The New York herald., 1876-08-14

gold bare.
GovERXMgNr BONDS
In this department the most important event OF the
week the award by the Secretary Of the Treasury
TO Messrs. Fisk l. hatch, bankers, Of this city, OF
81, 600 five per bonds 1851 These bonds
authorized by the OF July a. 1870 and January 20
ls7l and bear interest," payable quarterly. from August
/, 1915 The payment ID TO be mado In gold within
three days The competitors numbered twelve, and
the bids ranged from 10l 60 to l0j o. which price
the bid OF the irm abovo-named was accepted.
The dealings IN other government securities havc boen
only moderate Stl, II ~ observable that not a iew
Individual investors show thoir confidence
III this source OF revenue. and apparently prefer Tho
samo to the dubious Inducements offered by
savings banks Prices were shade lower At tho close
STATE BONDS
In tho man tho tone Of those has been firm, esps-
cialy tho OF Tennessee Georgia gold
strong ut los, and there good homo demand
for Virginia consols. Louisiana consols on tho con-
trary, weaker, and declined nearly ten per cent
IRON the pr,co OF Monday, when they quoted at
90 bid and 621s asked The reasons given IN Now Or
leans advices various and between them it is dll-
cult to determine whether the decline tho result OF
'tear rad or inability the part OF the State
ernmcnt TO pay its January interest,"
RAILROAD BONDS
were In fair demand and some instances advanced
materially. This is heid OF Investment that will well
bear eslgation for there many securities
Offering below par, which gold and currency inter-
regularly paid and on which there Is likely TO
no default that oler to unemployed capital profits
such not presented elsewhere. 1t would he In
vidous mention names but the investor will have
no difficulty In making his choice alter due invesga
ton.
AMERICAN MINING
is progressing with unexpected rapdity In Its prepara
tons Tor the transportation Of business and in the
matter OF receiving applications for membership
which row coming in from some OF our best known
Wall street firms, well as from prominent San Fran
cisco commission houses and spectators. The COM
petition often arising in times past bo;wccn this
city and London the shares of the Erie Railway
expected be repeated grand scale between San
Francisco aud New York tho prominent
Nevada shares be regularly dollt in here. On
the opening OF board the morning the latest San
Francisco quotations will be those OF the previous
night, after which prices reach from there
until about throc O'Clock in tho afternoon, when the
opening prices of the Pacific coast may II
not detained in tho telegraph ollces their long
journey tho continent, the difference of time
between tho two cities being rcckoncd thrco
hours and twenty minutes Aside, therefore, from
the regular business Of buying for Investment and for
future profit speculation transactions may be made
here in the morning. to be settled according to the
prices in San Francisco ut either the opening the
close OF the day, dealers option may close up or
change their accounts with each succeeding day until
such tmo Pacific friends shall operate upon our
prices as often operate upon their own
In addition TO California and Nevada, Colorado Ari-
zona North Carolina, Georgia and other precious metal
States will in with their mines various stages
productivcness and thero will be assortment from
winch the iastldious Spectator may
select something suited to his fancy. As rule our
solid Will steer clear OF non-productve mines,
though they may take an occasional 'nyer" In the
companies started undor favorable auspices, but the
genuine constitutional speculaor will buy anything
that has a future and sell ..short" everything OF which
hc has reasonable doubts. The officers or the Mining
Board declare their determination 10 admit new
companies their list without careful examination.