New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-08-11
Coleman Denedlct,g ele.lng quetatlons VOC:

The gold market was more active than OF late and h5
price during the morning made further downwardtlr1
t. lli ruling at ll5 olll during the forenoon andunA
after the Treasury Gward was made. subsequently,
under some vigorous purchases OF prominent houses
known to be on the long side OF the markc the price
quickly reacted TO I2s. The increased line IL
short interest put cut tie iaumatop
OF the new loan being placed also proved element ~
strength. Tie advance received encouragement fros
the reported large decrease Of bullion in tie Bank q
England. We hear from Washington that arrangements
have been perfected between the Secretary OF the Treas
ury and number o. American aud EIg,h BANKERS
which will most likely result in the placing 81 the re-
mauder, sl3OGJ00)O OF the s2COC0)OO) offered by t@
Secretary in February last 1t i rnieFstoy.
that the bankers referred to ag72e TO snDs
scribe at once for ten millions OF bonds, al"
to take thereafter at least five millions p'e
month. conditioned that the National Banks
may subscribe during 60 days for any sumsnot exceeding
fifty millions on which they will be allowed commas
sion Of of one per cent. The Secretary OF the Treasury
is to announce that he Will call in or redeem s4O"V0
the vetwcnty bonds OF 1852, in addition to such atno'
as shall be subscribed for by the bankers ana the w
tonal Banks There is understood to be further cohd0"
that the Secretary to apply frem time to tine
this and April next s0oooooO more OF com 20 .he -
dempton of outstanding bonds also in addition TO 'ha
,,,.crptops by tho banks and bankers, II the condon
NJ the Treasury and the country will warrant IT, TO
Secretary to-day addresses the following circular u '
National Banks ,,.,,.,-,,r,r AM, n 1871.
SIP: take tie liberty to inform You that aIIaige ~,
ments have been made Tor the disposal OF t9 Ieih,.
AZ the bonds offered by the Secretary oil the
the 2Sth Of February last, being aDout oe ia SUBJ
thirty millions OF dollars. The arrang'lheht ~ me,
iect 10 the condition that tho National b.Ss A., ~
United states shall have the oPporiHi'{ ~ dnX .anl
DAYS from this date 10 subscribe L., -. ;y,akir 2,
o sums not Needing go 100000 in all. Blnks h1A
or obtaining subs rpOns payable in com WI ~
mated by the Secretary OF the Treasury In nd
nubc money upon the usual condition OiA .lIS ~ the
hands OF the Treasurer OF the United states A. md
United states for the security OF sneh & ven Of ND
rcdemption on an amount Of bonds equal 10 tHe atIJ
OF subscription in coin for the precedIns tAOaticg,
m. hands spCciled shall mature, the otlosil,
withdrawn from the several banks prolofs.oi Ton al
commission of OF per cent WIZ ~ uks Very
respectinlly gro. 5. BOUTWELL, secie'"''
40 the Cashier of the National Bank" ...
The following letter to-day sent to the agents
tofore designated to place the loan; On.
Negotiations having been perfected for the sac VI IND
rentoiudrr OF the two hundred millions OF hNe pet
bonds offered to the public by the letter OF - antlOr-
OF the Treasury. ON tie 1oth ol f.orui ,ted 10 Tia
- AT canal amounts of the IL and per cent ''
equal amounts OF and per cent bonds. ,da
In the gold loan market there was good pVii0" IA
.,nd. aud each gold lent at "a, and fper GEM sa
Iftof per cent per diem. The days D.S'h's'
Gold Exchange Bank was as foIows' .,,aeo
Gold cleared. ''''''''''''''' 9@12s
Gold ''''''''''''''' ss~,Ti
Cuueucy balances.
Tho day,, transactions at the U. s. sub-Treasnry w.
receipts, Sess q ssTTsSs 5 S.s%ss
Gold tsisaee...... eS,?eesgI 90 cs~0'l'''
lGue9cy Ieecipts..". N'oo' WI
The following were the quotations; un
! !ssiI !:s:.Iii 5SSs;sssi' ss;ss:% %'
,r,, ,ro.,rv ,rorosa. TO selrtYo millions gold she"e"