The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-10-03
FINANCIAL AND COMMERCIAL


,o.,,oes saee she number OF operators is
~ ,.laily srelled crdes from the country pour
-. INTO Wall street rapidly, and for than Two
vsa.s a has presented no parallel 70 me present
.ooulion or anairs the volume or transactions
- each OF Tho regular and open boards NJ
.p.sually large, while the Business done
m tse hover ball ~ the Stock Exchange building aepre-
mates nearly that OF all the sessions Of the
swo boards combined Erie continues 20 lead the ral-
vay share market while tho demand for the stock 10
uudlmnished and promises remain until the day
~ the election which 10 looked forward TO with much
interest cy both the contes,ing parties There
10 an almost general desire 70 = change
take place in management OF the road. and under
reconstruction the board Of direction much hoped
fer from by those OF the stockholders unconn ccted
With The present administration
Al the open board at ten o'clock market active
ara strong Erie lsaes 500 shares) sold mp 8sss
4 Michigan Southern (.ales 2500l s0]s. Fort Wayne
1e9sS, New York Central lis5s. Al the nrst regular
board there enormous business transacted Ere
solo al s71 IS salee $780, closing tx higher than at
ne same time yesterday. New York Central closed ~
higher, selling at 1leA 1is&; Reading Y, Michigan
southern " Illinois Central Cleveland and Tolsdo ~
Northwestern AZ Toledo Wabash and Western y, Ohio
and Mississippi certificates IL, Quicksilver *, Marposa
n, do preferred ~. Michigan Central was e lower,
Cleveland and ptisburg y. Rock Island y, Canton r.
Cumberland III, Western Union Telegraph !. State
shocks were firm but inactive, with the excep-
Hon Of Tennessee sxes of the new issue,
shsch advanced 4. Government securities
wore dull and heavy. Coupon nve-twsntes Of 1862
showed decline Of VI issue OF 1886, 81 thirty
notes Of the third SERIES y.
At The O'Clock sessions prices lower through
cut the list. Al The open board 1890 shares Of Enc
we're sold at s75s u. AT the ha,fpsst two board
che market reacted in the opposite direction. Erie
opened al $50, but declined the call TO
t7, closing q lower than at the nrst regular board
New York Central closed Il higher, Michigan Southern
n Illinois Central 4, Cleveland Pittsburg X, North
western preferred n, Ohio snd Mississippi certificates r.
&ie preferred was lower, Hudson u, Michigan Gen.
saa u, Rock Island Y, North Western u, Alton and
Rerye Haute a. Quicksilver y, Canton Ia, Marposa pre-
ssred II, Western Union Telegraph ~ State skies
wcre Arm. Tennessees Of the Issue experienced
Further advance OF a. Government securities were en-.
aiTeIy neglected, excepting ,rifng transactions in
seven thirty notes, which steady
A. the open board at three O'Clock the market
ayn. New York Central sold At 1Iet d. -, Erie s7H
preferred ss TO- 81, Reading 1l7x, Michigan Southern
oox Cleveland and Pitteburg e0ls, Illinois Central
lslx, Rock Island 1875, Northwestern 49,
preferred 1917, Fort wayne 106z, Chicago
md Great Eastern 81, Ohio and Mississippi
osTfcates 80 TO- aol, Quicksilver SAX G 81, Western
smer but rather quiet and At half past i've the follow
ing quotations current Erie being the most
strongly supported OF the railway shares:-New York
Cenirh llsZ lla, Erie s7i< Y, Hudson 1891,
Beading il7t x, Michigan Southern So. ~ Ceve-
znd and Pttsbure e0k, Rock Island ls7> "a, North
Weetorn Az al3-preferred 73h q, Fort Wayne
$685. lo7, Ohio and Mississippi certificates 80 u,
Canton 81 u, karposa preferred 30s 81, quicksilver
e4k ts Compound interest notes wereqnoted thus
vsne, 1894, 49, Vi July 11e4 a x, August 49,
y, October ll4}s Y, December liax y, May, 1855,
l11x Ia, August NIX ll2, sepiemhar IOgsz
Slea October 1907.
mo gold market developeda strong upward tendency
nis morning and price rapidly from 1917, .,
Ne opening 10 40, from which point IL reacted TO
D1sh Il afterwards recovered however 10 1851, but
- advance was not sustained, and the latest
eanaciions we're At l4sls. the price at
Ne time showing further reaction
nv tendency, she natural result OF the
spld advance. II is nevertheless generally expected
shst the premium will rule rather above than below
~ dnring the OF the month owing to the
aeGapd for customs duties and the general
assion Of our foreign exchanges In consequence
u the London market being st giutted, with
ovetwentiss held speculative account. there
= present prospect Of any further
siderable shipments OF these while there exists pos
bity Of tho Of portion OF those already sent
moro brisk borrowing demand for coin, and loans
Wsse made AT 5-64, s-l6 and and y per per diem
V~pectiveiy favor Of the lender, the hishes,
bsiDs The one current at the close Of delivery hours
Tho demand for foreign exchange checked by the
sssrcy OF FOR delivery and the advance the pre-
mum. The leading drawers were however, ind lsposed
y lower their rates, and los,. asked for
bals England sixty days, and l0oss
y for those Al short sight, Notwithstanding
ehs low Of interest prevailing there, the
Bank Of England rate having been reduced to AZ per
cent The temper Of the market for fve-twenteg in
london, however, tends to strengthen the market for
exchange here The latest quotations for British
American securities reported by the cable
- under