The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-10-10
FINANCIAL AND CONNER GAL.
WgDNEspAY. Oct. &C =. IT.

WEDNESDAY, Oct. H-G L. NJ.
There is no change in the money market. Money
is very abundant at per cent on call, and tho
highest grade Of paper is wanted at 6 q Z per
cent Six per cent Treasury notes are in demand
at $685. a seI. The banks are all accommodating
specie very rapidly and are not feeling any incon-
veniencc from the government loan.
Stocks advanced again to-day, though the move
ment was more irregular than on Monday or yes
terday. Toledo rose pa per cent, the Michigan
shares - y, and Reading and Central ]. Eric,
Hudson ana Illinois Central all rose a: Tcnnessees
and Eiissouris rose q. United States stocks Were
steady. and Galena and Rock Island fell OF Il per
cent 1t was to be expected that, after the active
rise Of the past four five days, some operators
would want to realize profits. indeed, reaction
has been confidently anticipated for some days by
some of the older specnlsiors. However sound
The reasons for expecting general advance
in the money value of stocks and other pro-
perry, il cannot be denied that the upward
movement of the past week has been rather too
abrupt TO be reliable and, il anything. rather pre-
mature. Experience teaches that when stocks al
vance one two per cent Gay, the advance can
not be maintained, but is soon followed by sharp
reaction. After the first board to-day the market
was tame; in the afternoon stocks were generally
steady: Toledo was per cent higher; Central rose
!. *; United States registered skies Il, and G
per cont Treasury notes -. The market closed
firm, tho following being the last quotations.:
Treasury per cent. two years, 9ss9 1873; Unit
ed States 6's, registered, 1881, S2% 92lss:
United States G's, coupon 1881. s214 92sz: Unit
cd States SIS, coupon. 1874, 81 a e2taa: Indiana
5's, 1871 Toiis: Virginia 6's, As a ~; Tennessee
G's A2:< 42Is; North Carolina 6's, 6014a sos;
Missouri 6's, 43M A; Pacific Mail, aaI al;
New York Central. ISL. 7ai4; Erie, 10 30I;
| do. preferred, IS A.; Hudson River, 3i14 a
| S71a: Harlem. y a ~: 10. preferred, 2,% a
! %; Heading, 36I 3sT.: Michigan Central, ~ %
] lsi%; Michigan Southern and Northern Indiana,
II TX: do. guaranteed, 1925 371s Panama.
III ll3; Illinois Central, d7 67lss: Galena and
Chicago 7i}.a11(: Cleveland and Toledo, 3Gs4 q
| 81; Chicago and Rock Island. Asfs f.; Chica-
60, Burlington aud Quincy, e3l. 64 Delaware,
| Lsckawana and Western, G7 -; luois Central
| bonds "a, SIS a So
The business Of the Sub-Treasuy WIS as follows
to-day
--For customs Ii 500 "
Treasury notes. .....,................ oiuoo y
balance. u ,a3s,d II
! Messrs Read a. Drexcl have sold 5000 900 Of Tie
new Treasury notes. aud other agents have like
wise done we'll.
There were sale. Of Elic shares in London OF
the 9th at 321s. The latest full report of The
market VIC have is in the London Times Of thC
Goth, which notices and quotes foiiows:.
The principal feature the colonial market has been
fail in the Grand Trunk TO 1914 30, and In Great Wes
Of Canada to "a Il, tho decrease IN the tralc
In American securities Virginia SIX per cents and ijuo
Cen.rol shares rcceded conada Ave rer cents, lGoa4