New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-07-25
SALES FROM y o'clock p. VI, TO CLOSE OF Bus
MSS 3 O'CLOCK NJ.
FRIDAY. July 24-P. NJ.

Very little additional information has yet reached
Wast concerning the bids for the new Five per cent
Government bonds except that II Is believed thaI
fv s1O0O00OJO were bid for and that the condition
al bids OF Messrs. Selignan a Co. and August Bel
mont amounted TO S6O0OOOOO instead OF S51UJO'OOo'
as intimated in this mornings TRIBUNE Auch
anxiety is felt among banks and bankers to know
the final result of the offerings, and many are dis
posed To crticse the pursued by Mr. Brisow in
regard 10 the matter insisting that he Ought to have
opened the bids publicly and announced the result
NJ once. The latest information from Long Branch,
where the Secretary is supposed to have been III
consultation with President Grant, is TO the effect
that the bids and the determination OF the treasury
in regard to them will be announced from WASH
inqtop IN time for publication in tomorrow morn
nrs journals Il is thought quite possible that the
d.,av has been purposely prolonged with view to
giving Nessrs Seligman and Belmont time to COM
nuDicate by cable with their principals III Europe
and ascertain whether they would not De lncAhcd
10 vary their proposition so tha0 the
+o,tv or thirty millions bid for by other parties
could be delivered. Should this prove to De the
case and should these strong foreign houses con-
cude 10 take the large amount they have bid for
with call on the remainder of unsold bonds II Is
most likely that they would finally take the re-
rnainder of the Loan unless there should be IN the
meantime some unforeseen disturbance III the Euro
mean money markets and so within few months
tho whole S170OO0OO0 would be closed out. IL Is
not to be supposed that the Secretary Will accept
these conditional bids to tine exclusion OF the oilers
of our own capitalists who attach no conditions TO
their bids and ask for special privileges
The large orders given on Thursday for the closing
Nm of short account proved TO be fortunate thlng
for the market. It is now quite evident that the
real stock was there for sale on account OF the ds
appointment Of holders attendant upon the pass
ingD OF the Lake Shore dividend, and which, except
for the, order referred TO- would have WATERWAY
denressed prices. As it was. the market was given
steadness which probably induced some who had
resolved TO sell to hold on To-day We have had an
exclusively brokers' market, dull, stupid
and unsatisfactory to all who have 10
nav n commission upon their transactions and
il seems likely to remain for some time. The IN
ducement for people 10 come into Wall-st. 90
buy fancy stocks, to grow less day by day;
but so long as present holders are inclined to Keep
their stocks off the market there is not much proDa-
bility of any large decline advance IN prices The
market started of to-day about steady and for
while seemed inclined to remain So Lake Shore,
Erie and Pacific Mail being the most prominent II the
dealings and in these there disposition 10 sell
when there was any desire TO operate at ALL so the
tendency was downward The market has reached
a condition where very small purchases
strengthen it, and very slight offerings depress it,
Pacific Mail was the weakest stock upon the list to-
day. the price having been depressed by the an
nonncement of the loss of the company's steamship
CITY of Guatemala went down to 49,, but sub
seouently rallied TO 49,. We understand that the
shin was worth about SSOO00O and was insured for
lOO0OOO francs, OF about S2OOO0O gold. The market
was heavy in the afternoon closing weak after very
narrow fluctuations. The opening highest, lowest,
and closing prices of leading stocks sold to-day were
a. follows: