The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-07-19
FINANCIAL AND CONNER GAL.
TUESDAY, July lS-0P. n.


lower than at the second board yesterday Erie ~
Hudson river n, Reading y, Michigan Southern r.
Cleveland and Pttsburg y, Northwestern Rock Island
x Fort Wayne IL, Ohio and Mississippi certificates "
Quicksilver u. Government securities manifested a
downward tendency Coupon ive-twenties
lower new issue H. One year certificates of the new
issue sold at 9sk. At the open board at o'clock
only fractional variations from the board
prices. At the second regular board the market
dull and barely steady Erie closed u higher than
the morning session. New York Central was I'M
changed. Reading was e lower, Michigan Southern
u, Cleveland and Pittsburg IN, Northwestern u,
Rock Island x, Fort Wayne u, Cumberland u
Government securities heavy. Coupon five
twenties OF the old issue declined u, but the
new issue steady One year certificates Of
the issue sold at 9S, decline of a. At the open
board at halfpast three the market dull but steady
New York Central closed at 93a, Erie 81 Hudson River
107k. Reading 99X, Michigan Southern 62ys, Illinois
Central 1884 Cleveland Pittsburg 66%, Rock Island
1854 Atlantic Steamship Company 1853, Cumberland
40A, Quicksilver 55A
The prevailing fear If active money market IS
inducing to realize lettering operators from
venturng upon fresh purchases There Is more hesi'
taton obser, able the part OF lenders to
make loans weeks rates and per cent has
been paid in many upon railway colaterals,
although more general is per cent and the
supply of capital is still in OF the demand The
apprehensons of stringency are not warranted
by the condition of affairs, although the de-
mand will, in all probability, be moro active in
proportion to the supply for some little time to
come than it has been OF late. The balance
OF the thirty loan is likely will be absorbed by
tho agents of Mr. Jay Cooke within the next ten days,
but this will occasion. any disturbance in monetary
channels at the financial centres II stated yester
that only about millions of the notes
to be disposed Of in which large amount say about
thirty millions have been dsburscd in payment Of
army officers and others, and this supposition is
strengthened by the number Of the former offering the
notes for sale at the brokers' offices in Wall street
A contemporary writer challenges statement with
regard the three hundred and twenty millions of
QUESTIONS upon the Secretary OF the Treasury for army
pay and absurdy enough argues upon the basis OF an
army of hundred thousand apparently forgetting
TINT the army very recently much larger The re-
QUESTIONS in question we believe have,
by this time, been made upon the Treasury.
The writer referred ignorant enough to suppose that
we spoke OF issue" OF unpaid requstons whereas
we pointed only the probability Of large issue of
tcates of Indebtedness alluson to the accumua-
ton of unpaid acquisitions forced loan being sepa
rate and Incidental The words ''and forced loan"
should have read cor forced loan" The Secretary Of
the Treasury true has authority from Congress
to make SUCH but it possibly be resored to in pre-
ference tho indefinite increase Of certificates Of in
debtedncss
The discount line dull but rates tend towards greater
hrmness. First class commercial paper passes at OK
per cent, and that Of the next Grade at sac.
The gold market Is strong bat inactive and the supply
of cash is less attendant Loans made fat in the
morning. but commanded 80 the afternoon. The
opening price l43 which ii al, anccd steadily
TO 1431 1431s, at which il stood at half pas. Ave-
The demand for foreign exchange has been light and
the market conscqu ny dull. Prime bankers bills
sold low 1oS the street. but the general
rate asked by leading 100 al sixty days
Mercantile bills quoted at 1919 I0s.
The aggregate value of the exports exclusive of specie
from this port for the week ending July IL was
81, 757.
lows
noea rec 400
Payments I'LL aV1
Subscr piions to government loan. 81 900
The Boston Traveller of the 18th thus refers TO
larry Affairs
Tho money market is not essentially changed although
little frmer to day than II was last week on account OF
The large subscriptions to the popular loan and the pros
poet Of its being all taken within two or throc weeks
The demand for leans the st collateral security Is
active and the lowest Of Interest at the banks
a six per cent call, but in the street Few choice
transact have be made nj Ave, strictly demand
Discounts OF FIRST class paper made this forenoon in
the open market and haf and eight per cent
The stock dcaln without any important changes.
Tho demand dividend paying shares and bonds just
about large enough absorb the floating lots that put
on tho market
The Detroi, and Milwaukee Railroad earned for the
second week in July
1850 zoo
The August interest the first mortgage bonds OF the
Hudson River Railroad will be paid at the Trcasurer's
office the LIST Of August.
The following shows the condition OF the leading items
OF the Philadelphia banks for the past and previous
week
Loans ...................e5 ESQ iss,77s 5o,22i, SOS
Specie. ACKNOWLEDGEMENTS. 1,1S7700 Ils29il
Legal tenders. .............. ls6Oisl3 lsSOo DIV
Deposits. .................... 4,s4,0s2 43,e66oa7
Circulation. 6,75s,5S5 1851, 93S
The Grea' Western Railway of Canada earned ring
the week ending July Ia SOL 57s which is increase
the receipts for the time last of s62o3
Stock Exchange.
TrispsY July 1s-lo;3oA.
$4,000 Uses, '6s, reg III 100 shs Er RE- .s0 s0l
10000 Us 6s, s 20 co1 1861 200 Hudson Riv RR los
i iSSSS 1000 ..ss: mn 10 isa
1000 do -. -. 1o4I 100 do. ..:.... 1904
s sSSS Is GSS 4 200 Mich SSsds R
10000 US6 y, 1yccrni 9s1 200 do......s sis G3L
1000 3rookln Park So 100 do. ...2icall C3L
10000 Tcnnessee6 s. III 700 do......... 81
1000 vir, mia 6s... 90 100 Mich Cont RR. =. l07
1000 Missouri os... ~ 200 do 2dc. 80 106'i
5000 do ... II 900 do. 1O6H
1000 California 7's. ia IL dO......... 100
$4,000 & Miss ccrtif rs 10 Panama RR..... go
10000 do. ....... FAX 200 III Cent RR. .si0 i23
10000 do .sl0 24K 100 DO. ...... 123
1000 Cen SIS SO % 200 DID,. 122h
5000 Erie LIST mort. 102H 100 Clcv&pitt RR $50 81
1000 Erie I'd mort. 100 400 do........ 611
1000 Erie 4th mort. e4L 600 do........ 6i3s
1000 III Cen BIDS. 90. ia 300 do......... 6IH
1000 Chi a NV 1stm 50 300 do.... ..sl0 Ga
1000 Chi n Alt 1stm ~ 400 do. I'd call GA
1000 Tol &Wab1mex ~ i0Clev Col TIN RR l3j
200 shs Canton Co.,. 80 400 Chi * W RR.. z,
10 Del 4 Hud Canal las 100 do. ..s3o 2sA
rs Penn Coal Co. %. $50 100 do. $50 2Dx
100 Genital Coal Co.. so 100 do. 81 call 28N
loo Cumb Coal pref. ~ 90 Chi NV RR ri 6lh
100 do........ ak 1900 do........ 6lA
100 do. I'd cali Az 100 do......s30 81
100 QucksivefMg Co 80 200 do......sl5 81
700 do ....... 5SL 80 do. ........ 90