The New York herald., 1862-09-05
! FINANCIAL AND COMMERCIAL.
THURSDAY, Sept. a.

THURSDAY, Sept 4-6p.M M.
The excitement and panic in the street yester-
day have, in great measure, subsided, many Of
the rumors which were then rife turning out to
have % foundation in TRUTH Prices for all classes
of securities were generally better to-day, while
gold, which has become touchstone OF public
confidence, fell over per cent this morning.
The money market has been growing dearer for
the past few days, and now the standard rate for
loans on call is 5 per cent. Some few first class
houses can still borrow on call at four: but most
lenders are calling in their loans at that figure.
In mercantile paper the quotations are about the
same, with but little doing. One years certifi-
Gates of indebtedness sold this morning at 96ss,
which is an improvement of "a per cent since yes
terday. Demand notes for Custom House pur
poses are quoted nt lOs l0sH and are dull, in
sympathy with gold.
In foreign exchange We have to report steadier
market as compared with the fluctuations Of yes
terday. As yet there does not seem to be much
doing for the Saturdays steamer. We quote:--
Bankers bills on London, so days sight, 100;
days sight, 1907; Paris, 60 days. sight, 4.3o
4.35; days sight, 4.271a A.321a. We also hear
of sales of commercial bills, sterling, at l29H.
At these prices the decline of yesterday in gold
gold at this mornings board were larger than we
have seen since the abolition of time contracts,
the transactions in the printed list alone footing
up about 1915 900. Sales made in the street,
before the board, at 1lsA- decline of "a per cent
since yesterday evening; at the first board it
opened with sales at lls14 and sold steadily down
to ll7M, at which price it closed bid. Between
the boards the quotation was ll72 bid; at the
second board sales were made to a small amount
at ll7M and ll71s, closing ll7s4 bid.
The stock market was better throughout the list
to-day, and the unpleasant rumors of yesterday,
which frightened timid holders into sacrificing
their securities, have left US, while in their stead
we have satisfactory advices from Washington.
These have had the natural effect OF putting up
prices. In governments good business was done,
while State stocks remained quiet There is good
demand for interest paying railroad bonds, which
are daily advancing in price. Railway shares were
also active at a considerable advance. among the
most prominent of which were Erie preferred,
Hudson River, Michigan Central and Chicago and
RocA island At the first board coupon 6's of 1881
advanced Is, coupon SIS of 1874 "a, seven-thirty
Treasury notes "a; Central with large Sales wa
ss better, Erie "a, Erie preferred x. Hudson River
2. Michigan Central a, Illinois Central Il Galena
q, and Rock Island Il. The amount of business
done was larger than for some days previous.
There we're sales Of Erie bonds, the thirds at 1Ol,
fourths at ea1 and the fiths at s71; Illinois Gen.
tral construction bonds were done at par, Chicago
and Northwestern assented at 52I, and Fort
WAYNE trsts at 961a 4, seconds at 80, these prices
being 2 light advance on the last quotations. At
the secord board the market was better and Q
further ight advance was obtained. Coupon 6's
oI ~ SOLD 80 lools improvement of u; Z $40
Treasury notes advanced ss, with sales Of $35 900.
Central Wa :. better. Erie Z! Erie preferred "a,
Michigan Contra, ls. Southern old r. guaranteed
Il, Illinois Central "A, Gaena 4 and Rock Island
4, Hudson River decned "a and Reading a. At
the close ths market was steady, the following
hrinm LIZ iaAk nnntn finns