New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-05-17
SATURDAY, May l5-P. N.

Secretary Boutwell's advertisement for the
purchase Of bonds appeared to-day and met with general
approval lie distinctly states that the purchases are
made for tho sinking fund The prices named In the pro-
posas must be for the principal OF the bonds, in lawful
money without regard TO the accrued interest, which
will be paid in CON- upon the bonds accepted from tho
date OF tho last payment Of interest to the date
chase The purchases viii continue to DO made weekly
until further notice The advertisement sofa at rost
all the rlmors IN reference tho Secretarys plans No
change will DO made unless by announcement over his
own signature.
Gold opened at 1884, sold at $780, 39i closing at 1906
1891 Tho clcarngs at tho Gold Exchange Bank Uoro
tlO co., tho balance $eos5s9 So. The shipments
Of specie for tho week amount TO S62200 The French
steamer took out $4,000.
Government bonds opened fracton lower; but, upon
the announcement Of Secretary Boutwers new adyer.
tisemen for the purchase Of bonds the market became
buoyt with general advance in prices Six per cents
OF 1891 sold at 1921! $685. co. i2li 6is, ll6i 65s, ll71
New bonds in active demand; CTS sold at ilo,
closing at sIaI9; IO0s, 1925; currency per cents
1861 Investment holders continue heavy purchasers Of
registered stock Of all classes and arc also buying oOs
and currency per cent? being lower than the other
Issues The latter bonds have become great faycrltes
With savings banks aud other institutions desiring o
long bond aud largo amounts can DO purchased at
present quotations. the amount TO be issued to all tho
companies "a about S13OOOCO and tho railroads to whom
they are issued decline 10 sell In advance and hold them
at no. They have boon decided to be much OF Gov
ernment bond tho S20s and the long time they have
TO run makes tho valuable investment bond
tho list under tho operation Of tho Sinking Fund law
which 20 be putin force by Secretary Boutwell,
He will doubt he able. within two years. TO Goat q
per cent conso 90 fund tho overdue 53s, and TO con-
vert tho other ssues az they mature The whole debt
will probably be funded nt q low ratio OF interest This
will Leave the currency bonds the only cent Gov
eminent bond with tho exception Of tho lsss They VIII
then have from TO % years run with principal and In
terest payable IN lawful money. which will doubt DO
gold coin. The total amount Issued will be only frac
ton 10000 OOo the larger portion OF which has al
ready beon absorbed, aud permanently out OF the
market.
State bonds dull; New per cents sold
at 65l sG5i North Carolina new bonds so: Louisiana
per cents 73l Missouri per cents sol Railway bonds
strong. with sales OF Northwestern Convertible
bonds at 1907 Rock Island rcr cent. l Morris aud Es
sex st 81; Fort Wayne 3ds, ot Lake Shore Dividend
Bonds, 50; Toledo, Peoria and Warsaw Ists. W. d., sl
Bankers and Brokers' sold at lO Delaware and Hudson
lSl Express shares steady with sales OF Adams
O.; United States, G.; WelsFaTgo 90: American Mer
chants Union, IOl.
Railway sharefoTened steady but upon large realizing
sales the market declined from 7per on the &C
i've Western shares. The NovYork roads were steady
Reading was duh at N99di Illinois Central advanced to
i'ei Fort Wayne sparingy offered ceiling at 1854
iScb Chicago and Alton, 1875 Delaware Lackawanna and
Western, ilol NowJerey Central. u.s. Hannibal and St
Joseph, iBSli7L Tho most active stocks were Lake
Shore Michigan Southern. Northwestern and st. Paul
shares Tho Lake Shore and Michigan Southern stocks
were pressed for SALE upon report that the proposed
consolidation would not DO made This rumor was with
out foundation and probably started TO depress the
stock After the o'clock coll tho market dull and
irregular. Tho street deserted at an early hour
The market closed steady at quotations
Tho following were the closing quotations Of Goven.
ment bonds: