The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-07-12
FINANCIAL AND COMMERCIAL.

FRIDAY, July ll-6 l.. Nj.
There was . decided reaction in gold and ex.
change to-day. The former opened at ZIG, and
fell to 1l5H, ll5, ll41I, and closed ll4A bid.
Exchange opened at l27H l2sH, and closed at
about l28 l27 Public distrust appears to be
subsidng; merchants are selling their gold and
their bills and there are but few new buyers.
The heavy shipments of all kinds of produce, mer.
chandse and goods, which are being made for the
purpose of realizing profits on bills on England,
and on the other hand the prospect that the ra,es
of exchange will inevitably put stop to imports,
are having their natural effect upon the market.
brilliant success in Virginia would cause specie
and exchange to fall as rapidly as they rose.
Money continues moderately active at a pei
cent for call loans. There is so little mercantile
paper in market that it is hardly worth while to
repeat the quotations day after day. We quote
first class names G per cent; certificates of in
debtedness 99N. Green backs, demand notes,
sold at 107 "a.
The stock market was irregular this morning;
but majority Of the railway shares were lower,
mainly in consequence of the failure OF ahouse
which is understood to have had large interes.
on the bull side. Governments were without
change and so were State stocks generally.
Pacific Mail advanced "a per cent, guaranteed Il,
Cleveland and Pittsburg Il. On the other hand
Central declined a Erie n, preferred n, Harlem
a, Michigan Central n, and Illinois Central a.
Rock Island, Panama, Harlem preferred, Toledo.
&C., showed no variation. Bonds were in rather
firmer demand; the Pittsburg and Fort Wayne
firsts advanced l per cent, and the Michigan
Southern sinking funds u. just at the close OF
the morning session heavy feeling came over the
market, and Central was done at decline of "a.
L-:n IN o,~l De- sGc ho:I Az fhn
second board the decline continued, and the specu-
lative list fell from to II per cent. Pacific Mail
declined two per cent more. The market closed
weak, the following being the last quotations.
United States 6's, registered. 1881, 1919 a l02;
United States c's coupon. 1881, 1917 1917;
United States 5's. coupon, 1874 80 9O14; Treasury
notes. $40 per cent. 1917 lo4s4 Tennessee s's.
53I 53sa; virgina6's. STA; North Carolina 6's,
e9a7l; Missouri s's. 4sN 4s1s; American gold.
ll4a4 ll47s; Pacific Mail, los 1857; New
preferred, GA 62H Hudson River, 45A . 46;
Harlem, 15lt l6; do. preferred 37Z o 37Is;
Reading, 5614 56A; Michigan Central, 81 a6l%;
Michigan Southern and Northern Indiana, 25H . 26;
do guaranteed 561 66s4; Panama. 100 13l; ILL
nois Central, 57ss SIX; Galcna and Chicago, 6s%
a 69T; Cleveland and Toledo, 47H 471aa; Chicago
and Quincy, 76H TN; Milwaukee and Prairie du
Chen, 32s SO; New York Central rs of ls76, lot
a 1903; Erie third mortgage bonds. 97H %;
Michigan Central S's, first mortgage, lot l071<;
Illinois Central bonds, rs, IS 90.
The business of the Sub Treasury was as fol-
lows to-day
Receipts. SoVO 4Of %
-For custOms sss.s.s.s..ssssss.sss.'.. lltWv w
Payments ACKNOWLEDGEMENTS. ,943 l66 "
Balance t,o4SlSS 10
The exchanges at the Bank Clearing House this
morning were $27. 2Os, 7s0 Is, and the balances
81 $50 1854 20.
The Firemen's Fund Insurance Company has de.
clared dividend of three and one half per cent,
payable on demand.
The following is . comparative statement Of the
imports of foreign dry goods at New York for the
week ending July 10 and since January L.
For the tocek. 1880 1881. 1882
Entered At this port. 81 1Te456 22533s 500 $50
Thrown market. /, TBS ,237 146,707 572,2T3
Since Jan 1.
Thrown on market. 50 2l8.3l 2s,a9s5S6 2e2l6,ol9