The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-09-17
FINANCIAL AND coMMEHc GAL.
wrps.spAY, Sept. 1916 P. N.

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"WEDNESDAY, Sept. 16-6 p M.
nonsv il offered everywhere OF six per cent, and
some Of the large houses decline to allow more than
Eve. The sub-Treasury disbursements are IN
srcasing the supply Of money in the street, and
some Of the banks are as anxious TO Ind boIro"-
<rs az they were reluctant TO accommodate them
sew days since. Commercial paper sells AT a .
per cent. Ear
Gold was variable to-day. 1t opened at ran u,
fell to l3l rallied to 1924 cold in the afternoon at
I32, "a, ~ and closed at i've p, M. at about 1921
Exchange was neglected. Bankers were not
anxious to name rate, and importers are all wait
ing for the fall of Charleston to buy.
The stock market was better to-day, and at one
time the inquiry was very active indeed. Al the
morning board Pacific Mail rose 8 per cent New
York Central "a, Erie 2, Erie preferred1H Har-
lem 9, Hudson River 5, Reading III, Southern old
az, guaranteed 2, Michigan Central IA Illinois
Central "a, Pittsbnrg a, Galena Rock Island
I, Tere Haute l. "a, Fsrt Wayne J. Chicago and
Alton q, Mississippi and Missouri ]. The only
thing which declined was Ohio and Mississippi cer-
ticates, Of which $40 900 were sold at 30 the last
reported sale being SO. Governments were steady.
The large advance in Hudson and Harlem is as
eribed to the increased receipts. The Hudson
traffic for August shows an increased OF twenty
Ave per cent. There was very little business
done in bonds, and no great inquiry
for them. At the close OF the call
the market was very strong, and remained so az
The one p. NJ. call. Some leading operators, who
have been on the bear side, are now understood 20
be moving for the rise, and not few among the
bears were frightened by the. strength OF the
market to-day and undertook to cover From all
that we can learn, the interest held by the leading
bull houses Is smaller than ii has been FOR some
time. At the second board the market took a
downward turn, mainly, as it seemed, in conse
quence OF sales to realize profits. The advance Of
per cent in Erie and in old Southern in twenty
four hours naturally tempted good many
holders to part with their property. Erie de-
elned ] "A from the best price of the morning
old Southern ~, Pittsbarg "a, Harlem l. 4. and
80 on throughout the list. AT the close Of the
call the market was dull and there was no dispo-
sition to operate. 1t IL evident from the volume
and the character OF the transactions that the
ket ia as yet what is technically called brokers'
marketn The public have not yet recovered their
equanimity and are still under the influence OF the
fright caused by the late panic. By and by, il the
receipts Of the railroads keep mp, and money con
tinues easy, fresh speculative movements will
doubtless be engineered; but at present the
ket bids fair to be irregular and spasmodc. each
decine OF a per cent being followed by
corresponding advance, and rice uersd. Al the
four p M. call Of the public board the market was
rather stcadier than at the regular board but was
very dull. The following werc the closing qnoia.
tons of the day. s slfH a
gsss, &c: 1905 Ioss Men Central. .iis 100
Cold isss = EIss 8 ssI quar- 100 90 vs.
f f.siss Man: sis r'. , ss 80, 49,
Z: :::! :;;; T.! j. i;: !: -: &:
Harlem. .1N a145ss IG{k
The business Of the sob-Treasury vas as follows
to-day
ksce,pss ,.., s.as sSs 90
raymonB, 1880 200 ~
Befane0... rs 2s& 1913 NJ
The earnings Of the Pittsburg, Fort Wayne and
Chicago Railroad for August were as follows:-
1868. .............. 500 sse
1892. ....,,, 277sso
Ipcresse... 6ls
The Northwestern Railway Company earned for
the first week in September
1858 So ,s66 30
sco'
The Tcrre Haute and Alton Railroad Company
earned for the first week Of September
Passengers ACKNOWLEDGEMENTS GOT
ffeght ..........,.......... .s........t.-, lb,ss
Mails, &c .....,,.. ..................... 624
Total. ....s.............t2pA 4s
ssame week or 1892. ~ 276
Increase, so per cent. 1910
no ~ fha Erie Rosl foy fhoy -,
Of August 1885, were Observation-Disclosures 7s sss
August, lso2..,..,... oi5vo2
Increase. se2 se7
The claim OF rebel piracy on the ocean TO be
treated as legazed privateerng is soon TO be test
ed in the French co,rts. preliminary decision
has already been rendered whereby the British
owners, HUH Co., of London, Of the bar silver
stolen by the privateefsinan Mafit from the ship
b. r. Hoxie, restrain the disposition OF this pro
perry by Marcaura Co., acting for the rebel firm
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