New-York tribune., 1868-04-21
OPEN BOARD OF BRoXERs-S. P. NJ:
MONDAY. April 2O-P. VI.

MONDAY April 2O-P. W.
Gold closed at 1G9 The clearngs of the Gold Ex-
change Bank were $24,319,00O, and the balance
tl,SOO.GSO.
Government stocks were strong at full prices.
State stocks and railway mortgages firm, and few
lrst-class investments are offered The stock mar
ket opened feverish with disposition to sell Erie
and New-York Central, which sold as low as Gji and
ll2l Reading was freely offered and touched &C. clos
ing at S7!. The Western shares are firm and readily
taken by strong buyers all day. Buyers for an adj
vance work with caution, having been seriously
damaged by the recent and prOtracted decline which
wastedaike their capital and courage The bears still
offer stocks quite freely and argue that the improve
ment can only be OF temporary character and that
still lower depths to be sounded The roads thus
decried by the bear clique, steadily doing their
part to incte investment and speculative buying aud
report earnings sufficient under fair management to
sustain the present market price andadvance them to
the prices paid for their hGher-priced but not
valuable neighbos. The passage of the Erie bill by
the Assembly was used to break down Erie and New
York Central, but the market soon rallied sharply
and high prices were paid for everything the ac-
tive list The extreme prices up to the close Of busi
ness hours were: for Erie, 7Ol; New-YOrk Central,
1l9l; Northwest Preferred, 73sG74 Michigan
Southern, So: Cleveland and Pittsburgh s1sGS2 ex
est stock on the list and in special demand. 1t
is now understood that i tead Of being wholly upon
the street and in the hands of brokers' it has very
large and widespread list of stockholders and is
much distributed that moderate boarding of it
would put those who had sold il short" to great in
convenience Its friends expect 10! per cent diyi-
dend by July.
Money is easier, and at Il per cent in currency all
borrowers upon any marketable security readily
supplied. Late in the day coed deal was doing in
per cents Instead of securing the street to make
up their accounts lenders perform the labor of seek
ing employment for money at call Commercial pa
per sells at 709 per cent and best names are scarce
and wanted. The Bank Statement shows
q decrease of surplus of reserve, but the
reserve left is so ample that the loss
of mere surplus" is of small account The loans and
deposits are increasing, and the entire movement
shows return of confidence not only among lend
ers but what is quite as essential among the deal
ers at bank. The loss of legal tenders finds ready
solution in the drain made by the Sub-Treasury in
selling gold, and the demand by the Third-avenue
Savings Bank to meet the demands of alarmed de-
posit0rs The flow of currency is now toward the
Atlantic cities and the market indicates a
return TO cheaper money, with an increase
of confidence in commercial circles which for nearly
two months has been wanting in a large degree.
Government stocks close steady at the quotations
annexed. good deal has been done by the leading
houses in small parcels with occasional round lot
at full rates. The Government houses have bOen
free buyers Of 1S62s and 104Os For 1905 the Assis
tsnt Treasurer has paid 1861 and is prepared to buy
more at that rate, which is under the market 1t is
underetoOd that the Treasurer has had printed 52Os
of 1863, interest July and January, with which, at
an carly day. the remaining 1905 will be funded.
The July coupons will be removed, and terms
offered which should cause all the 1905 to be funded
by July 15 1863 when the privilege to fund expires
u, 8. 6s. 1881, Registered 112i0112i; do. Coupon,
112lall29; $40 do Reg 1Oii0lOil; do Coupon 1862
1lli0lllI; do. Coupon, 1864, l1o0llOl; do Coupon
1855. 1lOl01IOi; do Coupon, new, 1865 1O7I0lOSt
do. Coupon, 1867. 1Oss9lOSa 1O-4Os, ReGp 1OsSlC.t
do. Coupon 1C2i01O2I; zSOs, I'd Coupon. 1OdIa 1861
The following are William Heath & Co.siast quota
lions Of stocks;