New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-05-09
TUEsDAY, May e-P. NJ

osi has been very strong on the advance in Sterling
Bzehange opening at I2si sold at 1884, and closed at
J2esal294
Government stocks Of al kinds firm at quotations.
and investing parties steady buyers. In State stocks
End railway mortgages little done. For bank shares full
pnces are asked with small offerings The small stocks
ere quiet but firm. Marposa continues active and wanted
st ISL The coal stocks steady The railway share
market sluggish and quiet aday has not been noticed
In many months. Erie steady at 73t and Michigan
Southern IA There no disposition TO speculate in
any direction. At the Second Board the marketwas dull
end steady after the call NewYork Central was heavy,
and sold down to 9l The balance Of the list steady
at quotations Rock Island sold at 96 scrip dividend
Of per cent The closing prices Ohio Certificates,
$685.; Canton, SCI 05Si; Cumberland Coal, 45045I;
Quicksilver So 0555; Manposa l30l3l; do. preferred,
e4~24I American Gold 1881 l29i n Y Genital, 81 a
pll; Enc, 73 073; Hudson River 100. ITO; Reading,
1904 1866; Michigan Southern, mann; Cleveland a.
Pittsburgh 81 ISL; Cleveland and Toledo, iO4i lO4a
Rock leland 96i S96,; Northwestern, 29l 02s do pre-
Jared, COZ o6os; Fort Wayne, 99a as9i
Money abundant at five per cent and appearances ind'
este full supply Of capital at low rates during the summer
months in the absence Of unfavorable European advices
On commercial paper change The supply OF frst-cas'
bills 10 small and they sell readily at six per cent Short
atcsss bills are held at five per cent and for long time
hid and sellers June certificates at present quotations,
Gay about Al per cent.
The proposition redeem go 900 Of certificates Of
indebtedness is step toward securing money market
apoB which consolidated per cent can be introduced
On tho 18th instant the temporary loan, excluding the
CLEARING House certificates which should be paid off, will
DO reduced TO per and may be fairly assumed that
Treasury has reached the point where it has not only
seased to borrow at any price, but ready to reduce its
obligations. The future policy Of tho Treasurywil evil
IDENTITY put in circulation the accumulated currency
held by the Department The only mode by which in
ierest upon temporary loans DO saved is by using
The idle currency in payment Of this class
tf debt. The Treasury casing to be borrower,
end at the time putting in use large amount of
currency win obge moneylenders to find new borrowers
81 low rates which will fresh speculation in all de-
5artmeLts Of Chanting the success OF the
scheme for consolidated five per cent loan it bids fair to
te preceded by an advance in all existing Government
sioeks State securities Railway mortgages and sharcs
Endorsed Certificates Of Indebtedness higher under
the notice Of the Secretary, and they only be had at
anal commission under par
The Northwestern Road showed in April an increase
q $4,000 The May Business Of the Michigan Southern
Road promises to show handsome increase and beyond
she estimates OF its managers. ..
The first mortgage bondhodcrs Of the Mariposa Mining
company have agreed to surrender the coupons due PRIOR
July 1867 and take in exchange scrip convertible into
lands or payable in gold prior to July, 1867 The Com
.sny has reduced its expenses in Sew-York to nominal
smount, and is altogether IN favorable position
when iis common stock sold at S.
The Prairie du Chen shareholders met as per adjourn
s-nt Messn. Russell Sage L. p. Williams and Amy
70 appointed committee TO prepare list Of share
de for the use of future meetings. The meeting took
ess until the 9th, to give the committee time to pre-
"a lot Of shareholder
h'easo. burlington And Cu.cv stockholders have |