The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-08-06
FINANCIAL AND COMMERCIAL.

SATURDAY, August B-SP. H.
rne stoek market was feverish at the ar board tins
morning and under sales of weak holders 70 realise
prces declined slightly Ere closed lower than at the
sscond board yesterday. Reading ", Michigan
southern TX, Cleveland and P,ttsburg a. Fort
Wayne X. Northwestern was u higher. Government
securities were rather dull, but steady. Coupon ave-
twenties Of the new issue improved y, tenforties
YAK, coupon SKIES Of 1881 y. seven.thirty notes Of
the first and second series were arm at sex.
At the open board at one O'Clock there further
pressure 10 SELL attended by corresponding decline.
New York Central sold the call at 92k Erie sSK,
Reading l0ox. Michigan Southern esx, Cleveland and
Pittsburg oox, Rock Island 1884, Northwestern FIX,
preferred e2x, Cumberland AK. Afterwards on the
street there general improvement In railway secu
rites Governments also improved and nve-twenties
sold at 106K. FNe NE 8tkGa
The money market has been easy at per cent for
call loans and the apprehensions Of strngency have
nearly died out At the Same time the rate for money Is
not likely soon to fall below per cent, but
the present indications are in favor Of an increase
OF the supply Of oanabe funds At this point The dis
count line Is moderately active at 7alo cent for
Arst class commercial paper and 10 per cent for the
second grade.
There 10 nothing In the condition Of monetary affairs
10 any interruption to tho present course oil pecu
lation ON the Stock Exchange But some OF the late
bulls who sold out and who are anxious TO ouy ID
again Al lower figures endeavorng to depress the
MARKET and they still employ the bugbear OF nsn'
money market TO serve their purposes
Gold has been dull but steady. The opening price was
l43k followed by an TO 1857, and relapse 70
l4sK The closing quotation was 1881 lASx the
bull spectators exaggerate the amount Of sales by the
which are limited at the utmost TO the cur
rent receipts The export OF specie by todays steamers
has been SIS 800 of which the City Of London took out
$4,000 and the Teuona S., 800, making for the week
S2ll
Foreign exchange ia unchanged. Bankers sterling at
sixty days offered at 1osX 4. The weakness OF the
rates. the face Of prcpondcrance OF i'm
ports EXPORTS is owing entirely to the shipment OF
American securities for sale in the European market
But the export Of the latter WILL In all probability, recol
upon US before long, for the export Of securities liable
10 be followed by their return in which case we should
be exposed to the contingency of panic, which
would advance the price OF gold indefinitely and
disturb all the channels OF trade and that they
may DO suddenly returned eventually is incontroverble
This contingency, however will not and should not dis
Curb the price OF securities in our own market, for
although Wall street provebiay discounts tho future,
the future Of Wall street very limited, speculation
being Influenced by the hopes and fcars Of spectators
possessing hardly than the average Of popular In
telligence which is unfortunately by no means high
The New York imports OF dry goods Tor tue week COM
pare a. follows with former returns:-
For tie week. 1853. 1854. 1896.
Entered At the port o275 2301, 1888 5000 4s
Thrown MARKET. 1901, l67 oN S,46S, 773
Entered al the port $50 se2 200 6542a,5e7 ss4s7l1
Thrown on market. s2o4l,s35 4s,5oS,sol 3s,5so4sl
The total imports at New York for the week compare
q follows with former returns:-
Well ending 1Sgs:.a Js, y Js.y q ~, s a.
DRY gG1s s