New-York tribune., 1867-08-15
PETROLEUM AND MINING STOCKS.
FIRST BOARD.
WEDNESDAY, Aug. lI-P. N.

Gold closes at 140I after selling ut 1907 The clear
ings at the Gold Exchange Bank were $j35730CO
and the balance $1.34s5S5 The export of specie
to-day by the City of Washington was $4,000
Government stocks are steady, and the market
takes readily all that are offered In State stocks
railway mortgages and bank shares little doing. The
railway share market is steady, and some stocks
quite strong. For Hudson River l24l has been paid
and 12j for New-YOrk and New-Haven. Erie IL
steady, but there are no new and strong purchases
for it. The August traffic thus far is worse than
July, and the 1st Of September rapidly approach
ing when half a million of dollars is required TO
pay interest The money must be borrowed or got by
postponing payments for operating expenses and
materials The reports of Western railway people in
regard to the crops are of the most encouraging
character and great confidence in large receipts is
felt if break down in prices of grain does not keep
farmers from promptly meeting the market AT the
Second Board the market stronger and more
active, and Erie sold largely at M After the call
Erie improved and sold as high as III. The North
Western shares were also quite strong; the Common
stock selling at 49, and the Preferred at II. The bal
ance of the list sympathized with the advance but
no material advance was made in any of the other
shares. At the close the market was fraction
lower, but closed firm at quotations. The following
are the closing prices NewYork Central. 1859 1885,
Erie, 71s073; Reading, 105.01O5l; Michigan South
ern S2!as2&; Cleveland and Pittsburgh, 93ld93. !;
Rock Island 1890 1881; North Western, 47l3472 !;
Northwestern Preferred 70s al; Fort Wayne, fO5s
Money is had by leading houses at 3G4 per cent,
and at sac the street is readily supplied OH mixed
collaterals In commercial bills no change. There
is a moderate demand for currency from the INTERIOR
but not enough to affect in any degree the supply for
the street. The outflow has commenced earlier than
usual.
Foreign Exchange is weaker. Bills at 60 days on
London are quoted at 10S201G9l for commercial; /;
1O9y01O9s for bankers; do. at short sight, 109f0
1lOs Paris at GO days 51Ss0515 do at short sight,
5.150518s; Antwerp, 51ss0515; Swiss, 5.lSi0
5l5; Hamburg, 3jl0364; Amsterdam, 4OsGH ;
Frankfort, 4OI041! Bremen, 7SG7Sl; Prussian
thalers, 71iG72
In Freights to Liverpool 200 bbls. Petroleum at Is
3D. ~ 80 10, and per steamer 1000 bush. Com at 3d.
and 1000 bbls ROsn at 2s. Sd. To London 500 bbls
Rosin at 2s. p go ID 500 bbls Flour at Is. Cd. To
Rotterdam, 800 bbls. Petroleum at IS Cd. British
bark. with 1000 bbls. Spirits Turpentine, from
Wilmington TO Bristol or Liverpool at 6s.
The transactions of the Sub Treasury to-day were
Receipts for Customs, $4,000; receipts for Gold
Notes $72,OO; total receipts, S2,3ll 100 OIL total
payments, 81 1852 7S; balance $lSl.OO9,j5l 10
The extension of thirty days TO holders of August
1905 has probably been made to accommodate the
Treasury which is unable TO furnish small bonds.
AS the funding of the $j 100000 of 1908 properly pre-
cedes permanent resumption, the Treasury should at
once reserve its arrangements by which iundlng OF
the second and third issues can he made without cost
of transportation, aud in addition give TO brokers
and bankers the extreme commission authorized by
law Funding must proceed at the rate Of Si 100000
Der month TO clear the calendar of 1908 the 18th of
July. 1868 If an offer to pay transportation on
7SOs to be funded does not attract them fast
enough an additional stimulus should be
given by Offering for six months to holders OF 73Os
an absolute hceHtyyear sic per cent bond proposal
which would in short time place the treasury
where no obligation against it calling for currency
at maturity would remain. The plain legal tenders
must be made equal to gold at the earliest possible
period and to reduce them TO an amount where goid
can be offered for them, any bond should be onered