New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-05-11
Eoreign Exehange IS strong at the fOlOwing rates :

The gold market to-day has been very duh There has
been 10 "canard from Washington, and the gold room
has been without any excitement. At 10 a. m gold was
quoted at 1l4a ll4S 1929 1l4. l59, ll4s; Il m
ma; 1904 14I 1920 la las, ll4L; 2o3, l43; &08 l4l
2l2 I13s 1855 ll4E. The above all the changes 10
corded in the gold to day up to $40 At $40 il was
quoted at 114Idll5
The transactions Of the Gold Exchange Bank were as
follows CIearances s2Ol76ooO; gold balance, l247oG2;
currency balance, S43i4 Holders OF gold PAID 4G44@
per cent for carrying over balances
The money market continues very easy, with large OF
fer, at per cent CALL with Government bonds az col
lateral and with per cent the ruling rate for railroad
bonds and stocks and State stocks as cOlaterals COM
mercal paper is in good demand at car per cent,
and gold paper increasing, and is discounted at the
banks at 6 per cent The small amount of commercial
paper offered is evidence that country merchants pay
cash for goods and buy with caution.
In state bonds but little has done. except in Ten
nessees the G coupon, sold at O!d0, ana the new
bonds at S. ST. 5 North Carolina 6s new, were strong
and sold at 2 ara Missouri 6s, II. aud St. j. ISSUE 30;
Virginia 6s new GO; South Carolina 6s new, s00slt:
South Carolina PAYS her interest in gold and her stocks
are from nearly per cent higher than some of her
SISTER states who 10 he negectful of their honor
Missouri has Also believe, provided for paying her
interest in gold and her stocks up to within per
cent Of par. If state would have credit, 1t must have
character for int gritty.
In railroad bonds business was small but prices
firm on the sales made. " Y Central 6s 49, Union Pa
cifc Sc; Milwaukee and St. Paul S., LIST mortgage, 1854
Morris and LIST mortgage, 1907 do 3D. 9J Chicago
and Northwestern LIST, esq Bank shares were dull with
sales Of American Exchange AT 1i2 Continentl, 20;
Park lG6; Tenth National l25; Central, ll2.
The stock market decidedly strong and active, and
opraons were large much 10 the surprise OF many who
had predicted "dullness" and "bear' market The
stocks of our leading railways should, under anything
like iudcious Management increase in price and become
more valuable every year, travel and trade increase
Some OF them may be from time To time manipulated
by rings" and the stock be "bued" up or "beared"
by "cliques :" but these operations DO not Affect the
bnsness OF the road check the Improvement OF the
countrv-the cultivation of lands-nOr hold back the
vast tide OF emigration going every week 10 the great
Northwest TO find new homes. We have falth IN our
railways if honestly managed and If the directors make
money for themselves they must do the same for other
stockholders.
The aggregate amount Of exports exclusive OF specie
from the port OF To foreign ports for the week
ending May TO- 1870, was $3,419,9S5
Mr. aoesing the North German Consul General here au
thorzes the positive denial of the statement published In
The London the effect that the warming u Ger
man capitalists against the American railway bonds
emanated from the North German Consul at New YORK
He has written nothing the subject.
the following comparison of says OF the stocks