New-York tribune., 1872-07-22
SECOND BOARD Z. VI.
sArrnnAY. InIY 20 p. ".

The week started off with a marked increase
Of business in the Gold Room and there was an advance
in quotations from ia last Saturday to l4h the
"bull' element holding undisputed sway lheie was
great stress laid upon the specie exports and the prop
able advance in the rate OF discount OF the banh ol
England consequent upon the continued drah OF sPece
into Germany After the specie shipments had proved
10 lao smaller than was anticipated and the effect OF the
advance in rates OF money at London had worn on
there was a reaction OF fully per cent, the
fact that many operators were largely long
of GOLD encouraging the decline. II Is believed, ihoW
ever that some OF the old managers OF the gold Clique
still hold the rens and that at favorable opportunity
will make this speculation leading feature OF the
street. There has been difficulty on the part OF Dor
rowers: ON the contrary holders have paid slight con-
sderaton TO have their gold carried except in few IN
stances when loans were made "Mt,' Currency mas
been in abundant supply and the ruling rates were to
Der cent with considerable business a 10 y per cent
The same causes still in force, and except that the
banks have been receiving additional currency
from contiguous cities the market presented feature
Prime commercial paper, which I'm fair demand, sold
at 81 10 ca per cent. The Government bond market gem
orally speaking has been strong with the volume OF
business small The demand has been less, If anything
owing 10 the decreased dsbur mcnt OF interest Dy the
Treasury this unlocked capital in large proportion
seeking new channels for investment. The stock
market opened tame and uuinterCstine, the H.
tense heat Of the weather being the chief cause
for the dullness. There was further decline in Erie
in sympathy with similar movement at London.
There was sharp in Pacific Mail, predicated upon
the return OF President sockwe aud the favorable re-
port he is expected to make wabash point or 50
with more activity than for some time past The mar
ket was more active at the close but the whole it has
been quiet and uniform. To-day speculation, with the
exception OF Erie and Pacific Mail, was limited
again. and the market appears 10 have fallen back into
its old rut. The general list started of strongly
Erie advancing quickly from 5ls 10 5-i. Pacific Mail
opened at 7ss Q7sl, and after yielding fraction. ad
vanced to 7sa. From this point there q steady de-
cline TO 79l the price only reacting 70 80 &C the close
Erie also closed al 5E452 decline OF per cent from
the highest point OF the day. The changes n the Ge-
mainder of the list were only 10 per cent the chief
business having been u n. J. Central Lake shore North
West Common, ana Rock Island. Among the invest
ueuts We note sales Of Morris and Essex 90 slaTc at
g25; New-YOrk and New-Hlycn Is sharcsJ 40 IA; New
Jersey Central 1875 OHIO and Mississippi cferred at 7l
Pittsburgh, o. Z, aud c., c. Cincinnati and Indianapolis 40
shares az 9li IN the miscellaneous shares there
little doing Express stocks remain steady small
dealings. The following tie opening, highest, low
est, and closing prices OF stocks to-day: