The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-07-06
FINANCIAL AND COMMERCE.
TUESDAY. July SIP, NJ.

TUESDAY. July 5-ePM
The prevailing stripgency 40 the money market tends
areatly 10 retsrd operations In stocks. When money
cannot be obtsinec, except al advance the legal
rate 81 interest, the share market becomes dull and
heavy, and transactions limited. Notwithstanding
this pul back better feeling was manifested to-day
than was exhibited at the close OF last week. and 1t
De aekno~ lodged all sides that before eatnr-
day monetary affairs viii more quiet ard
settled condition Compared With the quotations at the hrst
board on Friday asino having been held since
untn io-day-Nsw York Central advanced J. per cent
Erie Railway %, Reading IL Michigan Central Mich.
gan Southern IL, Chicago and Rock Island Chicago
and Northwestern u. Cumberland Coal ga, Mariposa
~, and ohio ard Mississippi certificates TX. Illinois
Central declined u and Cleveland and PittsburE 4.
The following we're the closing quotations: New York
Central l3aK, Erie l1bss Erie preferred 1854 Hudson
River 1856. Cleveland and Pissburg l124, Reading $780,
Illinois Central l32, Chicago and Northwestern 52As
Chicago ana Rock Island ll3x, Cleveland and Toledo
l40,s, Chicago ana Alton 90 Cumberland Coal eS Quick
silver Mining Ish, Canton Company son, and Ohio and
Mississippi certif Gates sax.
Government stocks improved but the amount Of bust
ness done IN them not large Tho nvetwensy cou
pops the quotations Of Saturday Ia per
cent, and the registered bonds TX and the year
tincates Ih better. The nve-twenty registered
bonds closed a, loa ard the coupons 1885, tho
thirty notes at l04x and the year cern
Gates at 96tz.
The acceptance by Mr. Fessenden OF the Once Of Secrs
tay OF the Treasury has done great deal towards resor
sug confidence and has aroused discrimination the
part the brokers to shake of the lehargy which
late pressed heavily the Before the end
OF the week expect Wall looking As cheer
full as and with advance In the prices Of stocks
return OF dealers 10 their accustomed localities strn.
gent money market viii douot proven; rapid rise
the elements for advance already IN
The business cbsnne and he boar party hardly known
T. exist Nothing required bat little activity
the part q obberst 10 make speculation again rampant
me transacti as IN gold to-day confined 10 few
GALES OF small parcels II opened in the morning 1885,
and as soon ms The published OF the
OF the rrbel pirate Alabama 1t 10 per cent
such freaks are beyond the comprehension Of tho
Oldest stock snd money dealers in Wall rtreet, when
asked for their opinion 10 regard 10 them they merely
sh'us thee shoulders and turn away. Il Is pretty
well ieted act however, that the market ia controlled
by spectators, wha permitted to build up their
Influence BY tue late Secretary OF the Treasury when he
had the 81 checking them After it was too late
be the immense power which these spectators
holding ho credit Of the nation and he tried pn
IL down but e doing he only made matters worse,
and IA his ampts rdiculed and laughed at.
the genera uion In that the OF the
Secretary M crnmand serioos attention and be
attended with beneficial resus. The market closed
at 2A0 a 2i2.
The following table shows the totals OF the statements
OF the associated banks OF this city the first Saturday
Of month during the present year. with those OF the
past two weeks