The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-07-17
FINANCIAL AND COMMERCIAL.
Me>D,Y. July l6-6 p. !

MANDA1, july 10 r. h
Tho stock market opened under considerable excite
this morning ami, Notwithstanding wall street lay
boiling in temperature i ID degrees Fahrenheit,
pnce, advanced rapidly aad large business was done
Speculation Is almost exclusively m favor Of a
use anu il we may Judge by the general
opinion the present movement will be q pro
ionsed one and eventful in the history of
the STOCK Exchange Tho great abundance Of monetary
facilities their probable long continuance assist and
al The time furnish basis for operations for
rss, and the bears have seemingly joined hands
asars..Yel speaking, with the 'ouils.
Al The early session Of the board Erie sold at
TAI - 4, New York Central 100 Michigan Southern
So -, Reading 1lo}. ilo5a. Illinois Central I2S1s
Z, Cleveland and Pttsburg $50, q, Cleveland and
Toledo ll0gs, Rock Island 9jfs, Fort Wayne 9szs,
Northwestern 81 a 36Ts preferred 6a1S 65x,
OHIO md Mississippi certificates 27A e,
Cumberland 1914 AN At the first regular board the
.aarSc; vas buoyan Erie closed :, higher than at the
same tiIac Saturday New York Central II, Reading
L. Michigan Southern lss, Cleveland and pittsburg M
Northwe,torn lstpreferred -. Cleveland and Toledo
l. Rock Island IA, Fort Wayue Ia, Alton and Tcrre
Hauto l. Government securities advanced in sympathy
with tie rise of hve-twenes The London Stock Ex-
change Coupon 6ve-tweniiss closed * higher--thrd
coupon skies tof 1851 "a. sesenhrly notes
lof the trsi series 4thrd seriesS.
steady 1t The hall past board prices in some in
stsuces showed decline OF 70 !. from the highest
point Of the day New York Central closed per
higher than the regular board Michigan Central
u illinois Central Il Ohio and Mississippi certificates
s. Erie closed II lower Reading a. Hudson River q,
Michigan southern y, Cleveland aud Pttsourg a North.
western }a--preerred II RocS Island 81, Fort Wayne
4, Government securities vera quiet Coupon Ave-
iwentes =. 1862 declined 70 third issue d Sevenhmty
steady. Coupon skies Of 1891 advanced u.
Attic omen board half past three the market
steady except for Now York Central which advanced to
"a. Erie sold at a =, Hudson River at u.s. Read
ine 0.a - Michigan Southern s3 70, Illinois Cen
ira T. - l237s, Cleveland and Ptsburg $50, Cleveland
Toledo ILL., Rock Island 81 Northwestern preferred
65s., Fort Wayne Is 81 99L, Western Union Telegraph
5aI Afterwards Erie suddenly broke to 701S then
covered y. and finally relapsed to 7oI With this
the rest OF the market partially sympathizcd but at
past i've O'Clock il hrm at the under
mentioned quotations:-New York Central 1914
a Er.c .oa. II, Hudson River ia Il, Reading ITO
a., Michigan Southern s2at a S. Illinois Central 123
- Cleveland and Pitisburg s4f. s., Cleveland and
Toledo no. r. Rock Island 96tz q, Northwestern
49,, ~. preferred 6iis IS, Fort Wayne $50 90,
QUO and Mississippi certificates 81. N Cumberland
as =, Quicksilver 81 4 x.
rne supply Of money available for use on the Stock
Exchange las been IN excess of the demand at
sive per cont, and important exceptions at six
reported but towards the close OF business few
balance, we're loaned at four Fra, class commercial
paper quoted at 55z per cent The statement Of
the associated banks for the week e1ding Saturday
last shows a decrease of 50 999 66 in legal tender
notes, AMI increase in all the other items
nameiy, in the loans 81 .6ss, COL in the deposits
81 $40 AZ, In the circulation S507,042 and in
the SPECIE s2,6s6,ais. The latter Is attributable
disbursements OF the Sub Treasury account OF
July coupons and in minor degree to the receipts
Of specie from California The details OF the present
noa Ias, nrey,ous statement are as undcr:-