The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-09-19
FINANCIAL AND COMMERCIAL.

W MONDAY, Sept 1879 NJ
rne stock market was very dull and the speculative
feeling weak to-day At the open board at ten O'Clock
the volume of business Insignificant At the first
session OF the regular board there improvement
and New York Central closed 4 lower than at the same
time on Saturday, Erie Z, Michigan Southern a, Fort
Wayne u, Quicksilver y. Reading, Cleveland and Pitts
burg and Northwestern unchanged Government
securities were firm, Notwithstanding that dve-twenties
were quoted in London by the last steamer at % H.
Coupon lve-twenties, OF the old and new issues ad
yanced X seventhrty notes of the first series sold at
99x, third series esh. A
AT the open board at one O'Clock the market was
rather heavy At the second board it continued inactive,
and Fort Wayne closed u lower than at the first board,
Prairie du Chen 81 Quicksilver u. Reading was IN
changed There sale of Pacific Mail scrip at 100
Government securities quiet but steady. At tho
open board past three Erie closed al S7H Read
ing l07H, Michigan Southern 67H, Rock Island NIX,
Northwestern preferred Ok, Fort Wayne s7%, Prare
du Chen 51s, Ohio and Mississippi certificates Z7'a,
Cumberland Az, Quicksilver 471s hcGregor western
Railroad 1917, Central Coal Coo, Mineral HIN Mining
Company 81 s7h Afterwards, on the street. the mar
ket was without spirit and displayed sinking tendency
Petroleum stocks we're moderately strong at the FIRST
board Watson closed 81 higher than at the same time
IN Saturday Pithoe Creek 10c, Webster &C., Ham and
McClntock 50c Oil Creek &C., United States Soc AT the
second board the market was firm Phole Creek closed
a, ca on Allen Wright 90c Buchanan Farm 73c, Cherry
Run 2sc Excelsior 81 10, Empire City &c., OIL Creek
~ o. United States S27 TO- Tack s 81 40c, Buchanan
Farm 73c
Gold was steady at slight improvement The open
ing price 143 from which there was an advance Of
.. At four o'clock the market receded u, and closed
at 143M The bank statement for the week
shows an increase Of ss4s, 1886 in the specie
ba tod Tor Inv
ing that the government has been free
seller during the week. for there receipts from
California, and the payments on account of customs
duties aggregated nearly two millions and half The
market derived frmness from increased demand for
foreign exchange under which leading drawers advanced
their for bills sixty days TO 1898 T. Sales were
made however second hand, at 4 "a below these rates
The money market continues to exhibit great
under the limited demand from the Stock Exchange.
Call loans were made per cent, but the activity
OF the discount line is shown in the increase
Of 1880, $50 in the bank loans during the
week First class commercial paper is rated at Ia per
cent and the second grade a TO- The falling of in
deposits Of ST. s51 776 indicates the withdrawal of
rency the West and South and this dimnution oil the
loanabe resources the banks and increased monetary
activity are further Gated by the decrease Of 49, 1897
400 in legal tenders the increase of laos in the
circulation
The decline Of u per cent on fve-twenies in Lon
don recorded in the last European advices doubtless
attributable to false assertion in one of 'Reuters
kilograms the effect that the Of govern
ment loan 'had been officially confirmed" 1t will thore
FORE in view of the facts be well for Europe in future to
receive.Sr Reuters kilograms with considerable allow
for deficiencies on the score of truthfulness
The following figures compare the last weekly state
ment of the New York Associated Banks. with the re-