The New York herald., 1866-09-19
FINANCIAL AND COMMERCIAL.

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rrrpAY, Sept lS-oP N.
me aoch market continues 10 develop increased
-.,ape,b and animation, and il is very evident that the
xpsoant "buls who were recently opposing the ma
sn.s tendsnoy prices in order that they might oad
- savautsseously are lnow going with the current
n. ina bear interest has been reduced TO insgniH-
a, proportons and the disposition 70 Jake "a long
ma and pull altogether for rise Ia daily becoming
mare general The last OF the returning Mohcans OF
spssulation from the country seeing the temper
= tbe street. and having in view the natu-
ysi conditions governing the course Of prices, are
vsneray disposed TO "fa in" with the multitude, and
sssordngly they buyers rather than sellers The
sBps In the Market far We can learn, is
v.a and the smaller the better for all cliq<s opera
soas have demoalzing tendency and initiate against
sbs respectabiHy OF Stock Exchange, while they in
vsaey prove adverse to the movement II is their object
% encourage AT the early session OF the open board
,hs market was strong, especially for Rock Island,
which sold up 10 ll0x. At the first regular board Il
continued strong and active New York Central closed
IN higher than at the same time yesterday,
Ere u, Michigan Southern y, Illinois Central y, Rock
Sxand IL, Northwestern 1preferred IN, Fort Wayne
". Toledo and Wabash y, Ohio and Mississippi certf-
casss u, Canton l. Mariposa r. Cleveland and Pitts
esrs was v lower Cleveland and Toledo Y, Mariposa
presrred ~ Government securities showed improve
sneut Coupon Ave etwenties OF 1862 were higher,
OF 1866 " tenfores x, seventhiry notes Of the
Drss y, second series ~ third series " State
socks were in demand and Tennessee skies Of the
sssus ~ higher North Carolina SKIES, new, V.
sno for The Southern State stocks is improving
With financial prospects Of the States to meet their
obligations
AZ the one O'Clock sessions there was considerable
tvhy and prices well sustained At the hafpast
swe sosd there was change In the speculative tenn
Der but prices declined the call. New York Central
saosed lower than at the nrt regular board Erie u,
Dock Island r. Fort Wayne was Y higher Quicksilver
g. Canton lh, Marposa preferred 1S. The improvement
- government securities not fully sustained, and
Usupon skies Of 1851 closed 4 lower coupon hvetwen-
ss Of 1852 seventhrty notes OF the second series ~
9Aere s demand worth mentioning for government
sscpriues for investment at current prices and hence
sey require TO be supported by the speculative dealers
- then
Al the three O'Clock open board the market was
steady New Central sold l07, Erie 735 Michi-
nm Southern, s4A, Rock Island 110A, Northwestern
e6H-prefsrred o7X Fort Wayne 1861. Subsequently
Sr1sos experienced a general Improvement and the
speculative feeling stronger AT fve o'clock tho
saarket was nrm the following quotations Erie "a
y, New York Central l07 y, Reading i151 4,
1sichigan Southern s4k u, Cleveland and Pittsburg
D6k x, Northwestern 36Z s6-preferred 65X 6s,
mock Island Ill y, Ohio and Mississippi certificates
~ Fort Wayne 1853 e, Illinois Central l2ls l22.
Quicksilver 52sl SO, Canton 6A1k s., Mariposa pre-
eeTsd 81 a y, Western Union Telegraph 57A *.
The money market is suggshy easy at four per cent
md the exceptions at three per cent on government
sscares have been more numerous than for fortnight
Dast Al the time few transactions reported
- Ave but mostly easy terms First class CONNER
s,a, paper is in limited supply at per cont accord
sng V date The Western money markets reported
- al NJ htc
but tho bank rates Of discount at Chicago End
Cincinnati remain steady at 10 per cent and
q respectively The return fo~ Of mo
oey from the interior TO the Western cities
- san aong forward ana the drain from the East s i'm
oscsptiby light This mainly owing to the local none
easy OF the country having been well supplied
Wsh previous TO the harvesting of the crops,
since which time the payment Of interest the
sAy loan and the redemption Of the 1--WE per cent tenn
perary loan have greatly added TO the available funds OF
sAs interior as well the metropolitan banks There
= talk the par, the 'bears Of drain south
ward 70 gather aud move the cotton crop,
Ans this 10 entitled 10 but little confederation,
Ths Drain will not set in till at least another month
sasDsss and then will be 30 light not TO materially
sessen the supply Of money At the main centres More.
svs the redemption of the Clearing House certificates
Sfu in the meantime the sources Of ease 70 the
s.essy market will be fully equal to the Of
- bs in excess Of demand for the remainder OF the
gear
The gold market opened at decline from the closing
price Of last cvening-namely, l44s-under the pacific
sntsrpretaton given TO the news from Europe by this
Journal and that nvetwenties had advanced In
she London market II afterwards advanced 10 las and
after relapsing l<47s to 1855 the closing quota
cation Loans were genersly made at Lie per cent
The market for foreign exchange has been rather dull
Dut hrm Prime bankers bills on England, at sixty
days quoted al lo7 y, three days hills at los
- commercial l0o a Y; bills on Paris, at sixty days.
, 25n . 8 2s three days, 22h 23k; on Der
I'm, T0x 7lll; on Bremen, n ~ on Frankfort, <oh
y; on Amsterdam, 3ah 4o.; on Hamburg, S5x
Dsk. American securities in the London market are
about steady. The quotations the aforementioned
~ : '''" Sept IL sy ia Spl II
Rnited States hye-twenics. 12A 10 TN
ptrc. s3ta s1's 80
Illinois Central. ............. 1eh 1874 IsA