New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-10-19
SATURDAY. oct. i7--P. Ma

SATURDAY. Oct. FTP. M.l
Gold opened at 1861, sold at 1879, closing 1864.
The clearings at the Gold Exchange Bank sl7967
OO0 and the balances $3,65GOOo 70. The bids for gold
opened at the subTreasury aggregated s9f25OOo aud
ranged from 1876 to l375 The awards made as fol-
lows: To Lounsbcrry Fanshawe, $4,000 at 1905 10
Lounsberry Faushawe, $4,000 at l37l6 Th" specie
shnments to-day we're slSil73 per Vile do Paris. and
S7O per CITY Of London Tho total for the week Is SiO
5l3.
Government bonds continue active at an advance or
al pcr Gene yesterdays prices. The demand 10
buy continues increase daily. and the market Is being
relieved Of largo blocks By investors, who have waited to
ace politcal affairs take clear shape before investing
The amount of bonds the street Is very light Tor
the past years the disturbed state OF political ahaS
caused by the quarrel between Congress and the Execu
tive has parayzcd all commercial business. aud pre-
vented new enterprises Of internal improvements THIS
has forced large OF capital into Governments as
the only sure investment The foreign demand has also
been on the steady Increase, so that during the
past year over sioo.oooooq have been exported,
aud tho demand still continues and has now
extended the bonds which are In steady request
for shipment by the The demand from domestic
investors continues active, with little desire shown to
sell by purchasers az lower prices The verdict OF the
people at the October elections las changed the entire
current Of affairs The election Of Grant nSures stable
government and honest payment OF the debt; already
the symptoms improvement Of confidence is Shown
I'm commercial circles well among the spectators
Of Walst II IL anticipated that the next four years viii
of unexampled prosperity Of the country. with
great development 81 internal Improvements. The
opening Of the Pacific Road will give impetus to bus
ness In all departments. The immense territory now
opened for the first time civilization viii be developed
In its iucxhausblc wealth OF mining and farming pro-
ducts aud Increase our material wealth TO extent that
would appear fabulous. With this Increased pros
perty the burden OF the debt will be lghtencd every
year. and should be- eXtnguished by the present
generation No country in the world, with the
exception OF Russia has much undeveloped wealth.
aud the activity OF people, that political
affairs be adjusted. will Immediately develop the
untold mineral wealth Of the Western territories. For
eigners will continue 20 absorb bonds that ali that
may be sold here by investors will pass from the country
aud be absorbed the early issues u the Fyetwenes
have already b,sn. At tho close tho prices were the
highest Of the day the market closing strong and excited
state bonds Itnue show n sharp advance. Tonnes
per sold at at73 Virginia per cent, 60
North Caronas. 6si bonds GsaGIi Missouri per
cent on Railroad bonds steady Canton advanced
per cent, selling at 28l Miscellaneous stocks were
neglected. Express shares dull with the exception
of Adams which advanced to SET Pacific Mail continues
In demand the steamer sailing yesterday carried
fun cargo OF freight and passengers at the advanced
rates and an early resumption OF dividends Is expected
The Stock Exchange continues 10 present OF III
tense activity aud excitement, with enormous transae
tho point where IL has become mania, In 20
and o. At the opening prices were fully up To the high
prices Of yesterday but at the boards there
heavy sales TO realize profits Of the advance and the
active reacted from cent the largest decline
being upon Fort Wayne, which has shown large ad |
vance ST. Paul stocks lower but the only hlnt -
put the prices asked by the OF tho stock Is
united 10 the ability OF the shorts 20 respond, and tue
stock could well be quoted 80 as l6. The North
Western shares Reading. Rock Island Michigan southern.
Cleveland and Pittsburgh and Toledo continue active,
With the Of much higher prices friends.
holders Western shares point the earnings OF the
Dads basis OF their values Although the amount OF
rain received Chicago not 60 per cent heavy
Is last year, the earnings OF the roads scattering
hero show but little falling OF. and In
gains shown the flush times Of last year
when the roads fully taxed to brsadstus this
hows the Immense increase 10 the deyelopme OF the
traffic Of the rosds and can DC accounted for in
her way AZ the o'clock Board prices wore strong
decline. st. Paul stocks exception, being
uoted per lower the Preferred, and cent
IN the Common, but afterward rallied TO Ill for the Com
non and III tho Preferred The market closed firm
Governments closed strong and very active at quota