New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-08-10
TBuEsDAr, Aug. e-P. N.



1881 rose nor cent ola j-2Os and new DO. Seven
thres sold largely at lO5slOjI. Tennessee Is l per
cent IL railroad bonds little doing Bank shares are
firm and only trfins lots offered The small stocks are
lower excert Marposa Preferred which per cent
Water Power fell 10 2Si The railway share market
orened with great buoyancy upon special stocks, and
/ sales Of Fort Wayne made at 1868 ard Of
Michican southern at SCI. Al this advance there
was a good deal Of realizing, and prices broke
from ! TO u per cent Ire and the other New
York roads were neglected and prices not sustained. Al
er the call prices rallied moderately, but there no dis
position shown 70 make purchases for further adj
vance At the Second Board the market steady but
showed no improvement in prices After the call tho
prices were steady and closed iTm at quotations New
York Central, lOJ al05; Erie GO a6si Hudson River
Il90l2O; Reading l2Gll2.; Michigan Central 1895 q
llO: Michigan Southern SCI aS6l Illinois Central Scrip
~, 22!; Cleveland and Pittsburgh, so 49,, Ccye
land and Toledo, ll69n6l; Rock Island, lOti alT;
North-Wesiem, 3Gl G36l DO. Preferred G7s967i Fort
Wayne lO5i sl96; Ohio and Mississippi Certificates,
80 a30li Canton 52S53; Cumberland Coal, HSFl
ManpoSa Mining Company, 25la-'l Quicksilver, 49I
$50.
In money change Can loans as per cent, with
exceptional loans at per Governments There IS
pressure Of National Bank currency, and the orders
from the interior increasing In Commercial paper
a per cent The Bank Note Reporter SAYS
This yem the stupid beyond precedent Money is
cleaI-very cheaP-le range is from 5a5 per cent Cail
looms the very best Of securities and 10 tue Yey best OF
borrowers made at SAL per cent while three and four
months No paper goes AZ 6as per cent These facts
show there is a widespread belief that in October November
ana December money viii be and dear. State Bank
currency flows home for redemption. We believe that $1,000
banks take il bat at discount OF per cent for New York
Eastern and Jersey Oar rates o. discount "re loT
New. York State discounts ioi New England discount
for NewJersey discount; for Pennsylvania Maryland and
Delaware. al! discount.
The quotations for compound notes are as follows or
1861 June dates l9Isll3ii 1861, July dates, ll3
u3! 1861 Angus, dates, ll2l 0ll2l 1861, October
dates llllSllI2 1864, December dates, 100 llOl;
1862 May dates, lOS 0l0S1; 1867 August dates lO7
l07! 1861 September dates, 1867 Sl062i 1850, October
dates lOG9lO6l.
Exchange is dun and prices favor the buyer. Bankers
90 DAYS sterling at lO GlOS and sight do, l0sl Glc9
Francs, long, 525G522l.
IL fcigh the engagements 20 Liverpool, per steamer,
$4,000 bush. Corn at Sd 5000 bush Wheat at 3D.. and
80 bales Cotton at Jl6d; aid TO London per steamer,
1000 bush. Corn at 3D.; and 3jOObush Wheat at 3D.
The stockholders OF the New York and NewiIaven
Railroad have authorized the directors 10000
shares OF stock be sold al the discretion Of the direct
resolution passed giving each person who on
tie first DAY of September shall be stakeholder the priv
ege Of taking par share for every five owned by
him resolution auihorzingh directors to apply moneys
received from the sale Of the additional stock the pay
Of the So2O0O per cent bonds, payable in De
eembcr, was also unanimously adopted.
Tie Cincinnati Ga-ctfc Of Tuesday says:
There was pretty fair demand money to-day and the
market hardly foI borrowers as Last week but stu
there much difficulty in icing good paper at eaQ
Ter cent Western paper IS being sent out here from New
disposition take this class Of offerings Bankers are not
olu and they conne their discount business gen
orally TO customers The ai Aet was wei supplied win e1
change al PAL u.s. premium buying and Ito premium tehng
Dealers generally disposed to pay par Gold adj
Nev-York.
The Chicago T,,bure Of Thursday says:
There was a very quiet feeling monetary circles to-day
but thore change in TIE condition Of the
Prime paper active demand at 10 per cent per
m Tse e n per cent per month Eastern exchange was
very market ruled hm NJ par buying and 10
premium selling Round lots We're soa among 9tAeis ~
premium Of 6lc per slVN Several 81 ihe eaHhB OaAAoIs
lad to express currency to-day 10 meet their drai-
On and after the s Of August the banks OF issue both
National and State are be taxed 10 per cent any Of
their old notes they pay after that date But this by
no means depreciaes the old State bank notes which are
held by the people at large They are just tie same IN
vaue as they before the 10 tax law went into
effect and the banks that issued them are required to re-
deem them Just as before Tho law imposes the tax tx
clusvey on the banks which may pay them ont hereafter
but the tax does not apply the circulation outstanding
previous TO the Isl Of August,
Ofthe growing cotton crop Neil Bros. Co. say:
Dur AL ic
Any appearance OF the worm which may have taken pace Is
Tor 80 lar local and trust It viii not become general
Mr.. VIM p Wright says;
The acoours are conflicting but the whole favorable
The weather during July mas been hot and d forcing INC
plant rapidly blooms and squares There pretty gen
era complaint however tai ne pant s year IS uch ss
copasy muea reduced h j. The general islk OF parties
lately arrived here from Ne9Ofleans ana Mobile by the
various railroads. We do 30, know anything dfhno yet OF
TIC caterpirs Mississippi Louisiana. or the army worm
In Texas The frs, bale Oi cotton received IA Na
Toy m 4. "a
Strict Kidding. and sold at 4Oc v 10 IN gold Inc hfst
bale Of cotton in $780, as IN The same Place On
Jnlya
The Detroit and Milwaukee Railroad earned for the
week ending Augusta:
lsC6.... S.Gs27 1860. 5000 Decrease eo6O6
We take the following items from The Portage Lake
Mining gazette Of Augusta ,:
Goinq Up-The frame work Of the Isle RoyAle new stamp
mil and nearly closed H. me i9.hoaoss OF lne Sn
the frame work is set We notice also that consider
portion OF the lAtteTs machinery mas arrived ana no"
Ss,HiaS Borts-In addition TO the erection Of blast for
for smelling the Calumet eosgomerate noticed oy Us
last week Smelling Works Company are about 10 extend
their on. 40 feet out into the lake and Increase the
Tie foloTag il the July produc, OF Portage Lake Mines:
albany and Boston Hn,s-Stamp, J977l n Small Barrel
work 1875 n. Total, 80 35j y, or 10 iuns $50 ~
Haaeock Mas-Stamps 20 40 nj Mass and Barrel "a $50 d.
Total lOt. 20 n. or 81 tuns. 40 n.
The Iron exceedingly brisk at Marquette Just at
propeers Of Detroit and Chicago lines notice that
propeller. coming up from Cleveland TO load viii ore
al one time The ore is loaded fast as it !. brought down
mines and 70 supply the demsno humerSu eina
have been run day and even at night The mines
have n, trouble in furnishing all the ore required We also
learn from four eight extra ore trains are run daily over
the Peninsula Road 10 Escsnaha
Tie Boston Trareller of Wednesday Says
THE call. for money although larger in the aggregate
s insufficient absorb the immense supply which seems 70
volume Of National Bank currency and Government green