New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-07-01
PETROLEUM AND MINING STOCKS.
FIRST BOARD.
SATURDAY. June 29-P. n

Gold opened at 1884 and closed firm at that price.
The cleanngs at the Gold Exchange Bank were So.
$4,000, and the balances, sl,2l6,S7l.
Government bonds are firm with a moderate bust
ness and but small lots are offered in the general
market The miscellaneous share list is more active
Mariposa preferred sold up to 24l; Atlantic Mall 1921;
Pacific Mail stood at l40l; Quicksilver SIT and Cum
berland Coal, 35i. The Express stocks were heavy;
Adams selling at G2i closing at Ga American Express
62I; Merchants Union Express was steady at 20 bid
The Railway Share market opened very strong, Erie
selling at ca New-York Central, 1911; Cleveland
and Pittsburgh, S. Northwestern and Cincinnati,
AL; and the same eagerness was manifested MS for
the past week At tho board the market was firm
and all the leading shares brought full prices closing
strong After the board there was pressure to sell
to realize and Erie and Michigan made sharp decline
and the balance of tho list sold off from TO per cent
and for short time the market was dull and heavy,
but at the 1 o'clock board the market all improved
and prices rallied sharply. Erie is delivered with
great rregularity owing the immense transactions
but there is scarcity of stocks, and all tho active
shares can DO borrowed at per cent After the
board the market was dull and generally lower, but
late in tho day rallied and closed strong at quota
TONS Tho following are the closing prices
New-York Central, 1Oila1Oii; Erie, 66I067J Read
ing, 106I0109 Michigan Southern, 77I97S; Cleye-
land and Pittsburgh, sj!0S5l Rock Island, 95i095i;
Northwestern 43s043J Northwestern Preferred,
61s0G4I Fort Wayne, 1OOI0lOl.
The money market is freely supplied on call at low
rates. and for the speculation Of the street capital is
as abundant as when the Treasury was issuing legal
tender without stint This state of things proceeds
from two causes. In the first place, prices Of all
commodities so much reduced that upon exist
ing bank credits and currency movements are as
- ~ 4. - A l.
in legal tender was at its maximum The season of
the year also favors abundant money CALL and this
advantage will remain to borrowers until the crops
commence TO move to market AS there is nothing q
consequence Of the old crop TO move, the demand
for capital will not be active enough TO disturb the
general money market until the usual Summer holt
days have substantially passed. AS the money mar
ket now appears there is to anticipate
rampant speculations in Wall-st, followed by
the usual reaction. Many stocks have already
realized all the advance the movement Of
a full crop should secure to them, and
few of them can be called cheap compared with
solid investments in National State stocks. Call
loans at 40G per cent, and stocks scarce
that anything salable is taken asNcollateral. Com
mercia paper of short date sells at per cent and
some names pass at lower prices
Foreign Exchange is dull Bills at 90 days, on Lon
don are quoted at 1099l09 for commercially l09.@llOh
for bankers; do at short sight lIOi91lOs Paris at
60 days, 517i0513s; do. at short sight 5.l2i95lO!;
Antwerp, 517i0513i; Swiss, 5.l7iG5.l3l; Hamburg,
s603Ga; Amsterdam, 4Oi941a; Frankfort, 4OlS4l!;
Bremen, 7SG7s9; Prussian Thalers, III 072i.
The stock market for the week has been unusually
active the transactions equaling those Of the early
DAYS of the Rebellion in extent and in rapidity of
fuctuation The whole list has moved upward, but
the great excitement s been shown in the hopeless
list, including Erie Michigan Southern, and the Ma
tional Bank stocks which have come TO be the chief
staples of speculation to the exclusion of such shares
as Michigan Central, New-York Central, Burlington
and Quincy Hudson River, Harlem. Illinois Central