New-York tribune., 1868-10-24
THE MONEY MARKET


FRIDAY. Oct B-pr
The gold market continues duh. The ope,;..
price 1851 selling at 1886 1854 3iI closing a, ,a
The bids for gold at the Treasury aggregated t5oso 80
awards being as follows: cOwing. Johnston 4 a.
$4,000 135IOt; Cowing, Johnston & Co., NOooo ,,,r
Cowing, Johnston Co, 600, 1884; George d. Ar,s
b Co, $4,000 1875 30 Tie market has now lost N. 49,
element OF strength, distTust. which past rear, ~,
sustained tho prices under all circumstances The 49,
tIons have removed this both nj homo and abroad pa
vste letters TO parties here from abroad report IA
great strength has been given TO our secures aud tbs
the holders of bonds now feel satisfied OF the ers,.
ability and liberalization Of our people to pay the Az.
IN gold and they also report an Increase Ia the des.
Of capitalists TO nvcst them the best and cAs.pss
security on tho market, and anticipate ths, heay,
amounts OF bonds will yet be shipped at higher ns,,,
than they have yet reached This with the cotton Nm,
yet to be shipped viii furnish large amount Of az
change and bung the balance OF trade In our favor .
that operators gold will only have the Customs demand
a. basis Of speculation. and viii have 10 work corusr
70 make any market outside the commercial demand a
is significant fact 70 notice that the bear RAID an
Governments for political aud speculative effect pst
With 10 response In the European markets. but that tn
price OF bonds was maintained st TJt excouponeausn "A
T5s IN face OF decline here Of from per cent AM
q decline in gold Of per cent-sh0winR concasl1e.y
that the artificial manpulatI0ns of market do "a
affect foreign hOiders Tho payment a. the Noyenbr
interest brings i20O019 Of gold upon the market whcs
it will not be profitable 10 ship. ard be carried V
the great dotInent u the bull interest The clearin-
the Gold Exchange Bank wers sl6s oo9 and the bsl
ances s3fIg3 CO. Government bonds opened strong asA
active with demand for Old Gas for shipment; ,hr.
tho first order lor some weeks The derand
continues active large amounts Of tie new bonds bea
taken by ssYlngsbanks, aud also By outoftOwn barn
who order FOR tleiE customers. The inyariabe rep-a
from these sources that the reinsurance OF the people
both as 10 political and financial affair." Is cOmplete
With consequent renewal OF investors who delayed
buying In July, when the question OF repudatia
was Jroachei by tho Democratic party. State bOSs
Wers higher Tennessee Ier cents sold &C 7oi; New
bonds 7Oi North Carolina per cents, cs; Res bon4A
s7i Missouri per cents were, however, selling ct u
Railway bonds ard miscellaneous shares were neglected
Express stocks we're lower. PaciaO Aal was steady d
Ies Railway sbsres opened strong, out declined OF ~
Board. Hew-York Central Erie and Hudson ven
strong Reading was freely offered selling at esi. Ts
Northwestern shares fell Of per cent and the JaIans
Of the Western list was from tBi per cent lower. Fen
Wayne n request at llsi at the O'clock Board ~
tn last BOARD there improvement OF td per e
on the leading shares NsH-York Central. Reading ch
Island Cleveland and Pittsbur. h being demand. Nev
York Central sold at I2; Recalling, W. Rock Island lot
Michigan Southern. SIT; Cleveland and Pittsburgh, .,
Fort Wayne li6. At the close Erie became weak. 10
clnrg II al tie break affected the rest of the maet
prices declining from i91 per cent, and the ma'tes
closing weak and unsettled. Government bonds cles
strong and active Tho features OF the market have bes
the demand for 62s for shipmentsnd the heavy purcaa
FOR country banks;
o. 8 $40 Reg .ieSs siosi O. $ $40 Con. rs. lio nd
e. s $40 Goa ga. ll3s dllSA u. 5. 10 30 Rogl Gie4t
u s. $40 Cou Ca Ills oiIi U. s. 1910 CoU l0s siG,
u. S. SO COu. 'GS. ..nl2 0Ilk