The New York herald., 1863-08-15
FINANCIAL AND CONNER clAL.
FRIDAY, August l4-s P. NJ.

/ FRIDAY, August Id i. Nj.
| There is no change in the money market. Every
| one is abundantly supplied at six per cent, and
lenders who 60 in quest Of borrowers are Obliged
to be satisfied with five. For money left with the
brokers by customers not over four per cent is
allowed. It is understood that the Sub Treasury
balance which has been reduced nearly nine mil.
lions within week-wi shortly undergo still
1 further depletion, as most Of the money for the
| payment Of the army will come out Of it. Within
| q fortnight we understand that the Comptroller
| Of the Currency will begin to furnish circulating
nstes to the banks organized under Chases act;
And we learn that the applications FOR the new
currency are so numerous and large that all the
printing presses engaged will be unable to supply
the demand before New Year. The effect of this
new paper issue will soon begin to be felt in busi-
ness circles.
Gold fell OF to-day It opened at 1857, fell
early in the afternoon to 1851, and closed at five
o'clock P. NJ. at about l25Z Exchange was al
most unsaeable; first class bankers bills were
quoted at l3s 1897; but we heard Of very good
bills indeed selling at 1871. The news from
Charleston is telling on the market. aat
There was marked recovery in the stock mar
ket to-day. People are beginning to see through
the smart ictions which have been invented and
circulated in reference TO the railroad war; operat-
ors who were frightened out of their stocks are
taking them back, and some Of the more shrewd
among the short sellers are covering their con-
tracts. The spectators who, doubtless for the
purest Of purposes, have been coming into the
street for the past day or two. with long tales Of
"dcclining business" and ''ruinous competition
were not TO be seen to-day; they have proba-
bly, discovered that, IL Wall streets a good place
to make money in, II is also place where money
can be lost. At the first board to-day New York
Central rose TX, Erie 1 Erie preferred |. Reading
| n, Cleveland and Pittsburg 2, Gaena 8, Rock
Island 2, Fort Wayne ~, Toledo Il, Northwest.
ern IL, Terre Haute l., &C., &C.. &C. The chief
excitement however, was, as yesterday, on South
ern old which sold at 1887 against I02 last even
ing. The shorts in this property are suffering
almost as severely as they did In Harlem and Hud-
son. The guaranteed stock sympsthized to-day,
and sold at an advance Of 8 per cent. There was
not much business in governments or State stocks,
and no change in quotations. At the close of the
board the market was all strong, and at the one
| p. NJ. call further advance In prices was
realized. Central sold at 1873, against 1241.
last evening, and 1891 yesterday morning.
The Western shares were all in active demand
1 nv - P'i SShs hBuVi Ptiocs thAu tuosc VI
the printed list. Erie. however, which had sold at
1851, against 1887 last evening. reacted u q X
per cent. At the second board there was good
market, and Pacific Mail, Reading, Toledo, qua
rantced and Fort Wayne were better, the other
railway shares being either steady or x lower
than at the one r. NJ. call. Fort Wayne rose lIs
per cent. The silly operators who sold this stock
short on the reduction of fares are likely TO suffer
pretty severely. Tho Fort Wayne stockholders
regard the reduction Of fare merely as an adver-
tsement to attract to their road travel which was
frightened away from Il BY the rebel raid, and can
not sec why their stock should not sell as high as
| Michigan Southern. Southern old reacted 4 per
cent at the second board. After the second board
the market reacted, and some OF tho short, took
advantage Of the reaction 70 hammer prices Erie
was down rs low as loiI<. Southern old lo7, &c.
The following were the closing prices or the dav.
| Usss, ,rcv ioiH aio4I Harlem. ..i4s srag,x
/ rfs s,s ron. n HaflAn urnF "a zoo