New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-08-04
SATURDAY, Aug. 2-P. u.

SATURDAY, Aug 2-P. "
The week Just closed has been characterized by
great plethora of money, immense amounts of CAPT
tai having been obtaiDable at 3d4 per cent call
upon pledge of acceptable collateral. Time loans
have been plentiful at z per cent gold for the
mainder of the year. and loans extending six months
have been and are still to be had at to per cent
In commercial paper fair business was transacted
aud prime grades were taken at 81 TO
n per cent, according to maturity. The
Gold speculation was strong early in the week at
advance from 11js 115E, Notwithstanding the buoy
ant condition of the London market the improve
ment in American securities there and the weakness
of exchange here. The rumored intention of Secre-
tary Richardson, to increase his gold sales
in August caused rather a charge in the tenn
per of the market, aud the premium fell
from lis! to 115g with a recovery at the close to
1lj2Gll5l. The decline was assisted by sales OF
long gold and if it be that this apparent weak
ness induced sales the short side of the account
it may have important bearing on the future
course of the price. During the week 1-Gi was paid
for the use of gold in few instances, but the gen.
eral rates were per cent to fat. The foreign ex-
changes were weak and lower. Early in the week
borrowed bills were offered freely, but toward the
close these disappeared. There a sharp advance
in Government bonds in sympathy with the inn
a firm front. The stock market was some
what irregular, but in the main higher
prices were made, which, in the case Of
the Vanderbilt shares and a few others,
well maintained in the late dealings. Northwest
Common was weak and declined from 70b to 67s, but
recovered TO 60 toward the close. Erie was alter
nately weak and strong luctuating between ISL and
Goa Pacific Mail declined from SS 10 81 the financial
difficulties of the Company growing more and more
serious At the close, the decline partly re-
covered. Union Pacific, Ohios, st. Paul, G. c. and
/. C. and Wabash were higher an increased bust
ness The course of prices is fully shown in the
tables below. To-day, speculation though tame
was strong, and the advance in prices
brought some of the shares up to the highest point
of the week. The largest transactions were in West
ern Union and Pacific Mail, which advanced to 93b
and 3s respectively. Tue President of the Pacific
Mail Company borrowed S12i,l24, and satisfied the
claim of the city for overdue taxes that concern
is safe for the present at least The market reacted
slightly in the afternoon on the unfavorabe bank
statement. There was a sharp advance in Delaware,
Lackawanna and Western which sold at 1Ol5Gl02.
To-day's stock market was all that could have
been expected of a sultry Saturday in midsummer,
nearly every active stock gaining but amere frac-
ton on the closing quotation of Friday night, ex-
cepting Erie and Northwestern, which remained
almost in statu quo, and Pacific Mail. which closed
point in advance Of the previous nights quotation.
There was evidently a truce between contending
interests whether from sheer exhaustion or to take
care of the killed and wounded of the weeks con-
test is nmaterial Peace, be STILL was the order,
and the two Boards we're stiller than for many a
day. The following were the opening highest,
lowest and closing prices OF stocks.