The New York herald., 1866-08-28
FINANCIAL AND COMMERCIAL.
MosDAr, August 2T-sP.M.

FINANCIAL AND COMMERCIAL.
N>->~-~~~~~~~~~->~~>~.>~
MONDAY, August 21-sPM
The stock market opened this morning and after-
wards became inactive but late the Afternoon de-
veloped improving tendency, Rock Island being
pecsiy strong among the railway shares The most
tceabIe feature Of the day however, was tho further
advance Of national securities stimulated TO sx-
tent by the rise In avetwenties on the London stock
Exchange to TAX.
AT the open beard at ten O'Clock Erie sold 1t 49,,
Michigan Southern ssk. Reading e. 81 l1sK, New York
central io21S, Rock Island d. 81 1o9s Northwestern
S'-preferrcd ssK Marietta and Cincinnati hrss pre-
ferred on dividend lssI-second preferred 2lsS,
Nvstwentiss Of 1852 ll3 Y, third issue 1oox.
AZ tho first regular board the market was .
shade lower but steady at the decline; neverthe-
less a. compared with the prices current Al the
sme on Saturday there general advance with three
exceptions, namely: Now York Central which was
lower, Cleveland and Toledo X, and Cumberland n
Erie was higher, Reading u, Michigan Central y,
Michigan Southern u, Illinois Central x, Cleveland snd
fttsbsrg r. Rock Island x, Northwestern -pr eferred
~ Fort Wayne ", Milwaukee and St Paul prefe rred "
Aarposa preferred u, North Carolina Sizes ex coupon
~ Government securities were bsavant and coupon
ihve twcuties a the original issue experienced
. further advance TO lias., although the trans
actions wero light Il is understood that these
ars partially "cosnered," q considerable amount
o the bonds having been sold thirty sixty days
aud these contracts maturing whle the bonds
are made scarce. The latter showed an advance
OF 2h, second Issue y, third issue 1; ten-fores 1
peven-thirty notes, first series Y second series Y
third series x.
At the O'Clock sessions the remained steady
and dull. At the half-past two board Il was firm New
York Central closed higher than at the first regular
fguo. E-.~
Terre Haute X, Manposa preferred T. The latter COM
pany adverses that Its first mortgage bond coupons
prior to July lS8e will be paid presentation the
ofnce. Government securities lower; Coupon Ave-
twentes Of 1852 declined q, issue Of 1855 ";
thirty notes Of the first series second series r. third
series u
Az tho oren board at three O'Clock there no
material change but Rock Island was steady at lOaX
d. -. Erie sold at 73H d. 81 Michigan Southern s5,
Illinois Central 123,s, Northwestern 37l4-prcferred
6s,s, Ohio and Mississippi certificates ts 81 29H,
Spruce Hill Coal AZ u, Quicksilve. 5o2s The
market finally closed strong, and the quotations
at half-pazt i've under:-Erie 1914 4, Hudson
River 11st< bid; Reading 1l5i H. Michigan Central
1l3 i14, Illinois Central 123 a n Michigan southern
s5H u, Cleveland and Ptsburg SIX q, Cleveland
and Toledo Il5K X, Rock Island 1o9a4 ITO, North
western 37H aK-preferred ss9x y, Fort Wayne lO5
y. Ohio and Mississippi certificates 29k u, cumber
saud 4TI1 X Quicksilver so u, Mariposa preferred
17H u, Western Union Telegraph SIX, bid.
The gold market opened 14ek, but rose within an
hour to l4TT, and then reapscd 1471S, from which
point advanced rapidly during the afternoon l4sz,
contrary TO general expectation the suppo.on having
been that the advance vewcntes abroad would force
= decline. and large "shortr sales were made ON
ths theory. Bot the bulls made capital OF this aud
bid the price up, at the time buying freely. The
begs appeared 70 take alarm aud covered their contracts
an instances. The latest quotation was 1857 u.
Loans made without interest early in the day. but
afterwards l82 ie PAID for borrowing the closing
rate being the higher
The money market In very abundantly supplied and
No demand discounts and the Stock Exchange
n inadequate to absorb al the capital Offering Loans
railway securities generally made st per oent
and Of the large dealers government securities
can borrow q 3 but, noswi.hs.spding, there
septseas at g. mere 10 . moderate amount Of COM
ecial paper Offering and the best grade is promptly
discounted u . per cent, according TO
fhs length Of time IL has TO The Sub
Ereasuy here has bssn actively dIsbursng to-dsy IN
sedsmptioa Of ne Temporary loan, in consequences Of
which che balance hes decreased from LOOT I'D
Saturday afternoon - Sss, ,SO6, 700 this evening. NE
statement Of the associated banks for the week 10 favor
sbs 70 prooaged monetary ease and the drain Of cur
Nssacy Westward very light TheJoans and tho deposits
have Increased N IN equal ratio, the former being
1asle. l4l larger and the latter sss0s,s7l The legal
tender notes havs Increased 81 si2 while the cscu
lation has been augmented Slel 500 dscssass Of
1eoi 80 the specie shown leaving only % ss4o7J
in the possession of the banks OF this city and the
greater portion a this their vaults but she
hands Of those who have borrowed IT, The details of
ma oreaent and nreyious statements are subiolu