New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-07-26
SATURDAY, July 24--P. NJ

Gold opened at 1851, sold at 1861, 1864, closing
1S6id,S6s The advance due to the heavy shipment
of specie to-day, which amounted to s1,s9is2 rs The
clearngs at the Gold Exchange Bank Ss,496,OOO,
and the balance S1,sg6s56 60.
Government bonds strong upon the goldbearing
per cent bonds and active and excited upon Os
large purchases by banks for the purpose Of exchanging
for the per cent bonds held by the Treasury Depart
mont security for their circulation. Currency 6per
cents we're higher selling at The decision Of the
Secretary refusing allow these bonds to be used by the
banks as basis Of circulation 50 exces surprise,
as at that price they equally good as the and
having years TO they cannot be funded at lower
rate Of interest until the expiration Of that time The In
terest of the Government would be well served If the
whole Issue (which amount to onehfth OF the
whole amount Of bonds deposited by the banks)
absorbed in that manner. They undoubted Gov
BTnment issue and without speculative activity and
Bhoud the whole issue be placed with the Controller they
would remain unchanged until the 5-2Os are funded at
lower rate Of interest The whole amount afoat
hoes not exceed four millions the amount that wOuld be
sent to the Treasury II they could be used would not
amount TO per cent OF the whole issue semiofcia
report from Washington stating that the Secretary would
probably continue his purchases OF bonds during the
month OF August without resorting TO sales of gold
believed and gave firm tone to the market at the close
Of business.
State bonds were strong Tennessee and North Caro-
lima bonds being most active. Tennessee ex-COupOns
1Old 63 New bonds 57i Virginia exCoupOns, 5s New
bonds, 81; Georgia per cents, 92 North Carolina per
cents sold at co. New bonds 49, Louisiana Levee per
cents CAL Missouri per cents 49, Railway bonds were
nrm. Chicago, Burlington and Quincy per cents sold
1Os Central Pacific Gold per cents 9s Rock Island
per cents a. Michigan Central New per cents, 1929
Miscellaneous shares dull but firm. Western Union
sold at 81; Pacific Mail, sSi ask Express shares were
dull with sales OF Adams at 6Oa6Os United States TO- ex
dvidend Wells Fargo %, American 4ii,
The Railway share market active and excited upon
the New-York roads and Reading. and firm upon the
general list; NewYork Central advanced TO 26i Hud-
son. 1911 Harlem 1856; Reading ranged from 95a to os,
closing ss bid. The Western list firm at small ad
vance, in sympathy with the buoyany in the Vanderbilt
stocks but the transactions moderate In amount
md without special interest. There was moderate
nemand for Cleveland and Pittsburgh, North Western,
Rock Island, and Michigan Southern. st. Paul stocks
and Toledo and Wabash dun. New-Jersey Central
continued firm at 104alOli. Hannibal and st. Joseph
advanced 20 100 There entire absence Of specula
five feeling among operators in the general list and the
nte interest the few attendants at the Board
ronaued to the fluctuations Of Hudson and NewYOTk
central which continued 70 make steady advance upon
The assurance that the consolidation will be
summated August upon basis Of go for Central and
200 for Hudson River 1t is also stated that fun exhibit
Of the affairs Of both companies win be made at that
time and that it wiz show that the new company
pay per per upon both stocks At the close
The market hrm on the general list Hudson, New
York Central, and Harlem reacted from the highest
prices Of the day. closing firm at quotations
William Heath Il Co.'S closing quotations: