New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-01-18


Gold continue i.u aud after selling al i3s closed
at 1.6. e i5u..
Government stocks ere steady, with moderate sales
As compared viii yesterday mornings Board Ten
uossee IS fell 70 Ohio ard mississippi Certificates -
Western Union l. Adams Express :, Pacific Nail and
Nev-York Central Z, Erie -. Reading II. Michigan
Central ], Michigan Southern H. Illinois Central J.,
Cleveland and Pittsburgh T., Northwestern ., do.
Pref, Ired T. Rock Island T., and Fort Wayne o..
Afcr the call the uaIkct was dull but the Second
Board slight recovery was shown upon several
shares There are great cleuiOns to carry siocks
by the bulls, who freely pay from 5 To per cent
for turning stocks ior 20 Gays or IL per cent per an
mum. The bull operators are for tie moment aided
by nearly al the Old and chronic bears with what
small reSult the market shows. At The Second Board
Pacific Mail fclI 2 per cent, Ncw-York Central J.,
E,ie I. Reading Michigan Central Michigan
Southern T. aud Hlinois,CcntEal, 4. Northwest
ern rose e. North torn Preferred J, and Rock
Island ;. The last prices were as follows with
downward tendency; New-York Central, lOS.ool0's;
Erie. Cgl aCi; Reading 1Oj 1893 Michigan south
EN-. ~ 49,. Northwestern i2}G32l; Northwest
eIn Preferred sO,a6O2; Rock Island, lo0t q 100, /;
Fort Wayne, 90 49,.
Money is per cent ON call, and The best houses are
ready 10 pay il on the hcs cOllatcrals Commercial
paper passes at 7aS for hest, aud 9G10 for second
grade Business in Wall-st. opened ut moderate
advance upon the low quotations of last night, but
broke again az usual under attempts 10 realize. The
market is full of cliVeS anxious TO get ont, but as
yctunable 10 see the way 20 unload without making
large losses As financial affairs nov stand prices
may be kept steady fOI a while by courage capital
and adrot manipulation, but the break down can
only be postponed, not escaped from Those who re-
member the course of prices when the currency
1s Il. .f t.sypl flp.I.4p a
viii recall the fact that prices did not
then advance suddenly. On the other hand,
there was quite an extended interval between
the first issues of paper and the strong
upward movement ia prices of stocks and commodi
ties So at the present time the decrease of legal
tenders does not at once prccpitate the return to
natural prices rs fast many expect, but the final
result Il no less certain Just there is an enor
NOUS bull interest" in stocks and commodities
able and willing 10 make any sacrifice of capital to
postpone losses in whatever they own or may be
carrying credit at higher prices; and this il is
which counteracts in q great degree the swift move
ment Of prices downward But none OF the present
podicnts to avoid the operation of natural financial
laws can have anything but temporary effect, and
prices are liable at any moment TO move rs rapidly
downward under the combined effect Of legislation
and the withdrawal Of legal tenders as they moved
inward when these two were set in motion in
The direction Of expansion. Many articles of produce
have taken long strides downward-cottOn and hog
products for instanceand everything else viii not
fil Of getting its turn 10 move down TO gold prices
taking the markets Of the world as the standard Of
permanent valHe. The present is good time =" TO
buy money! which is steadily advancing in its power
10 buy everything else and TO owe az litteas possible
in any direction.
The Mining Board is more active, but since the
Ayers Mill and DOwneville traps were sprung
operators are cautious. Consolidated Gregory was
put npv 10 $if 10 in The morping. The stock
ha,r recently been in demand. under the i'm
preston that there was q pool" in it, but tho
latest statement is that the pool was simply a
inanouycr TO saddle the street with 10000 shares
Of stock, costing its owners o nominal snm. Cory
don sOlJ OF q 9lQfG Gold IIip Of a 80. aud Quartz