The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-10-28
FINANCIAL AND COMMERCIAL

SATURDAY, October 27-e r NJ
Thcra no abatement OF speculative activity on the
stock exchange and the tone Of tho market remains
strongly sbulishn To-day, however, usual Sat.
day owing the absence of afternoon session Of the
board business mainly confined to the morning
hours Erie and Northwestern continue to lead the up
ward movement of the railway shares but there is
well distributed business in the other leading stocks
The money market shows material caangc. The
demand from he Stock Exchange rather brisk in pro-
portion 10 the increase OF business Loans were made
freely 10 fret houses at per cent and in some
instances on government collaerals, at az, but
among weak speculative firms there transac-
tions al g. There Is somewhat larger supply OF COM
mercia paper drawn al from three TO six months Of
Sering chiefly coming from the dry goods trade
but, owing to recent failure in this city and the
Cohoes failure at Troy, dsooun,crs discriminate closely
in their selection Of names particularly too with
regard those identified with wooen goods The best
grade, nevertheless. Is in request per cent The
statement of tho associated banks of this city for the
week ending todayis reported to be favorable The de-
tails are thus estimated: decrease in loans OF FIVE
millions, In deposits OF two millions and in legal ten.
der notes OF nine hundred thousand and increase in
specie Of three hundred thousand.
At the open board at ten o'clock there was good de-
mand for the speculative railway shares and prices ad
vanccd, Erie selling S4s u, Northwestern at 57<
H-preferred al so and Michigan Southern at OK. AT
the FIRST regular board Erie strong and sold at SAX
Il, but tho rest of the market only steady. New
FORK Central closed Il lower than at the time yes
terday Michigan Southern Il, Cleveland and Pittsburg
u, Cleveland and Toledo 4, Northwestern H-prcfer
red 4, Fort Wayne u. Ohio and Mississippi certificates
81 Quicksilver u, Western Union Telegraph *, Erie
was IL higher Reading -, Toledo. Wabash and West
y, Chicago and Alton 4, Pacific Mail 2, Atlantic
Mail Steamship Company u, Cumberland 2,I, Mariposa
Mining 1a-preferTed 70. Government securities were
dull but steady. At the O'Clock open board
the speculation for rise had firm under tone New
York Central sold at 1lS7s, Reading ll6J6, Michigan
8outhern 92k, Illinois Central 124SS, Cleveland and
Pttsburg 92S, Rock Island 1U93s, Northwestern 57M
preferred S06, Fort Wayne 100, Ohio and Mississippi
certificates s3, quicksilver SOS, Marposa preferred
Blk ts 81, Erie 64H Subsequently the market ex-
perenced slight relapse but quickly recovered and at
haifpast five twas firm at the following prices-New
York Central 1lsH 4, Erie SAX y, Reading 1869 a
h1e. Michigan Southern 921s u, Cleveland and Pitts
burg % "a Rock Island l09k Il, North Western 81
A-proferrcd 50 u Fort Wayne 1857 u 1O9 Ohio and
Mississippi certificates 33,1 n, Cation 5415 sc, Cum.
beriand SO u, Mariposa Mining Company lax a X
preferred 317s 49, Compound interest notes were I
quoted thus by the dealers June 1884 1165s III
July 1l6ss III August. 1853 1865; October ll47S
1l6h; December I1aX ia; May, 1896, 1ll5s 1l2;
August li0N y; September 40 a u; October 109H
l1Ox
The gold market heavy, but late in the day 1t do
,eloped increasing Armness. The opening pnce WAS
iA6k followed by decline to 1861 and subsequent
recovery TO 146X u, the closing quotation There was
good supply Of coin for delivery and loans were made
a 1-a2 49, and at the close without interest. The
export OF specie by this days steamers aggregated
OF which the City Of Washington took $302 ga
and the Arago $05,00o The weekly exports from this
port and Boston, since the beginning OF May last have
hAan az undor