New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-12-14
PETROLEUM AND MINING srocKs--ERsr hoard
ERInAK. Dec. 1a-PM.


Gold is steady closing at 1884, after selling at 1874
G133..
Government bonds were steady at yesterdays de-
cline Tennessee Cs, new, fell to 6S Ii railway
bonds no change. Pacific Mail continues firm, and
sold at 126. Western Union Telegraph is steady. No
dividend viii be paid in January, the earnings hav-
ing been used in another direction Express stocks
are still dull The dealings in railway shares at the
Stock Exchange were moderate. New-York Central
fell per cent and Cleveland and Pittsburgh rose I.
The rest of the list was steady After the call prices
were barely sustained but the decline attracted new
BUYERS and prices recovered most Of the decline. NJ
the Second Board the market was sluggish. ana
prices barely sustained. The closing rates were rs
follows: Tennessee per cent ex coupon, o9Hooi;
do, new, 62Ia62l Missouri per cent, %a%f;
Canton. 45iG46l Cumberland, 26G2s; Western
Union SSBSSi Quick silver 22d22l Mariposa 7.G9;
Mariposa Preferred, 15GlH Pacific Mail, FARO
1919: Atlantic Mail, 1lSallsl; Boston Water Power.
l74al73: New-York Central, 1lG!GliGs; Erie, 72sS
70; Erie Preferred, 7SG7i; Hudson, l5@0lS2;
Reading. $685.; Michigan Central, llO4GllO Mich
igan Southern, SlsdSll; Cleveland and Pittsburgh.
S}I dsi; Illinois Central, 1S2G 1873; Northwestern
5s45s: do Preferred G7G61I; Cleveland and Toledo.
lOSalO3. St. Paul. 42.a42i; do. Preferred &GO@;
Rock Island. 90! G95s Fort Wayne, @34@i.
In commercial paper there is special change Short
ot 7laq for best and IOal2 per cent forsecond
grade. Lenders give decided preference TO short
engagements, and call loans are in great favor with
norties who usually keep their capital active III mer
chants bills.
Tn, nronositon 10 give more elasticity 10 the cur
rency bv taking money on deposit by the Treasury
ON demand. when it is superintendent and cheap
and restoring if 10 circulation when interest Is hlgh
aud capit,l scarce meets with favor, but the plan
can be amended TO advantage. If tho treasury
intends 10 become a Trust Company OF q savings
Bank il should not allow more interest than those
institutions allow if 80 much. IL can get large suns
at three per cent To give elasticity TO the curehoy
:, h. only ~ provide that II will loan on demand 10
nortics hedging bearing bonds s. per
cent of their par value III currency at
: ner cent. This would provide borrowers with
Government coaterals a source of relief III strn-
cent money market, or at the time when the crops
were 70 be moved. People would not be likely 10
oyertrade upon currency thus obtained, as would 10
the case under Mr. LynCh's proposition to have
financial balloon Of $3O00OOO0." convertible into
bonds and recoverable into currency, as the money
market made ii profitable Most OF the schemes oe
fore Congress will be debated to DEATH and the SEES
sion end, probably with no material changes maho
in existing loans. Contraction will cease, for th0
sufficient reason that the Treasury is i'll no condition
TO continue that policy.
Freights, TO Liverpool, 9l.OOe bush. Corn at o'd'
and by steamer zoo bales Cotton at 3D.; 90 DoAeS
Bacon at ass; 500 ties. Beef at U.s. 6d. 2'Ooo ooAes
Cheese Mt Sos, and $50 bbls. Pork at 5s Od'
Bills mt 60 days on London arc quoted at lO9bHiV'i
for commercial; iO9i0iO9I for bankers; do at short
sight. lO!GllOs; Paris at 60 days, 5l5a5l@l; do
short sight. 512la5lO; Hamburg, S6!G56s; Amster-
dam. 4i0Hl; Frankfort, 4l94l!j Bremen 79@'"i
Prussian thalers, 7l.G72a
The Clearing House Clerk of the Bank of the S'ato
Of New-York was robbed this morning Of checks !"