The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-07-12
FINANCIAL AND COMMERCIAL.

FINANCIAL AND COMMERCIAL.
TUESDAY, July 1l-sPA
There was q further weakening Of the stock market
nj the rst board this msrning combined with consider
able activity New York Central was IL lower Erie
~ Reading TX, Michigan Southern " Illinois Central
q Cleveland and Pittsburg 2, Northwestern l, Rock
Island Y. Fort Wayne l, Quicksilver T. Cumberland
WAS steady Government securities unchanged.
Coupon avo-twentes sold at 1854. ten-forties S7H.
Al the open board at one O'Clock the market was
frmsr and prices advanced Y q ~. At the second
regular board the Improvement continued. New York
Central higher than at the first board, Erie az,
Reading AZ Michigan Southern l Illinois Central u,
Cleveland and Pittsburg az, Northwestern ~, Rock
Island az. Fort Wayne Cumberland ~, Quicksilver
X, Ohio and Mississippi certificates r. Government Sc
curities were steady toN
The stock market shows that quick recuperave power
symp.omatic Of preponderance Of speculation for
sise and the prevailing in monetary channels gives
strong support the bulls Occasional relapses, like
shat OF yesterday afternoon and this morning, WILL how
ever be frequent until the Market after further RISE
steadies for fall Call loans made freely at five per
first class railway coaterals, and four on gov
ernments with exceptional transactions in miscellaneous
securities at six The discount limo Is quiet at as Tor
che best grade Of commercial paper few transactions
on prime names being made at 6K The plehoric cond
tion Of the money market stimulating subscriptions 70
the seven-ihirty loan and Messs Fisk Hatch Henry
CLOVIS Co., vermiiye Co., and the First NafaonaA
Bank report large increase Of sales In this CITY
Gold has been dull but steady Neither the bulls nor
tho bears appear disposed for active operations and
hence the volume of business being light, the uctua-
lions are unimportan the less speculation there Is
in the market the steader It is likely to become Both
the bulls and bears are equally INSCRIPTIONS and while
the former would rush the premium up indefinitely the
latter would be content with nothing short OF par But
they are held in check by the legitimate supply and de-
and and their operations Of less consequence than
is generally supposed The opening price 140 after
which declined to 1885, and then recovered to 14o
Foreign exchange has been firm but dull. There are
very few mercantile bills Offering, owing to the light ex
ports Bankers sterling at sixty days is quoted at
109X, and 1929 u at short sight
Colsman's circular, dated San Francisco, June TO-
The money market has presented no new feature
worthy Of special mention. considerable degree OF
activity prevails deposits In bank are large, and at
tho same time full discount line is maintained Capital
ID very abundant and continues to flow In upon US from
abroad. This accumulation OF money, however mas not
materially affected the rates OF interest," which still re-
main cent per month upon prime securities ana
large volume Of money seems to be absorbed all the
time the various enterprises successfully under way
in this city and throughout the interior. further
addition to banking capital Is anticipated at an
early day from the establishment of the London and San
Francisco Banking Company in this city, und the
management of MI N. S. Latham, gentleman of well
known intelligence and high standing who is associated
in this enterprise with some Of the leading capitalists IN
Europe The mining share market has been character
ICED by unusual activity this week. and nearly every
stock on the list largely dealt in at enhanced rates
Recent developments in number Of claims are regarded
with much favor and confidence seems to be felt
the future producvencss OF others whose reputation
was partially eclipsed short time since.
The total value of the exports exclusive Of SPECIE from
tho port OF Now York during the week ending July IL
was 81, 0ea, 53s.
The Pacific Railroad is extending eastward from the
shores of the great from which receives its
as fast enterprise energy money and the combined
labor of two thousand Eve hundred able bodied can
force It, The road bed is being constructed through
the mountains Of Placer county, California, and the
locomotive has already reached point forty three miles
from Sacramento which is thousand eight hundred
feet above the BY September the rails will be
laid to Illnoistown
The Metropolitan Insurance Company have declared an
interest dividend Of Ave per cent their old capital
and interest from May 25 the Their capital has
been Increased from $500, 900 to 81, 000, O00
The business at the SubTreasury to-day was as fol-