New-York tribune., 1867-09-04
PETROLEUM AND MINING STOCKS.
FIRST BOARD.
SALES.
TUESDAY, Sept. 3-P. n.
Gold closes at l4ls.

Gold closes at 1919.
The clearings at the Gold Exchange Bank were
49,. 5000 and the balance s990.9l6.
There is n steady supply of Governments on
tho market sfrom parties holding them as tenn
porary investment realizing to procure funds Tor
regular business State stocks are firm, but dull
The miscellaneous stocks not popular with spec
ulators, and quotations nominal. The general
speculative list opened firm, and the majority OF
operators disposed TO regard the bank statement
as one upon which an advance could be safely based
After the call the market wassteady AT the Second
Board the market steady and after the call there
was an improved demand for New-fork Central
which sold at 1867. Erie. Michigan Southern. and
Rock Island were in demand and were steady at quo
tations The market closed firm at quotations. New
York Central l052al05I; Erie, 70lG70!; Reading
l03i9l03; Michigan Southern, S3saS3!; North West
ern common, 4Gl6i6l Northwestern, preferred, 1Ot
Q70,; Rock Island 103I9l04; Fort Wayne, lOot.
Money on call continues in full supply at the re-
cent low rate Some loans are still made at 3, but
435 are the more common rates. The legal tender
in bank next week promises to show further small
gain but they being steadily depleted OF their
legal tenders, as will be seen by an examination OF
their reports During the month of August, the
Secretary of the Treasury spent his entire receipts
and reduced his balance thirty millions of dollars
banks; but such has not been the While the
Sub-Treasury has been lightened aud the balance
reduced to the smallest limit consistent with its
comfortable administration the banks of New-fork
have reduced their legal tenders $7,l66l9l. the
amounts standing as follows
LEGAL TENDERS IN NETWORK CITY BANKS
s75,Oss.769 so7,sS2.Su S,lool9i
The September debt statement will not be calcu-
lated TO stimulate banks with an expansion of credits
in the month of August legal tender has been de-
stroyed the extent of full s30OOO0OO and the Sec
retarys items will probably stand az follows:
Legal TENDER. s60,i6iOOo ts65,l6aOOO 100000
Compounds...... ios,S29Ooo S2,S29OOo 26OooOo
Total legal tender s47 $4,000 sl474ssOoo sS0OooOoo
These arc unofficial, but there is every reason to
suppose that the official figures will show quite
favorably far the reduction of the legal tender
is concerned Assuming the figures TO be correct the
year ending Sept l. 1868, will show the retirement of
the following sums in legal tender or call loans on
tho Treasury, counted by their holders as legal
tender:
Temporary Loans. vi. 100000 ''''.' si5SOo 900
u. g. Notes 399 G00.000 t365 100000 3i500000
Compounds. .iS0Ho"o S2J2o,OoO 73,oTl"V
Totai..... sCoi, 100000 sn7,i29oco si5s,77i 900
The reduction of cgal-tenders, though not as great
M it was tho duty of tho Secretary to make it, is still
largo enough 10 inspire all prudent banks with
ton and to keep in their minds the necessity of
shaping their course nlhamony with Reinforcement of
tho Treasury toward specie.
Railway paper is to be had at high rates, say ll0li
| per cent per month.
Exchange is quoted firm Mt the following rates !:
London co days. l09!0lO9i; Paris, 6.l6tQ5l5; Ant,