New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-10-17


The closing rate was 1891. ltese- ft( Ntlf 81
The stock market opened dull and for time was weak
with pressure to sell the whole list At the decline
there was considerable buying to replace stocks sold OF
yesterdays rates. and prices recoyesed slightly
The market quito sensitive but the prevailing feeling is
still bulsh Government stocks were weaker on the gold
Issues and steady for the currency loan State bonds and
railway mortgages lower. Bank shares are rm with
sales of Fourth National at 1Osi In the miscellaneous
stocks considerable business was DONE Canton fell per
cent Cumberland ], and Atlantic Mail l. Union Navi-
cation rose l. The railway share list showed general
decline As compared with the regular session Of Monday
Nsxyork Central fell per cent Ero 2; Eric Preferred,
81 Hudson River, 4; Reading, 2; Michigan Central, 23,
do. Southern, Oh Illinois Central 8; Cleveland and Pitts
burph "a; North. Western IL; do Preferred, u Cieve
land and Toledo, 81; Rock Island II; Toledo and wa
bash g. Fort WAYNE ls Alton and Tere Haute, IL; do
Preferred a; Milwaukee and St. Paul, III and the Pre-
ferred 3D. After the board the market was steady, ana
under quite moderate buying stocks soon recovered mucn
OF the decline of the morning. At the close OF the day
Cumberland had advanced compared with the morning
board. 4, Marposa Preferred, o. New.York Central, q
Erie III Hudson River, Ii Reading, IL Michigan South
ern, Il Illinois Central 1; Cleveland and Pittsburgh, II
Cleveland and Toledo 2a Rock Island, !; North west
ern III do Preferred, Il and Fort Wayne, l. The closing
prices are follows, with sharp demand for NORTH
Western shares and Cleveland and Pittsburgh: Ohio and
Mississippi 33i o33a; Canton Company 53l; Boston
Water Power 32032I Cumberland Preferred, 5SI a5Si;
Quicksilver 55 55l Mshposa, l3isl3ii do Preferred
29,a29,; Western Union Telegraph, 5ii0gi; n
Y. Central, llsiSilSi Erie, sSioS3ii Hudson River
i3aa18; Reading, ll6l9ll6i; Michigan Central,
ISL Oils; Michigan Southern 9o S9Oi; Illinois Central
l2Glal7; Cleveland and Pittsburgh $685.; Cleveland
and Toledo 1911 1914; Rock Island l08s 0losi North
Western 46I North Western Preferred rs; Fort Wayne
lIOi all0i.
Mining shares continue active. Bullion Consolidated
sold at q 40; Consolidated Gregory sl5 1896; Cory
don, IS 75as6 80, and 81 30 b. 3oi Smith &c Parmeee
$l3 2OSsl3 s. Quartz Ill., IS 80.
Tho Money market moro active and lenders are
getting better rates. The drain Of currency to move the
grain crops beginning 10 have its effect and though the
demand for that purpose is not 80 large as many antic
pated il is still sufficient to make people moro prudent
Tho advance in stocks gold and many kinds OF merchan
disc tells upon the price Of money and 1t Is evident that
speculation for the future must pay high rates for accom-
notation The cotton crop is moving slowly, but win
soon call for largo amount Of currency to pay the tax
upon it, which must be done when 1t leaves the growers
hands As tho banks of the country are already widely
expanded and in no condition supply currency freely to
move either the cotton grain crops 1t is reasonable to
assume that the rates OF money cannot continue
cent but large amounts borrowed at per cent and
at business is done in some cases. In Commercial paper
no change.
Foreign exchange steady. Bills at CD days on Lon
don are quoted at 1861 1864, for commercial i0i
for bankers; do at short sight, I0f olosl; Paris at 10
days. 59l a523i; do at short sight, 523i Ant
werp 526i IS; Swiss 526i s5.25; Hamburg i 1854;
Amsterdam 39I go; Frankfort 4Oi 0iol; Bremen, To
70; Prussian thalers, II OIL.
Tho Treasury to be sti buyer ofthe loans
Of 1861 and 1865 at about 90 and interest in gold Quite
large amount Of these bonds have been paid, as viii ap
pear by the next debt statement The operation is agood
one for the Treasury and II the whole amount could DO re-
tired at once il would be public benefit Thus far the
purchases are stated to amountto $i,2oo,ooo.
For printing cloths, The Providence Journal says;
The market is very active with upward tendency its
quantity Of goods on haad yc{ light Ms OF tse siss a ,ps
Che past week were Tor goods 70 p Saturday Ss, S S
reported price he; 1900 do 6IG itc 1900 do 6sxSi
,S heavy TO- 4 sie S Ssar la O DO 81 500
l2ie, light on hand Total, i=lco pisoes
The CAiesgo Republicans says;
In the money market seems 10 be increasing
Outing the past there has been urgent demand
for currency By country bankers and large amounts have been
@ S Ssy y and The deposits , of our are
much lighter than last week the fear Of cholera having kept
chass circumstances city bankers have had con-
Instance Eastern exchanges bad to Be- sacrificed order to
procure currency meet balances Mt the Clearing House
The Michigan Southern road earned the second week In
| October:
1865 slI7ss7 1868 ..sIOs 63i Decrease. q, 2so
The coal shipped by the Pennsylvania Coal Company Is
reported as follows
1896 80 ssa tuns 1865 ioe Dec. 81 26 uns
sThe rate of interest the European cities is follows
London Dat Paris 3s2i Vienna sael Berlin SOS Ans
tcram CAD; Turin 66e Brussels, 3a2} Madrid, saIV
Hamblrg, 81 ST. Petersburg Sialoi Frankfort i33i.
The return from the Bank OF England for the week end
ing October gives the following results, when compared
| with the previous week:
Rest; stiitct Increase. as aSl 10
Other Deposits i7sOa3s5 Inorease. ls6,Es
On the othcr side Of the accounts
Gov mt Securities. al2 2i90i3 Decrease. eE5
Other seeariies e ss SIS Increase. Ia, as
The amount OF circulation s2t SIS go being an In
OF n 9 and the stock Of bullion IN both depart
Is sl6ss 49, showing an increase OF slss'o when
compared with the preceding statement
Tho return of the Bank of Franco for tho week ending
| Oct. Is as follows:
Increase, Commercial BILLS 25l Millions Advances II mil
lions Notes ~ 18th millions Decrease Cash IN hand ~
mllons Treasury oaiAnee' - niii"H' '' ''o'- ~
milIons-
Mossrs satterhwaite CO. thus report the state Of
the London market for American securities since our last;
During the latter part week the London market for
eerrnphc communication with America For the last three
ay there has been large business Transacted
United States $50 bonds higher exchange have declined
during tho week nearly 81 m I"
The adyices from Frankfort mention that United States
bonds have shown depression during the past week,
wthstandng the favorable commercial and financial re-
ports published by the New.York journals Investments
have apparently ceased for the present. and sales by
atos have forced prices down two per cent One writer
| says:
The fact is that while nobody believes in second civil
betW
begin 70 aen our capasts aud until the struggle shall have