New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-05-28
! O'CLOCK IOAkp.
Rosfon Water Pr Reading.
SATTRpAr. Nav 96-P. N


Gold is not so firm under the European aiSces and
closes at 1881 after selling at 1906, The export ofth
week from this port has been follows CRY Of New
York s3926,626 per Bremen, sO03 i02; per Bavaria,
s1OO 600; per City of Dublin s1Oa3i6; per Virginia,
$4,000. Total, $G,l@,3i. The total shipment from
this port for tho week will amount to about sl,0OOOO
Government stocks Of all issues wcro higher under
theseamers news In State stocks and Railway mortgages
moderate ,aes full prices. The small stocks were active
Boston Water Power selling at 46li Maposa Preferred
in demand at 23i Railway shares early Ill the day
were low Erie under reports Of lower prices in London,
sold down 10 Gel but soon rose ISL At the Stock Ex
change prices were rmer with good demand Cleveland
aud Pittsburgh sold as high AZ sSi. After the
Board the market was active and firm on all
stocks but Erie, which sold down to t'li
Michigan Southern sold high as 30; Ceyclahd and
Pittsburgh 90i, and the whole market Closed firm at
quotations. The closing prices were; Canton sol 59li
Cumberland Coal 45,a4jai Quicksilver, 5as5ii;
York Central, %: a95i Enc, 67i a67i; Hudson River
Il3all3ii Reading llOi ellOi; Michigan Southern, ~
a79i Illinois Central Scrip, Sl2O; Cleveland and Pitts
burgh, 9OiS9I; Western. 2sI elSii Northwest
ern Preferred 5sia5sl; Cleveland and Toledo, lOIl a
1914; Rock Island eii a9ii Fort Wayne, 97a97l; Ohio
and Mississippi Certificates. PSI a2si.
Money 10 easier and call loans quoted at 6s7 per
OF Monday win not be favorable but it has wholly lost
its importance affecting the market money The gold
has all been paid for and there has been made at the
expense of the banks accumulation In the Sub Treasury
Of legaenders and National Bank notes. which will soon
be ped and placed at the command Of borrowers. The
Treasury is in condition TO retire currency, and
only pay its temporary loans for the presen-a process
the reverse Of contratton, far the local money
markets arc concernsd. There is Little doing IN CONNER
cal paper and best short bills pass at 6G6I per cent
The proposition of the Treasury Department to establish
"a Sorting Bureau for National bank notes attracts con-
siderable attention, and its effect upon the money market
il discussed II 1t is intended to make general demand
upon banks which in the opinion of the Secretary hayss
too much circulation but result follow, and that
Q contraction Of circulation, with widespread liquidation
and good deal Of commercial distress. The plain legal
tenders are so much preferred 10 National bank notes that
the anything like counter redemption is insisted
upon many National Banks will be forced TO wind up and
sell their Government stocks. AS selling any large
amount Of sos is the last thing the Secretary desires
bring about while his five per cent funding scheme is in
abeyance little fear need be entertained of any vigorous
sorting Of currency and redemption in geenbacks There
is good deal Of conservative talk and from the
Department but it's whole action is in the direction of ex
pansion with small prospect of change before the meeting
of Congress.
Freghts are dull The ship Southampton was chartered
from St. Johns TO London with Deals at Cos.
The business OF the SubTreasury was Receipts, S.,
$780, 1873 2i-for Customs $jl2,OO0 Payments. $780,,
25s 6i Balance, $ilI OBJ 47 10; Gold Notes $4,000
Mr. Eugene Dutilh has been appointed Vice-Presdent
of the Phenix National Bank Of this city.
The latest correct quotation of the Union Bank Of Lon
don is 4s FOR els paid IS per cent premium Tho quo
taton of the City Bank Of London is 81 premium on SO
paid, or l55 for 100.
Attention is called to proposals for $lOOO 900 "New Aque-
dlct Stock" bids for which will be opened at the Con-
trollers Office Tuesday, May %, at O'Clock p NJ
This stock will bear interest the rate OF 6per cent pay
able quarterly and the principal will be redeemed on the
1rst day Of August, 1881, from the sinking fund.