New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-07-02

Gold closed 40 1885 after selling az lJ~4 ana lJi4 TOT
te uso OF each gold per cent has been paid The eN'
yorts 81 The day have been s0ji. Tie market "a not
strong and the PARTIES attempting 70 force the quotations
sp b. making gold scarce. have not succeeded.
Government stocks continue very finn. with an In
sreasod demand nom parties boiling year certificates
n state stocks and Railway mortgages, a nominal busi-
refs Bank stocks sold spanugly a. fun raios. Delaware
.sd Hudson Canal stock per cent In The small
stocks tie dealings were limited with hardly enough done
IA make quotations The interest IN the Railroad share
market cenicrs Ee common, which has sold dunne
Ne day at Ga ard 62l, closing ct 62I b'j The
rrescnt hrmn,ss IN tho stock Is the result Of
speculative combinations, and does not proceed
from any improvement, in he earnings or management
III remainder Of the list neglected, and the business
Of stock commission houses has been reduced to point
whore the stationary not made daily. Ohio Ger
ahcaios are down to 25I The market closed New-York
Central asfaesi Ere, 62ia62s; Hudson River llll;
Michigan southern, Isl a'Si, Illinois Central, 1905;
cleveland and Pittsburgh, 50. ass; Ncrth-Westen 3i
800 Northwestern Preferred, 80 dj9l; Cleveland and
Toledo lO6 q 1865; Fort Wayne, 90 "a div; Reading
Je4i ex div.
Money is excessively abundant a6 per cent, with
leans upon Government stocks at lpeT cent Commercial
reer Of prime character is wanted, and be used at
ba6 per cent
National Bank currency is very plenty, and in variety
.f issue exceeds belief Until something is done 10 re-
srce the volume Of this currency there can be no return
% specie payments The roados modes Of reducing the
guuency would be found in offering special loan IN ex-
shange legal tenders and compound notes With 500
oOOO of legal tenders and compound notes funded there
would be forced upon the National system
vA,ve policy Among It's first fruits would be relief fom
Che notes which ombauass the banks in The Atlantic
cities part Of this embarrassment is caused by the
sosal Of The NewY City banks to make their settle
.l-I
points The banks have perfect RICH, TO do this but
shey make Distinction not appreciated by the mass Of the
people, and one which cannot he made popular The
xsnt Of The National cur ney with the people lies in
having 500 in United States stocks pledged for every 600
81 currency. end ody thinks OF looking 20 see what
Smith or 5nes o. Brown writes President
Cashier The Of these gentlemen of certain
value and locally of great importance to the gentlemen
writing them but the public honor the bank notes because
they guaranteed by the Goyenment and are paid by
81 when the banks issuing get into trouble This cuf.
Sency is good enough 10 pay balances at the Clearing
Housc and the il is used the better. When the
National Banking Law comes up for amendment as j,
s.ll soon, Congress will do well : @T'~-7-yr
Frtfs 70 make after November 1867 every National
bank redeemsbe at ,s place of issue and not
reScemsble anywhere else.
Second II should obge the National banks TO keepthe
next three payments in gold upon their bonds held
for circulation as reserve, upon which TO resume in
November 1867.
TArd. II should make National bank notes legal
sender from banks each other and between banks and
sheir dealers.
Fourth. II should prohibit banks fiom sorting each
sthers currency and sending home for redemption, and
FffA II should without delay, get into funded debt
al the legal tenders and leave TO the National bank
rotss the field for circulation II the banks are made TO
understand that in November 1867 they are TO redeem
sner circulation OF their counters in god there need be
NO fear of an at that time Of legal tenders or
atoual Being redeemable in gold, every dollar Of the
pesent 900 would be kept in by the natural
wants Of trade and perhaps increase be made ne
sessary.
In Freights, the engagements to Liverpool ore 10000
bu,h. Corn at 4ia5c.
The Hanover Fire Insurance Company has declared
ssmi-snnual dividend, payable demand.
letter from Nashville The Memphis Bulletin dated
jane q, says;
The trade Of this city is quiet THAI has been known At
s d :as s' R the
The sntePstOns for large or good trade IN hs Autumn are
sossly and Comparatively email quantities unless 6us and
Ssss crops secured and money becomes abundant.
TIE Buffalo Courier says;
IA. Conrrs advice to business keep sloof from
a., raid on tAe State banks creating panic
which only result in Os' to private individuals and benefit
rood as gold bot the Legal Tender act; good
sresnbsok now State and New England currency will be
ssssved BY banks Of this city after July at cent
lseeunt Business will receive and them out at par
The total imports at New-York for the week compare
- follows;
W,sf ending zee. June %. June % june Is June g.
Sry rcods sI27e77e e2042s2 ~ Oo9O0 t6ll,1i
<s1 ndse ..... I,T3fe27 4.67266l 10i6742 2ll93s5
.s3oi3eoS tS746943 ssosa7 las e. 80 75s
The New-york imports OF foreign dry goods compare
follows with former returns
Est the Well. 1854. 1868. 1885.
Intsred a. the port o., 7s5O3i o. e40lg2 Sl26 7e
TaTcvp on market. -. 5s.629 I704.sc2 I666,7l7
since Jan. lat