New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-08-19
nrI,N Rn.Rn or RRoKERs-;il P. "
TUESDAY, AUG. Is-r. NJ.

TUESDAY, Aug. JS-i "
Gold closed at 1866 sold at l46! 1852 closing weak
az 1850 49,.
The clearings at the Gold Exchange Bank were
s744G5 OOo and the balances, slC32,557 TO- The Gin
bria for Hamburg took ont slS361 in specie.
Government bonds continue depressed and heavy
Sales were made by banks and others who have been
carving bonds through the easy money market.
The decline was per cent on the list State bonds
were steady. Tennessee eX-coupon, %; New Dohus'
est North Carolina eX-cOupOn, i3i New bOnds' ia
Railway bonds were steady. Delaware and Hudson
declined 10 1861 Western Union was hrmer, selling
at3G. Pacific Mail sold at 102 afterward declining
70 1Ol Cary Improvement II. Express shares were
dull aud weak at the opening, and at the last Board
sold Of from to u per cent and were feebly sup
ported az the decline
The Railway share market opened barely steady
with sales of New-York Central at 1866, and Erie at
522. The balance of the market was without spirit
At the First Board there pressure to sell Cen
tral and Erie and after the call the disposition eX
tended 10 the whole market holders having lost all
confidence and being anxious to got ont The
pressure TO sell continued until the close, and ran
into a panic. New-York Central declining 81 per
cent: Erie ( percent Reading per cent Mchl-
gan Southern per cent; Cleveland and Pittsburgh,
2per cent Rock Island per cent; Fort Wayne
was heavy at decline of 3 per cent from the open
iug aud the entire list was pfcSScd luI st WIN ''o
exception of the Northwestern shares, which were
held firm by the clique who sold irsts ut so for ~
DAYS. and maintained the price of the stock at
fraction above that price At the close the market
was unsupported, and the desire 10 sell continues
Holders of New-Yorz Central have become tired OF
carving their stock on hopes Of the long delayed
Hcrip dividend and were anxious to realize. Erie Is
entirely on the street and party appears TO desire
TO purchase II for a control of its management and
ID is gradually working out of sight, entllng heavy
and ruinous losses upon its holders. The outside
public hold but a small amount of the stocks on the
street and the decline is caused principally by sales
by the cliqucs and their friends, who are unwilling
and unable TO carry longer the heavy loads that the
easy money market has tempted them into purchas-
ing The management Of railway property has not
been such as 10 inspire large purchases by investors
and the bulk Of the stocks dealt in at the Stock TX
change are held on very moderate margins, and, as
IA usual on the first move toward healthy state Of
trade, and a consequent active money market large
blocks are thrown upOnlthe market. The decline
viii continue until prices approximate 10 something
near the real value of the properties represented ell
failing heavy losses on their holders.
Government bonds closed weak and unsettled
g. 1871 Reg ia Ola $500 Co o5l07; Sl07E
o. 6s 1881 COul4 01l44 U. s $50 COu 81 .l0i3 ol0t
u 6 SO los al0s u. s. $40 COu IS l07t 6l0lS
o. so COu g.. Il35 d113s u. 5. 1910 Reg. 0J Gl0
u. = 81 CUn Ca. l034 lO5k u = 100 COu lOSk0 lOo