New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-05-11
OPEN BOARD OF BROKERS
THURSDAY. May lo-H. N.
Gold closes at 1921 a 1921.

Gold closes at 1921 dl29t.
Government securities continue strong and in good
investment demand not only from parties desiring per
anent employment for capital, but from those having
balances for which they can find no profitable use All
Government stocks now selling at prices six per
cont interest cannot be readily made in currency without
buying the gold-bearng debts State stocks, Railway
mortgages and Bank all strong and holders of
sohd investment securities not disposed to offer them
The Railway share market is irregular. For Michigan
Southern and Cleveland g. Pittsburgh an advance
Vas paid For the former the demand was
aetye under reports of largely increased traffic the
6t week May. Erie and NewYork Central were barely
steady. The latter paying only per cent dividends,
now selling its full value investment Erie is neg
icedby bulbs and he alike. The small stocks steady
Al the Second Board the market was lower on Michi-
gan Southern and Cleveland and Pittsburgh and steady
On the balance Of the list Rock Island sold at g. The
market closed very dull at quotations The closing prices
were: Canton $50 a5Si; Cumberland Coal, 45t a45l;
Quicksilver, SO So Marposa preferred 243 a2i; N y
Central 92 092I; Enc, 49, s73s; Hudson River, lO9ls
no Reading lO7! l07i Michigan Southern 783 S7Sii
Illinois Central Scrip 1915 l2ll; Cleveland g. Pitts
burgh So as3i Cleveland and Toledo 1914 alO4i Rock
Island s4i 394 North Western, 29i a2el do preferred
eOA a60i Fort Wayne, 20! a9)i.
Money. on call is abundant at 4a5 per cent Prime
commercial paper scarce and short dates be used at
5} per cent for good, 07. The flow OF currency
nom the West les and the season advances, still
lower rates on call loans will be made all long
ments are avoided.
Sterling Exchange is lower and 1891 the quotation for
bankers bills.
The Tines says:
The holders OF Tennessee bonds receive their
ssarsge interest since 1851 by forwarding the overdue
coupons 10 the First National Bank OF Nashville bond
State Of the old bonds provided the
coupons e GOO II they are short OF that
sum they Nashville for 20 cents the dollar.
cash probable also though not authorized to
fact the July 1896 will be cashed
ct the time by the bank Nashville OF the prompt
Daynen Of this coupon maturity have no doubt and
gratifying nearly all the Railway companies to
whom the bonds Of the State originally loaned viii fur
their respective interest 1t
hode the old bonds Of the State 70 send them out
% Nashville for eIaminsto5 only overdue coupons are re-
oaired 70 BE- forwarded
The First National Bank Of this city has made semi
annual dividend Of 10 per cent and added 10 per cent
more its already large surplus and has still undivided
II per cent mo... This bank has open with
Barring Brothers Of LONDON, is buying and selling sterling
exchange drawing it's own bills at 60 days. &C.
The transfer books Of the NewYork State Bounty Loan
Wn close on the LIST of June.
The Pacific Mail Steamship Company has taken Offices
IN the banking house Of Brown Brothers Co. This
building the substantial devoted toconmercal
purposes in New-York, and worthy the firm that will
occupy il.
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