New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-11-17
.PeopSsGoii & sH
TRlDAY Nov l6--r. NJ
Gold is lower, and has sold as low as li2i closing al

FRlDAY. Nos. l6--r. NJ
Gold is lower, and has sold a, low as li2a closing at
lEi.
Government stocks arc lover 590s Of 1862 fell l. do.
Of 1865 & IOiOs and 1905, val per cent. Missouri
6s fell per cent. Railway mortgages were steady except
Northwest Consolidated which fell per cent In
Bank shares hc doing. The Miscellaneous shares we're
unsettled Atlantic Mail fell 10 1901 at the Board, and
private sales were made at 90 closing at % 100 Pacific
Mail sold at 2iO. Wilkesbarro Coal fell per cent The
general share market opened firm, and prices were fairly
maintained at the Regular Board After the CALL prices
were weaker and there was market for large amounts.
An impression is abroad that the eliques which have
so successfully controlled the market have closed up TO
great degree and that they disposed to wait upon
the movements of the Treasury department before max
ing more speculaons for advance. Having put que
tatons 70 tho present dangerous hight by bold manpu-
latous nothing is moro natural than smart fall the
sustaining power being withdrawn. In the afternoon
prices wero firm again, but operations were upon I'M
tied scale Tho following are the latest quotations.
New-York Central, llOi Gill; Erie, 6laH5; Reading,
l3A all3l Michigan Southern, siI dSi5 Cleveland ana
Pittsburgh, 71ae77i Rock Island, 1861 siO6S North
Western. 5lIe5l Northwestern Preferred. 73i 1885,
Prairie du Chen, lO7alO7i
The earnings of the Erie Railway Company for October
1866 are $4,000 increase for the month, instead Of
800, 900 decrease, rs previously reported.
Money was not active but little new business is done
under y cent on call upon Governments Some old
loans remain at cent but lenders look for still better
rates next week Some banks have put their call loans at
y cent. Next weeks bank statement is expected 70
show further loss of legal tender with gain in coin
AS "egal tender is the item upon which the public
Judge of the ability of tho banks TO loan money, the
statement viii not make capital any easy of access
In commercial paper little doing. The rates
are CAL cent, with exceptional sales below
6 cent. Kong paper is not in favor
Assertions are made that Secretary McCuloch has been
converted from the specie paving policy and enlisted in
tho ranks Of the explnsouss who also predict the issue
Of moro paper money by Congress People who rush into
debt or who make attempt TO redeem their liabilities
TO moot the change values which is steadily proceeding
must DO careful how they trust to these assertions of
spectators for rise The Secretary has not been con-
yeed but We are assured stands fast by the principles Of
bis last annual report whom he declared that Every day
that contraction deferred increases he difficulty Of pre-
venting financial collapse" The Secretary has not
contracted as fast in his power but he has BY no
means been idle. He has paid OF and funded over Oo
900 900 Of legal tender and short debts standing IN the
way Of redemption in eleven months, aud has reached
point whom under proper authority by Congress, he can
resume specie payments at early day The extent OF
the funding and payments Of short debts is shown in the
following table:
AMOUNT OF CURRENCY DEBT
No IA AoV 4