New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-10-25

ct l48 The losning rate has been i-32 TO per cent
Government Stocks steady with good demand IN
0-40s at par. The 730 notes steady at quotations
and not offered in large amounts. State Bonds s,s
steady full prices with fair demand FOR Railway mort
CAGES Chicago and Northwestern Convertible Bonds
sold at g. The miscellaneous shares are not specially 70.
tive. New-York Central sold at 1911 Erie vuus
elected Alarge business was done in Michigan SOuthsn
ct s2i es2i Northwestern Shares continue active end
arc the leading stocks the street The rest tia West
list firm ct full prices. Ater the call prices vs
not firm except for Mich Southern which sold 90
After tho Board there was Q panicky feeling, and The
market was all lover and heavy. Esw-York Central soA
at 1885,; Erie, BIZ; Michigan Southern, 90;
Cleveland and Pittsburgh, 900, but on The lone
run prices rallied slightly but the market closed unsettled
end excited The closing quotations were. OHIO and
Mississippi, S3t s33i Boston Water Power. aissh
Cumberland Preferred 5ss5si; Quicksilver 5SsSt,
Marposs, lSisi3i Manposa Preferred 2ste9l,
Western Union Tel, 52io52f; New.York Central,
llss slIsi; Eric, slts8lf Hudson River, l27sl2iI
Reading ll5aail5i; Michigan Southern, sIiss2r
Illinois Central 1851 Sl56i; Cleveland and Pitsbagh, 90
S9lI; Cleveland and Toledo, llsi; Rock Island,
1854 slOei North Western. $40 ASA North Western Pre-
ferred. 80aSoi: Fort Wayne 1901 sl093. ,
Money is in request, and in partial explanation Il
Ia reported that the Treasury is selling gold, but u
lacks authority thus far. Nothing more probable ,haa
sse of gold IL the Department intends to continue the
purchase Of 73s and Compound Notes The balance In
the Sub Treasury here 10 largeS s3s 0obus II Is not
in the form OF currency. Tomorrow, October Is, inten
ceases on the last half of the Clearing House eeracats
$2 0O0-which viii leave at the command Of the city
banks O payable In legal tender BY the Treasury.
Ths il called for. would reduce the balance 70 COO
As the gold deposits at this port are largely shove this
amount ii is evident that the Department is not In
condition 70 come 10 the aid Of the money market By SET
ting free through the purchase Of bonds large smoani
Of currency. as it has steadily been doing
for some time; bat, on the other haad. may
be obliged to sell gold TO obtain currency 10 pay the
banks The Department has 10 be sure reserve OF
$50 900 1t could pay the csrs-
Gates but IL would hardly resort TO IL With surplus Of
gold above the November interest Of above FOoocooo
lying unprodnetive. The psymest Of The November
coupons next week promises 70 be disturbing element In
the money Market calling 1t will, for largo increase
Of bank credits TO move it, The demand for currency from
the West and South still continues and TO the West
promises TO grow quito urgent tho hog crop ready TO
market The issue of currency having almost ceased t
tho national banks it is evident in view OF the sesdy 3D.
vance in commodities that borrowers OF capital must sy
higher rates for the OF money Call loans are pee
cent for business In commercial paper no changes
best open at per cent and good at $40 Long
bills of ordinary credit 2 per cent.
Foreign exchange Is dull. Bills at 50 days on London
are selling at 1881 sioss for commercials io9slosi fos
bankers do. at short sight noelloi; Paris at 60 days
a20a5I6i do. az short sight. 5.l6i e5i3ii Antwerp
5.2O0al7}is Swiss .2Os5,l7ii Hamburg, 36a36i. Am
stsrdam. 4oi s4ii Frankfort 4s4iii Bremen, 7sis7si
Prussan thslers 72S7ei @ A''s
Freghts are very dull. The engagements to Liverpool
per steamer $50 bales Cotton 81 ID and to LOndoa
per steamer 10, 900 bush. Barley at Cd. 1g'rsai
is stated that bank Of large capital in this city has
recently sold portion of lis privilege to issne circulation
to small bank for compensation, and that the Con-
troller of the Currency has ratified the transaction This
may be in accordance with the spirit the National Bank.
Ing Law, but 70 p dent people looks sks opening tn:
door for good deal Of g, wild cat" circulation. 3
The cotton circular OF VIM n. Wright very ccnserv.
alive authority, says OF the growing crop:
The fine weather has continued 81 over the cotton growing
country and have had four weeks OF good picking the
prospect FOR the everywhere improved The reports
OF increase In the estimates do hear that the damage
has been great at time anticipated snd Ae
hopes entertained Of making respectable crop under
the circumstances 1t s early 10 venture guess upon
estimate The tendency IN New YORK Is decidedly towards
higher figure than three four weekSago
The following statement OF the movement N cotton nes
lat Sept. last;. f..-.'H ...n f'rru