New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-09-03
THE MONEY MARKET.

"WEDNESDAY, Sept p NJ
Gold opened stronger selling at 1856 but declined
14is AT the close This is temporary rally made on
the shorts but the tendency OF gold from inns point
is downward, with occasional rallies caused 10y Ihe
,,olo HING over sold on some cock and bull reports
of tbo distnrbed condition of the South The cleo
ton IN Vermont Yesterday and the less significant
snoecb Of Senator Fessenden at Portland the day
nrcvious has cleared the political air wonderfully
ord the election of Grant now sure as any future
event can be- will tranquilize the country All persons
who have been disturbed to the intentions OF
tbe Government as to the payment OF the
debt can have their doubts set at rest by reauhg MI
Fessenden's remarks in which he announces that IL
was intended to be paid principal ana interest III
gold Governments responded to the election news
and the publishing of the eX.Secretary OF INC
Treasurys speech and all classes were IN sharp de-
mand Part of this was speculative, but ltlshoteWor
thy that within the past ten days renewal Oh III
yestment demand has set in, and that LOT inc P'St
week the amounts taken out OF the street haNo occn
very heavy Bonds of tall classes are IN active oorro"
ing demand and loaned fiat. Consideraoie dispo-
i'm ,vos shown TO cover this morning 10y
parties who are heavily short; but at the advance
but few bonds we're offered, and no purchases of
ropnd lots could be made at anything like cUrrent
rates The investment demand to-day has been
heavier than for three months and large amounts
have been bought by banks and savings institutions.
The dealings to-day we're fully 100000, and well
distributed on the list Heavy sales were made early
in the day Is break the market for political effect
but without producing any result EXCEPT to further
increase the present enormous sAort interest. Inc
Boston and Philadelphia markets are bare OF
bonds and the dealers in the latter city are fully
two millions short The amount of bonds already en-
gagged fo- Frankfort for SatcTdays steamer Is OVER
one million all of them of the new issues and OF me
amount $SOO0OC are in G7s, which arc now the chep
est bond on TIE market api the 1ayorte with The
German bankers. The largo amount Of bonds now
being taken from the street viii have n marked
effect upon the dealings in the street and with the
feeling that now obtains that the public faith viii
be kept with the public creditors and that the clee
ton Of Grant will leave the settlement Of the tinan-
cial question in the Same hands that made
the debt. will siyauoe cur socurties
both at home and abroad State bonds
were DAN. Now Tennessees sold al CO
Yirqnias lnew.) 52l; North Carolinas, eX-couren,
p: new bonds M Eissour.s, 92!. Railway bonds
were firm and in demand. Bank stocks were strong.
Delaware and Hudson sold at 1904 Pacific Mail was
stronger. selling at 102. Express shares were neg
lectsd Railway shares opened steady, Erie sold at
$50 AZ; closing, "a bid Hudson sold at 49, Reading
was in demand, advancing 10 1929. The Western
shares were all strong, with fair business Cleve-
land and Pittsburgh sold at So Northwestern shares
were largely dealt in, advancing to s.. Cleveland
and Toledo was active St. Paul Common sold at
49, the Preferred 81. Wayne 100. Hannibal
and ST. Joseph Preferred, So New-York Central sold
at 1861 closing at 12G At the close the market was
firm but dull closing steady at quotations Govern
ments closed strong aud active:
T. g g. 1881 Reg I1301a Us.52O Co new 't5los3 alos4
l. g. 1881 Con ll,tFl4sIT s. $40 COu IO9t Jos!
L. : $40 Reg ...l0S l0at T. :. 520 Cold, e. iu- ua
l.. : 500 Con- co. ia 0l4t e. =. 1910 Reg Jos @lot4
L. s. $40 COu. "a 1905 GlGi L. >. 1910 IOuV'4 ~-Voa
L. s. 500 COu 'Cj. l}al11t