The New York herald., 1866-09-27
FINANCIAL AND CONNER GAL.

FINANCIAL AND c0MMERC GAL.
wEpy sspAY Sept 26-6P n
The stock marhe has developed ncrsAsed saiDsscn |
and buoyancy today withsiandDg the inclemency
Of the weather. I'D rah~sy shar@ in particular wefe
ssrongiy in The ascendant -he month OF October mas
almost invariably Of stive speculation for
ss and there is notbng the cndition Of affairs this
ar 20 make Il an exception 70 thu rule while there
.o,ch 10 stimulate Q more than culinary demand for
.oeks The Western crops larger than usual, and
,here prospect Of exports being large in propor
,,on The latest English journals received here infoS
Ne that the harvesting Of the crops was In very y ck
ward state at that time and that large quantity Of grain
had been entirely lost owing TO previous heavy rains
The reports from various parts Of the Continent racudng
France are also similarly unavorablc MeanW lille none
sary affairs here promise 10 remain unchangS for
siderable time to come The banks are 60 far glutted
with currency that they not withdraw ing that por
on their temporary deposits represep led by Clearing
House certificates the inter upon VIZ ch ceased yes
serday Loans to the stock Exchange are offered freely
al four per cent mud the dca ers in governmen.
securities ara enabled supply tho nseves 2H
Prime commercial psper is in regy est at per ceut,
bot there ID much Offering The Western m oney
markets are moderately easy, tn ere is as much
reney returning the We9 as is being sent there
srom this centre.
At the early session Of tss open board the market wac
very Arm, with especial buoyancy in Erie, which ad
yanced TO 10 At the fst regular board IL strong
ana active. Eric sold, up TO 1917, closing 12s higher
shan theiame time yesterday; New York Coap'. -
Reading r. Cleveia.d and Toledo IL, Re- is"ha 20
Ohio and eissiepri certificates h, o"oNsNei q, eua
ton v, Cumberland lsa MaripSe a. iao'uo nan was
* lover Maripcsa prefe,srd "a, western oh'oh Aee'
rraph Il Bank sters are Arm, and continental soid al
1oa. Eenr,b Narf,na lo8yS State stocks steady
49,, 90 Mans NJ ha ovv isau
North Carolipe bonds showed an advance Of u.
6ovsrnnent securities inactive but steady tone
Pyewenties and sold st the prices current
yesterday morning Sevcntbry notes OF the first and
second series declined u.
AT tho one o'clock session Of the open board
there wac no material change either in prices or
tho speculative temper Enc sold at Tx, Read
ing lllss< Michigan Genital 1l3 Michigan Southern,
S5A, Cleveland and Ptasburg tb. 81 s73s, Rock
Isiand f2s Ohio and Mississippi certificates ID 81 2s,
Quicksilver 6S&, Meripsa l4la-preferred S2A iS,
westorn Union Telegraph 562S, Cumberland 54x ".
There subsequent session Of either the regular or
xhe open board owngo the adjournment Of the former
% attend the funera or member, Mr. e. Dupre and
that Of the latter in consequence OF tho death Of men,
bor Mr. s. Josep,s. The market in the lower hall Of
the Stock Exchane, however, remained strong and nc
tive with the exception Of further break in Marposa
preferred, whichsarricd il TO 80 n in the midst Of
sell C0nsucrablc cXctemcnt Inc Stock
Afterwards raio, however, to 32a 1s Tie demand for
che leading railway shares very brisk up the close
OF business urier which prices improved and at half
past five tie quotations current follows New
York Centrala0s u x, Erie 7716 u, Hudson 122 "a
Reading 11gl a. Michigan Southern sb3s u, Illinois
Central I2a Cleveland and Plttsburg s7M 4, North
western ea4 3s, preferred 6sl4 y, Cleveland and
Toledo 12a Rock Island 1l24 II, Fort Wayne 1905
n Ohio md Mississippi certificates 2oS Il, Canton "a,
Cumberland 54ls Us. Quicksilver 53ss 81, karposa
lax . a, preferred 90 X, Western Union Telegraph
5021 a57.
There very little doing in compound interest notos
hut foI the information Of holders outside Of Wall street.
We append the quotations which current among
Che leading dealers this afternoon June, 1864 117h
h July. ll6al III August. 116A x; October, 1l5A
n; December, 1lii4 a; May 1855, 112ls y; Sep.
ssrber, tlo1s u; October, ITO a Il.
The gold market strong, and advanced steadily
from 1a4ss at the opening to l45A, after which II
declined to 1451S, the closing quotation. There
moderate borrowing demand, and loans
made at 132 1l6 per cent in favor OF the
lender The steamers City Of London, from Liverpool
and Hsasa, from Bremen, reported to have brought
t211 900 in specie, previously advised by Telegraph
Some parties SIN urging the Secretary Of the Trea
TO se some Of the gold In the vaults 10
anticipate tho payment OF the November coupons, hut
ts underEtood by the best Informed The subject that
he declined doing either. In this determination, IL such
be- he Is quite right and II he any other he
would be quite wrong Neither the needs Of the govern
en of tho public call for any sale Of Treasury god
yet for any prepayment Of interest and it would be
grave the par Of Mr. McCulloch yield to the
solicitations Of spectators by doing the the other
What the public Interests require most in the currency
Is stability OF value and the cannot interfere
with the gold market without promoting fluctuations in
which would upon the currency and prices gen
orally
The foreign exchange market continues strong, and
there are very few bills Offering Some Of the bankers
advanced their drawing for bills al SIXTY days
England 10 1881 to-day, and those at throe days 10
aosj1 y, but among tho brokers the rates AZ
lower Good commercial bills on England were quoted
at 1o6k a107A
lie imports at this port continue to exceed the
ports in value at the rate Of about three millions week
I'm currency and the shipment OF securities has ceased
except perhaps iu small enouns The total gold value
Of the imports aimee the LIST OF january s this port
e2al, s4207, while the exports aggregate in paper
money value only tlsa, alt Bills drawn against
coston have almost disappeared from tho market owing
90 the light shipments, influenced by the limited
stock on hand and the prospect Of the next crop
yielding only sbout amillicn Of bales
There s somewhat general complaint OF the scarcity
sf small notes. and the Secretary tho Treasury, Is
ssported from Washington has been applied retire
certain amount of $50 ana 500 notes. and substitute
sherefor notes OF this denominations OF 81 S. $40 and
SO respectively We ssss objection 20 this
change 10 the public oonvsoonc, requires It. for
rency fails In its usefulness fcosiei printed incon
verient SUMS and the Us adapted for general
Hrculation the better The prcpd cn Of large notes to
small should be light order To- carry DOT the purpose
Tor which money, either In tb,, form OF coin or
paper is intended Small notes invariably
rirculae freely than large ens Il 10 true but u
aha currency exists s better to have u In shape 70
cirrnlae freely than otherwise Small notes tend 10
-quaze prices than large ones for tho latter
moro useful 70 capitalists and spec than 20 tho