The New York herald., 1866-08-03
FINANCIAL AND COMMERCIAL,

.or,a animation was infused into Ohio and Mississippi
rsxtiacates which have hitherto neglected, while
Illinois Central Northwestern and Michigan Southern
were largely dealt in at advance Among the miscel
laueous shares MariposA preferred was the most active
rbe volume Of business is rapidly the increase owing
to an OF orders from outside parties anxious
TO take = Eyer" and professional spectators
at present soournng in the country who divide their
attention Wall street and the beauties Of nature
TO the neglect of the latter the profit OF the tee
graph companies.
At the early session OF the open board Erie scd at so
x Reading 1l3 Michigan Central liz, Michigan Southern
sSa " Cleveland and Pittsburg sSs az, Cleveland and
Toledo ll6Is RockIsland 1884, North western 37h "a
preferred 67 Ohio Mississippi certificates 2ss New
York Central l04% Mariposa preferred 2s At the rst
regular board the market was very active and
strong, but the opening prices were not fully sus
tanned on the call Erie closed Y higher than at
the haf-past two board yesterday, New YORK
Central 81 Michigan Southern y, Illinois Central
X Cleveland and Pittsburg r. Cleveland and Toledo u,
Toledo, Wabash and Western X, Fort Wayne y, Ohio
and Mississippi certificates ~ Cumberland u, Mariposa
preferred A. Government securities were steady and
rather active thirty Of the rst and second
series advanced T.
After the board coupon nvc.twentes OF the old issue
advanced l0S under report that the Secretary Of
the Treasury would not receive any Of the June
July Of notes in conversion for ve
twenty bonds OF 1885, thus limiting tho priv
iege the August issue. The railway list at the same
time continued to slightly from the extreme ad
Of the morning In consequences Of sales to realize
profits.
AT the o'clock sessions the market was strong
again. At the half past two board 1t was firm, but prices
were in below those at the ghes
point OF the day. New York Central closed u lower
than at the first regular board, Michigan Southern n
cleveland and PittshurG y, Cleveland and Toledo ~
tock Island n Fort Wayne r. Ohio and Mississippi Ger
1dcates advanced n Reading a. Erie, Hudson River and
Northwestern steady. Government securities were
fm but dull Coupon fve-twenties Of 1862 closed u
1gher thrd issue n
At the open board at three o'clock the market
WINS strong and quotations fraction higher Erie
sod az 50 X, Michigan Southern S4H 4,
Cleveland ard Piltsburg ss, Reading o. 81 112h,
Cleveland and Toledo 1854 III Rock Island 1884,
Northwestern 81 u. preferred 67t4 u, Marposa pre-
fered 2TY Quicksilver 50h. Afterwards the market
remained steady and at half past i've quotations we're as
under:-New York central 1041s y, Erie 6Sz 90,
Hudson River 120h a 12l. Reading l12 y, Michigan
Southern s491 &, Cleveland and Pittsburg SIX ssH,
Rock Island l0s " Northw estcn 81 h-preferred 81
~ Fort Wayne 1o2A lo3, Ohio and Mississippi cert-
ficates 2o1s X, Msriposa preferred 27N 2s.
The Stock Exchange continues to be abundantiy sup
nve. and large amount is lying unemployed in the
banks Balances reported to have been loaned in
some cases three per cent First class commercial
paper is in request at S a8K per cent The Western
eaey markets remain easy and remttances Of currency
still being made daily to New York. although bus
that section Of the country, Is usual at this
season Of the year, Ia dull.
vhs gold market has been somewhat heavy. The
epssing quotation 1884, followed BY decline 70
las Mo closing quotation. The supply Of coin for do
Nvsey inadequate the demand and loans were
saae q IJx Lie pcs diam, the rate
bting ssa The decline from tho opening price due
70 two csases-one Of which that large osdsn had
arrived here from Europe 10 buy nve.twentes, and the
0hcr that certain pariss n this city largely shor Of
god bad scnt urgent TO Mr. McCuoch to se
apcetou Of his coin With respect TO the fst
uoaed, only neoesssry TO remark that there has been
vsy tsle demand from foreign bankers during the last
tAree days for bonds. which ID significant of limited
orders from abroad Moreover have yet TO learn
ths ssct Of the large shipments Of bonds from this sids
aauenced by tho prospect OF higher quotations for Amer
oaa securities In Ioudou. while the second
u n hardly necessary say that have had enough
Of rrcasury gold saes through relative Of the Secre
tsry and that n tho latter s III advscd enough 70 make
any such sales the omega OF bis public will
have arrived Not only the financial and commercial
community, hut tho people at srge have formed very
decided opinion upon that subject and Il has been
Of consderabl. public disappointment that tho
committee appointed by Coag to investigate the late
Treasury gold scandal failed to make lis report before tho
adjournment, and IL IN quered whether there not
scme COLLISION between the committee and the Treasury
Department parties immediately interested, in pre-
venting the investigation csied for from taking place
the proper policy Of the Treasury leave the price
OF gold to be regulated by the natural laws Of supply and
demand and for otherwise Ia 10 excite suspicion
Of Official corruption at tho best lead 10 general
demnason oil a policy which sagacious finance minis
ter would adopt
Foreign exchange has been nat and the iobbcrs or
speculative buyers have been bearing the market
much possible with the view TO buying bills cheap
and then holding them FOR rise. Bankers bills on Eng
land At sxiy days we're quoted los y, and second
hand transactions reported low rs l07aS z.
the business WOW Of Saturdays steamers has thus
far been very light
The Commissioner OF Internal Revenue has decided
that bank should receive The notes OF State banks In
tho usual business and return them for
dempton 10 the institution by which they ssred
IL would not be paying out Of such notes within the
meaning of such act March g. 1896 amended July H.
Is0e. II the notes In question forwarded TO New
Yo~k Philadelphia bankers lhero, for the purpose
OF causing them 10 he sent tho banks issuing them
for redemption, the liabilities would be incurred
mo notes must % 0rwsrded Tor the special zud only
purpose Of being redeemed, the same r,le would not
apply whore they sen for sale TO make up balances
the now Iaw taxing TIE Of State bank at the
as ten psr took yesterday but this
bot restrict T. fsee circulation OF such nots among
Individuals
Az considerable inquiry making regard to the
Ferson Of sevcntar iuto nve-twcntes Of 1868, Is
proper 10 state able to do The best suthor
w. that the goverpmon, is willing receive In
sea the seven thirties failing due August Is 1857
The stock brokers Of Paris have succeeded in reestab-
ilshtns fornishy settlement, for Bourse operations,
instead Of the monthly which has existed 1850
Their reason was that 10 such troubled times as these
which produce srcs fluctuations In prices, n month
zoo long The Minister Of Finance having considered
the matter has decided thai they may have fornghtiy