New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-10-23
SECOND BOARD.
| Holman Gold
MONDAY. Oct. ee--P. n


Gold opened at l46 sold down to lisi and closed iaea
The import of gold last week sI2753 and the Ocean
Queen brought from Aspnwal q, 1885 The exports
up to Oct. 20, were f54, $50, l3j.
The stock market except for few shares Endusrorsy
worked by cques is lower and buyers becoming
cautious in view of the continued decrease in earnins
the approach Of the meeting of Congress, and tie
condition of the money market which approaches point
where in sefdefense bankers viii be forced into
servative policy 10 the ruin of spectators who have
reasoned themselves into the belief that money upon cali
At per cent is aboat tho natural price for capital.
Government stocks arc lower from to per cont With
moderate Sales Border State stocks Sl higher In
Railway mortgages moderate business at full rates. In
the miscellaneous shares moderate business WesterI
Union fell l. Msnposa Preferred l. and Cumberland per
cent. Quicksilver rose per cent. New-York Central
strong at higher prices, with large purchases Read
ing l. Rock Island and Toledo, Wabash and West
srn H. Northwestern rtocks continue 10 hold the chic
attention OF spectators and for the Common advance
of per cent was paid Erie weak and sold at s2i.
Michigan Southern fell per cent. Little is now SAID
about dividend upon this stock and 1t is stated by thoss
veil informed that the proceeds of its bonds
sold, well as It's current earnings, have al
gone into construction. Cleveland and Toledo fell
per cent and large amount could be sold at quot
TONS Fort Wayne fell Alton and TeTe Haute D. Nil.
waukee and ST. Paul and the Preferred l. Aferthe call
several of the clique stocks higher NewYork Gem
trnl selling at III ai2l!; Reading l6i9ll6i North.
Western Common, 55i Sc, and the Preferred at So The
story that there has been oyerssue of this stock 10
wholly without foundation. 1t has been largely oversod
and may be costly 70 the sellers as Prairie du Chen.
The last prices werc New-Yosk Central 1919 el2lsi
Erie, So sS2ii Hudson River, 1914 al2s; Reading.
u6j llGI; Michigan Central, n5all6; Mich.
a II.
Cleveland and Pittsburgh 99i a9I Chicago and North
Western, 55l s55i; Northwestern Preferred "a S7si
Toledo and Wabash, 50IS5; Chicago and Rock Island
1881 8lO9 Toledo and Cleveland, lsi 0lsi; Pittsburgh
Fort Wayne aud Chicago 10 9ll0; Ohio and Mississippi
Certificates, SCI s3i Cumberland, 5S4 asa; Quicksilver
So; s57; Water Power 3li032i Spruce Hill, 4s9iii
Mariposs l3i sl3i, Mariposa Preferred 29929ii wess
ern Union, 52i asa
At the Mining Board gold stocks generally higher.
The most active stocks Atlantic and Pacific La Crosse,
Corydon, Nye and Consolidated Gregory. COTdon sold
at g. Is Nye advanced to o. closing firm at 60 bid La
Crosse sold s. So and in demand kilograms from
the mines report and important Developments and the
stock in considerable request with but little Offering Oh
present quotations There other symptoms Of lively
movement in this stock for which the large holders claim
that it is worth much as Smith Parmelee Favor
able adyces have also been received om the mines OF The
Nye ana Coydon companies WHICH are Oo'n ac'Ao nv
strong
The money market is fully supplied with call loans, %
405 per cent BY reference to the Bank Statementt WIN
be seen that their managers still expanding their osns
in the face of steady decrease not only in their deposits
but in their reserve legal tenders. Nor Is hers much
reason suppose they will change their policy until the
financial balloon eIplodes Bank officers, managers Of
railways and OF financial institutions generally go gress
way in making up the swarm of bulls who are nov
putting up prices by clique movements, aided %
cheap money at call At present they arc not disposed
BY conservative measures TO check advance which
would naict severe terms upon them in common with or
binary spectators They may, however, be brought 70
their senses by reduction in plain legal tenders in the
next Treasury Statement to the extent Of slOOOoVW
and perhaps to 900, and an assurance BY ME-
McCuloch tina. he Is able TO destroy si,OOo,Ooo p~
month until tho whole Of the disgscOful forced loan IN
the form OF legal tenders Cancelled Such are the n
nations from Washington, and in view OF the mestng"
Congress they are likely to be fully realized
The following shows the condition OF the Ne~-i0''
City Banks this week and last;
Mt