The New York herald., 1866-07-25
FINANCIAL AND COMMERCIAL.

TUESDAY, July PAP N.
The stock market opened animation this
ne; but the day advanced gained strength, and
prices decidedly in the ascendant The summer
speculation for rise has evidently not died out but has
merely experienced lu-or, in other words natural
reaction-and Wall is evidently the re-
sumption Of activity.
The exports exclusive of specie, from this port to
foreign ports for the week ending July a. valued
at only 81, s67 7sT-a which contrasts widely with
the large amount Of our current mporsations.
At tho early session Of the open board Erie sold At
63h V, Reading l09E MichSan Southern 81 4. Ceve-
land and Pittsburg s3x Rock Island 96h u, North
western 80 H-preferred 63, New York Central 103.
Canton 81 Cumberland 40 Al the first regular board
the market was dull with a slight improvement but
prices failed to fully from depression Of last
evening. Erie closed u lower than the halfpas two
board yesterday, Reading " Michigan Southern " I'LL
nois Central " Rock Island y, Fort Wayne u, Atlantic
Mall q Northwestern steady, and the preferred
stock advanced y. Government securities were inac-
tive. Coupon nvetwenties Of 1882 advanced y under
the advices by the Scotia OF their Improvement to 67
68 in London ON the 18th inst Coupon ten-forties
lower, thirty OF the first series 4.
AT the one O'Clock sessions the market developed .
rising tendency Al the half past two board was nrm
Reading closed higher than at the first regular board
Michigan Southern ~ Illinois Central Y, Rock Island
a. Fort Wayne y, Atlantic Mail 2 Northwestern pre-.
fcrred declined y. Government securities continued
dull Coupon nve-twenties OF 1852 wore u lower The
third issue advanced s, ten-rores u thirty notes
Of tho first series y.
At tho hapasl three open board the market further
improved, and its undcrtono strong. New York
Central sold loi, Erie s4, Reading lo9X Michigan
Southern ts 8, SIX, Rock Island Ok. Cleveland
and Pittsburg s4 Northwestern 34x ID. 3)--pre.
fcrred 63H, Fort Wayne 10. 81 9sK, Western
Union Telegraph 65 Cumberland 45h, Quicksilver
4S, Mariposa preferred 23k. Afterwards the market
cosep steady portion OF the list and strongly
remainder the quotations. at hapast ve O'Clock, hav
ing been under:-New York Central l04sx X Erie
64E zs Reading 109Z a. Il, Michigan Southern 81 ss
y, Cleveland and Pittsburg s44 y, Cleveland and To-
ledo 1loA a y, Rock Island 97h u. Northwestern
34k h-prefcrred 63h 04. Fort Wayne es bid Mari.
posa preferred 24,< <sk.
Money continues easy TO the Stock Exchange at 4
per cent with the supply in Of the demand The
discount line Is easy at 6k per cent
Gold opened at $50 and advanced before noon
TO 15oh, after which gradually reapsed
TO 1903, the closing quotation. Tho mar.
ket was hardly influenced by the improve
nent in fve-twenes abroad the prospect Of an
definite continuance Of the war In Germany, with q
possibility Of It's extending to France and Russia
than neutralzed In the estimation OF the foreign bank
crs and others the advance bonda It generally
and not incorrectly, supposed that the immediate effect
OF the war will be- TO make creditors in continental
Europe exactng Of prompt payment disipcined to
afford the same credit facilities which they have been
heretofore accustomed Tho ultimate effect Of the war;
however will be to stimulate the foreign demand for our
breadstu by Withdrawing sborers from the farm to the
battle neld but in the meantime arc exposed to con-
tngencies which may seriously advance the price Of
gold, although the fact Of domestic money market
bong during the suspension entirely independent Of our
foreign exchanges materially mgacs tho possible evils
Of the situation Cash gold es scarce for delivery
and loans made from l-32d per cont per diem In
favor OF the lender Of the coin fiat Tho range of
market thus far during each month Of tho present year
has been a. follows.-