down to PSI,
and back again to 2s5 closing at 2soi o'clock The
market has been feTersh Stocks have been irregular
and steadily tending downward. There is no 6isposi
ton to buy for advance at the reduced quotations
but on the other hand renewed inclination is noticed
b close out by bu operators and 10 retire upon their
6resent losses Government Securities the strongest
bpon the list and sold sparingy in proportion 10
HE rest Of the list. The closing prices vere' n. Y.
bentral 1874; Erie, 49, Hudson l20 Reading 1914;
Michigan Central l39; Michigan Southern, co. Illinois
Central 1924; Cleveland and Pittsburgh 1884, Toledo
1So; Rock Island 1921; Chicago and North Western,
Soi; Pittsburgh and Fort Wayne, no.; Cumberland
Coal 81; i
{, The new Secretary of the Treasury has been
waited upon by leg number Of financial athoriies
and has created on all sides confidence No plan
has yet been suggested by him win any be proposed
sntil be has fully made himself acquainted with the
opinions Of the financial authorities Of the leading COM
eercal centers II is however, known that he comes
10 borrow. and the existing money Of the country
instead Of attempting to carry the Government by
Que bs of hourly decreasing value. 1t fnay realized
that any increase of circulating money, disguised by
Bearing nominal sma1 interest would be calculated
90 currency panic, and put the Treasury in
worse condition than ever. What the Government
wants is the of the existing money Of the country
which is not only ample but in Of Mr. Fessen-
D. .hens wants. large as they are The only process
by which the Treasury can be kept full is
y by borrowing at the highest rate allowed by law,
and putting the Government credit squarey in eompe
fjtion with all minor eIedits. until spectators. who
now obhge the Government pay them four prces for
army supplies driven bankrupis from the street
They already losing and the borrowing Of
eo 600 900 at the best rate offered win complete their
ruin and restore In great measure, yalre of CON-
tnodities 10 something like natural values The Stock
market always sensitive foreshadows return 10 loans
and is heavy at lower prices The hint should not be
host and loans should be persisted n regardless OF toe
complaints Of gamblers at the expense Of the notion
lsys Freights moderately active, and rates are
unchanged. The engagements 10 Liverpoo; 22.ooo
bush. Wheat at 3d. and per neutral 800 bbls Flour
16.ooo bush Wheat I'D; $50 ties. Lard, l5s and per
steamer 1000 boxes Cheese lOs and 200 Boxes Bacon
e5s, TO London. 800 hhds. Sugar Dos 30 tuns Sperm
Oil 22s. Cd; 1900 hbs FlcQr Is 4td OILS I'D and per
steamer, 500 boxes Cheese 35s, 100 boxes Bacon 30
and 1000 bbls. Flour Is. cd. To Glasgow. 80 tcs Beef
g. 3D. A Norwegian bark vas chartered TO Cork and
- market with 1900 bbls PetrOleum, s. Cd. and 10
Per cent additional II 10 the Continent and brig to
Bristol and beck, 2, 900 bbs., on private terms.
b.. Money is active att ~ cent on cal. upon best
collaterals. Commercial paper ses at high rstes-l5e
1s cent annum for produce paper being an ordinary
rate. There 10 no confidence in produce 1t present
quotations and there is daily less desre to buy paper
q Of this character go
ah The Chicago and Alton Railroad earnings for
) ne frat week In July were, = '.5,. '. r.
1884 ..........sS,ls2I 1859 ...."...aasTss
- increase. ....,........'..'"$lOS'9
s9v Tho Cleveland, Columbus and Cincinnati
Company wifi pay August l. regular dividend olive
cent cash. and extra cash dividend Of three per
cent ~ .fiEoI - sHiirJ
The Merchants Insurance Company Of Hart
2fofd Conn., wilbpay sentaulosl dividend Of six per
IN cent Az l,fglOg ~ JtlrtJIiYt II
The City Fire and the Fire and Marine In
,spraace Company OF Hartford, Conn. have each de.
clared semi annual dividend Of five per CENT: o 81
9israThe New-Jersey Zinc Company will pay, LIST
August, ssemi,apnpsl dividend Of 4 y cent Il
90, The Hope Fire Insurance Company will pay
on demand semi,a'.i dividend Of y cent. free Of
The Bank Of Kentucky viii pay on demand,
% sttSe Bank ofAneSlea ssui arhh al dividend Of "
s sent 70 saiia'rsf ~ D. i-evC s.si, ola on
sos Tie philadelphia NORTH Aineieda notes an I'm.
portantrsroad meeting at Eric City, ThOs SCOTT Of
tbo, PennsyiraDia Central, Dean, Richmond u TIE 1
. Tew.York Central and DR. sreater OF the ilCreek
Road were present II was decided 70 sell the latter
10 the two former companies. This will change the
Oh Greek TO the narrow gauge, and connect the oil
ye9ion directly With Pbjla1sfnlIa and New York; the