New-York tribune., 1867-10-05
PETROLEUM AND MINI" sroC
FRIDAY. Oct. l-r. ".

Gold closed at 145l. after selling at liiialljt. The
cearings Of tho Gold Exchange Bank t9l 900.
and the balances 81 .527.Gl4.
Government stocks continue TO droop upon all tho
issues of 1885, selling down TO 1867 State stocks are
lower. New Tennessee Us foil I; Georgia ts. b. and
Missouri Cs. ;. Railway bonds steady. The mis-
cellanepus shares were lower In the railway
share list large business done, and quotations
wero sustained in view OF the sharp demand for
money Cash stock freely offered. and i0i per
cent paid for regular" cash. Spcoulators for
an advance in the belief that easy money market
and higher prices certain next week. made
great exertions to carry their loads until this
anticipation became reality. After the public
Board there was a rush to buy Eric at 65s, and
New-York Central at 1lOl. At the Second Board the
market was strong on all the speculative shares
After the call the market remained firm until the
open Board, when there was break of per cent in
Erie and per cent in New-YorlS Central and q small
decline in tho balance of the list but at the delivery
there were eager buyers and the market closed firm
at quotations The closing pr1ccs were: Ncw-York
Central, l09l0i09 Erie, 6fl4Gis Reading, lOllN
1Oil: Michigan Southern, s0s3sO,; Rock Island.
l02.0l021; Northwestern Common. 42ilo42i;
Northwestern Preferred, GGl9GG.; Fort Wayne,
9g3alOO.
Money continues active and moro than legal inter
est is readily had. On stocks per cent for three
days WAS paid in many eases. Commercial paper Is
neglected, and best names pass at 119 per cent for
short dated. IL is argued that rs soon the bank
statements made those institutions will be free
lenders again. but this position is disputed in view Of
the Western adviGes, which unite in saying that the
crops must bc moved by further advances of Eastern
money, not at ALL Upon this theory the present
strngency promises to DO protracted far local
borrowers for speculative purposes concerned. for
the crop must be moved. As the banks arc stu
ated they cannot sustain their present burden
of Government and Railway stocks. and at
the same time use their deposits in the ordinary
mercal channels. Having used their capital and de
pOsits in sustaining specuations, they not IN
diton TO give facilities TO the crops upon which
the vitality of their collatcas for their call loans
depend. The day closed upon very stringent mar
ket leading houses Offering per cent in gold and
per cent over night stocks carried Al the close
OF bank hours money was moro in demand than for
years, and heavy commissions paid to turn
stocks. In many cases there was money TO be
had and numbers of brokers obliged TO deposit
their securities in bank, and thus make forced loan
to checks that had been previously certified
good.
Exchange is in more demand London, GO days. 100
@lO9!; sight lO9s@l09l; commercial los. iCSl Paris
long, 5l7l; short, 5.l5; Antwerp, 59oG5.l7i; SWISS
52o05l7l Hamburg SjI9S6; Amsterdam, 4o.G04l
Frankfort 4O.0iOs Bremen. 7ssaS.; Berlin u.
0n..
Freights TO Liverpool, 100 tuns Oh Cake Mt l7s Cd,
and per steamer. l.COO bbls Flour Mt 2s 3d., and
! iO0 bush. Wheat 1T cd: TO london. 200 Dbl,