The New York herald., 1862-08-09
FINANCIAL AND COMMERCIAL


fhpAI, August 3D. r. ~.
Money 10 offered Everywhere at 4 per cent, and
We AeH Of .srge loans At ssh. TAa depodta af
the sub-fseasury at Der cent (amounsing to-day
10 sloo,oQ0, operate TO maintain the price Of
money. Certificates of Indebtedness have risen to
sel@. Demand notes took an upward start to-day,
and are quoted 1857 l06- This will only he
temporary, if The government does net enter the
market again az buyer.
There was another collapse in gold to-day. II
opened at ia, fell to Il3, and nay between the
boards; sold at li4s4 At the second board, and
closed that bid. The bulls are generally fastening
to sell out. Exchange was dull to-day; but bankers
are unwilling to sell below l24H l26. These
rates cannot be maintained. Confidence is steadily
reviving; gold boards are being sold out, and
bills viii soon be in excess Of the demand
unless rates decline materially. The dry goods
import for the week ending to-day-comprisin
many goods imported in the hope of being entered
under the old tariff amounts TO over $4,000 900.
The stock market was active and buoyant to-
day. Confidence seems to be established among
operators, and all the commissions have orders to
buy. At the first board all classes of governments
were better; the 6's Of 1881 rose "a per cent, the
SIS Of 1874 s, the 7.30 notes "a. These latter pay
better interest at present prices than the other 60
vernment stocks. Bonds were in better demand;
there was an inquiry for Northwesterns at III per
cent above yesterdays price, Pacific Mail reco-
vered from the depression of yesterday; it ad-
vanced l1& per cent at the first board. At the
same board New York Central rose II, Erie IA,
Erie preferred "a, Harlem ~, Michigan Central
Il, Southern old "a, guaranteed -, Illinois Gen.
tral II. Cleveland and Pittsburg q, and Rock
Island L. Between the boards very little
business was done. At the second board govern
ments and New York Central were fraction
lower than in the morning; but the rest of the
market was better and closed firm. The following
were the closing quotations. States 6's,
registered, 1881, ssH . ~ United States 6's,
coupon, 1881, 99H "A; United States 5's, 1874,
s6N . "a; Treasury notes, $40 per cent, 1857
a "A; Tennessee SIS, so "a; Virginia 6's, 81 So;
North Carolina -6s, 65 o 66 Missouri 6s, 451aa "a;
American gold, 112A l13; Pacific Mail, Ill
ll2; New York Central, s211 "a; Erie, 351l "a;
do. preferred, 65A q; Hudson River, At "a;
Harlem, i6 Il; do. preferred, 3sA 40; Read
ing, 6szs SO; Michigan Central, 6324 q; Michi.
gan Southern and Northern Indiana, 2711 "a;
do. guaranteed 6sss q Il; Panama, l3s ~
Illinois Central, 59A q "a; Galena and Chicago,
OJ/D - "a, Cl0VcldLu Huu 1OIeuop 1o/e :" -, NAA
cago and Rock Island. 647s 66; Chicago, Burling-
ton and Quincy, so "a; Milwaukee and Prairie du
Chen, 33A a 81; New York Central rs, lOs
llO; Erie third mortgage bonds, ss4 100;
Michigan Central s's, first mortgage, 1857 "a;
Illinois Central bonds, 7's, 96A 81 After the
second board the market WAS frm-Erie about
&c. and Erie preferred about s6.
The Galens and Chicago Railroad Company
have secured from the owners perpetual lease
Of the Chicago, Iowa and Nebras1A Railroad.
which is the extension of the Galena line into
Iowa. This lease places the 0Slena company in
control Of q line Of road running 800 miles west
wardly ffom Chicago, through the richest and
most prosperous section Of the West. Persons
who have just returned from tho West state that
the earnings of the road this fall will be the largest
in its history. Thus far this year the Galena has
done exceedingly well. The following is state
ment of the earnings Of the line for the first seven
months Of 1862, as compared with the same months
Of 1861 and 1860:---