New-York tribune., 1867-10-02
PETROLEUM AND MINING sGocSs-FIRsr BOARD
TrEsDAY. Oct. II. VI.

Gold closes at 1i3, after selling at i3. 1873. The
clearing of the Gold Exchange Bank were Ssh 52 OOo
and the balances s7lj 97l
Government stocks are barely steady and large
amounts could not be placed ut the quotations Rail
way mortgages and State stocks steady. Tho old
Express stocks continue TO droop, Adams selling
down to 81! The Railway share market Is feyerlsh
Erie continues the chief point of interest. selling at
G3l dG5., and closing ut "a, GG5 With the exception
Of Erie tho market is not firm. Rock Island was
quite active, but the delay in making a dividend
checks general dealing in it. At the Second Board
all stocks were firm, i'll sympathy with Erie The
market closed dull. rs follows: New-York Central.
JOS. dlOSs; Erie, GGlaG6.; Reading lOls0lOlB:
Michigan Southern. Sliasl.; Rock Island. lG2s@
lore.: North Western Common, 4aE042.; North West
ern Preferred. GG.aG6..
Money is active at per cent. with gold interest at
the rate in many eases. Commercial paper sells at
79 per cent and second rate is not wanted ut large
interest.
Exchange continues dull and in large supply. The
rates are: London 10 days. lO9s1 O9s: sight, lO9i0
1907, commercial lOsl@l0s, Paris long 5.lil; short,
5I5: Antwerp, 5.2005.1il; Swiss. 5.20G5.l1l; Ham
burg 80: Amsterdam. IL; Frankfort 4O.aii; Bre-
men, 7S.: Berlin. 7l.d2.
Fmights-ro Liverpool 500 bbls Rosin at ~, and
per steamer 100 tcs Lard at 2,S Cd, and 1900 bush.
Corn at ed. To Glasgow, per steamer. 1900 bush.
Wheat at 3D. and per SAIL 10000 bush Wheat at cd.
70 Bremen 40 hhds Kentucky Tobacco mt 25s.: 20
hhds Virginia do. at 22s. Cd. 1000 boxes Extract
LoQwood mt I5s aud 100 bbls. Flour AT y. The char
ters are an American bark to Cork for orders at Us.
Sd. and British vessel with lOOO bbls- Petroleum
to Il direct continental port at Gs.
The business of the Sub-Treasury Receipts
for Customs SlC5OO0: Receipts for Gold Notes. 1885,,
OOO Total Receipts $l,OGJ, ,7j9llS; Total Payments,
sj0SOG2 G3: Balance $ll2.5lS.5;9 %.
The Secretary of the Treasury has authorized the
Sub-Trcasurer at New-York to give per cent GER
ticatcs in exchange for October and December Com
pound Notes and directs payment of the interest on
the compounds to be made III currency. The Secrc-
tary regards the law as mandatory" a convenient
excuse want of courage TO pay the national debt
as it natures. IT. instead of buying 1905 and losing
years interest in the form of premium. he had kept
his money to pay maturing debt and for the reduc-
ton of legal tenders which now bcbase the currency
he would have shown q decent regard for the
peated declarations he has mado since he took
Office ol the necessity Of contracting tho currency and
resuming specie payments. Thscxchangeof securities
affects tho banks as follows For each 81 600 of
pounds surrendered they get certificate of which
only 5000 can be counted legal reserve If the
whole fifty millions are used IA reduction of twenty
millions will be made in the legal tenders available
for banking purposes.
The suspension of the Croton National Bank was
announced this morning Ii is small concern. never
in tho Clearing House nor ever in high credit IL has
had several owncTs aud lately sostled ~ balances