New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-07-13

MONDAY. July PIP. NJ
Gold opened at 1867, sold at 1864, 1864, 1864,
xs73 closing at l37Gl3B The cearng at the Gold EN-
change Bank were Sos jOO and the balance S264s731 81
The Government bond market opened rampant upon
the announcement that Secretary would purchase
shine millions Of bonds this month, 10 be held subject TO
she action Of Congress- IN addition 10 bis purchase of one
million for the sinking fund The purchases will be made
ON Wednesday Of each week. and the proposals are sub
Ject 70 the same conditions the previous purchases
The new bonds most active from the fact that they
were heavily OyersOd the bears were large buyers
10 cover their contracts The advance extended to the
entire list, and quotations from to p higher
chan on Saturday, 10 Os advanced u per cent Currency
6per cents II. The investment demand for the two lat
Ter issues heavy Continued large exchanges were
made to-day Of $50 bonds, and but few l04Os were Tor
sale The currency per cents are yet in moderate sup
ly but the present demand viii absorb the floating
bonds on the market The entire issue is made in regis
tered bond the bulk Of these have been taken by lnsur
ance companies and savings banks rs permanent invest
Spents Having never been speculative bond they are
comparatively unknown except to the investment buyers
OF the large cities the opinion still existing in
many quarters that they not fan Government bond
At the last call prices and the market closed
firm at the highest quotations Of The day
state bonds were dull; Tennessee per cents sold at
n. new SIX per cents sold at 5l!; Virginia six
per cents new GIG North Carolina bonds were higher
with sales Of the old bonds 5 and Of the new at AGA
RAILWAY bonds were dun and firm under moderate IN
vestmcut demand Express shares were dull with sales
of Adams at 59059G WELSH declined TO 49, United
States 725 Pacific Mail dun at SIT The reports OF
the business the China line are said to be very favor
able showing heavy increase since the opening Of the
Pacific road. In this connection It Is mentioned that
This part OF the viii need additional steamers,
and that the ships now in the Atlantic coast will
te taken and replaced with fast prOpeer which can be
run at much less expense than the present ships, which
are wen fitted for theEpasseuger traic the Pacific
Ocean.
The Railway share market opened strong and buoyant
The largest transactions made in New Central
Hudson and the st. stocks. Michigan Southern
steady at IOG10lO6l. The formal consolidation Of this
road with the Buffalo and will take place the 10th
OF August the preliminary papers having already been
signed by the directors Of both corporations Michigan
Central sold at 100 exdyidend Cleveland and Pittsburgh
7Osexdvdend Of per cent Northwestern shares were
steady the common sold so and the preferred at &C.
St Paul common advanced 10 77l st. Paul preferred, s
Toledo and wabash sold at 49, Chicago and Alton 1885,
NewJersey Central was active, advancing 70 1888 New
York Central sold at 1921 Hudson River, lG5 Harlem,
ia The market was strong with moderate business.
At the second call prices well maintained but the
transactions were moderate After the call the market
was buoyant with an advance in the prices Of New York
Central Michigan Southern Michigan Central, Cleveland
and Pittsburgh and the St. Paul shares. HewYork Cen
4ra sold al 300 closing at 1871 Michigan Southern, 1913
Michigan Central advanced 2 cent. selling at 49, The
balance of the list was fu but without special activity
The following were the closing quotations Of Govern
ment bonds: ,