New-York tribune., 1869-05-22
FRIDAY, May PIP. NJ.

Gold was weaker on the announcement that
Secretary Boutwell, will thereafter sell two millions
week The opening sales made at lI3h after which
Il declined TO l with sales at 2i9lioi closing at li1k
The heavy interest closed out BY the failures, let
tho market without support and 1t broke OF It's own
weight The clearngs the Gold Exchange Bank were
Sl3c.fl3OO0, and the balance, s2,ls2Ol4 %.
Government bonds not affected by the decline In
gold ut the Boards but remained firm. The foreign
bankers continued large purchasers for shipment The
investment demand for lOOs and currency per cents
continues active The decline in gold to liO had the ten
dcucy TO check operations, aud the market was from d
per cent lower This shows remarkable trmness In the
market and tho best evidence Eeeded that the recent
advance In the gold premium caused by purely spec
uailvo movements An absurd rumor started that
Mr. Boutwell, TO resign. and would be succeeded by
Mr. A. r. Stewart II foand a few believers in the Gold
Room but did not affect tho price OF bonds.
state bonds were dull New Tennessee per cents sold
at ca dGl Tennessee per cents COZ virginia per cent
excoupous 81! Georgia per cents, o. North Carolina
new per cents. IS; Missouri per cents. sot Rhode
Island per cents IO2l; Ncw-York per cents, 70 lO3
Railway bonds were strong under heavy investment
demand Michigan Southern Sinking Funds sold at 99t
NortWesern convertible 1904 Rock Island and Pacific
per cents so4; Fort Wayne, lists, lo5 2ds, 9si Lake
shore Dividend per cents sob9s9 Bank OF the state
OF NewYork sold az 10: American Exchange, ll3 Bank
OF Republic ils Fourth National, 1851! Canton Co. Pacific
were dull with sales OF Adams at Gl American, IO Wells
Fargo, yJi.
Tho Railway market opened strong and active
on tho Vanderbilt stocks, all OF which mado q sharp
advance from tho closing prices OF yesterday. New
York Central sold at 1923; Ludson. l6il Harlem 1917
the balance Of the list firm; Reading sold at es
Michigan Southern, lO7i; Northwestern common st
Northwestern preferred. lO5 Rock Island, l2i; ST. Paul.
77 St. Paul preferred ST. Toledo and Wabash 76i Fort
Wayne l5iaI5l. Ohio and Mississippi common, 36l Co
lumbus, Chicago aud Indiana Central, I2t9ht The ad
vance in Central brought out large amount OF
stock from holders and the prices declined
10 IeOL closing I0l. The balance OF the
market sympathzed with the reaction in Central selling
down from talI per cent The most active stocks were
Common and Preferred, Rock Island. st.
Paul, and ONO and Mississippi Common Erie opened at
o. sold at al closing 2aialsi Tho transactions were
large At the second call the market was dull and barely
steady After the call prices were still lower and the
market was extremely dull, with the exception OF Fort
Wayne which continued strong at 1adl5it upon the
anticipation that tho lease with the Pennsylvania
Central would DO consummated to-day or tomorrow
and tho scrip dividend Of III per cent declared
Al the close the market was steady, with slight i'm
provement IN prices. Tho decline In gold had the ten
dency 10 withdraw the attention OF spectators to Tho
goIdroom Rock Island, the Northwestern shares, and
Michigan Southern sold largely for specuatlng &C
count but at the close in good demand at improved
rates.
The following were the closing quotations OF Govern
ment Bonds: On, ,,l