The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-07-12
FINANCIAL AND CONNER CiAL.
WEDNESDAY,, July ll-6P. NJ.

WEDNESDAY, July IL NJ.
The dag has been quiet one, both ia money
and exchange. We note gradual increase in the
supply of money; we should say that per cent
was the general rate to-day for call loans, and -
for first class paper. The market s evidently re-
lapsing into the dull condition which prevailed be-
fore the first of the month. The Sub Treasury has
been doing lively business lately; today the re-
cepts we're s407, s29 of which 1854 600 were from
customs; the psyments sl56, 25? balance this even
ing, IS ,502, 02i.
There was nothing done in foreign bills to day,
as usual on Wednesday The market Is called
firm.
The following are the quotations Of sight ex-
change on New York at the cities mentioned
PHILADELPHIA. .......... ..............par
New orleans. q " q Prenu"
cincinnati. ''''''......''''''.''''', q a.
Chicago ............''''' ............lss
The stock market was active to-day, and the vo-
hume of transactions quite large. At the opening
the sellers were more numerous than the buyers,
and prices gave way fraction. but TO.
wards the close of the mornings business
the market raIsicd, cloeiag strong. In the
afternoon prices were again higher, and the gene
raj market closed very strong II seems 10 be un-
derstocd that several Of the large purchases of
Western stocks which have lately been made are
for the account Of grain operators. who are dis
counting the future freight traffic which they eX-
pcct 10 result from an active export business in
breadstuffs The sales OF Galena. Rock Island.
Toledo and the Michigan shares were very large;
prices, however, were generally below those Of
yesterday. The advance in Michigan Southern
from the loz est point touched last year Is about
81. per share on the guaranteed, and
go on the common stock. from the scar
city of the stock IL seems to be gene.
rally inferred that IL Is being taken out
of the street. Erie and Central were both frac.
ton lower the CORNER, apparently, on the foreign
news The business of both roads cannot fail TO
be very large this fall Hudson River was also
lower. The business in railway bonds continues to
improve and extend We note to-day sales Of Chi
cago and Northwestern first mortgage at 50. This
road will do fine business this fall aud win pay
interest on its dela without doubt State stocks
continue 70 be wanted at fun prices. At the close
to.day the following were the quotations:-yir-
ginis 6's 9Ii !; Missouri 6's, sig Il Canton, l9i
a 20; Cumber and Coal, IL 4; Pacific Mail, 9l a
!; New York Central, s2i 3; Erie. 20 a 4; Hud-
son River, 494 /; Harlem l3l /; do. preferred,
800 a 30; Reading, 47i a !; Michigan Central, 5li
I; Michigan Southern md Northern Indiana, III
Il DO. guaranteed, 3ji a 81; Panama, 1864 ~
Bliaois Central. Si J; Galeca and Chicago, GGl
a 60; Cleveland and Yaedo, 500 !; Chicago and
Rock Island, IS [; Chicags, Burlington and
Quincy. 75i rs.
The exchanges at the Rank Clearing House this
morning were f23.2Jl ,07, and the balances
81 ,l69 ,92i Is.
The following dividends lave been declared
The Standard Fire Insurance Company dividend
of five per cent, payable on the l7ti inst; the
Arctic Insurance Company semi.aunull dsidcnd
Of siX per cent, payable on the 10th Of july: the
Importers and Traders Insurance Company o
dividend Of four per cent, payable on The lol inst;