The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-08-05
FINANCIAL AND CONNER IAL.
FRIDAY, August 4-oP. M.

Hudson River a. Michigan Southern u, Cleveland and
Pittsburg l. Quicksilver I. Erie was I lower, Reading
IN Illinois Central H. Government securities were
stronger Coupon skies Of 1881 improved ". Coupon
hvetwenties steady at 1867 1861, tenforties
OF sevenhrty notes of the second series sold at ss
third series 90.
At the open board at one O'Clock, the market was
shade lower Afterwards the street. IL advanced, an,
at the second board II firm Erie closed 11 higher
than at the first board, Michigan Southern u, nlinoi
Central a, Cleveland and Pittsburg u, Northwestern
u, Ohio and Mississippi certificates r. New York Con
trail was u lower, Reading u, Fort Wayne ~ Quick
silver n Government securities we're strong. Coupon
hve-twenties advanced u, new issue 4, sevent thirty
notes OF the second series q.
AT the open board at halfpast three the market wal
dull New York Central sold at 93x, Erie COX, Mich
gan Southern o71I Reading 1o7x, Cleveland and Pitts
burg II, Northwestern 2SH, preferred 63x. Later, on
the street. prices receded fraction and Eric touched 90
The money market has been easy to-day at seven per
cent, and there have been complaints Of difficulty In
borrowing at this rate The revived confidence IN tho
future Of monetary affairs does much to remove the re-
stricons which dsrust imposes upon the free crcua-
ton Of capital and there occasion for dsrust
there why the normal condition OF the loan
market should disturbed There not much activity
in the discount line. First class commercial paper
passes at Tao per cent, and IL for the second
grade
The gold market opened steady at 144H but subse
queny declined 1885, under reported sales OF coin by
the Sub-Trcasury. 1t afterwards improved fraction,
and closed at 14sH a. Considerable s'short" sales
were made the theory that Treasury sales will exert
depressing effect upon tho premium for the time being;
but this tho aim OF the Secretary Of the Treasury
In selling the current gold receipts He probably wishes
get much currency for his surplus coin possible
for the sake of applying the same to current uses The
policy is however, very questionable; for in the first
place. is unauthorized under present circumstances by
Congr S. and in the second there sound economic
reasons for supposing to be injud:cious measure
even /. II authorized.
Foreign exchange continues dull but rates are nrmer.
Bankers bills sixty days quoted at 1885, and mer
camille bills at l0SH a r.
The market for railway shares shows an improved
tendency and the most active stocks at present
Cleveland and Ptsburg, Northwestern and Reading.
The passing" Oft dividend by the directors Of the
former road is regarded the street re and hence
the advance in the stock since the announcement was
made OF the result Of the meeting of the I'd inst That
the Erie Company should have declared dividend which
only DO paid with borrowed money, and that the
Pittsburg Company should have passed which they
could have paid from funds in hand is OF the
allies and eccentricities of American railway manage
ment The probability Is that stock jobbing
motives guided the action Of the managers OF both
these roads. Erie has declined in the face Of
four cent dividend and Ptburg has advanced two
three per since the announcement made that
dividend would be paid.
The progress Of the national debt since the end Of June
1884, will be seen by the annexed totals of the Official
statements for tho respective dates appended c|
1854 TacL 1865 Total
June 49, 81, TAO $50 March 81 50 900 955e77
July o.. lsoS, 52s S64 May 3D.. 2sss 2oS 5s3
Sept Co.. l,956,s7s7o
Oct I...... 2,0l7,O99,5l5
The total amount Of exports from this port, ex-
elusive Of Specie for the week ending August l,
$l,7sl,oT.
Tne business at the Sub Treasury to-day was a. fol-
Receipts for customs. Observation-Disclosures. $511 900
Total receipts. 6,9o2 I2O
Payments ......................... oI,OoI
Subscriptions to government loan ......... $4,000
The Richmond Republic has the following In regard
70 the Investments Of the banks Of Virginia during tho
war;
We present below statistics relative to State
banks and their stocks. The information is Official
being obtained from the Office Of the State Treasurer
che war; sold her State bonds at rates below par aud
bought Confederate bonds above The Bank OF Com.
merco Fredericksburg invested SIS ooo the Farmers
Bank Of Fincasle, $40 900 and the Bank Of Richmond
e2S0 in Confederate bonds We call attention to the
list which we have below
Bank OF Berkeley, Marnsburg. .............. $4,000
Central Bank OF Virginia, s,aunton. $1,000
Bank of Commerce, Fredericksburg Confederate
BANK q the Commonwealth Richmond jali Con.
Fairmont Bank, Falrmont. ACKNOWLEDGEMENTS. 5000
crate bonds $40 ooO) NEUTRALITY-SUSPICIOUS.. 10000 |
Bsss e asnassa
Manufacturers and Farmers Bank Of Wheeling,
MoniccIlo Bank, charlottesville. 29,56o
Merchants Bank Of Virginia, Lynchburg. 42s,6o2
Bank of the Old Dominion, Alexandria. s74 600
Bank - Of Rsbnond, pRclmond iccnrcdernc 80
bonds. s2S OOOl .................. $4,000
Bank Of Rockbridgc Lexington. ........... 1880
Bank of Rockingham, Harrisonburg. 251,770
Bank of Scottsvilic, scottsvie. $3.50
Southwestern Bank OF Virginia Wythcve. 1853 400
Trims. Allegheny Bank Pearlsburg. .....s.... 400
Bank of Weston, Weston. ACKNOWLEDGEMENTS. 1905
Bank OF Wheeling, wheeling. .......-....... 700
Bank OF Winchester, Winchester. 500
Total. s., $50 231
Tho Boston Traveller Of the Sd says:--
Tho money market Is not 30 freely supplied with
capital but the facilities OF borrowers only slightly
curtaed and good collateral loans call are readily
obtained at elk per cent although II is rather difficult to
Mercantile notes pass at IA TO per cent The demand
Tor stocks Is rather small
The Banker Mogasine for August contains the follow
ing table or the number Of the national banks established
up 22d July last at each OF the cities appointed in tue
Last National Banking act centres for tho redemption
Place Banks CAPITAL Avrdoe Pop.1seo
New York. ........53 $7oOoo0o0 81 100000 e05o5l
pSsion iSa5SSSS ssaooS 5sa Sas
Baltimore, Md......12 s323,ooo 6e4,o00 2I241s
Pittsburg, Pa. ......16 1900 600 475,000 49,2N
Chicago IN. ......I8 4S25 900 37I,0OO 100 200
Cincinnati, o.. 3700,O00 10000 1904
Albany. NJ Y..... 8 100000 $4,000 62,a67
St Louis ho...... 2,5Ss,0oo $4,000 leo,773
Cleveland o. 21500O0 100000 43,l17
washington, d. G.. 8 l,275,ooo $4,000 G1,l22
Louisville ky...... go 600 81 200 esoSS
Milwaukee, WIS., 10000 $4,000 45,218
New Orleans, Ia. / 100000 100000 les,e75
Richmond. Va..3 100000 100000 1870
Leavenworth, Kan. 2OO,OOO lOOVW lay