The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-08-13
FINANCIAL AND COMMERCIAL.

SATURDAY, Angus, 1a-6P.h
The speculative feeling the stock Exchange was
ianguid al the ,ard ,hs morning and the volume
of business consequently very light Erie closed q
lower than the second board yes;eriay, Cleveland
and Pltsburg -, New York Central y. Rock Island
y, Milwaukee aud Prairie du Chen u Quicksilver
was unchanged. There OF 100 shares of
Phenix Bank Stock Goa price shown, sharp do
cline since the discovery Of the de aica.ioa In
thai institution i03 having been bid for the the
end Of last week 95 only bid however, the end
Of July. The par valu OF tho shares twenty dollars
and the capital Of the bank is slso0ooo Its diyd nd
periods in January and Jliy, and lt has Tor lon
time paid live cent regularly. II also reported sur
plus of $265 600 al the beginning of year The dis
closures just made relative this bank aroused the
spprehensons Of tn stockholders OF other banks and
che directors have in soms cases been pressed with
qaires concerning similar possibilities in quarters under
their own supervision That bank presidents, direo-
tors and cashiers have been hab tualy negligent of
their duty the cases OF Windsor, of the Mercan-
tile Bank, and jenkins, OF the Phenix give
the public good infer for had the most ord
nary checks been employed extonei denq los
would have been impossible.
There was sudden break In Atlantic Mail Tho open
ing price 143-a OF eight per yes
erdsy morning--foliowed by u further decline on the
call to 14O. Afterwards it continued to reclde.
Government securities dull Coupon nvetwenties
steady at 100; Issue, 1O4N; ten-forties o.
Seven thirty notes OF the second ries shade
lower solling at 9szS NJ year certificates ok.
At tho open board at o'clock the mar
ket for railway shares frmer; but Atlantic
Mail 1876 " or per cent lower Subsequently II
sold down lis, from which point 1t quickly began
react This stock advanced unduly some months ago,
under speculative movement, and We warned our
readem at tho time that there sum lent substan
tial to warrant the advance Ono Of the
bull party sold and the result have
recorded Erie sold the call s6H, Reading LOG =,
Cleveland and Pittsburg 7O7s, Cleveland and Toledo
1924 Rock Island 1851 Northwestern preferred 62H,
Cumberland ts3 AK. Later the street. the market
closed steady.
Petroleum stocks wero unsettled at the first board
Webster the strongest the list and closed ats So
or 9sc higher than yesterdays board Pithoe
Creek sold at 81 Isl Bradley SO u.s. Excelsior 81 60;
High Gate, $50; Montana So 40; Oceanic, 81 SO; Oil
Creek, So 50; lack, 40c.; United States 500 Is; Blu
shanan. 6oc Cherry Run, zoe.
Money has Seen in moderate request at
pr cent Although currency il being widely dis
eibutsd at present for crop and other purposes,
10 hoard In the Treasury is sensiby diminishing
d about eleven millions will DO due the 18th inst.
Sntsross seventh rty notes. which will assist the
@pietion Of the Sub Treasury Golfers Money is circu
Stng very actively In consequence Of the diminished
apply at this CENTRE and loans shifted with unusual
abqosncy The discount line is unchanged First class
Rper quoted at 40 per cont with few exceptions
IL. The second grade passes at 10 H.
fThe gold market has been feyorsh- 1t opened weak
at141H, but after declining to 140X reacted TO 1<l,
al nIosed ut hvs p N. at 1AiN r.. The shipment OF
spScis aggregated $50 500 making for the week $s24-
Ola TIE highest and lowest prices Of gold since the
suspsnan Of specie payments follows, up the
end Of lily g..ts 5s ~.