New-York tribune., 1868-10-10
ND BOARD-l2s O'CLOCK.



Mr. Van Dyck's letter, attempting to shield
the Treasury Department from the lust OF the
public In selling gold at the close OF the MONTH Is con-
sdered lame and impotent He Acknowledges that the
Secretary considered the currency balance insufficient
and viewed the condition OF the Treasury with appre-
henson the 1st Of September, when gold was 1885, but
until tho lld attempt made to repenish, and he
at last commenced TO sell just at the time when money
commenced TO be active and also at the exact moment
when the bears expected he would do So Had this not
been the third time within year that the Treasury De-
partment had assisted stringent money market might
have passed mistake. but human ereduy Is rather
oyertaxed TO believe that three times within one year,
the Secretary the innocent victim OF Wallst'
manipulators decline In stocks Mr. Van Dyck also
omits 10 mention any sales OF bonds in September
The debt statement shows an increase Of over
s3GO0OOO In the 8 20 bonds, aud the public would
be glad to know TO whom they sold, and at what
rate Also the class OF bonds sold. As lie now states
no more bonds to be sold. and the maximum OF the
gold debt reached these figures are absolutely necessary
80 that statement be made 1t is TO be
hoped will add the bonds sold this month also deliver
able after tho statement made. Mr. Van Dyck's
self gorhcaton Of the OF the Treasury De-
partment under his and Mr. McCullochs administration
Is innocent enough. but meets with response from
the mercantile community who have good reason to re-
member the many mistakes OF which the present Is fair
specimen be able to respond very heartily TO his self
Treasurer was given unlimited power during the war
the necessities OF the As yet Congress has not
shorn him OF any Of them. He holds now absolute power
over monetary interests OF the country and his espon
sbility for any hitch or mismanagement IN his
Department whereby spectators take advantage OF
his movements, cannot be shirked From Mr.. Van
Dycks standpoint there is but conclusion TO bo
reached and that that the Treasury Department is
managed with great OF foresight well great
feebleness-Mr McCulloch his showing, waiting
three weeks after his balance had fallen below safe
average before he began 10 recuperal And the fact
also patent every merchant and banker that somehow
the Washington and NewYork ring who hang about the
Treasury invariably profit by his indecson. Mr. Van
Dycks sur upon tho press unwarranted, as it re-
ected the sentiments OF the entire business community
Gold continues weak at 1921 1885, closing at l39 The
present high premium only maintained in consequence
OF the oyers0id condition OF the market, which makes
cash gold for devury. Holders have but little
chance OF advance In premium with the Government
regular seller through the month which, added TO
tho thirty millions to be paid out in November, will be
added the already the street. The cotton
crop very large and te amount TO go forward will be
than sufficient for commercial settlements and the
possibility OF any large amount being shipped is very
faint The cearings OF the Gold Exchange Bank were
s26S aud tho balances SOS96Si 23 Government bonds
were steady Tho market without speculative
activity but the investment demand continued brisk
State bonds were lower New Tennessees sold at 65i
North Carolina, Coz North Carolina new bonds 66; Mis-
souri, o per cents, 9ll Virginia per cents,
old 53l But little done In Railroad bonds.
r. press shares dull, with sales OF Adams at
US Wells, Fargo 30; American, Eai6; Merchants
Union, 21922i Mariposa Trust Certificates sold at Az
anton 4s; Delaware and Hudson, 1885, Quicksilver "a
Pacific Mail less excited selling at l25i closing i2s
The rates OF freight and passengers will be raised TO-
morrow and the advertisements OF Webbs line are al
ready withdrawn. It is stated the Company have on
hand money enough TO warrant 10 per cent dividend In
December but that they will make IL but the
payment Of per cent quarterly Immediately The stock
growing for delivery having been absorbed by
strong buyers and the short interest Is reported to DO
very heavy. Railway shares strong with the ex
cepton OF Reading. which hammered by the bears
OH tho reported strike No strike has taken place. but
demand for increased wages has been made and will |
probably be aceeded to. No disturbance OF business Is
anticipated by the officers OF the Company. The |
prices declined TO 9Si afterward advancing 10 95s
SewYork Central was strong, selling at l29t The |
short interest made upon the cutting OF rates has
Deen very large. aud the stock Ia IN sharp bor-
rowing demand. Illinois Central sold at las;
and Cincinnati, so; Cleveland and Pitts
Durgh s7a The North Western shares adyanceblio ss3
81 Paul Commcn 9t the preferred stock sold largely nc
O0 Fort Wayne lower selling at li0s: Rock Island
buoyant opening at lOi, advancing so 1854, with
strong buyers throughout the day AT the close Reading
md tho Western shares strong, NewYork Central
aud Erie were lower, but desire to press sales
shown Government bonds closed strong, at quotations
L. g. Pao R. 99alOO u. =. 20 Cou 65. .li0i gliOi
IT, b. Gs 1881 Reg 112i dll3 US52O Co new 6olOs 6l0Ss
IT, b. Is. 1881 Cou. .13lGlH u $40 Cou 67 l0s 1lOs4
U g. Reg 9lO5 e. \. $40 Cou 6s 41O9h 1901
fon H.. -. lpl