The New York herald., 1866-08-29
FINANCIAL AND COMMERCIAL.
TUESDAY. August 2s-sP. n.

TUESDAY. August 2s-6P. r.
The stock market has been dull but firm to-day ana
the volume Of business smaller than IL otherwis
would have been owing to the prospect OF partial hol
day the regular and open boards hAy
passed resolutions 10 adjourn from this evening unit
Thursday, while the Gold Exchange will adjourn af,s
o'clock Tomorrow, In honor the visit Of Prssi
dent johnson TO the city.
Dealings in stocks wili however, be conducted in the
interval in the lower hall Of tho Stock Exchange or o.
The street. and In government securities at the counters
OF the Neutrality-suspicious. in them.
The Sub Treasury Continues TO disburse freely in rs
dsmption Of the temporary loan, its total payments
10 day having bsen s6,0e0.s27, while its balance
at the close was ss4, sos s72, including gold
rhs money market is very easy but quiet, the
demand from tho stock exchange being light Loans
railway and mscellaneous shares made at four per
cent, with unnportant exceptions At i've, and gov.
ornmen cola transactions reported at three
There is loss commercial paper Offering for discount than
WAS observable fcw days ago. which is attributable in
some degree 20 . large portion of the transactions
IN the dry goods trade and general merchandise
markets being for cash. and also to the fact that city
Arms generally have already obtained the accom-
mediation they required The rats for nrst class
meroal paper F~naias At ave six per cent according
70 the length OF limo Il has rum The supply Of cur.
rcacy being excess Of the demand Inconvenience
10 yet felt me accommodation OF country national
bank notes at This centre. It likely that there will
be any, for the Western drain will AFFORD ready
outlet for them, while, IL necessary, the Clearing
House association oan at any time make them useful
legal tender in tho adjustment OF the exchanges by
passing resolution 70 that effect But Q system OF
redemption Ike that discussed last year would BE-
letter. Most o( the country national hank notes
already supposed TO be rcdeemsble in New York
nls-A -Ay.. to otal Actnnu
psr cent more redeemablc in Boston and Phila-
dephia banks. This b more nominal than real, as
there balances sufficient kept either all OF
the three cities meet the drain which would at
result from te presentation Of the stock Of country
notes which lave accumulated in these citiea The
nstona, banks Of present mper-
tect financial stem and their notes admitted
public nuisance. But long they remain in circua
ton the should be smoothed for their passage
rather than OBJ ructed by the metropolitan banks, which
because they independent Of circulation by of
their banking deposits nevertheless interested in
easy working of the established monetary system for
the time beina
Al the early Of the open board New York Cen.
tra sold 1858 lo4 Erie 73,s, Reading ll5,S Rock
Leland ll0, eveland and Ptsburg SIN Northwestern
37-preferred 6SH, Ohio and Mississippi certificates
M. At the trst regular board New York Central
closed < higher than at the same time yesterday,
Erie g. Reading Y, Michigan Southern y, Rock Island
\, Fort Wayne y, New Haven ,s Alton and rerre
aute preferred !, Cumberland =, Marposa preferred
y. Western Union Telegraph H. Northwestern =
iewer-prsterioi y. Bank stocks well supported;
Continental sod Q, lo2 Ninth National Ill., Fourth Ma
tiona l04ts. Government securities moderately
sive; the bulk OF tho business them being confined
:" sve.twentes " the original and third Issues; tbs
former fTun at advance Of = and the latter
sowed dcc!a,c al 4. Ten-fories .siso y lower
seveathrty Of tho arst series 1-third SERIES
AAs stocks were stSady.
After the can the market continued extremely dull
aud the lower ha Of the Stock Exchange became
with the slnzing Of Hahsluahn in which those
assembled ndneed for the want Of more profitable occu
patton Al thu O'Clock the market continued
duh but sc eady. Al the hals-past two board
Reading closed lower than at the first reg
alsr board OHIO and Mississippi certificates e, and
Cumberland =. but the Vess Of the market Arm.
Erie Il higher, Northwestern preferred u, Fort
Wayne ~ Alton and rerre Haue preferred y, wesseri
Union Telegraph 4. Government securities frm
Coupon of 1881 were 4 higher, ten-for,ies \;
thirty Of tho third series r. Five-twentsa
were anaitercd
Al the open board At three O'Clock the mar
ket wxs stronger and more active, except fo
Reading. The atter sold at Il%s. u, New York
Central lo4,a y, Eric 1875 =, Cleveland and
Toledo 49,. Michigan Southern ssS, Rock
Island o. 3 ITO, Northwestern 3,-preierred 6s5..
Fort Wayne 1885,, Spruce Hill Cos AZ, Western Union
Telegraph, 5s. Afterwards the market closed strong
haf-pas, the quotations were:-Eris
Tsys "a, Nov York Central lO4lS 4. Reading ll54
-, Michigan soathern 49, a ss, Cleveland and Pitts
burg s7s \ i,"ck Island 10 Z, Northwestern 81 4
n-preferred ssk y, Fort Wayne io6is \, Ohio
and MssissIin certiAcatds 2sls =. Quicksilver 50 q
=, Western in,on Telegraph 5s9s a.
The gold sst Is strong under the manipulation oi
the bull clque Tho opening price I4sis, followed
by an advsn 10 14oh, a subsequent decline To 14ssl
sad rocovots IsSyk, afer which il eosed at 14Sk
Cssb gold career than yesterday, and loans were
made at Icr cent per diem in favor OF the lender
u the coin. fhe cahle report thai the treaty Of pence
betwcen Prus q and Austria had been ratified by the
f.rmcr Pqacr exerted influence upon the market.
Poreign sngo shows Increased depression and bns
almost ~ 'siabie the supply being large and
demand ot.rarativcly light This is mainly due th:
dssangemcni produced by the heavy speculaly,
shipments OF ave-twentess Bankers hills on Enslanl
~ sixty days quoted at 1885,. l05 three days ioa.
i07i. ncrciaI los ;.fancs at sixty days. s.
81. 5c 81 - The quotations Tor British consos and
American securities In London under to-day and
oa the previous dates msnt.oned:-
Asg.sf - Avsas 20 August os
Cos-ois ................ ss,. sls So,
uo,ted states 5.2Os.... TO-. 20 ~
Hns. - 4Ais so
Illinois Central. u Z. 75
mining stocks we're du,i aud steady. Al the nrsl
board Downsvle Gold closed t.. higher than al the
time yesterday. Al the second board Atlantic and
Pacific sold g. Corydou az 10 Downieve Gold 81 a.
0unneIl Gold 81 o. Holman Gold 4oc. New York Gold
~ %, Rocky Mountain IS 10.
The EXPORTS cscusve Of specie, from the port Of New