The New York herald., 1863-08-23
FINANCIAL AND COMMERCIAL,
SATURDAY, August 22-6 p. NJ,

SATURDAY, August 22-6 p. N.
Money was in more active demand to-day; but
the abundance was equal to all requirements. The
certainty of two days. interest which attends loan
made on Saturday generally brings out nearly all
the loanable balances in the street. We quote the
rate at 8, with the usual exceptions at s and Z.
Gold was lower this morning, on the news from
Charleston by way Of the Richmond papers. The
business done was very small, at l241S l245%.
The steamers took out $15l 900 this morning. Ex-
change was inactive at 1917, the merest fraction
above the price Of gold. rrs
Stocks have been exceedingly active, and the
speculative temper seems as strong as ever. Erie
recovered from the depression Of yesterday, and
was largely bought before the board this morning,
the same operators, in many instances buying at
lao III stock which they parted with as low a.
lI7I ll9 yesterday. The feeling in Erie COM
municated itself to the number Of persons who
waited to judge Of the days prospects before ope
rating, and the board opened with considerable
buoyancy. Cumberland rose "a, New York
Central fell u, Erie rose TX, the preferred
stock was without change; Harlem rose ss44,
and fell back 2H, closing l72H; Michigan
Central rose 2, Southern guaranteed fell ~
Illinois Central rose TX; Pittsburg was shade
lower-say u; Toledo fell n; Rock Island opened
nearly mp to last nights figures, but fell OF four
Per cent; Terre Haute preferred was l lover,
and the volume OF business was well distributed
over the list At the one p. M. call strength was
gained in tho market. Every decline brought in
new lot Of buyers, and prices were marked up ac
eordingly. Speculation has become more than
epidemic-it is domesticated with us, and the in
stances Of fortunes made in . short space Of tims
from trifing beginnings, have operated to draw an
immense crowd Of spectators away from their
own occupations into Wall street. How many
have the wisdom and self-denial to take their
profits and 60 is question not easy to settle,
though it is safe to predict that many Of them will
persevere until in imitation Of predecessors in all
speculations, they leave their bones to bleach
round the Stock Exchange.
There was no second session Of the board, and
no second public call Of stocks; but specua-
ton continued late on the street, and mostly at
higher prices. New York Central was done at 1873,
Harlem l7711ls. Reading at ll0H q. and the gene
raj feeling appeared to continue hopeful.
: The holders Of the second mortgage bonds of the
Chicago and Northwestern Railway Company arc
notified that on and after Monday, August "a, they
can, on surrender of their bonds at the Office Of
the company, receive certificates for 81 200 in the
preferred per cent stock Of this company. se-
cured by mortgage on its railroad for each Of said
bonds, and the coupons issued Herewith.
The Chicago and Alton dividends on the prefer
Sed and common stock win be paid on the 25th
instant, 70 all stockholders without distinction as
to registry, and holders Of certificates not regis.
tered with the United States Trust Company are
notified 70 exchange their old certificates for new
ones. e..t IS ol
The trade tables Of the port Of New York for the
month Of July were closed at the Custom House
to-day, and we present the following compare
five statementa.--