The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-07-23
FINANCIAL AND COMMERCE.


FINANCIAL AND CONNER GAL.
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SATURDAY, July 22SP.M
rhe stock market showed dull rsactionary tendency
81 the nnt board this morning but prices slow to
yield. NEW York Central closed u lower than at the
second board yesterday, Erie r. Michigan Southern
", Illinois Central u. Northwestern, X, Fort
Wayne y, Ohio and Mississippi certificates y. Reading
was higher, Rock Island y, Cumberland r. Gov
securities submitted 10 further decline under
pressure TO sell by q recent speculative purchaser
Coupon ave-twentics receded ~ new issue y, coupon
Sizes Of 1881 X
Al the open board at hafpart there fractional
Improvement IN prices Erie closed at sax, Reading
lo2,s. Michigan Southern esx, Illinois Central 1851,
Cleveland and Pisbnrg g. Northwestern ~, Fort Wayne
N4 ssA Ohio and Mississippi certificates % Cumbcr-
land M, Quicksilver SIN, Canton 90 Afterwards ON
ths scs the market steady and at four o'clock the
fsllewins quotations were current:-Enc s2x, New
rerk Central st,s Reading 1926 Hudson River losh'
Mcnlgan southern esk, Illinois Central l2sx, Rock
rslsnd ioTx Cleveland and Pittsburg s. Fort Wayne
ss9. Northwestern a, Ohio and Mississippi certi-
so@sss Is. Cumberland 4lh, Quicksilver S7's, At
iantc Mail lea Governments were nrmer hvetwenties
beng quoted ~ fo<x losS
rhs Supply of money has been equal to the wants OF
borrewer and there have been few transactions at
hiyhsr than per cent for call loans There has
besn little discounts and the best grade OF com
msrAl paper pas. Al seven per cent, and the next a.
fkai0
TIE suia market shows great Hrmness, noiwithstand
ns ths temporary lnnscnces Of depressing character
whsch sarrosud a. The opening price was A2k, fol-
iswea ~ an advance 10 ls27s. and relapse 10 1874
amer which "a improved, and closed at iA2s l42K.
Casa gold abundant, and loans were consequently
made aai
ne export Of specie segregated ss2 IFS. OF which the
saxoaa took cut So CSC and the City Of Baltimore
esq sss making for the week siS2,ii5
Forcrn exchange has been duh Bankers bills at
xy days wers quoted AT 1854 100. and 1929 at three
days
The course which the Treasury Department may
pursue for raising money pending the meeting OF
Congresa the o. the year engaging attention In
Wall street It's necessities sdmtsdtc be very great
ana urgess although the FUN extent Of the acquisitions
upan are no, acknowledged and y, Is evidently the
policy ~ the government keep ~ financial position
much a secrcl a. possible, under the mistaken
iass that is financial prospects viii be i'm
p~vsea thereby. Hence have had no state
ment of the publ debt since the end OF May.
wAshington correspond make rash and unreliable
corrections a. authentic statements respecting the con
disen of the rFeasnry upon better authority than
semi ocia whisPerings uttered for tho most part In
psFverson Of the truth One correspondent says that
she unpaid requizitions 80 " thoaght do not exceed
two handrcd millions, another estimates them roughly
81 handred aad seventy ave millions and third says
thai "a hundred and afty millions viii probably paw all
thai IA due 10 ne soldiers mustered out and 10
tho-s who remained In The services 10 the shove
named date" July ~ even this amosns is
scksewicdgcd By the Treasury Department. who
can say that tbs statement Of The actual aggregate
h.nw ao.hi. fhi. .un 4. raf corrcrfy pnt these I'M