New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-10-02

THURSDAY, Oct ~ A.
Gold opened at 140a sold AT 1884, 140f, 1897,
1897 closing 1899
Cash gold was plentiful. loaning from fat To per
cent for carrying; the bulk Of loans made al
per cent; the closing rate was from 10 per cent.
The clearings at tho Gold Exchange Bank were
$50 4Ol Goo and the balances S25ij,o2 Il. Govern
nlents opened dull and weak, at decline Of I to
per cent from the closing prices of yesterday. The
decline, however, brought IN large number OF
orders from investors and at the decline large pur
chases Of bonds would have been made the deal
DESTROYS OF selling but THEN stock on hand is ex
tremely light not than one-tfth of what It was
last year at this Time and the decline brings but few
investment bonds on the market. The new bonds,
with per cent interest accumulated, and only cost.
at to-days prices. l0 which, for an nDdoubted Coy
eminent per cent gold bond having four years to
run sure is cheap enough 10 tempt the most timid
investors. In addition TO this fact the
assurance of Grants election. which is con
eeded III all quarters. will advance the
price Of our bonds abroad. The certainty of pay
ment of principal and interest in gold will stimulate
the demand that is already large, 10 degree that
will drain MS of all our surplus bonds and advance
the price 10 an extent that viii tempt investors TO
sell and invest ia other quarters as has been the case
with the original holders of CPS. 1t is idle to sup
pose that the Germans, who purchased bonds in the
midst of our civil strife viii not the assurance of
prompt acknowledgment Of the fact that they will
be paid intended by the original contract cease to
buy security which at par in gold pays them larger
interest than they can receive IN any other
Investment, and we shall yet STE MI onr
floating bonds pass IN this direction
State aud Railway bonds were affected by the money
pressure. and sparngly dealt III at lower prices
New Tonnessecs sold at 6S: ex-coupons Clg North
lii 10
Missouri per cent 9il Mariposa first Mortgage
bonds sold al rs. Mariposa Preferred was very ac-
tive selling at l2s 49,. ~: closing at l2.. Delaware
and Hudson sold at 1871. Express shares were
strong Adams, SCI; Wells-Farp0 81; American, 40
United States, ~ IL is reported that Tie
American and Merchants Union Companies are
10 be consolidated iuto one corporation, there
by making great saving IN expenses
The stock market opened duh and weak. under
pressureof sales Of stock 10y weak bolders who took
This method Of relieving themselves OF THEN load, IN
preference 10 borrowing money at present rates, but
as soon rs they had relieved themselves the market
advanced and prices were from lQ24 per cent higher
than the opening rates with steady bidding for al
the leading shares Pacific Mail after selling at lO
advanced 10 112: NewYoik Genital sold al 1860
1915 Erie, 80. a ~; Reading t0sa04.; Northwest
eTn shares S dso; Rock Island lOl. lO2. Chicago
at 100 exdiydcnd aud is oversold 70 the extent that
parties short are willing 10 borrow itvithout interest
for delivery, and it is much scarcor than money.
Al other shares are also in good borrowing demand,
tie money squeeze So far not having brought any
considerable amounts on the market. After the
o'clock Board there was q further sharp rise New
York Central which sold al l2Sl and Enc which sold
al 49!. The entire list showed improvement of a
:. Al the advanc there were enormous transactions
IN Erie which declined IN few moments to ~.
New York Central declined 10 1871 the Western list
remaining steady. AT the close New-YOrk Central
sold AT l25, Erie ~. With decline Of ia3 on the
res Of The list The market became unsettled az the
close, nnder reports that the Sub-TTeasurer sold n
large amount Of gold after O'clock, deliverable to-
morrow. Government bonds showed sharp improve
nent in prices at the close, being per cent higher
on the new bonds. The demand continued until the
close and the amount taken over the counters to-day
has been very large.
L. s. - 1851. Rcg..n23 zn9 .UGE2oco new 6'los rlo3