New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-04-14
EN- BOARD oP BRoKERs-3i P. NJ.
FRIDAY, April l3-P. N.


Gold closes at 1861, and cash gold reported abundant
IN Government stocks the sales moderate at hepces
of yesterday with the exception Of l00s which closed at
D. In State Bonds little done and speculation Ohio
and Mississippi certificates active and to 26l,
cash and 90 seller co. Canton Co. strong and sold
up 53i Quicksilver Mining Co. was very active and
wanted at So The general share market was strong and
In many cases higher rates paid. Reading was
specially firm and sold at l04 cash. freely Speculation
De wholly confined TO cliques and the outside public is
hot disposed 10 venture, though money abundant and
brokers ready for business account Of customers with
courage and good margins The closing prices were:
Gold 1861 al262; Ohio Certificates, 26a2Gf; Canton,
52952l; Cumberland Coal, AL a44i; Quicksilver SOFA
Sol Msrposa, l2I 0l23 Manposa Preferred, 22is 2l;
Eew-York Central 92i a93; Ere, 73ia73l Hudson
River 1904 0lO9i; Reading, lO4i 9lO5 Michigan Cen
trail l03 al05; Michigan Southern, sOiaSOs Cleveland
and Pittsburgh S0i 08Os; Cleveland and Toledo, lila
Illi; Rock Island Ilss allSl; Northwestern, 26l0
PCS; do. Preferred, ISL ASA; Fort Wayne, 9liG9li
Money on call is abundant at and per cent, and lead
Ing houses paying of per cent loans from inability
90 the money Commercial paper is quoted at per
cent and where less is taken Good names
are held at and g. and ordinary at l5percent Call
loans are still preferred by lenders to long engage
Ients no matter how tempting the rate Of interest is
made The Secretary Of the Treasury has the loan bin
signed and remote day will be at work under IT, and
give frnness to the money market. Prudent peo
Die show no disposition to make engagements until
Che Secretarys policy is known. That he will have
settled policy is TO be expected from the tenor of the
DILL or from his anecedents. In the future, in the
past he will secretly, in any direction, for the in
terest of the department and the money market will be
aept in condition fatal to gamblers, whether in stocks
ar commodities He will pursue policy which will make
money call abundant at low rates, and ordinary
ercia paper command prices equal to those paid for the
last six months This will make compound notes.
v0s and all short Government paper the most desirable
security in which to employ capital until the Government
funds its currency debt and wihdraws from the market
sss borrower in any form.
Exchange squoted alOs forprime bills at6O days
the latter an extreme rate Francs 523 a52l for long,
and 520a5 for short. The large importatons Of 52Os
of which exclusive information came to one of our
neghbors-does not improve exchange advance gold or
6epress 5-2Os materially.
In Freights, the engagements TO Liverpool are: 100
bales Cotton at 3D. 600 bush. Corn private terms,
and Per steamer, $50 bales Cotton at id. To London,
1900 BUSH Corn at SD To Glasgow, 1900 Slaves Of
Isl. ship with Deals from ST. Johns TO Glasgow on
private terms.
The business Of the SubTressury was: Receipts ST..
7646 27 6OfOr Customs, 3a63,OOO Payments $5l7OlO
6O-on account Of Loan, $4,000 Balance $sS $50 A.
Gold notes, 100000.
dispatch from Washington Says
An attempt viii probably be soon made in Congress to
compel the National Banks TO redeem their Issues IN New
York"
This change in the banking law is desirable and will do
much toward restoring the currency TO al equality with
coin. The country banks under such change could not
Heep ont anything like their present volume Of money
and would be Gil the.ssfer for it.
For Compound Interest Notes the following are the
quotations; June, 1864 llOi July, lQ9i August 1893;