The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-10-12
FINANCIAL AND COMMERCIAL.

WEDNESDAY, Oct ll-8P NJ
The stock market without spirit this morning,
owing TO tie large .oaizaons which took place Mon
day and Tuesday ana still lingering apprehensons in
the minds or lhat the prevailing moderate activity
in monetary channels might develop into stringency.
At the first board New York Central closed u lower
than the second board yesterday, Erie y, Reading IS
Michigan Southern u, Northwestern preferred X, Rock
Island IL, Fort Wayne u, Ohio and Mississippi cert
fcates y, Quicksilver y. Northwestern, common, was
unchanged. Prairie du Chen advanced u. Bank
stocks we're in demand. There some inquiry for
city railroad stocks and 90 bid and 90 asked
for Second Avenue, and 126 bid and l40 asked for
Sixth Avenue These stocks favorite investments
with the public and hence they seldom change hands
Government gold bearing securities continued firm.
Coupon ve-twenties higher, seventhirty notes
Of the third series a. There sale OF Pacific Mail
stock at 225, scrip 30.
At the open board at O'Clock the market
strong and Erie advanced TO 92K. 1t rumored on
the that large shipment Of the stock had been
made by the steamers sailing to-day but this proved on
inquiry 10 have been exaggerated About four thousand
shares transferred to-day for foreign account and
about 1--WE hundred shares from foreign to homo parties
The following gentlemen reelected directors Of the
company the annual meeting held the 10th inst -
Samuel Marsh Daniel Drew, John Arnot William b.
Skidmore, Cornelius Vanderbilt, Robert II. Berdeli
Dudley s. Gregory, Ralph Mead, Ambrose s Murray
William Evans J. c. Bancroft Davis H /. Pierson, d.
A Cushman, Alexander s. Owen, Thomas w. Gale Isaac
n. Phelps and J. +. D. Lanier
At the second regular board the market was hrm but
prices were in some instances fraction below the ex-
treme figures touched on Erie closed high
or than at the first board Reading III Michigan South
ern IN Northwestern preferred u, Prairie du Chen M
Fort Wayne " Ohio and Mississippi certificates ~ Cum
berland N. Rock Island lower. There was
strong demand for coupon fvetwenties for shipment
and tho old to 105-an advance Of since the
morning board The issue sold at 102a4-a advance
ofK Coupon skies of 1881 sold at 10San advance Of
u since yesterday. Ten-forties steady.
At the second open board the market strong
and prices fraction higher New York Central closed
1903 Ere OK, Reading lis, Michigan Southern 76'4,
Cleveland and Pitsburg s3A, Rock Island l1oS, North
western BIZ, preferred d. 81 66l, Fort Wayne o. 81
102k.
The gold market dull but it showed slightly up
ward tendency, the opening price being 144al and the
closing 145h. The supply for delivery continues
abundant, and loans made without interest The
steamer Ocean Queen, from Aspnwall brought
$780, IT'S in gold The European steamers took out
specie
There were no transactions Of importance in foreign
exchange and the market heavy. Bankers bills ut
sixty days sold at 1os% Il, but leading
ending the 10th inst show q currency value
Of $41el, 09e The chief articles Of export
corn, oats, -four and cotton, 1852 bales Of the
latter being included In the return This i'm
provement in the export trade, together with tho
shipment Of securities than neutrazes temporarily
the effect OF previous heavy imporatons and light
exports but the imports likely to continue far In OK
cess Of the latter an indefinite period For
tho time being however tho dulness OF exchange will
operate against any rise in the price Of gold The cond
ton Of affairs in Great Britain may not be without nfu
upon the foreign exchanges The advance In tho
discount rate Of the Bank Of England from per cent
ct which It fixed the Sd Of August to ~ per cent
the 29th ultimo, Is accepted in England the pre-
lude further ADVANCE the bank having lost f259
In specie during the previous week. considerable portion
Of which absorbed by the Irish banks Should the
Fenan excitement make further progress this absorption
OF specie win Increase, and in proportion 70 the
drain will DO the advance in the bank Of interest
and the nrmncss OF exchange Europe here But the
fact the bids for the Erie loan Of ESO0 900 having
aggregated e. 0,o00 shows that there is neither
pressure distrus at present. and Is hardly probable
that there will be- the bank rate being stil low. The
fact OF the amount OF business transacted in American
securities In London being Of 70 magnitude unprecc
dened since the outbreak OF the rebellion" fve-
twenties having sold up 1914 ia indicative Of NO lack
OF conndence.s
Petroleum stocks were dull at tho FIRST board, and
Webster closed &C. lower than at the time yester
day; Montana 10c, Oil Crock Soc, United States SC.
Shade River Sc higher, First National lc At the
second board United States closed at $40 49, $50.
lower; on Creek 81 81, 1sc. lower; Pithoe Creek
% 30. Bennshon Run sl2 so, Gcrmania &c., Heydrick
81, First Natioal SIC. Rynd Farm 81 OF.
The buying rates for compound interest notes were:-
December io2x, October 1884, August lo4s, July 1o4x
juno l05K.
the Treasury statement OF the receipts and expend
lures for the quarter ending June 80 1885, shows that
the latter the ratio Of eight millions per day. In
GLIDING payments OF interest the national debt
The business At the sub-Treasury today was as fol-
Iows:-
Iotai
fnymon0. l,oot,vzO
..oo oossoo
On account OF government loan. 247,00O
The following table shows the clesrings aud balances
at tho Clearing Horse In Chicago during the week end
ing October To-
Ciearings Balances