New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-08-29
FRIDAY, Aug. 2s-P. ".


Gold opened at last, sold at 144l, closing al
14I. The clearings at the Gold Exchange Bank were
s47,2i7.OOO, and the balances sl5S6sS9 IS. Govern
ment Bonds opened firm but without excitement
There is continued demand from Savings Banks and
Others, who have been free buyers during the past
week. and have taken large amounts out of tho mar
ket The amount of bonds on the street s very
small and nearly all classes are in active borrowing
demand and the short interest yet uncovered Is very
heavy State Bonds we're stronger. Tennessee ex-
Coupons sold at cat; New bonds 6St; North Caro-
lima, per cent. ex-CoupOn, III; New bonds. III;
Missouri, per cent, 92s. Railway Bonds were
steady, Delaware, Hudson advanced to l26. West
ern Union Telegraph sold at 34t Bankers and Brokers,
1857; Express shares were dull and heavy with tho
exception Of Adams, which advanced TO Is. Pacific
Mail was steady at l0liGl0l3.
Railway shares opened dul and dropping on New
York Central which sold at 124! and Erie. which
declined to All The balance of the list was dull, and
prices barely maintained with the exception OK
Michigan Southern. which advanced TO S4:. AT tho
Board the volume of business light at about the
opening prices After the call New-YOFk Central
sold at l24, Erie Az Michigan Southern, Sii. St.
Paul stocks were neglected; Northwestern sharea
were dull. At the one o'clock Board the Western
shares were all strong, with sales of Rock lslanda
10l Michigan Southern ssh At tho close the mar
ket was buoyant, with an advance of Val per cent
upon the Western shares. Erie remained heavy, but
with this exception there was an active demand and
the market closed strong.
Government bonds close strong and active after an
excited days business and very heavy transactions
The sharp advance has developed the fact that ak
classes of bonds are heavily oversOd and that the
supply on the street very small The street dealers
do not hold over 900 of 6es and the amount OF
bonds Of all classes does not much exceed $40 00o
There has been sharp scramble for 62s for delivery
and they have been procured with great difficulty.
The investment bonds were also in active borrowing
demand, and the short interest now uncovered
amounts to fully $5OO0000 AS long as the 7Ss were
being sent here for conversion there appear
ance of glut of these bonds but now that they have
been funded it appears that the drain for investments
has taken all tho surplus and leaves the shorts
to obtain their bonds from the compare
lively Insignificant amount held by the
dealers The city banks hold very few bonds, and
have for sale Of any account, they sold their
surplus in July. The large amount of new bonds
taken by the German bankers probably accounts par
italy for their scarcity aud the purchases still being
made will still further reduce the amount to be used
for spectators account, The closing quotations
were
L. g. 1884, Reg iI4I Gig Us52O Co new 65lOsi aiosi
L. 8. Ga, 1881 COu. .lis giAi u = so Cou 6I lO 9iOt
r. g $40 lOsia ILL S. $40 COu. '63. lost 9lOsk
L. g. $40 COu. Ca lit 9ll4l u 5. l040 Reg 100 elet
L. s. $40 Cou Ca. .l0sSdll0 ~. 5. i0p Cou lOos alt