New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-05-13
PETROLEUM AND MINING STOCKS.
SATURDAY. May ll-P. NJ

IL
Gold a. lower and closes at 1855, after selling at
1875. 1851. The exports of the week $l777.562
Government stocks continue strong and in large
demand from investing parties. The news from
Europe has given new confidence to holders, and the
opinion is everywhere expressed that large amounts
will be wanted not only upon the Continent bnt in
England. where our bonds have been in less favor.
State stocks continue firm and railway mortgages Of
second quality slow of sale. Railway shares opened
with fair degree of hrmness, but closed dull There
ia no outside demand and il is apparent TO eN-
perenced observers that the iirmness of the
past few days is an artificial condition. produced
To enable operators 10 saddle the street with
their loads, growing daily more irksome TO
carry. The Express stocks are higher Mer-
chants Union has been placed on the Regular Board
and sells at 17-eQual TO -. The Company is fast
increasing its popularity in business and the stories
told 10 its disadvantage are sheer inventions and
wholly unwarranted by the facts. At the close the
following quotations were made with dull market
New.York Central, 97!G97l; Erie, %. aC2! Reading
1851 al03.; Michigan Southern, Ga aGis; Cleveland
and Pittsburgh. 72iaI2. Rock Island. SS.GS9 /;
Fort Wayne, 9J.aG; Northwestern. s.. GAl; do.
Preferred, 9lG59. Pacific Mail, 19s6l?9; Atlantic
Mail g6a97 Ohio and Mississippi Certificates, 22.a
30. Western Union Telegraph, $685.. Government
Securities-lSSl coupon, 1llsGll1.: do registered
lllga111. $40 coupon 1862. 109G109!; do. 1864 l05l
a105s; do. 1865 l0G. do. new issue lOi.G los
1910 coupons 10. 100; $40 notes, LIST series 1890
1862; do I'd SERIES lO5.@lO5. do I'd series, 1850
lOj..
Money il 536 per cent on call and little is said of
very cheap balances on Government colIater1ls. Com
mercia paper except very short and prime Is not IN
favor Best names pass ut Gla1l. and good deal
can be had at salO. The Bank statement viii not
be so favorable those of the past four weeks The
deposits il is stated, will show gam OF s1,OOOoW
with an increase of an equal amount IN gold The
loans are up $3,0OOOOO, and the legal tenders down
$2,5OO.OOO. The Western money markets are all re-
ported active at salO per cent with great care taken
in making loans. The wool crop Will soon demand
unite large advances of money from the East and in
few weeks the wheat crop will give employment TO
q, good deal of capital which must go from the
Atlantic cities. Az the legal tender money of the
country is steadily falling, by Mr. McCullochs
judcious funding there is every reason to expect an
active money market the advances, and
little hope Of cheaper rates than the. present.
during 1861
Exchange is hardly SO strong. Bankers sterling
Mt 60 days l0S.d10S at three days, li0i&ll0. COM
mercia bills l0S.Gl09; francs at 10 days, 520!G516
Mt three days 5l5,Q512! bills on Berlin, 72G72 on
Bremen, s.079.; on Frankfort. 4lla4li: on Amster
dam, 40l 24l. on Hamburg, SG0SGs; on Antwerp
5ls.65l5.
The railway reports of earnings are not eneour-
aging. The Rock Island earned the frst week in
May:
1857 t6 $50 1863. .... .t7,S57 Dee...-..h27s7
The earnings Of the Michigan Central Railroad
Company for the month of April were
1867 t3627s3 % 1866. s343IS6 90 Inc. .tlpes 81
Some Of the roads which, with the Northwestern,
1o.A
long line in 1867, make gains which wholly de-
ceptive.
The receipts of the Des MONIES Valley Railroad, for
the month Of April were as follows:
1881. s5eloS 80 1860. 500 "a Inc. .ts6ee
The business Of the Sub-Treasury was: Receipts
for Customs $472OO0 for Gold Notes, t2s4,OOo total
Receipts, 1881 G42 Of; total Payments, &GS " 20;
Balance. $l22 ,27S 02.
In Frelghts the engagements to Liyszp00l are 1900