The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-10-13
AND CONNER cIAL.
FRIDAY, Oct 1876 p. J

fabrication appeared His explanation Oh the matter u
reported that he received the telegram In question:
in New York from correspondent al washington, ana
that thereupon he transmitted to the journal at Pha-
delphiA The explanation involves that the despatch
was sent from this city tho Philadelphia Ledger and
iuferspoes OF damaging suggested
the more especially is said that the stock broker
fsrel TO operated largely in gold yesterday and the
prev,ous day That It Wall street canard and not
political one generally believed although still
attribute 10 political rather than gold room source
The Of gold was somewhat eccentric the OPEN
ing price having been 1501S from which point there
was an advance to 1875 and subsequent relapse to
1915, after which the price steadily, and finally
closed at 1884, The supply OF coin for delivery
moderately abundant, and loans were made at 9Th
l-loth per cent per diem in favor Of the lender, and
in some instances without interest
The returns Of the export and import Of specie at this
port the beginning Of the year to the end of Sep
TENDER show that shipped sl6 AZ 1856 than
received durinv that time. The total export
$54 s26 300 the receipts from California $780, s2S ll4
aud the receiris from foreign ports So, 9Ss, Sal.
The stock market strong and active notwthsand-
ing the inclemenov OF the weather. and railway shares
experienced further advance At the open board
at ten o'clock Erie sold at S4sS Mich-
gan Southern 9o%, Northwestern AZ Il
preferred T5h Fort Wayne 1905. At the rst regular
board the volume business large, and the dspo.
ition TO buv ex,ened over the entire list New York
Central coscd ~ higher than at the time yester-
day, Erie u, Hudson y, Cleveland and Pittsburg TX,
Cleveland and Tol do 4, Northwestern lpreferred q,
Fort Wayne n. Toledo Wabash and Western 90, Chi.
cago and Alton l. Ohio and Mississippi certificates IL,
Canton a. Reading y lower, Michigan Central 4,
Michigan Southern Z, Illinois Central q, Quicksilver
y. Cumberland Coal x, Western Union Telegraph ~
ID mnnt war firm buto
Hve-twenies Of 1862 and 1865 showed an advance
OF 4. sevcn.thirtv notes unchanged. Among
the State Stocks Tennessee skies, new were n
higher, and North Carolina skies 4 lower. At the ono
O'Clock sessions the market active and prices expe-
rienccd further Improvement. At the hafpast two
board there brisk demand for all the leading rail
way shares but prices somewhat irregular in their
movement New York Central closed 4 higher than at
the rs, board Erie preferred q Hudson y Cleveland and
Toledo *; Rock Island Il; Toledo, Wabash and Western
~; Alton and Terra Haute Y Cumberland x; Reading
was 4 lower Michigan Central 4; Illinois Central e;
Cleveland and Pittsburgh x North Western 4; Fort
Wayne Y; Canton Y; Western Union Telegraph Il.
Government Securities inactive but steady in tone
Tennessee skies, advanced ~ At the three O'Clock
open board the market the whole firm
and active, although two stocks showed frac
tional decline Fort Wayne sold d. 81 at no. Michigan
Southern 9o%, Erie sax, Hudson River 1913, Reading
1853 u, Rock Island 1884, Northwestern At
preferred 75h, Cleveland and Psburg 93i, Mariposa
preferred 30, Quicksilver 54I Subsequently there
active market for all the speculative railway shares
81 advancing prices At hafpast four New York Central
was quoted at 1881 y, Erie SAX X, Illinois Central
12sk Y, Hudson River 1913 124, Reading 11eiS Il,
Michigan Central ll7n lls, Ohio and Mississippi certi
Acatss 34iS X Toledo and Wabash SAX Ak
Tho money market continues easy 70 the Stock Ex-
~As~r
count limo Is dull per for drst class commercial
paper. Money Is reported easy at Chicago and Gin
cinsasi
The market for foreign exchange closed firm the fs
lowing quotations Bankers bills England At sixty
days lot " three days l07k 10s, commercial bills
loo x. Bin on Paris u sixty days 81 2Sc ST. 8Sc.,
~ threc days ST. 23Kc ST. 26c, Berlin Aalers 10
u, on Bremen 7oa77, on Frankfort sok COX, on
Amsterdam 3e,s 40, on Hamburg Sss 4.
The Bank OF England rate OF discount is new ~ per
cent and there Who taking into consideration
~ resources argue that u will be still further lowered
under the influence OF the influx Of the precious metals
and the favorable state Of the continental exchaage
The bank held according the last statement received
on this side. stock Of coin and bullion equal TO
fle 200 ooo and u notes and com amounting
70 e. 900 sls the former At the time last year
having been only Ella ga and the uev fs $780,
The banks are therefore, -four millions larger
than they then, whom the rate Of interest
was -four per cent But the shipments OF
spccie which have been made TO this country
partly in payment fer nveswenties end partly
DO employed hero foreign account element
which operates agaisat further reduction OF the rate
although II h net probable that any will be ship
ped except in fn1ment OF special contracts already
tered into Tho policy Of the bank is aso understood TO
bc reprcssive far speculation trade concerned
might otherwise be maintained. Tho present rnte is
low enough. however, TO meet the wants
Of all classes of borrowers and a low rate
invariably indicates s,aguation in the movement Of
capital This is the care tho continent,
and particularly France the accumulation OF gold and
silver In tho Bank of France being enormous aud great
difficulty Ia experienced by the bank in making losns at
syon ! = 2 per cen. upcn good security.
Mining sticks active and strong. Al the first
hoard Bullion Consolidated closed 20c higher than
tho time yesterday, Ia Crosse Gold 2oc New York
Gold Zoe, Smith Par,nlee Soc, Rocky Mountain $50
Hope Gold was ioc. lower ccrydon sold at 90 10
Tho Treasury balance sheet for the fiscal year ending
on the 10Th Of June last has Inst been prepared
In anticipation of the report ef tho Secretary
20 Congress- OF which il will constitute as usual,
an important feature. nv this II appears ,hs,
the total receipts $3.50 1876 and the expcu.
dtures s51s s41 337 the receipts therefore having
cseded the expenditures by s3I6s, ss7 The abstract
shows that the receipts from customs aggregated
sire et6 ESQ., from public lands s665, o3 from direct
taxes sio7l1A from internal revenue $500, si2
and from miscellaneous rccs s65 i25 a6s. or the
peudnres Sal o4e pes are Chased under the head OF
cvi foreign and misc aneous SIC 2J3, 800 under pen.
sons and Indians s2ss sso FOL under war ss3.5la6a2
under navy while tho very large OF eia3 sS7 Is
put down for interest the public debt The
in the receipts from internal revenue was equal to about
500 600 ooo aud In customs to $4,000 900, while tho
reduction army expenses exceeded $3.50 600 ooo and
in those Of the navy sso,ooo,ooo A. the end Of the
year 1866 there n deficit OF $50 900 ooo yet, remark
able enough, there Of receipts over eS
pcudtures for the fiscal year stated. This exhib,