The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-10-08

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man probability be paid oEin fseS at par &, god
The German. Dutch or French buyer can borrow
on them from HIS own banks at O 4 per cent pcr
snnum. and thus make 2 per cent an
nuai gain IN interest; and In the course Of five ycaxs
the prospect is that be will sell the bonds bought
at 60 G6 for par. Such opportunities do not oc-
cur very frequently in generation, and it ia not
surprising thai they should be embraced by shrewd
operators. The opening price Of gold this morn
ing was LAG; it sold in the course OF the DAY A
low "a 1855 and "a high az 1T: IL closed al Eve
p. N. at 1857. Exchange was unsettled. the
price ranging from 1891 10 I6lZ for bankers
bills. The recent advance in bills has brought
good Deal Of exchange into the market from boudss
there are many people who cannot see why goa
should rise Is per ce0t--from l2s 70 Hy--without
any adverse news from The war
There is no change in tie money market to-day.
Brokers borrowing Of the regular lenders 10 ~
street or from each other generally pay 6 per
cent. Spectators who have stocks to be csnkeA
pay 7. and brokers in good credit, who have
money deposited with them by their CUSTOMERS
do not expect to allow over for it. The supply
OF money continues to increase. Notwithstanding
the large and very singular accumulation of moseg
in the Sub-Treasury. There is no change in rner-
camille paper or debt certificates.
The stock market to-day WAS healthy and tho
tone strong. Nearly every description Of se-
curity was higher. At the morning board tho
business done was larger than usual and the dsps-
sition TO buy quite general. though the movement
was irregular. Old Southern sold before the beard
at 90, at the board at 80. between the boards
at sS1<, at the second board at 8SZ, and closed
a. 86aX "a. Thesc0mmittce Of the board reported
this morning that the new issue was regular and
legal. and, so far o. that body is concerned, no
further action was necessary. leading opera
tor in the street still intends, we learn, to institute
some kind Of legal proceedings in the matter; bat
we presume that the controversy will now become
merely personal one. which will neither concern
the public nor affect the market value Of tho
property. Erie rose to ITO, afterwards dropping
back to lO9s+ New York Central rose l per cent,
and wss firm at the advance. Central 10 always
or the first stocks affected by the depreciation
OF the currency, as there many rich men in tho
interior who deem II quite as safe to put their
money in Central as in gold. Harlem dropped OF
per cent to-day and was soft ct the eA-
vance. Pacific Mail was very mercurial. AZ
the morning board it sold at 247 againse
237 yesterday afternoon; at the second board
it reacted to 240. The approaching electisa
may have something to do with these fluctuations.
Hudson, Reading, Michigan Central guaranteed.
Illinois Central and Toledo were firm at HsE
above yesterdays best prices. Pittsburg sold 9
los in the morning, and at LOT in tho afternooa.
The per cont dividend was declared. as expected,
this morning. We learn that the company shows
a handsome surplus Oh hand after payment of this
dividend, and there reason why the stock
should sell lower than other shares Of equal pro-
ductiveness--such as Hudson River or Toledo.
Galena sold as high as ll3 between the boards, but
drop aoff afterward. There was an advance Of
per cent in Marietta and Cincinnati second and
Of q. in the first preferred. This stock promises
to become active: the road is gaining from s.
to co per cent over last year. In September Il
took in $77,l12, against $46.452 in Sep
TENDER, 1862. Chicago and Alton common
stock rose 2 per cent and Northwestern 3, with
large sales. Governments were very firm indeed.
At the second board the market for Pittsburg,
Erie, Central aud the Western shares was very
strong indeed Harlem was soft, and Pa cifc Mail
also was lower. The business, however was quite
considerable and the tone buoyant. The public.
inquiry runs more upon the low priced than the
high priced stocks. There il apparently moro
margin for profit on such stocks a. Cumberland,
Canton. Marietta and Cincinnati, &C., &C., than o.
stocks which are already at high premium, ~. il
the event Of fresh outburst of speculation, II =
obvious that these cheap securities will move -
well a. stocks Of more established value. At tho
four p. NJ. call the market was tolerably steady.
The following were the closing quotations Of the
dav.