The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-08-24
CucAGo. August on 1891
UiWEGO August Ty IIHf
ECsIr vNsMtlnd AT 81 70 for Snrirg vbrai
FINANCIAL AND CONNER ClAL.
EH1nAY. Aunnst 2a-G Pm.

FRIDAY, August 23--G +. NJ.
Money is said to be in rather better demand; but
we cannot discover that bankers are getting any
for loans or that paper is selling any higher
There is so much money here that, in the present
stagnation of business, it is difficult to how the
rate Of interest can rise under any circumstances
1t is rumored that large proportion of the CAPT
tai Of the banks OF New Jersey is loaned con call
to some of the boldest of our stock operators. In
times like these, when the stock market is fever
sh, and the properties represented by fancy stocks
are dePrecaing daily, such loans cannot be recon-
c;ied with the principles OF sound banking. The
New Jersey banks would pursue wiser well
patriotic course if they LEFT the stock specu-
lators to take care of themselves, and employed
their means in the support Of the government by
buying Treasuryn notes.
Foreign exchange is shade stronger. Bansers,
ask 525 80 for francs and 1917 q for sterling.
Commercial bills are picked up by bankers an
1861 1917 for sterling and .35 36l for francs.
The of the importing trade does not promise
much for exchange. During the week ending tn
day the imports of dry goods were only 81 06z,034
against s3,A9s,7s2 same week last year, AID
1873 JOB same week Of 1885, and the aano,mt
marketed only thrcefourths of the Importation.
A moderate business was done in stocks this
morning, the most active being Rock Island,
New York Central and Toledo which were frac-
ton higher than at the close yesterday, but not SO
high as at yesterdays first board. The New York
Central books opened to-day, and there was no
scarcity of cash stock; the bears made their de-
liveries without difficulty, and 1873 was at one
time the best price for the stock, though it sold
afterward at 73Ts a a. The other railway
shares, Illinois Central, Erie, the Michigan
shares, &C.. were steady at yesterdays price.
State stocks were all Il al lower. Govern
ments improved an eighth. At the close Of
the first board the market pretty strong, and
continued so between the boards. At the second
board the market vas generally rather better,
and closed steady at the following quotations.
United States 6's, registered, lSsl, S71S a %;
do. 6's coupon, 1881, s7J IS; do SIS, 1874, 1914
"a; Indiana SIS, 75Z II; Vagina G's, 5o1% g,
5lI; Tennessee ca, 4255I "a North Carolina G's,
So; Missouri e's,. AZ x; Pacific Mail Steamship
72a "a; New York Central, 1871 "A; Erie, %
"a; Hudson River, s233I q ss1.; Harlem, loA. q
a; do. preferred, M Is; Reading, 35Z y ~
Michigan Central, AZ a 4; Michigan Southern and
Northern Indiana, 1894 "a; do. guarantees, 20 y
Il; Panama, loSss 1868; Illinois Central, e411a
"a; Galena and Chicago, 65A "a Cleveland
and Toledo, 29A u; Chicago and Rock IsaAd,
| 4O}a Al; Chicago, Burlington and Quincy, SO a
! a; Milwaukee and Mississippi la14 10; Illinois
! Central bonds, rs, ss;4 80; Delaware and Hud-
son Canal, SIS q Il; Pennsylvania Coal 76 n:
Treasury Cs, s714 a "a.
The condensed abstract Of the reports Of the
Galena road which were published in this mornings
HERALD, from Mess1s. S. Haliett 4. Co.'s circular,
tells tale which no stakeholder or bondholaer 10