New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-09-26
FRipAY. Sept. IS P. NJ.

FRIDAY. Sept D-P NJ
Gold opened at AZ. sold at lf2 closing ii9s@l42i.
Cash gold was and loaned at l-GiGl3 for de-
livery The clearings at the Gold Exchange Bank
were slA JAS 600. and the balance 1888 1888 SO.
Government bonds opened dull but firm; the de-
cline has brought liberal orders from the country,
and bankers report steady demand in this quarter.
as well as an active demand over the counter for
ANAL los The argument OF operators for decline in
Governments that depreciation in the price of gold
should cause decline in Government credit, falla-
cious. The ability Of the individual or Government
to borrow money is based upon their ability TO pay
Upon this basis the United States stands in the front
rank of nations with its immense resources and in
creasing population. drawn here from every quarter
of the globe, settling our Western and Southwest
err States so that in so years wilderness is changed
into one of the richest cities on the continent and
with hundreds of other cities springing up every
line opened between the Mississippi and Rocky
Mountains increasing the material wealth Of the
country beyond the comprehension Of large portion
of the public, who talk Of the burden Of taxation
and the impossibility of paying the principal and
interest of the debt The truth of the matter ia that
an honest collection of revenue now would meet the
current liabilities of the Government and leave a
large surplus to reduce the debt. With our rapidly
increasing wealth we shall be able to reduce
il largely before maturity and then fund
the balance at the rate OF interest paid
by other nations with not half our resources
State bonds are quiet with sales Of North Carolina
ex-CoupOn at IS; new bonds, 7Sid74 Tennessee ex
Coupons, co.: new bonds, Gss. Virginia per cent
ex-Coupons, "a. Missouri per cent, Han
nbal and st. Joseph issue, %. Railway
bonds were firm: Mariposa, 10: certificates
sold at 10, buyer co; Cumberland. 49, Mari
posa Preferred III. Express shares were dull;
Wells & Fargo cot; American, 49i; United States 80;
Merchants Union Express 2iia 24: Pacific Mail was
active selling Mt l1lal09l closing Ill bid Railway
shares opened dull but improved after the First
Board. Erie was most active selling at 50i849I 950s.
New-YOrk Central and Reading were both higher,
aud slight advance was made in the Western
shares. At the Board the market was dull.
and prices generally steady. Hudson sold
at l40 Erie Preferred, 90; NewYork and New IIa-
ven, 14o Michigan Southern, s3! st. Paul Preferred
80. a93I; Cleveland and Pittsburgh, $751; Rock Island
1tl; Toledo and Wabash 81; Fort Wayne, lOS.
Chicago and Alton, 1852; Northwestern shares, 81.
After the Board the market was firm but dull, and
at the o'clock call remained steady, with an i'm
in prices on the street. At the Second
Board there was a general Improvement in prices
At the close the market was active, with an advance
Of II in New-York Central. Reading was IN demand
nj 0ii Northwestern Common was II higher. tho
Preferred per cent, Toledo and Wabash per cent
and the balance Of the list from .Gl per cent from
the lowest prices Of tho day. Cleveland and Pitts