New-York tribune., 1867-10-19
PETROLEUM AND MINING STOCKS FIRST BOARD.
FRIDAY. oct is-P. NJ

FRIDAY, OCT. lb-P. NJ
Gold is quoted at the close liil The cleanngs at
the Gold Exchange Bank were $772A,OOO, and the
balance $SS9.9O3 n.
Government stocks not improved and thore IA
a steady supply from parties wanting money in their
business, and to paying the current rates on
commercial bills In State stocks and railway mort
cages little doing. The share market opened weak,
Erie and Northwestern Common leading tho mar
ket BUYERS for an advance decreasing in NUM-
bers and courage and not disposed to take stocks
which have been largely inflated. from holders who
are able to carry them until they are in turn forced
to sell by a money pressure Great combinations OF
capitalsts gambling in stocks, impelled by tho
same impulses as curb-stone OPERATORS; they want
profits, not stocks. and are as capable OF
being ruined by operations against the laws
Of trade as the cnrb stono people are OF
being broken by operating against cliques. The
range of Erie has been II. 72is7ll. closing at 7Oi
At the Second Board the market was lower. Read
ing was weak, and sold at 100. The Northwestern
shares were firmly held. Fort Wayne was weak.
After the Board the market excessively dull and
at the close there was decline Of i0I por cent
the active shares; the market closed heavy, with
tendency TO lower figures: N. Y. Central lllt@llli;
Erie, 7Ol07O.; Reading, 99!099s; Michigan South
crn. 7g,9sO Cleveland and Pittsburgh, s3l; Rock
Island 96ll0gGI: n. w. Common, 45I046; n w Pre-
ferred, 6Gs96Gl.
Money is in active demand at 7per cent; gold in
terest is freely paid and upon stocks turned much
higher rates arc taken. There has been demand
for greenbacks among banks to-day, and IA a rule
these institutions poor and iDdlsposcd TO loan to
the best borrowers. The demand for currency TO
move grain has fallen to low point, and enough has
probably been sont West TO pinch along with under
tight money market. The city is still losing cur
rency to nearby points to move the butter cheese.
and other farm products which require good deal
of cash. though its borrowers are not so noisy and so
much talked about as the grain trade. The next
drain of magnitude will come on account OF the cot
ton trade. Prices Of cotton are lower than was an
ticpatcd, but the demand TO move the crops cannot
be filed without calling money now used in carrying
out enormous railway spcculatons. The Bank State
ment of the coming week is expected to show con-
traction in the loans and deposits with loss in legal
tenders out Of proportion TO the decreased liabilities
Commercial paper sells slowly at 70l0 per cent.
The transactions at the SubTreasury were; Re
cepts for Customs $29l 900: Receipts for Gold Notes
$96S.OOO; Total Receipts, $221Oi5 o. Total Pay
ments, 81, ,lG1, 800 "a; Balance. $ll4,4OS,490 IL.
Exchange is lower and bills accumulating. The
rates are London, GO days, OS.9lOSl do. sight, 1O9
01O9i; Paris, long, 5.20051si; do. short, 517lG
5l6i; Antwerp, 5.9li051S,; Swiss, 52lt951S! {;
Hamburg. 35I036; Amsterdam, 4OF@4l; Frankfort
4O,94OI; Bremen, 7sl07SI; Berlin, T.@7S
Freights are lower. and the business is larger.
The engagements TO Liverpool are 2Oo
bbls Flour at 3ls $4,000 bush Wheat at lid, in bulk
500 bls. RosIn at 2s. Cd; 400 bbls. do on private
terms, and, per steamer. 1000 bales Cotton at Sd
To London-3O,OOO bush. Wheat at lld 1900 bbis
Flour at IS. 5d.a3s AID. The charters are British
brig 10 Bristol Channel with 1000 qrs. Wheat at 's
An American bark. same voyage, 5000 qrs. Wheat ON
private terms A vessel with 5000 ora Wheat to Cork
for nnle-- n q fd WI Mfh 5000 bbls. Petr0