The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-08-24
FINANCIAL AND CONNER GAL.
THURSDAY, August 23-6 p. NJ.

y. II.
The money market presen IS no new features.
The supply on call, at per cent, is fully equal to
the demand, though in a few instances some bro
kers seem TO be pressing more. The banks are re-
ported TO be less anxious than they to obtain
paper for discount, and more good names are COM
ing into the street, still at per cent for short and
7per cent for months paper, business is pref
ty active. The English letters predict a more
stringent money market this fall and next winter
in London in consequence of the crop failure.
The exchange market has opened with mode
rate inquiry for bills. The rates, which are
stereotyped, are 1897 Ito for 60 day bills
on London, and no. for short sight; for
francs, 5l3i a l45 for 60 days, and
$780, for short sight. There are some produce
bills in market, which sell at 1901 a !; but there
are not enough to supply the wants Of the foreign
houses, and pretty heavy shipment ofspecie-say
81 500 900 81 $50 ,OOO-wil probably be made on
Saturday. To make up for the loss, the Ariel ar.
rived this afternoon with SOS S3j
The stock market this morning was stronger and
looked healthier than it has done for some days;
a general advance Of ] a per cent was realized on
Tie speculative stocks Between the boards, the
supply of stock was in excess OF the demand. and
a small reaction took place; in the afternoon
prices were steady al the reaction and the general
market closed qSo firm. The largest business Of
the day was done in Eric and Illinois Central. both
Of which were affected by the London adyiccs-it
seems that the British spectators are operating
freely in them. Erie. which closed yesterday at
Isl bid, sold This morning at 29i Tor cash.
and closed tia, bid; Illinois Central, which closed
yesterday al s6l BID sold this morning az IS cash,
and closed s., bid. All the Western shares were
higher. As compared with the closing prices yes
;eriay Rock Island advanced this morning q Ga.
len, I. Toledo T Burlington / Michigan guaran.
teed I. Michigan Central !. In the afternoon these
stocks were all a trine lower. except Michigan Cen.
trial, which sold at ~ after the board. Hudson
River was strong; il sold up TO 5ei on time closing
5Si bid, against s. at the close yesterday Reading
was also fraction better. New York Central was
freely taken on time th morning at Sj-the closing
price was 81 against - at the close yesterday. IA
ntmatcd in our paper OF this morning the accident
will no, interfere with the business OF the road
The business in state stocks and bonds small but
well distributed: there Is change in prices. The
following were the last quotations OF the day
United states SIS 1874, 1925 a /: Indiana state. 90l
a q; Virginia State 6s, 9Ol a 81; Tennessee State
o's, 904 I; Missouri State 6's. Sli a 81; Canton
Company. 20 a 20i; Cumberland Coal preferred
Is l6; Pacific Mail ~ so; New York Central
So !; Erie, 2oi {; Hudson River. $50 50;
Harlem, Is !; do. preferred, 41i a IS; Reading
4Gl a 1: Michigan Central, 5li {; Michigan South
orn and Northern Indiana, 22i %; do. guaran.
tccd All -; Panama. 1854 l26; Illinois Cen.
trail. s5s a Galena and Chicago, s2a I: Cleveland
and Toledo. a. J; Chicago and Rock Island. $50
I; Chicago. Burlington and Quincy, sol 30; Illinois
Central Bonds % X Delaware aud Hudson
Canal. 9ji; Pennsylvania Coal. - a ST.
The business OF the Sub-Trcasury to-day was rs
follows
Total receirts Sl~'NSl -
tUr customs 49, UH 90
Total pay fuents l4o 4to 20
Total bslanc,s - vo 4tJ "
The exchanges at the Bank Clearing House this
morning were So, 4Jl,ojl -, and the balances
s933l35 %.
Co'cmau's circular per Ariel says:-
The reoar,nigif or u5tey has BEEN aui continues
quite tght 90 meet ,uga.si afsuE olt o or0i1ary
fttncss trausastious owur O. tfe inist nI1ut uf
ta1e cone in ulfsrrs lr tuie iast. ne fatCs
have urtsraple tte ~ rr c.l4 since a. reference.
ahlt ftr corf being tta ral a ou -ca lfi seen
rtts a. a.r r.tt abundant bog uarn.tcrt irrDirlt.
Lstrfc'. irlrg could I.lo De- tIit.Lyu % lever