The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-08-12
FINANCIAL AMI COMMERCIAL.

FRIDAY August 1l-6 p
The stock market without animation at the FIRST
board this morning, and prices were than the
second board yesterday New York Cen,rai showed a
decline OF u, Erie 70, Reading q Michigan Southern
Cleveland and Pittsburg Ia, Northwestern u, Fort
Wayne u, Cumberland q. Government securities were
steady but quiet Coupon hve-lwenties advanced u
coupon SKIES of 1881 sold at lG6z ten .ior,es, OH
thirty notes. second aud third SERIES 99i. 90
one year certificates 99n.
AT the open board at o'clock, the market was
strong, with improving tendency At the second
regular board New York Central closed u higher than
at the first board Erie 4, Cleveland and Pittsburg
Reading 4 lower Illinois Central u, Quicksilver "
At the open board at hal past three the market was
firm, Erie excepted, which closed s6H decline Of a
New York Central sold 92,s Is. 81, Reading, 1852
Michigan Southern, $50 Rock Island, iosH Cleveland
and Pittsburg 1917 Northwestern 2sa preferred 62ss
Milwaukee and Prairie du Chen, 39x, Atlantic Steam
ship Co, las; Quicksilver, 56X
The market for petroleum stocks was depressed this
morning, Webster excepted, which was &C. higher than
at the first board yesterday Buchanan Farm showed
decline OF Sc OIL Creek, 35c. Oceanic l0c AT the sec
ond board the market druer aud prices improved
Webster sold the call at 81 90 So 81; Buchanan,
COO. EXCELSIOR 81 90; Oil Creek So 70; Heydrick eOc
The money market has been moderately active at
incipient slrngency than for days past. The re-
port from Washington that the necessities Of the gov
eminent will be likely to compel The forther sale Of
large portion of the gold II has hand tends to IN
the dstrust OF lenders while II exerts similar
influence upon the gold market which has become sen
sive 10 sales Of the Treasury the absence OF any
important demand for export Reports c.rreut IN
che afternoon that loans per cent 10 coin tad
been made The discount line was arm ana there was
general disposition to lend under 40 per cent on
first class commercial paper, and l2 On the second
grade,
The yielding tendency OF the geld n,arke, which mani.
tested Itself yesterday underwent further development
to-day Tue sales Of the Sub.TreasUry regular
averaging nearly the whole OF the receipts for customs
duties thus adding the load the gold 'bulls have TO
carry So soon as the Treasury sales terminate how
ever the market will The opening quotation
f4lk, followed by a decline to l+05s The market then
began recover and after rising to 1tlI at twenty
minutes past two p NJ, closed al al 4 W haifpast
four O'Clock
The foreign exchange market firm up to
O'Clock but it afterwards weakened Bankers sterling,
sixty days which sold at l0s7s 100 in the moraing,
declined fraction with the reaction Ia gold. Mercan-
tile bills sold as high as l0SH
IL reported in Wall that the Secretary OF the
Treasury has expressed writing his intention Of re-
This Of itself matter of any particular importance,
the Secretary of the Treasury has balances
his credit this city of sufficient magnitude TO affect the
money market, outside of the Sub Treasury. The
government being longer borrower, Is oct Of the
money market to great extent, but is nevertheless,
peed OF funds
Most Of the s'bulls' the Stock Exchange entertain
naapprehcnsons Of stringent money Market but the
sd few alarmed at the prospect Of further sales of
gold by the Sub Treasury and not knowing the end
disposed sell out and the bears go With them and sell
ssAort.
Attention is being directed to the dcfalcation Of the
aotisg paying teller of the Phenx Bank consequence
Of the Of Of the bookkeepcrs Of the
tuition vino is supposed TO have acted in collision with
the former. The facilities for embezzlement appear
TO be so great in city banks that
suspicion is very naturally aroused with
gard 10 the cashiers and tellers Of other banks,
and probably if the Of all Of these made up
10 date astounding disclosures would bS--ssre
suit There sufficient checks upon these officers
TO prevent dishonesty they are disposed TO b., dis.
honest and 'the flesh is weak" Is difficult to
how many defauliers; but have had two notable
instances within O. very short time. Bank Presidents
will therefore do we'll to give personal supervision
to the Affairs Of the institutions which they preside
and protect their regulations and the interests OF
their depositors.
bill in equity has been fled by Messrs Fisk Hatch.
X L. Cutting vermilye Co., Henry Clews q Co,
Clark, Dodge Co., and II. +. Morgan Co, complain
ing that Notwithstanding the recent decision OF Judge
Nelson Of the United States Circuit Court the
and collector Of their district insist upon their returning
the their Of stock made for themselves
to enforce the cocconsr the thereon
Tho following figures show the resources and Liabilities
OF the banks OF the State OF New York exhibited by
their reports the superintendent OF the Bank Depart
ment the oath OF June last -
RESOURCES.
Ioang and dividends ACKNOWLEDGEMENTS. 8S7 SB6 525