The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-09-21
FINANCIAL AND COMMERCIAL.


THURSDAY, Sept. 20--8P. NJ
The autumnal activity which set in last week on the
Stock Exchange sustained with great vg'r. and each
day witnesses further advance in the leading specu-
lallye railway sharss Some, however, comparatively
neglected and those from the fact of their not having
moved yet probably better purchases than some OF
chose that have. Erie continues the centre OF attraction
aud experienced further rise of ~ per cent to-day
The resistance which the ssbears'' offer TO the natural
tendency OF prices very light, and there y more dspo
stion Outstanding shor contracts than to put
fresh Meanwhile the supply Of funds available
gor use on the Stock Exchange is largely In excess
oil the demand, and loans were made freely at four
per cent on CALL with exceptions at three and Ave per
cent Tho discount line Is quiet and Grs class
mercia paper Is in request at a Il per cent As the
first half Of the Clearing House certificates amounting
60 about twenty-five millions and half will be redeem
able tho Z5th inst, aud the remainder on the COR
responding date noxt month, not few persons have
been led believe that the Secretary of the Treasury
proposed TO avail himself OF the bhory conferred by
the act OF 1868 70 make special Issue Of legal tender
notes for the purpose This Is however, improbable
and unnecessary, in view OF tho large amount Of
currency at present held by the Treasury its balance
IN this city alone this evening, intending coin,
being 500 TAO 929 is becoming generally understood
that the redemption OF the outstanding fortydye mil
lions OF these certificates will contribute materially TO
preserve the present easy condition OF tho money
ket by stimulating the banks to extend their loans In
order to make up Tor the loss OF interest entaed
Tho Western ey markets remain moderately well
supplied with currency and bankers at Chicago and Cn
cinnatl have difficulty in meeting the claims OF their
customers while he OF interest current
At the open board at ten O'Clock the market was
strong and rather animated At the first regular board
It was active but generally at slight decline. Erie
fIn
day Cleveland nd Toledo X, Toledo ana Wabash x,
Mariposa --prele Trod ~ New York Central closed
n lower, Hudson River X, Reading e. CT, eani and
Pit!sburg 4, Rock Island X Northwestern 5prcfsrad
x, Fort Wayne x Chicago aud Alton Il, OHIO ana mis-
pssippi &C ricsies |, Canton X, Cumberland ~ West.
ern In ion Telegraph g. sleto stocks wero a'm' Ten
nessee sizes w6fo higher North Carolina new 6oad'
u Government aecuritiss were neglected, and INC
,raasa 'i0ns were insns ont 10 make Aioas,
At tho a65 O'CLOCK sessions Tie market
was strong and Erie ssld up to 1879
and Michigan Southern to 50. ~ ~ half-pas.
two board there abatement Of the spoosla!iye
spirit and Eric sold q, IN tB. 81, closing x higher
than al tho rs. regular board; New York Central Il
Michigan Southern, u Cleveland & Ptsburg, q;
North Western sS--preierrei, 4 For. Wayne, Al;
Chicago Alton, Il, ohio Mississippi Certificates,
q; Mariposa, lM-prelerred, Il Rock Island, Is.
Government Securities we're neglected out steady ia oae
There almost entire absence Or investment demand
from the public for them, owing mainly to the recent
heavy advance,
At the open board at three o'clock tho speculative
temper continued buoyant, and Erie advanced to
TIL. Rock Island sold at 11II Il; Michigan
Southern. s5%; Cleveland Pitts5urg EM - North
western preferred esh Afterwards Erie rose 70 T'sf,
and the market closed etrong. The quotations az
half-past Eve follows:-New YORK Central 1854
a H. Erie 7T5S Il. hudson River 1914 *, Readng
l15X ll6, Michigan Southern s5< X, illinois Cen
trail 1919 bid Cleveland and Ptshurg s7i& a. North
western 3656 a H-preicrred G7zS o3 Toledo li7k
Rock Island 11lts Y, Fort Wayne 1861 H. Qaicksl
yer 52a &c. Compound interest notes we're quoted
thus:June 1854 III 1f-1l July, ll6J5 x; August,
1Is a vi october lis ll5&; December, III ll4i{i
May, 1865, ll2A "; August llo4 Ill September,
1l04 -; October, LOOK 10.
Leading railway shares were quoted as under the
iraias