New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-09-28

''0'''' O''' 5Jo.. w. 81 5OO...".... 80
THURSDAY. Sept 97-P.M
Gold is rm and quoted at the close at las after selling
as high as li5i.
The stock market has been unusually active in all de-
partments with general advance in prices The tIan-
sactons at the Stock Exchange are greater than for
many months and well distributed. Old 52Os rose t. ana
73 on the first issue Tennessee Go lower closing
at 72I Connecticut 6s rose | per cent Railway mort
cages were firm and in cases higher. Bank shares
were steady Manposa Preferred sold at 32l and was ID
demand New-York Central was specially active, ana
sold at ll0I Erie continues firm, and sold as high as
IA and the Preferred at &c. 1t is understood that per
cent will be declared upon the Preferred from the traffic OF
1866. Hudson River rose II per cent Cleveland
end Pittsburgh rose TO sS3. The Northwestern
stocks were ell steady Chicago and Great Eastern was
active and sold at o. After the call the extreme morning
rates were not sustained but tho market firm and the
disposition to buy strong At the Second Board and upon
the street prices were firm, Erie selling at 75i Govern
rnent stocks were firm and 1O4Os sold ct 80; 1893 we're
steady at lO6 The following the closing rates. New
York Central ll0i 0llQi; Ee, 7ota Hudson River,
1911 l25; Reading ll6i0ll7i Michigan Central, l3la
ia; Michigan Southern, ST. ass; Illinois Central, l@2s
22I Cleveland and Pittsburgh, S9iSS9i Cleveland and
Toledo l2l Rock Island, ll2i l2i North-W estern,
3Gs a3G; Northwestern Preferred % 969l Fort Wayne,
l06; SlO7; Canton, 81 ass; Cumberland Coal 55i 1885,
Quicksilver, 5ii954ii Mariposa, H0lii Marposs Pre-
ferred, 3@I S32i.
Money is abundant at 305 per cent CALL In CON-
p,oroi.I paper best per cent good, 506,
AID long bills Of fair credit and above. Currency is not
in excess among the banks and legal tenders being
sent to the interior
Exchange is firm and leading are held at 1881
Z. "a ~ si, = nd
for short dates, 5c0o5Ei
In Freghts the engagements to Liverpool IS tuns
Mahogany at 5s. and per steamer 1000 bush. Corn at
AID and 1900 boxes Cheese at pos. To Glasgow per
steamer 1900 bush Com 2id; $1,000 bush Barley at
i'd and 800 boxes Cheese al 90s. The charters
British brig with 1900 bush Corn TO London. at Is. 3d.
and Prussal bark with 2lOo bbs Petroleum to Cork
for ORDER g. If 10 the United Kingdom Cs. 3D. if to
the Continent.
1t understood from the annexed letter that after the
current week issue q $50 bonds viii DO made in
change for August $50 notes.
TREASURY DEPARTMENT WASHINGTON Sept o. 1906
S You're OF tie 10Th hand AM noted The
June Jolly 1905 az present convertible Those Of
, ta SSg ~ ne S S b1T,asr @ 5e, YOU
ieresi from Jny and not ron Nay isS sn SIR very
70 J. THoxrsos esq, National Currency Bank, No Wall
That SLOWING al accrued n,.re,: the 30 and charging
erne interest shs 80 on July - day Of conversion 6osa IN
currency
This will make the new 5-2Os with interest payable IN
January and July the holder 1903, bought at l06
1917 paying as he viii upon each q 00o s. 80 difference
OF interest as against 1857 for 1868 to-day. BY this
issue the Department equazes its interest account and
instead Of boarding gold for six months will b able to re-
store 70 commerce. through frequent payments Of interest
the gold absorbed by customs duties. The issue
also be conveniently used to fund the 3Os of the second
and third issues and prepare the way fog speedy and
permanent resumption Of specie payments. No re- |
Sumption can be permanent which leaves tho De- |
partmcnt in danger of being called upon to pay in
currency he later issues OF 80 Resumption prior
the funding OF these notes might not break 520s par
below IT, but that contingency too serious Lot TO bs
carefully guarded against With the compounds ard 1905
funded INTO long goldbeagilg bonds resumption by the
Government is an easy matter whlteyc. may be the re-
suit upon private credit Ifdsaser occurs 70 traders upon
borrowed money and the horde Of dlers and gamblers in
stocks gold and merchandise brought into being by tie
issue OF thousand millions OF paper money that is
OF the Treasury When the legal ten iers we're
issued, it felt TO be dangerous bu necessary step
Warning then gwen to borrowers and from that day
to this through official documents and through the press
people have been told 10 beware Of settlement day which
nov closely approaches Tho interest Of tho whole
nation and of its humble,t citizens demand return TO
a gold basis who owe the least.
Small notes are growing scarce, and an attempt s
on foot 10 persuade tho Secretary Of the Treasury
10 prin, $50 500, $500 and A. OOO for small bills
The pressure for small bills Is good sign and the Secre-
ary will probably not commit tho folly suggested By the
expansonsts. Instead Of creating issue Of small
bills to give fresh life to spocgaions which are now halt
ing he should priat large notes and cancel al the small
notes he receives The money becomes scarce and
learer the will the price Of gold and commodities
shrink and be brought within the control of the reduced
AMOUNT Of money.
Earnings of tho Chicago, Rock Island and Pacific Rail-
road for the third week in September:
1866. O9i3 iS65. ...se5 Oo2 Dscreuse....eTO5s
The earnings Of this road include those from the
Mississippi and Missouri road about 90 miles in length:
The steamship Vile ue Paris, which arrived to-day from
Havre and Bres brings the following amount Of specie:
F. Cousinery, 270,90Oir.; VIM Scha & Co., 1871 00Ofr;
NJ. Morgan & Son, 1874 OOOfr Total, 65s,9Ooh
Subjonod is LIST Of lobbers prices at the HeWYork
Dry Goods Exchange Nos 40 and 81 Park-place
shirtinss-Appe.On A, 22ci Augusta, 9Oc Pitts
ield. Ice.
Beaehed shirtinss-Jame ooc Palmer River 26O Ports
Prints-MerrirDack W 2sc, Daniel lsic Freeman Islc,
I'm pire. 1910.
Hoop Skrs-Bradleys Dupex Elliptic SIZE to o. O5; En-.
)ress Trail. 81 PSI Meyers's IXL prices UNCHANGED
Shrs-J. W. l., Standard Dross No. 49, sJOj DO do, No
so sJ7 So
"a. gTfo.- IfH |