New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-05-22
oPIS BOARD OF BRoKERs
MONDAY. My Pr. ".

Gold closes ., l3ot sl3O! and the impression prevails
That the Treasury ready TO supply the market at these
taes The drnness of the Secretary in this matter has
prevented sharp advance and with IT general dcnngo-
ment Of trade. The steamer from Aspinwal brings
D. $4,000.
With moderate business in Government stocks prccs
Are well supported. Ii state stocks and Railway mortgages
ihe ss small at former prices. Bank shares con-
Bnue in demaud az flll prices Cumberland Coal weak,
ind the balls who attempted 10 pat 1t up are selling
but AZ loss At the stock Exchange Ncw-YoIk Central
and Erie were lower but Hudson River in request ct
Saturdays ntcs majority Of this stock is owned
bytlo President OF the road and upon is present earnings
Il will soon be able to make larger and regular dividends
The remainder OF the list lower than on Saturday
win moderate amOlrt Of business. 4 good deal "os
raid by tho beers about eight money with small
effect At the public call prices frmcr, but
The transactions were limited. There brisk
demand for Morris and Es5ex stock at an advance
of per cent with 80 bid at the close. At the Second
Board prices rmor but tho sacs were not upon
lareo scale The lost prices were stronger Reading selling
up to l0s. l0s,, Michigan Southern TO 81, ani NV
York Ceutral 10 9ie9i Ohio Certificates, -, 81;
Canton. cog oC0f; Cumberland Coal l6oHi Quicksilver
s9I o53l; Morposa Preferred, 81 a22 New York Cen
tal 9ld9l; Enc, 73ii Hudson River 49, Reading,
IOsa 0l0Sl; Michigan Central, 1907 10; Michigan South
am 80 So; Illinois Central Scrip, 49, 100 Cleveland
and Pittsbgnsh, q 49,; Cleveland and Toledo, 1856
1851, Rock Island a3S 49, Northwestern ~ ~; Do
Preferred 5Ss 35s9 Fort Wayne, 9el0J5l. Late IL the
day. on receipt Of the steamers news Gold 70 49,
and closed 1871 sI3i; Erie sold down TO ~ and the
whole market was pancky and closed very excited. The
whole list was excited aud stocks were thrown overheard
without regard to price,
Among brokers money abundant as ever, but ~
soue cases higher paid The rates are still lao
call leading houses with 10 brokers borrowing to
make up bank balance In commercial paper there IS
NO material change, and prime names, which are scarce
and wanted soil ut 81 aud at 69G for second grade
The hank statement continues 10 reject the in money
and 10 permanent advance in the rate impending Tho
demand from the banks to pay for gold to the SubTasl
can be asy met by them and the Department want
of remedies for tight money market" It pay At
once large amount Of temporary loans, thus restoring
currency circulation aud reducing its own borrowings.
The Secretary has night call intho One Year Cert
Gates before maturity The law says they shah be payable
An one year from date earlier at tho option Of tho Gov
eminent The large shipments Of gold 20 Europe wiz
20 great way in restoring confidence in American stocks
and American credits, and % days foin this thqe
NAV be expected from London and the Continent quota
lions for 52Os which vii prevent the necessity of further
remittances in gold English financial writers expected
panic in NewYork upon the last uDayorabe budget IN
stead Of WHICH they see E2OOOo0 Of S9d started at once