New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-05-26
Friday. MAY 25-P. ".


Gold s strong and has been much excited selling as high
sl4ll and closing at no. The rebound from the low
ouoatone attempted to be maintained by taes from the
Goyernen, hoard has attracted fresh buying from the pub
he and the telegraph briggs orders from people
shoarue that the market having escaped the control Of
the Treasury is likely touch again the rates Of The closing
months OF 1868.
There was large business in Government stocks at
higher prces 52Os of 1862 rose l0i0s, !, and 73s,
}a3 Railway mortgages sold more freely at full
rates. The small stocks were active and higher Canton
rose Boston Water Power was in demand at A. cash
and sellers option. The Comnany is in condition 10 de-
olare regular dividends, and is stated On competent
authority, that one will be paid at an early day
bariposa Preferred in demand at 23l an New
York Central was strong, and sold at 9li There
we large business in Erie, which is heavily
oyersold, and as high as Gsi was paid Hudson
River brought ll3 Reading llOi, aid Rock Island 49,
1boe was general demand for stocks from operators
who sold under the money panic ard the business Of
the day was larger than for Along time AT the Second
Board the market strong, but reacted closing steady
n quotations Ohio Certificates 2s lS}; Canton 5si
81; Cumberland Coal, 454al5i Quicksilver, 53dj3li
Manposa III al2i; Maiposa Preferred, 49, a@3ii New
York Central, 9ia9i.; Enc, 67ia67ii Hudson River,
I2b0ll2a; Reading, ll0all0t Michigan Southern, 794
ae Illinois Central Scrip lI7l dll&Ceyeland and Pitts
a
Island 49, a939; Northwestern, 2sl a2si; North West
sJD Preferred, 57ia5,i; Fort Wayne, 96a96l
Money has been in sharp demand q; per cent and this
nate was allowed readily loaned stocks. The pressure
vM lot SO great yesterday but the market does not
get chow signs Of returning 10 low rates, nor can
much abatement be expected until further adces
ceyed from Europe. The Secretary Of the Treasury has
lost the gold which has kept speculation in check, and by
lts sae has converted large amount Of dormant invest
nents in the form Of certificates, into active circu-
lstne money, for which there is 10 use, except in
sbor enterprises such are popular in Wall-st
In the absence Of further adverse news from
sbroad there appears 10 good reason why CAPT
isl for speculative purposes should not be very abund
ant 6. low rates In mercantile paper little doing. For
beet names per cent has been taken. No one 10 Wast
ruppose that there be any proracted tight money
market until of the hundreds Of millions of currency
created for purposes has been retired None Of this
currency whether in the form Of Greenbacks Ma
nona Bank Notes. is in danger Of being exported but is
sure to remain within the United States and find employ
uent in GONE form The Treasury hopes to borrow for
% years on five per bond but thus far II shows
no inclination to take that direction. The
Secretary will probably push his five per
cent scheme and, to stimulate funding, pay Of enough
Of floating debt ill any bank any avenue of com
Do5oe with irredecmable currency. lie viii give new
teor 70 many Of the speculative schemes so active dur
ING the Rebellion and before much currency goes into
i've per cent loan prices Of local stocks and property Will
probably sell good deal higher than at present
Exchange quoted follows London prime bankers
o. dsvs 1921 1924; London, prime bankers sight ilOi
lio;; London prime commercial 1851 Paris bankers
pe 5I3l a5l2; Pans, bankers short, $40 d1OSi Ant
vsn SIS; Swiss, SIS; Hamburg, 81; Amsterdam, AZ
r. Frankfort III 42 Bremen 70. asO; Berlin, 49, a7i
The business of the SUB Treasury was Receipts, =,
ue 23 49-for Customs $4,000; Payments. $780,
tQo; Balance, Gil 695 III 50; Gold Notes. $365,OOO
The Assistant Treasurer is prepared to redeem COM
pound interest notes at par and interest.
The Merchants National Bank has declared semi L.
pus dividend Of cent
A telegram from San Francisco dated May %, quoted
soehs as follows: Gould & Curry $50 per foot Savage
ee5O Der foot; Chollar Potos, $500 per foot; Ophr
t15 yer foot; Hale u Norcross, $3.50 per foot Crown
POINT 100 per foot; yellow Jacket, $3.50 per foot
Becber $500 per foot Alpha, $l75 per foot; Imperial
AIS Der share; California Steam Navigation Co.. 81 per
sspt: Californis State Telegraph Co., "a per cent
the Chicago Tribune Of Tuesday afternoon says;
T ssrsapd for currency day al the various discount
horsss Va, more active bat the money mafet hI wen
"aeS and il remains easy at 10 cent per annum for
sg rs.es Shipments Of produce active ana thpphg
Fms are Increasing Inferior Paper Is generally Teecen al
nj n Is by private bankers and street brokers
Al aI Ger cent per month. Long notes on nsoe ieA ethe
,e more active than formerly and rates are easier rome
transactions have taken place within Few Gays al
sor seDl ~ jus s0Dsp VI Ess'Ih eiehshss va