The New York herald., 1866-08-04
FINANCIAL AND CONNER cIAL.
FprpAr. August SAP. N.


sor houses are made at four per cent although the
nate generally asked by the banks is ve Owing TO the
stagnaton OF trade there is very Limited volume OF
business in the discount line. burst class commercial
paper is in request at six per cont with exceptional
transactions at 5A 6K The same dullness Of trade
and abundance of money characterize the West
~u markets, Good commercial paper is freely
discounted at Chicago and CINCINNATI at ten
per cent per annum, and exchange on New York
s arm at par buying. and lilo premium, selling At the
xast the features almost IDENTICAL and Boston the
supply Of currency reported in Of the demand
asaopsr cent for short loans and discounts This
undsturbsd and satisfactory condition Of the money
markets ell the country s In the absence Of much
activity in trade, highly conducive to speculation and
hence in degree the growing activity Of business
on the Stock Exchange svaI vGHl "a 9,f
The tendency Of railway shares still continues dccd
ediy upward with we'll distributed activity, and the
reactions following heavy salss reaize which occur as
intervals arc remarkably light se
Mr. Mcawbe Junior under these circumstances, begins
to entertain viAons Of prosperity and hopes OF being
able 70 pay his creditors while Mr. Deadalus Beet en-
courages similarly sanguine expectations The only
royal wealth supposed by some to lie through
Wall street and there financial cripples daily mingle
with the crowd and taors and cobbers strive to con-
vert themselves into monaires but generally without
much success There is a prevailing idea that il man
do nothing anywhere else he may do something
the Stock Exchange and hence is the refuge OF great
army OF inpecunious but aspiring nondoscripts, who
prefer the excitement of speculation with intervals Of
stupid dlenes to healthy industry and fixed occupa
ton.
At tho early session of the open board the market
steady except for Ohio and Mississippi certificates
which advanced to 3o, At the first ur board prices
were not fully sustained owing to sales TO realize profts
but the undertone of the speculative current was stong.
Ere closed u higher ha the half past two board yes
terday, Cleveland ant Toledo sS, Fort Wayne u, Ohio
and Mississippi ctrlcates 3s. New York Central was Il
lower Reading al, Michigan Southern y, Rock Island
n, Northwestern hpreerrcd u, Mariposa preferred h.
6tycrnment securities were rather dull. Coupon Ave.
lwenaes of 1852 declined ~ third a Sevcnthiry
ioLss were neglected Al@s
AT tho o'clock sessions the market
nrmer, and IL continued to show increasing strength
till the half.past two board, when Reading
closed higher than at the first regular board Cieve
land and Pittsburg a Rock island q. Northwestern *
preferred ", Fort Wayne ~ Ohio and Mississippi cer
fcates r. New York Central Il, Government securities
were dull but steady
At the open board at three O'Clock there was mode
ra,ey large volume OF business transacted but prices
were without noteworthy change New York Central
soid at 1o49s, Erie esX, Reading l1lX ll2, Hudson
River 12l%, Michigan Southern s4ss, Illinois Central
I23, Cleveland and Toledo 1l6%, Rock Island 1884,
Cleveland and Psburg S7,s, Northwestern 373S-pre-
ferred 6Th, Ohio and Mississippi certificates 30k
Quicksilver 5o1l Marposa preferred 27s1. Afterwards
tho market remained frm and at five o'clock the
following quotations current New York Central
sle4k Y. Erie 8sx 90, Reading 112 u, Michigan
Southern SAX ~ Cleveland and Pittsburg SIX r.
rock Island io3s. y, Northwestern SIX H-pre-
fsrcd 67& n Fort Wayne 1887 104 Ohio
and Kissssppi certificates soK *, Cumberland
4Tk y, Quicksilver 5ok a Il, Nariposa preferred
37xa2s
Gold has been steady and duh, but the market shows
vesy unyielding tendency. The dsmand for customs
duties ID heavier than usual and the supply lie limited
Loans made ut from 1s2 70 nat early in the day. but
towards the close Of delivery houss the borrowing
advanced 70 l6 per per diem In favor Of the
Of the coin. The opening prico 14Sk. followed by
decline to l47 and rally lAsk II hnally closed ~
l4s. A rumor at that time in circulation 70 the
sssct that ayetwentes ss,< In London, and that
treaty o peace had been signed between the beRerent
Powers Ia Europe but failed TO any perceptble
eject upon ethpr The gold premium or governments.
Ooasdersl surprise expressed that the cable telc
srsyhoi is reported 10 be ''workng beautifaly," no
political news has come forward for some
dsys although quotations for cotton and secur
tas have. Why is thiss Arc there any enter
prising spirits rsaping monopoly OF the foreign ad
vcss Nobody appears to know exactly the cause OF
y
negect somewhere Indeed the line is working
sp'enddiy and the public would like TO have little
light on the subject in the absence Of which the
managemcnt OF the cable will be open to suspicion.
The foreign exchange market has been duh and rates
experienced further slight decline Bankers bills on
England at sixty days quoted second hand tho
CLOSE OF business at 07k a. short sight 1854 109X;
but the leading drawers asked los for their long date and
Iook for their three days bills Commercial bills
,ttt.
Paris at go days quoted at ST 2a,sc. ST. 21Hc
three days 5f 1870. 5E 15c. Hamburg 81
y Berlin 70 "a; Bremen IS 20.
The official returns OF tho export and import trade of
ths port for tho month Of June. completing the fiscal
year, have Just bcon published The value OF the i'm.
ports stated gold exclusive OF freight charges
white that OF the exports IN currency The imports
Jone valued at s22 osa against si6 s2 for
tbs same month last year, aud So, asia FOR
that or 1864 Tho exports during tho same
month In 1860 were valued at $40 a62, AIS, OK.
clusive Of specie; In 1885 At Ss24o,eit and IN
1894 n sle,35a,44e The imports for the nrsi
as months Of the present year valued at
Si6s 400 o3i against sscol2 05e for the time in
1885 and sl3s 35s $50 for that OF 1894 The exports
to foreign ports for the corresponding period in 1895
were. exclusive or spcce. sloT, ,13s 9i7; In 1866
$40 o2s 6s5, and in 1894 $50 2I6,442
Tho figures OF greatest are those for the fiscal
year from the lst Of July 1865, 10 the 3oth OF June
1885, and for the two previous years the imports this
port follows
1861. 1sf4-5 1866
Entd for ccnsn $3.50 O34oss s6705e so sf7p SIG
Encd for warehg 45e. 592 80 206 liz III $50 se4
Free goods. I0,3sI. los l0,6C3, 200 12s23 74l
Specie and buil'n 20ga, ,0j1 s90,i3l 2,25l 6i4
Total ent poS23s oa5 $751; 77p 27s $500 iss JOS
Wd'p from wh'sc %, 0e5 9;3 20 .G5,s62 ss,sal3.5
The imports were, Therefore hundred and forty five
millions larger In the last than IN the previous lscal
ye@, ,ni seyeny-one millions larger than in 1861
These. exclusive or specie, were represented thus
1854 lsSi-a 1856
Dry goods. $50 2a4 906 $40 800 a3p f13T O55 s3l
OenerL mise lko 6l3 or Ito Nil a0l lG6 soi aon