The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-07-16

tiOnaly at 1872 The following Is the report OF the
Gold Exchange Bank
Gold cleared S47 OIL 900
GOid balances. 2,l5S, 0Sg
currency balances Observation-Disclosures. 3,005, 1917
In stocks the features rise to 2l3ss for New
York Central, 1s42 for Hudson River and 1873 for
Hannibal and Sc. Joseph. The two vanderbilt
stOcks' have been advanced to the above UMPIRE
cedented figures by anticpations OF immense scrip
dividends to result from their consolidation as one
lime and the enlargement Of the combined stock to
500 900 900. The secret of the exact amount to be
declared on each as the preliminary to this union
lies with the respective directors; but the activity Of
Hudson River is due in great part to belief that
Its capital will at least be doubled. When
the plans are thoroughly arranged and the
market value of the respective stocks pushed
to extreme prices the street Will be allowed to pur.
chase ad H6,sa, after which the usual stories OF
less costly parallel through line to Chicago VIII be
brought into play again and the market worked
down. Indeed, should the scheme of consolidated
Vanderbilt road between New York and Chicago be
consummated, with capital OF one hundred ana fifty
millions as proposed, IL Will doubtless lead to the
organization Of a new company, for a new road
Us capable Of being built for seventy-Hye.
millions and would, therefore, be formidable COM
petitOr FOR the through business of the two cities.
These prices led to a rush to cover ON the
part OF the 'shOrts," after whose purchases the
market became heavy and declined, Central yield
ing to 209,4 and Hudson River to 1907. Hannibal
and St. Joseph is In the hands of party who pos
ess the power to do with it as they please. Legit
mately there expectations OF appreciation from
the sales Of the lands adjoining and belonging to the
road but whether the present buyers will be al
lowed the advantages Of this fact lies with the
specializing ciques controlling the stock. Should
sufficiently large "shortn interest be induced the
sales would doubtless be made In The same way,
to New York Central and Hudson River, 1t is very
probable that so profitable an influence as the con-
solidatiOn plan will not be hurried through,
but retained to smilk the streetn until
the latest moment. The stocks enumerated
had the market TO themselves for the Of the list
was dull and steady. In the expresses there was
further yielding IN Wells Fargo, which sold down
2lk. The closing prices at the last call Of the
Stock Exchange were:-Cant0n, 62x; Cumberland
81 "a; Wells, Fargo Co.'s Express. 21I 21Z;
Adams Express. 5sh a 5s,4; American Express, AZ
u 421; United States Express, TO-. a 72a; Quick
silver, 15k q 10; Pacific Mail, s6Jl $685.; Western
Union Telegraph, 87ss 37h; New York Central, 21O
2l0k; Marp0sa, So o; do. preferred, IA 15h;
do certificates 40 q 49,: Hudson River, 1917 1879;
Harlem, 14e; do. preferred, las; Reading, s4s.
e4s; Alton and Terre Haute, "a bid; do: preferred
90; Toledo and Wabash, 76Ix 78ss; do. preferred,
81; Milwaukee and 81. Paul, 77sS 49, do. pre-
1erred 87s q IS; Columbus, Cleveland and Cncin-
natl ~ Ohio and Mississippi, 321s a 32k Fort
Wayne, 15lx 164; Michigan Central. 1921 a 1873;
Michigan Southern, 1915 1914; Illinois Central,
IA bid; Cleveland and Pittsburg, 100 1924; Chi
cag0 and Alton, 100 1905 Rock Island, ll7h
1l7h; Northwestern, S11s S1i4 do preferred, 94s4
s5; Delaware and Lackawanna, 10Y 1I2; New
Jersey Central, 1917 1872; Morris and Essex 80;
Hannibal and st. Joseph, 1873 1871; do. preferred
1877 1919; Columbus, Chicago and Indiana Central
81 a 37A.
The following circular has been issued by Assist
ant Treasurer Butierneld, prescribing the rules
which will govern in the bond purchases and gold
sales OF the government;
UNITED STATES TREASURY
NEW YORK. July l, 1869.
In all purchases Of bonds and sales Of gold 10y the
Treasury the following conditions viii be Observed
PURCHASE OF BONDS.
Proposals must be for not less than $1,000, and
must state the Kind OF bonds offered, whether
coupon Or registered, and Of what loan and issue.
money for the principal Of inc bonds only, without
regard to the accrued coin interest, which Will be
paid on purchased bonds to the date OF purchase.
The payment VIII be in such money as the convcn-
fence and condition OF the Treasury may warrant.
The interest on the purchased bonds Will cease
from the date OF purchase. The bonds VIII be paid
for az soon as they can be examined. Bids must be
plain, specific and free from any erasures or altera.
lions likely to lead to Misunderstanding. Bids ad
to the interests of government will he rejected
Each proposal must contain certified check for
five per cent OF the amount offered. When propo
sails rejected the checks WIN be returned az soon
~ the awards are determined upon. II proposals
are accepted the checks will be rcGrned on compile,
ton OF the delivery OF the bonds.
SALES OF GOLD. ~'
Proposals must be for sums not less than $4,000
Payments may be made In lawful money Or three
per cent certificates Successful bidders must dc.
on the day OF the sae Bids adverse TO tue tuteresta