New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-08-28
OPEN BOARD oP BRoKERs-3 P. NJ.
MoSpAY Aug. PIP. N.


Gold is higher and closed at llsl The extremes Of tho
day have been 1865 al4si sale made sellers OPP
tion at 80 days. at Ii4I
Government stocks are again higher, and are steadily
passing into the hands Of investing parties. The old 52s
sold at the First Board l3b and have passed the 6s OF
1881 which are an undoubted per cent bond until ma
turiiy At present the New York quotations admit of no
profit upon sales London. The 52ls sold at lO9i
closing at D. M at 100 and 1874 1876 for the old ISSUE
The IO-ios sold at 1903 1884 or di premium excoupon
of September proxmo The 1905 higher, and after
the call lO7 al0 the rate for the First Series aud
lO6, 1867 for the others In State bonds and railway
mortgages no marked change. Bank stocks steady.
The miscellaneous shares irregular and lower
except water.Power, which rose u. The railway share
list was irregular, and as a whole did not sustain the
advance Saturday, though money offered IN great
abundance at low rates. Erie sold high 73l, and
closed at 73l. New-York Central was lower. Cleveland
and Pittsburgh rose l. North Western better for both
issues Rock Island strong and fayonte Wayne
was higher. After the call the market hardly 30 firm
AZ the Second Board the market stronger on Ncwfork
Central and firm the rest Of tho list AZ fraction I'M
provemcnt prices The market closed steady Of quota
tons: Ohio and Mississippi, 2g 02i Canton Company
5. 05.i; Boston Water Power, 3l.a32l; Cumberland
Preferred, EIaEii Quicksilver, so s5Oi; ManPosa
Preferred 26l 91I Western Union Telegraph 5'lS5si
sa~-York Central 1888 alO3i; Ere, 73l S73i; Hudson
River, llsiSiI9 RcalIBg, lI5l si5l; Michigan South
en, Sl asst Illinois Central, l21 al23i; Cleveland
and Pittsburgh, SIaS7i Cleveland and Toledo, 49,
Il6; Rock Island, 1881 0lIO; Northwestern, Mos l.
do. Preferred 6si a6SI ForWayne, 1861 9lO5l
Money on call IL abundant per cent, but the Dor
rover is in many expected TO take National bank
notes which are plenty the street and cannot BIO had
readily under per cent discount In paper little doing
Many buyers are disposed for the moment TO keep funds
idle and wait the effect Of moving the crops expecting
better rates The payments from the Treasury are large
10 day. and there is general desire not TO take the Ma
tonaI currency by banks IN the where ~
is for settlements unavailable.
The payment OF the temporary loan, except
Clearing House certificates, which are redeemable
in legal tender places the Treasury in stronger
poston than IL has held for long time, but IL
NAV not leave permanently the money market TO
the public Having nothing Of temporary debt to pay
Cor some time there is every to expect that the
Treasury will from its excess Of receipts expenses ae
cnmuste currency in its vaults and in that way have
conservative effect upon specuators Gold and currency
promise TO accumulate extent to be felt by borrowers
and the Secretary will be in position 10 take active
though indirect steps in funding the currency
debt. He will be able to hold the funded debt
at price when conversions OF currency debts into 1t will
bo constant and such amounts as to make 1t certain
that oil the 73Os will take that direction speedily The
Secretary has now power 10 dsbbe In Government STOCKS
and steadily get short into long debt and can make at
will an easy or tight money market by his manipulatons
Of the debt While he is working back TO specie as be
silently H. borrowers Of money will be upon unsafe ground
| The bank statement shows the following changes;