New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-10-18
.nn.,., HIM Gold Kim 4 Rnall

lOJO .bU oil ltOvD--. 81
"WEDNESDAY Oct. Ill. NJ.
The cold market opened at l4S and closed at l4s after
selling at l4Si.
Covernmcnt stocks arc higher under the quotation Of
0sI e,.coupon from London, equal to ma and in good
request The old sos are quoted at ll3aal3 and the
new atslO9 0IIG} The 1903 frmer and more active
In tho miscellaneous list there was moderate business at
fun rates. The share market irregular and feyersh
and has lost the extreme buoyant feeling which prevailed
last week. There is great disposition as yet TO sell
largo blocks of stocks sellers option; nor could large
operations be made in this way except at differences
60 wide as TO make profits almost hopeless
The market is at present sustained by bulls COM
peting with each other. Backed by cheap
money, and stimulated up 10 the present time
by great success they liberal buyers of each temporary
fall, and viii continue this policy until arrested by
change in the money market on the publication OF the
balance sheets prominent roads which by means JUS
tify present quotations for speculation or investment
Registered IS of 1874 per cent Tennessee Is fell
In Railroad bonds change Bank stocks strong; Fourth
National sold ut ITO; Maposa Preferred rose ~ Now
York Central but was offered at per cent less on
seller CO. Erie did not maintain last nights advance and
has not been improved by the recent election OF directors
and officers; Reading Michigan Southern, Northwest
no large amounts could have been sold at the quota
tons After the call the market was barely steady.
AT the Open Board prices still lower, and amer the
call the market was dull and rather panicky but closed
dull and steady at quotations. Ohio and Mississippi, SJt
a33l; Boston Water Power, 81! 93s; Cumberland Pre-
feTed IS G5si Quicksilver, %! S15ii ManPosa, 1850
1873; do Preferred 2Si a29 Western Union Telegraph,
"a, 0541; N V Central IIsaIls!; Eric, s2Ss2l Hud-
son River 1871 al27ii Reading, n4iall4ii Michigan
Central 0Il5 Michigan Southern So aS9i Illinois
Central 1851 al25i Cleveland and Pittsburgh, 9lt 69s;
Cleveland aud Toledo 1907 1905 Rock Island aloS!
Northwestern, All 044I; Northwestern Preferred, Ht0
74.; Fort Wayne, lOSi SlOSa.
Money is quoted irregular and dearer. Some Of the
largest endnghoust put up their loans to brokers to
per cent and obtained it readily and foral business
brokers ready to pay 5S6Per cent In paper
no change Best names pass at s. and good at 81 46.
Long bills are sold at per cent and upon some of the
best Railway shares per is paid The dmaDd for
currency for the West continues and there Is no surplus
OF currency of any kind in the street.
Freights arc finn. The engagements TO Liverpool per
steamer arc 30 hhds Tobacco at 20 Cd. To London lOW
BUSH Barley at sd 200 bush. Com at SD, and, per
steamer, 50 hhds Tobacco private terms To Bremen
], 800 hhds. Tobacco at l5s.
There is steady conversion OF 1875 into sos Of the
July and January issues but the amount is altogether out
proportion the necessity which exists for getting this
troublesome debt out Of the way prior to the resumption
of specie payments which cannot DO safely attempted
until they put into long eod-seahng bonds. This
class of debt put upon tho country by the mistakes
called at the time the nocess ties OF the Treasury De-
parmen and forced into ever and village by the
most elaborate system Of Advertising ard commendauon
ever bestowed upon Loan backed, too by commissions
that secured the services Of every broker and banker
throughout the country Sustained now by $OAOOOOJo
of rredeemabe duebills IN the form Of legal tenders
and National Bank notes, popularity called money they
command, in comn0n with the bonds into which they
convertible premium in currency and into these Ut
maturity in 1867 and 1868 they will inevitably fund them
selves leaving the Treasury fund pay in the interval
the compound note $I55OO0 OoO and some part Of the
800 900 Of legal tenders and drft to whore specie
payments can be resumed But the interest Of the coun-
try demands that Congress and the Treasury
should do something more than drift TO species
they must boldly steer the finances back 70 the
gold standard and by the most energetic means
bring the legal tender money up TO gold This can be
done eectuay by resOrtng to the means by when the
1905 sold and by paying to any one who w surrender
them for commission as large brokers makein turn
ing over Railway shares State stocks, Mining shares,
even The commissions for this service would amount tos
good round sum- but would paid for labor a. valuable
to the nation the last decisive victories won by the
Union armies to end the Rebellion. The sooner Congress
gives the Secretary the power to pay larger commissions,
and makes imperative upon him TO open them to the
public the better.
Mining shares attracting more attentions and higher
prices been paid La Crosse Gold rose 10 cents per
share; Corydon 90 cents and was in demand Smith d
Psrmsee rose 81 cents Nye Gold sold at g. AID Consoh
dated Gregory 25 cents Adams Express sold at siS9a
The Marietta and Cincinnati Railroad earned the hrsf
week in October: ,. Q, :. .:.E
25 Ell "a t Decrease .,......sl,4e7
The following the comparative earnings Of the De
tro and Milwaukee Railroad for the week ending octo-
Der IL:
1865 tAl 6s lscs. rs lso Increase .....haT
The following viii show the exports eIcfsve ofspece)
from NcwYork foreign ports for the week ending Oct
10, and since the beginning Of the year;
1854. 1888. 1855.
For the week. $1,000. t.4j2 tO0 t.iGl,nS tS2o3Ho
Prev reported. .l6a,70.3ee leo4lsssc ls%SVA
Since Jan l.. 4l759s0l96 tl2i,so,sc ti5oa4,cH