New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-07-12

TUESDAY, July ll--P NJ
Gold continues strong AID closes at 1894. The
extremes Of the day have been 1900 1899. The
customs mike steady drain for cash gold, and will
continne 70 10 so for an extended period
Government stocks are strong and in demand
with sales of the long 6s ct lot. For the First and
Second series Of 73o notes. par was paid, equal to
thebuyer to 1904, including the commission. Bank
shares are strong and Fourth National sold at par.
Quicksilye Mining Company was strong and
wanted. Atlantic Mail rose to ]5S. Railway shares
were irregular, and at the Stock Exchange low quo
tations were made, the market weakening as the
call proceeded Upon the street the market rallied,
and buyers are ready to take anything offered at
large advance. The closing rates were: New-Nork
Central 9GI; Erie, sO2; Hudson, llll Reading 99ii
Michigan Southern 66s Cleveland and Pittsburgh,
COS ;North-Western Preferred 64l Fort Warne, 99i;
The feature of the Share market to-day was the
decline in Enc Common TO IA upon the rumor that
scrip dividend would be made. So sensible
step ought to put tho stock up It's permanent
value would be much greater under the issue of
$685. 900 of new stock to represent the income OF
the past six months than under any fnancerng to
pay cash dividend. scrip dividend sold at rs
would yield in cash 81 per cent, which is more than
the holders of New-York Central viii get upon
stock selling at &C. 1t is understood that the six
months shows a per cent profit, with a fnan-
cal position better than stated BY its officers in
March last, end it needs nothing but good manage
ment to place its stock, in the opinion ofinvestoTs
with Pennsylvania Central and New-York Central.
The Eric direction was grossly negligent in cot sell
ing its Construction Stock at 25, but it Geed net
add to its financial reputation by selling Ii row Rt
anything like 70, in corporation which has earned
gross in six months $4,000. The Directors
meet tomorrow "Wednesday and will settle the
dividend.
Money is abundant Is ever at las per cent on
call, and in many cases 8 per cent has been
accepted. Commercial bills are 81 az per cent. A
report was spread this morning that the Treasury
intends 10 call suddenly large amount held - the
National Banks. No call will disturb the market,
and very short time only will pass before 1t is all
back again into the commercial centers, and call
loans more abundant than ever
Exchange is quoted as follows: Bankers Sterling,
60 days, lO9alO9ii Bankers Sterling, days, lOsa
all0; Merchants, IO8SlOss Francs, long date,
5.l7ia516l Francs, short date, 5.l3i.
. The business Of the Sub-Treasury was; Receipts,
n 1898 - for Customs, 1891 ,OOO Payments,
AZ s43 ZIG 69-on account of Loan, $685. 900; Bal
Ance s4o9, iS7, O67 Is.
Freights are heavy. The engagements to Liver
pool per steamer are 200 boxes Cheese at 4os, and
500 boxes Bacon at 25s. To London, $50 bbls.
Flour on private terms. To Bremen, 400 cases
Tobacco at IS. Cd. lis. Cd. To Hamburg, 100
cases Tobacco on private terms.
There is brisk demand for dry goods of all kinds
and prices tend upward. Some styles Of imported
fabrics have been inarkeed at fifty per cent profit,
and were scrambled for at that rate. The stocks
were small, aud business is only limited By the
want of something to sci . The Autumn trade viii
be early snd large, and merchants, city and coun-
try, feel an unusual degree Of confidence IN the
future
The Michigan Southern road reports the traffic
Tor the first week in July at $1,000 over 1864.
Mr.. w. II. Osborn has resigned the Presidency
of the Illinois Central road, and is succeeded by
Mr.. Douglass, the late Vice-President. The labors
Of Mr.. Osborn in behalf of this corporation have
been of no ordinary character, and have been
crowned with eminent success.
Subscriptions to the 100 loan received by the
First National Bank amount 10 $500, 600 The sub
scrptions received this day at the Fourth National
Bank 10 the 80 loan amounted to 81 100000.
The aggregate amount of exports Exclusive or
specie) from the port Of NewYork to foreign ports
forsthe week ending July II, 1855, was q, oC3 $685.
The directors of the Illinois Central Railroad
Company have this day declared dividend OF ~