New-York tribune., 1867-08-02
Mining Stocks.
TnrRspAY. Aug. 1-P. NJ.

THURSDAY, Aug. 1-P. NJ.
Gold closed at 14O4 The Deutchland for Bremen
took out s6s7 100 The clearings at the Gold Exchange
Rank were s43, ,O33, ,OOO and the balance $SS,Oj6.
Governments are barely sustained, under conth-
ned sales by banks disposed to realize to get their
funds where they can be more available. The profits
to banks from dealing in and holding Government
stocks since January, 1866 have been very large
indeed the source from whence their recent fat dy
dends have been made-and il is not surprising that
free sales are made at the current high rates In
State stocks and railway mortgages little dong
Bank shares are firm, and the miscellaneous list neg
lected The railway share market Is feverish, and
prices Of clique stocks are given an appear
ance of strength by bidding for large amounts
Marietta and Cincinnati first Preferred has adj
yanced per cent since yesterday. Its value, so lar
as income is concerned, is next to nothing. Alter
the call prices were frmer, but there no strong
buying At the Second Board the Market was
steady and Erie sold at 7Gi but after the call de-
clined TO 76f. The market was without animation.
and the bidding weak. The closing prices were :
New-York Central lO50105!; Eric, 7jsa759; Read
ing, 1O7a a1O7l Michigan Southern s0sGSl; Cleve-
land and Pittsburgh 9j a95l Rock Island, 1920 1922.
North-Western 4Ssa4SI; Northwestern Preferred.
nGut; Fort Wayne, 1OGlG1oG9
Eypress stocks are quoted as follows: Adams, Ma
747. American 1905; United States, 7Il07S Wells,
Fargo & Co, GGl0G7 Merchants Union $50 PAID
lGG17.
Money ON call is 496 per cent Commercial paper
is dull at G07 per cent for best.
Exchange is not so firm and is quotod rs follows:
London 60 days 1lOs; sight l1O,; Paris long 5l3.@
512t; short 51l3051Oi; Antwerp, 5.lG405l5; Swiss,
516Ia5l5; Hamburg, 36l0S63; Amsterdam, 49! @4ls;
Frankfort, Az: Bremen, 79G70. Berlin, 72!G72l.
The plethora of capital for speculative purposes
continues. sud all borrowers Of fair credit are
supnied at low rates From all parts of the country
the crop reports surpass the expectations of tho
farmer. and il is conceded fact that the agricul-
tural wealth from the harvest of 1861 will equal any
ever known This state of things does not, as was
anticipated stimulate speculative operations nor has
il ouickened legitimate business sensbly thus far.
An abundant harvest means cheaper bread, cheaper
labor cheaper real estate, and lower scale Of prices
for everything contributing to tho wants OF
luxuries of the people. 1t means that
money is to increase in its buying power,
which inclines the owners of money TO keep 1t III
chose control until the time arrives when II can be put
into permanent property at lower prices lt shows TO
debtors who have nothing but property topay with,
that two bushels of grain must go to pay Tor goods
which one bushel would have bought at the time OF
their consumption Ii means financial reconstruc-
ton which is as disagreeabe 10 debtors and spccu-
lators for RISE as political reconstruction is to tho
South. Reference to the "prces current will show
that grain the basis of cheapness IN all other COM
mOdties Is steadily falling. and the time is drawing