The New York herald., 1866-07-21
FINANCIAL AND COMMERCIAL.
FRIDDAY, July 20-0 p.


or speculation which floats around the Stock Exchange
l. dsgused the duness which stealing over the
market after the recent dogday fever and there is
general complaint in consequence. Tom Jones,
the tailor, wanted to make thousand dollars more
and repair 10 Saratoga Bill Sykes, tho retired
bartender, had trusted to his luck and entertained
hopes OF visit to Newport at the expense OF
wall street. Jeremy Didder, the scapegrace OF the
family, had entertained the project of rccuperang his
decidedly fallen fortunes IN similar manner Mr..
Sprggs the ambitious clerk, salary of nothing worth
mentioning had encouraged the vain hope Of converting
himself into millionaire sab roSa Mr.. Nobody, the
commission merchant with definite income capital,
aud indefnhe liabilities had regarded Wall street the
direct road TO fortune: but is for the time being the
point Of changing his mind II is right to say that
numbor Of vulgar, commonplace individuals willing to
sacrifice everything to Mamnon, and lick the boots OF
whoever would show them how make a thousand
dollars, have been similarly disappointed and are now
whsng hguratively speaking, to raise the wind.
There Is no reason however, why the unwashed portion
Of that strange human element yclept "the street,
should despair The tide Of speculation and riices
is rising, and those who not financially
drowned viii be likely to mount to higher pitch
OF fortune provided they be the right side Of the
market than hey could have hoped TO arrive al
through selling clothes in Chatham street cigars
in Broadway, Notwithstanding all the persuasie eo-
qucncc OF a tongue with Tcutonic and the ad.
tnirable proportions OF hooked nose.
At the early of the open board New York Cen.
tra sold At loG, Erie 65si, Reading l1Oss, Michigan
southern S2M. Cleveland and Ptsburg s4S, Rock
Island oTH Northwestern 36-preerred C47s Ohio and
Mississippi certificates 2s>s 5S Canton 5s Il, Cum
borland 461s %. At the first regular hoard
Ere closed x higher than at the h7lf 81
two board yesterday, Rock Island IS, For; WAYNE
~ Oh aud Mississippi certificates II. Reading
was u lower Northwestern h-pre.eired ss. GoT.
crnnent securities were somewhat heavy under
sales 70 realize Counoa Eve twcnties Of 1s6,
h lower than at tie same time yesterday, third
issuo u, cn-Co.aes =, seven-thiriy notes o. the
first series "a Third series II. The proposition in the
franca bin to exact from tho holders Of the latter
fonr months notice Of their intention convert them
go lvewenties exerts a slightly depressing influence
and the discrimination is regarded equivalent 10
breach OF faith but the option OF taking bonds at
par instead Of currency promises to be of very
limited value there is active opposition to the
sure.
Az the one O'Clock session the market steady and
dull At the half past two board It exhibited new
feature Eric closed u higher than the first regular
board; Hudson River X. Reading ~ Michigan Southern
4 New York Central y lower, Northwestern az
preferred ~ Ohio and Mississippi certificates u, Western
Union Telegraph y. Government securities dull,
were y lower. The original issue of ve-twenty bonds
has been we'll sustained under demand from the Ger
bankers
At the hapast three open board prices highor al
though the volume continued light Eis sold
at 65, Reading 11o6, Michigan Southern $685. Illinois
Central 11o, Cleveland and Ptsburg s4, Rock Island
9TL T, Northwestern 35A-preferred 65K a Il, Fort
Wayne 99sl. ohio md Mississippi certificates 2sa. Ar
forwards the market closed du but stcndy and at half
ras. Hyc New York Central quoted 1o5 u. Eric
65ss Il Hudson River 1l511, Reading ITO q " Mchi
gan Southern 81. H. Cleveland and Pittsburg s4a4
IS Rock Island eTs. &, Northwestern s5ss 2-prc-
ferred e4S x, Fort Wayne 0oS ~ Ohio and Mlssis
sippi certificates 2s1 as.
Tho demand FOR from the stock exchange Is mod.
esseIy gh: and promptly met at Eve par ccnt-with
exceptions four. First class commercial paper
offered amount only and Is generally taken
al SIX per cent. the extreme range being 5ka7
The speculative feeling in the gold room is tame and
there has been OF late barren uniformity about the quo
tons which has discouraged operations either for rise
fall The supply OF coin for delivery is daily becom
ing scarcer and loans made to-day mainly at 1924
per per diem In favor Of the lender Of the gold with
exceptions high as x and as low as per cent.
The foreign exchange market has been extremely dull
Rankers bills England AT sixty days werc quoted a.
100 4 three days. l16 y; on Bremen, 7sk 79 ON
Hamburg, 81 a n; on Amsterdam. 4o1z az.
oleaginous stocks continue slippery and unsafe, and
mining represent future fortunes too remotely to
command much attention. The transactions in both
aggregate but very Insignificant amount and we advise
the public to leave them severely alone Gold silver
aod copper mining will undoubtedly be ultimately
made profitable in this country, but Meanwhile
mushroom crop of stocks win be marketed
merely for speculative purposes. These will
awclI the already stale list OF stocks originated
by swndlng petroleum brokers' who ought in not fey
eases to be at Sing sing instead Of at large; an. ,
must he fools indeed who be viciimized ..-o,.,m
pericncc Of the past. Most OF the " -. ,v.v ,ha,
stocks have however, pcrishea IN 'ne nd outbv sboo,
tao Mutual Coal Company swinaie
public neglect. OF Run oil closed soc lo~er
Al the INST ooard yesterday, Bennehor Run 80 So
'aan a. inc sagard BcnnchoT Run closed .3oc higher
:" INC Vhc first board, selling SIS 55 Brevoort sold
s2, United States 81 81, New York Gold 81 l5 Kipp
\ Buell. 81 35.
The business transacted at the Sub.rreasury in this
city to-day follows
Receipts. ...... 81 2s5 o6s For customs ~ s3sa 900
Payments 926052 Gold notes. 307 900
Bslince. ..ol, ,os3, l5o
finally appears, after good deal OF msreportlng
t the finance measure passed by tho yesterday
,sno loan ti in any way, and ITS introduction In the
Snate seoms 10 have been intended by Mr.. Sherman
matter OF fact Reputation Of the original bill
Introduced by him than for any other purpose. II
rnakcs no provision for funding loan but requires
hodcrS q nthlrtynotes give four months notice
before maturity OF their intention convert the same
into nveAwenty bonds in default Of which the notes
Will be redeemed in currency. This will necessItate
very easy money market, which will be lkey
% keep the funded securities buoyani. The bill con.
tlns some minor provisions, OF which requires the
Treasury 70 sell all is gold In excess Of fifty millions
IN the opon market in this city II also provides agains,
Nfnlo .r
beag held n interest bearing after the of
uary ncxt-a dato too distant to exert any Immediate
c1,t, upon monetary Affairs.
Tho new Tariff bill introduced In the House nv thu,
shorsghted protecuonis Mr. Morrill, intended 10 In.
crease the from ten to twenty millions