The New York herald., 1862-09-27
FINANCIAL AND COMMERCIAL.
FRIDAY. Sept. 26--6 p.


There is much quieter feeling in Wall street
to-day; yesterdays excitement has comparatively
subsided.
Money IS pretty freely offered at four per cent
on call and we hear OF occasional loans at three.
Certificates of Indebtedness are steady at half per
cent discount: demand notes advanced this morn
ing to III, and closed at ll64 bid.
Exchange is not very active, and notes are the
same as yesterday. bankers bills being worth
1872 1872. Gold remained all day inactive at
1908 5s; il closed this afternoon at 1905 bid.
large number of wealthy men are buying gold for
deposit al the sub Treasury in order to guarantee
themselves against possible depreciation OF the
currency.
Stocks were extremely active to-day and the
business done at the board was enormous; but
there less speculative excitement than yester
day. The advance of the past few days has
brought large quantities of stock into the market
and, though the circle of buyers widens daily and
everybody seems to want some interest in stocks,
the market naturally pauses after every smart
upward turn. At this mornings board the
Western shares all supplied in excess of the
wants Of the market, and Michigan Central de-
clned Il Southern old ~, guaranteed Il, Illinois
Central |, Galena l Toledo l, and Rock Island
70. There some bear sales Of these shares;
but we presume that most of the stock sold was
bought some time since for the rise. Some
of the brokers received orders from the
country to SELL Others again were free
buyers on commission. Each decline not
only brings back into the market the
old operators who had sold out at higher
prices, but likewise new class of men, With
the exception of Harlem, the New York shares
improved at the first board. Harlem old, which
was in demand last evening at q, fell of II this
morning, and Harlem preferred /. But the Fries
and New York Central were both in request at
= advance. The frmness Of these stocks il due
to their large earnings. II this market continues,
Central may sell this winter at the prices which
ruled just after the consolidation. Panama fell
off 2lls per cent this morning, on the sale Of
small lot: Pacific Mail rose Ia. Railway bonds
are very active indeed, especially the Eries and
the Fort Wayne bonds. The frsts OF the Fort
Wayne sold this morning at par, an ad-
vance Of Il; the thirds at Ga, an advance
of per cent. 1t is in contemplation by
the company to buy up these third mortgage
bonds and get them out of the way, as-nntil they
have cancelled 81 900 Of their bonds
dividends on their stock are restricted to 6 per
cent. They claim now to be earning IL per cent.
and do not expect to earn much less hereafter.
The stock is selling at Az. In State stocAs there
was no change this morning, except in Missouris,
which declined Il per cent Governments are
changed. The interest on the October issue of
the 7.30 notes will be paid in gold at the Sub
Treasury next week. After the first board to-day
the market was dull, and some leading shares were
sold down 4 u per cent. After every great rise
Wall street desires o reaction, and generally OBJ
tains il. At the second board everything was
lower again, except governments, which were
steady. The decline or the leading railway shares
was about 1S p per cent. The market closed
weak the following being the last quotations.