The New York herald., 1866-08-30
FINANCIAL AND COMMERCIAL.
WEuyR2nAy Auo,pet 90 "a ID


open board being ciosed to-day the business In stocks
has been light but the time it was larger than IL
was generally expected 30 under the crcu
AS the lower hall Of the Stock xchange closed the
group OF brokers operating had 10 content themselves
with tho Sidewalk The market for railroad shares
opened and closed with q very nrm tone, and at ten
O'Clock Erie was quoted at 741s u, Reading 115 u,
michigan Southern s5H a Y, Cleveland aud Plttsburg
H1's 8, Rock Island Ito a u, Northwestern 81 "
preiered 6sS u, Fort Wayne 1861 ~ Ohio and
Aiasisaippi certificates 29Ka ", New York Central
tO3I l04h, Western Union Telegraph 5S1s u. At
Aweve o'clock Now York Central vas l04 y, Erie
aSX "A, Hudson River liSk l2o Reading 1l5A
, Michigan Southern s5s bid, Cleveland and Pitlsburg
e7k u. Cleveland and Toledo 1l6h 1l6, Rock Island
fl0 Y, Northwestern 3SX a 3T-pfeferred osx
X, Fort Wayne 1851 u, Ohio and MssIs.
Hpp certificates 29x ~ At one O'Clock the
prizes current New York Central IO4 ",
Enc 73N a. Michigan Southern s5k 4,
Illinois Central l2SSs y, Cleveland and Pit,sburg
e7h n, Rock Island Ito ~ Northwestern 3eX a
3fx-preferred es1 *, Fort Wayne 1054 a " Mart
posa preferred 27x e. After this hour there were no
raosactions sufficient 10 constitute market Govern.
ens securities active at the of tho lead
fns dealers, and there spasmodc upward move.
qent In dvo-tweBties OF the 1854 issue which carried
hcn' TO il3X after which they declined 1l2haH III,
se Was influenced By report that these bonds had been
admitted 70 the London Stock Exobanga but the ruth
b this Afterwards doubted and honce the relapse
Ppecaators Tor rise, heavily loaded with fvewenties
pe eudeavoriDg through their foreign agents get them
Introduced the Paris Bourse aud the second issue In
Ehe London Market and hence telegraphc statements
Regarding them 10 be received with caiion the art
of lying being considered accomplishment in
Wall street. The latest quotations Fvetwente o.
sf is62 ll3x 5s second issue Hay ll3 third
Msfl. NJ
She hna series 1914 u, second and third series
l005a "
TIE extreme ease in money is highly favorable TO
yss every dividend paying security, and consequently
Shos stocks which have not yet responded it will DO
skey do so while those which have already advanced
excessively viii be comparatively neglected
Ihere very ta done In either loans discounts
the willing lend az rpes cont on call
and the rate for first class commercial paper remained
stady at a per cent The supply Of the latter i
Omitted Notwithstanding the Increased activity trade
II Pine gold market rather from It's opening
At halfpast ten ti one O'Clock when 1t nj.
tourned In accordance with the resolution OF yc-ter.
day The earliest transactions wore at 14s4
from which there gradual decline
10 iss al hsfpsst Twelve II subsequently recovered
70 las a, and closed at l+s5S. There moderately
ysn borrowing demand for coin, which supplied
tl1 q IN favor OF tho louder. The steamer Cuba
pom Boston took Out only 1000 specie while toe
Bssaria rom this port took
q Tie foreign exchange market was inactive Bankers
Bills sxty days were rated second hand at Ioa X
put tho loading drawers asked l07 u. short
Aght biIs l0e% 107s among the brokers
Pis Antwerp nominaily 6i. sec. ST. 32s4c Oh
swiss banks 81 s0c a 81 $3.50; Hamburg IS x;
pn Amsterdam 80 "a A Frankfort 394 4o4; on
Berlin Prussian thalers 6sh 10. Bremen rs 10Y
ne I.urr In Ina af IA tha
Nnomaious commercial features II the lime aud Ia due
- stated q former occasion, mainly to the
unusually heavy speculative shipments OF
securities which have been made since the
8ntie telegraph has bean operation. This last
tsdsd 10 the termination Of tho European war, ha0
olscn temporary impetus to the export Of these, and
ths bills drawn against thom have beog forced upon The
Vnstct for Al the time credits been
tuaed in Europe, In many csscs by telegraph, without
- patics concerned this side having to 60 through
N usual process Of buying selling bilIs Thus
joan Joues, Of New York, may have had a thousand
po,nds owing 70 him by John Saith, Of London and he
ensy hass been indebted IN that sum- more or lose TO
tosn Robsnson Of Manchester. John JONES' therefore,
70 tms teegrapbs order 70 his debtor London
- pay amount " his creditor In Manchester and
b consequence Of this transaction the influence Of
7osn Jones Is not Immediately felt in the New
York market for foreign exchange, unless by
scss,n OF his absence from It. Ultimately however. the
esoll III be the the cable had not been laid
y fAr our legitimate foreign trade is concerned for
kssiter how exchanges effected II there bal
mo against u shall have 70 pay Il That
h. rates of exchange would have ruled far
klier but for the export OF bonds y
Ssnlnt from the export aud import returns
n ;is port since the beginning the present year
wliic The imports up this week we're valued at sos,
1Jl s3- In gold the exports valued only $780,
~ 2la Allowing for cotton exports from Southern
Dnrts tho so.cied balance Of trade must have been
Sxcly against US bat the Of about three hunlred
NJ Gy millions securities being held abroad
n,ians why exchange has ruled low, at exceptional
heryals, for Ions time past
we zee Il announced that a convention Of the national
Ssak managers OF tn North .e win be held IN Chicago
q tho l2ih Of September neKt II Is understood thal
b object Of the convention will be TO pass measures
mich az. Intended protect the West against the ra
Kacity of the East particularly Wall street, well
p 70 discuss large variety Of topics including tho pay
men, oa interest on deposits and the redemption OF the
kl,ona bank notes Tho scheme 10 compel all the ma.
houei sanks 20 redeem their In New York Boston,
q Phala6epha will be debated. bat Of fom
IN cIposits stand point TO that taken Dy tho banks
Af this csty
a Te cxp1rn excinsive Of spoce from the port Of New
Tprt for the week ending August Is and snce the COM
6suceuent Of the year, compare follows with the
bsrre~pondins periods In 1894 and 1885,
= 1894 lseo. 1896
's .ss.s sss. i.:s s.sess.s sss ssssss
kus, January, siss $40 "a oasss Osa sisO asO no
The imports for The time eompAse az foilows'-
ay .::.sy %. .ss.sse. - s;fs
~. sn.rchsnalss 4 T,V 3oI Z.ss3.s18 2lsJ,303