New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-08-18
MONDAY. Aur. i7-P. VI.

The speculation for an advance in gold halts. The
opening price was AN selling at l47sGl4Gs, closing
at AGA The heavy shipments of bonds and the
large amount of produce now gong forward has re-
duced our balance of Indebtedness the other side
10 q nominal amount and the heavy amount Of
cereals vet 10 be shipped will bring the balance OF
trade in our favor before the season closes. The
commercial value Of gold is not rated above l25 by
careful business men, and the present exorbitant
premium is only maintained by the dstrust OF Dem
ocratc policy should il gain control of the Govern
nent and by the constantly reiterated statements OF
the disturbed condition of the Southern States This
is being constantly magnfed by operators and is the
main stay of the bulls in gold. That the Rebel feel
ing is greatly excited by the hopes held out by the
Northern wing of the party Is undoubted, but no
sane man doubts that. on the election OF Grant,
il viii Immediately cease, and affairs return 10
their normal condition. With our superintendent
crops. and the good demand that We shall have for
them abroad, it will be impossible 10 maintain gold
at the present figures, and could short sales be
stopped it would sink quickly 10 its commercial value
The clearings at the Gold Exchange Bank were
AS $4,000. and the balances, 1O22. $50 49, The i'm
ports of specie for the week 500 O2 previously
reported Sab 2G2 total since Jan J. 1868 S4O73S4
Government bonds opened weak and unsettled.
The reported sales by the Treasury to meet the pay
nents of the eight millions of 1905 has acted as a
darnper upon all speculative and investment demand.
AT the last Board the market was barely steady on
the export bonds, and weak on the investment
bonds which were pressed for sale at decline OF sD
per cent from the closing prices of Saturday, with
heavy sales.
State bonds were steady. Tennessee ex-coupons.
CAT: new per cents, 6Si. Georgia rs, 81. North
Carolina ex coupons ~! new per cents, Hs. VH-
einia per cents, new, 54i. Railway bonds were
dull and steady Central Pacific 6s continue in good
investment demand, and the sales of Pacific per
cents of Missouri continue large. Pacific Mail de-
clined per cent Delaware and Hudson sold ut l27t.
Express shares were feyerish and pressed for sale,
but the market would only take small amounts at
quotations, the purchases being almost entirely for
short account.
The Railway share market opened weak and I'M
settled, with pressure 10 sell New-fork CentiAi
and Erie the former selling at 129 and the latter at
51R. The whole list was weak, and sales were made
at decline of !a3 per cent from the closing prices
of Saturday. Hudson River declined per cent,
selling at 1876. Michigan Southern, 50, AT the Board
there was triing improvement III prices. but after
the call the market was still further demOrazed by
a break of per cent in the Northwestern shares
and general rush was made to sell all the Western
stocks with a decline III prices of TO II per cent
Rock Island sold at 90 ex div; Cleveland and Pitts
| burgh, S.; Toledo go ST. Paul Common, III 81
Paul Preferred, 79s. After the Board there was q
rally IN prices on purchases 10 shorts but the
market feyersh and unsettled. AT the close the
rally was not fully maintained, and the marker
closed unsettled and dropping. Northwestern
shares recovered about per cent of their decline
Governments closed weak.