New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-04-11
OPEN BOARD OF BRoKrRs-3i Pm.

"WEDNESDAY April lo-P.
Gold was steady during the morning OF l26 and closed
as l26 Cash Gold is plenty
Government Stocks are strong and in fair request The
s3Os are al wanted at par TO premium, and have be-
como the decided fate of investors and Of parties de-
string to use money for short periods The sales of State
bonds, Railway mortgages and Bank shares are small
and little disposition shown TO buy trash in the
form of idle coal mines and dead land companies.
The Railway share market is now fully IL COM
nand Of the bulls, end quito irregular. Erie
vas the leading fayorte. selling as low in the morning as
t3i raying to ISL and closing at 74 Tho annual re-
bort is promised this week by s controlling Director,
Who also volunteers the statement that tho coal trains OF
Che road have been stopped 10 prevent loss This cor
poraton controls the railway speculation and its financial
atements have importance not conferred upon MINOR
roads That il has been nanciered and specuaea out Oh
The dividend list is beyond question. The interest in
Michigan Southern has ceased and the projected move
ments in Fort Wayne and Cleveland and Pittsburgh
seem to have been abandoned Tho market is in all re-
spects dangerous to outsiders and may collapse at any
moment Banks and private lenders are full OF stocks
upon hypothecaon which, upon any adverse turn in the
money market may be forced to sale in amounts and at
prices fatal TO spectators upon margins The last Prices
wero as follows: New]York Central sol a92i Erie, 4i;
Hudson, l26; Reading, 1915 Michigan Southern, oCt;
cleveland and Pittsburgh 7ei; Rock Island ISL Fort
WAYNE 902 Canton, 52i; Cumberland 44ii Quicksl-
yer, 45i.
Money On call is per cent upon ordinary oolaterals
To lend balances I've per cent 10 accepted and this rate
n s1so made upon Government securities In CONNER
sal paper the rates unchanged The best names in
Che city sell at per cent. Good bills pass at 0a9i or
binary 00l5 and still higher rates are made upon the
paper Of " enterprisng houses"
The passage of the loan bill should make all debtors
sautious and stimulate them to every possible effort in
tho way Of liquidation. The Secretary under the hnan
eial bills now in force has ample power TO contract the
suuency and place me Government finances In order
He can sell bonds exchange short currency debt
for long Ones and make terms which will attract to his
nse the oanable capital Of the commercial world. He is
not allowed to be sure to cancel legal tenders but ne
n not prohibited from Withholding them from
erculaton process as dangerous TO expanded banks
and extended traders their destruction would be- Tho
Secretary specie payment as soon as they can DO
reasonably brought about and this fact cannot be too
cen brought to the notice of parties DESTROYS Of running
into debt upoa debased currency, to be speedily
improved at the of debtors The abundance of money
seeking employment on call st low rates. is the evil
lance Of stagnation In the business Of the country. 1t
shows that the unhealthy activity produced by the Re-
belion and the consequent issue Of hundreds Of millions
Of inedeemable paper money, is being superseded
by the moderate movements such as mark the era OF
peace The Secretaries Of the Army and Navy have got
i'd Of the machinery Of war in their Departments, and it
snly remains for the Secretary Of the Treasury to do his
Suty. The food Of paper-money which maintained the
army and navy has performed its task and the sooner
syery dollar Of il not redoemable in gold put out Of
commission, along with the iron-cads,sthe better.
Foreign exchange is frmer, and bankers bills on En-
Gland at 60 days quoted at 1o6l olo6a
The business Of the sub-Treasary was: Receipts,
N5os,s24 o2for Customs ti6soCoi Payments 81 ,o44,-
e2 LEON account Of Loan $li6o0o Balance, $s,973.
" 80. Gold Notes, t685 76o.
Freights ere dull. The engagements to Liverpool are
1000 bush Corn on private terms 500 bales Cotton OF
kl6d and per steamer 100 bales Cotton at 3D. and $50
kbls Pork ct o. Cd 70 London 100 cs Lard ct 25s and
900 bIs Bacon s22s 3d. To Bremen, 40 hhds Tobacco
n 22s. Cd.
Exports exclusive Of speeie) from the port Of New
York to foreign ports for the week ending April TO- 1866
sGe $sio6s,5io. "a y .,.tI...l..
TIE Cincinnati csmmsreial says. = s.ss .-tSs 49,
Exchange continues 10 large demand and With inadequate
pooepta In the regular course OF business bankers mo
hssssay 10 forward liberal shipments Of legal tenders 70 keep
&ood their Eastern socounts The money market works COM
1xtahy. ~ Tie" uha ca saaen gaod Ss s@ eiseans'