The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-07-07
FINANCIAL AND CONNER GAL.

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FRIDAY July Go NJ ~
The money market exhibits most OF the symptoms
whIon usually indicate continued and increasing ease.
Tho superintendent supply OF loanabe capital and tho
very small demand therefor in the ordinary channels Of
business among the most obvious OF these indca-
TONS while the vast amount OF national bank notes with
which the vaults OF nearly all our large banking nstitu-
tons are gorged contributes with other analogous
causes put currency OF the county into that
which is most preventive of strngency and most con-
ducive monetary Capital being plentiful there
FORE while currency is over-abundant, and the public
confidence steady and we'll sustained have the three
principal conditions for in money and the general
impression in Wall street, appears to be that this
will not only be undisturbed for time TO come, but
that it may probably be maintained until the present
tranquility OF business superseded by the activity incl
dent to the opening of the coming fall trade. Whether
these opinions correct no, is certain that they
extensively prevail and that they influence to very note
worthy degree the current movements in Wall street
An attempt made yesterday to propagate the notion
that there increasing activity in the loan market
Indeed about two O'Clock the afternoon there were
considerable number OF applications for money at tho
leading brokers' Offices These inquiries reported to
have been the part Of of the bear
epeculaors the very moderate activity of the stock
market does not to justify any sudden and exen-
sive demand for and monetary accommodation on
part Of the stock brokers The current rates for call
loans are unchanged and range from to per cent on
approved securities. The discount demand is small and
good bills pass readily at 511 a 7 per cent
The chief point OF interest in the stock market rs
continuation of the activity which was developed yes
erday the various descriptions of government secur
tics At the first regular board skies Of 1881 advanced
per cent, and although 10sN bid, bonds were
offered Five-twenties OF 1862 in demand at 1861
u 1885, the principal purchases being on account Of
foreign firms, who buying more freely to-day than
they disposed to do yesterday. Fivetwenties Of
1864 arc scarce and we observed no transactions in
ia ON; but the bonds OF 1855 offered at 104H and
$500 900 accepted at this rate. The tenfortes
also strong and to 9TZ. Seven-thrties were
steady without much activity. State stocks showed,
also considerable activity, North Carolina sxos being
inquired for at SAY s4A and the bonds at So.
Now York Bounty Loan active at 1885 1885,.
Railroad shares active Seven thousand shares Of
Eric sod the opening price being 60 and the lowest
price 672s New York Central advanced "a Michigan
Central H. Michigan Southern u, Illinois Central u,
Pittsburg a. Toledo IL, Rock Island Il, Northwestern
"a Northwestern preferred y, Fort Wayne Il. In the
miscellaneous shares little done Quicksilver ad-
vansed " Western Union Telegraph |. Spruce Hill sold
Az Mariposa preferred at 2311 and Atlantic Mall
at 124,
AT the ono O'Clock call very little business was done,
and there was change of importance in quotations
The only feature worthy of note active demand
for Toledo and Northwestern. At tho second regular
board there considerable excitement in old five
twentles, which 1868 1857 Ten-fortics also
went up to 9s Seven-thrties also shared the gen raj
improvement and advanced to 1885 1884 The rail
road share list well supported; Rock Island ad-
vancod u, Northwestern u.
The chief point of at the second open board
hafpas three centred In Erie, 1000 shares Of which
bought in under tho rule, in consequence firm
who had made the time contracts to deliver the stock
having failed make the deposit OF Eve per cent which
called up by the purchaser. Afterwards there was
fair amount OF business doing In the street, and the
quotations at hafp past Ave T. NJ. follows:-New
York Central eoz, Erie 67k, Reading 107, Michigan
Southern So Cleveland and P.ttsburg s3x Cleveland
aud Toledo 1884 Rock Island e0h, Northwestern 33A-
preferred 6111, Fort Wayne s7,&
Petroleum and mining shares neglected AT the first
board, Consolidated Gregory Gold closed 10c higher
than at the time yesterday Benehon Run Oil sold
at So so; Manhattan, zoe Germana, l0c. Downieville
Gold, So Gunncl Gold. 81 H. New York Gold,
60c At the second board BeDehoT Run Oil closed l0c
higher than at the first board selling at 50 CO. Consoli
dated Gregory Gold 35c lower, selling at $40 %
New York and Allegheny sold at 81 40; United States
s. 10; American Flag, 50 90; Downieville Cold 55c.
Gunnell Gold. 81 10,
Gold is more plentiful for delivery. The lending rate
this morning "hat but in consequence partly Of the
large supply seeking borrowers and partly OF the small
demand the rate this afternoon from three TO FIVE
per cent in favor Of the borrower The quotations have
nuctuatod less than usual to-day, win DO from
tho following table Of the prices throughout the DAY.