The New York herald., 1866-09-02
FINANCIAL AND CONNER cIAL.
sayURpAy, Sept .1-8 p. M.

SayURDAy, Sept 1-6P NJ
The stock market was heavy and unsettledat the COM
OF business this morning, and tho nam
ersd II TO their feeble ability but withon pro-
ducing much effect upon prices, and when some OF the
number afterwards began to cover their shorts the
reaction was very decided Had 1t not been that
many Of the bulls favorable TO q fall for the
sake of encouraging the short interest," and buying
At the Decline the slight fall OF the last two or three days
would have been impossible with the present monetary
facilities at the disposal Of the Stock Exchange
large portion OF the temporary deposits which matured
tho 26th ult have not yet been withdrawn from the
Sub Treasurer, owing TO the difficulty Of employing
ospita. Loans to the stock houses freely at
four per cent and first class commercial paper passes A
a per cent
At the carly session Of the open stock board New York
Central sold 1924 Reading ll2I Michigan Southern
ssT, Rock Island 10sk y, Marietta and Cincinnati
rst preferred ex dividend A. Northwestern 35H X
preferred 81, Fort Wayne 1osH, Spruce Hill Coal d.
AZ At the first regular board Erie closed u higher
than s the same time yesterday Illinois Central K;
Toledo Wabash and Western l. New York Central
closed lower. Reading e, Michigan Southern r. Rock
lssnd;x, Northwestern x-preferred l, Fort Wayne n
Ohio and Mississippi certificates u, Canton Y,
Cumberland y, Missouri SKIES l. Govern.
msnt securities firm. Coupon fve-twenties
of 1852 y higher, second issue u, seven-thirty
notes Of the rs series ~ third series K The second
series Y lower Tennessee State skies new were
& lower
After the call the market gradually strengthened under
purchases from the bears .'cover their previous
sales Government securities, however weakened At
the O'Clock open board Erie sold at TEX " Read
ing 113 y, Michigan Southern a. Illinois Central 123 ",
Cleveland and Pittsburg SEA- a Y, Rock Island 10sx,
Cleveland and Toledo 1l5, Northwestern 35x X-pre-
ferrsd o. Fort Wayne 1885, Marietta and Cincinnati
preferred 42k. Afterwards the market remained nrm
but quiet there being later session OF either the open
regular board. At half past four New York Central
was quoted at 1927 Y, Erie TAX y, Reading 1l3k
AZ, Michigan Southern SAX Il, Cleveland and Pitts
burg s8% a y, Northwestern 35A 36-preferred SIX
y, Rock Island 1857 los. Fort Wayne l0a Y.
Cumberland 46a< 47h, Quicksilver 6o,z a Y, Canton
52K ass
meeting of the Milwaukee and Prairie du Chen
Railway Company is to take place Tuesday next,
when certain propositions affecting the first and second
preferred stockholders to be submitted The latter
1t is TO be presumed, WILL before they accede to them
ascertain they to receive in return from the
company
Tho gold market opened at 1l7 but, under a pressure
to sell, it declined to 145x. 1t afterwards became
steady at l45x. There a moderate borrowing de-
'nAnd for coin, and the rate paid for loans varied
from l1e TO 4 per cent in favor Of the lender Tho
disposition Of the large holders has thus far been
assist the downward tendency with view both TO in
the 'short' interest and buy In at the Decline
preparatory TO a fresh upward movement The market
seemed 70 have touched bottom this afternoon and there
10 every likelihood OF . sharp rally succeeding
~ the premium is now below It's natural level,
whom We consider the limited supply stll
remaining in the country, the large preponder-
ance Of import over our export trade, tho
demand for customs duties and the contingencies arising
from shree hundred and hfty millions Of American
custes being held In Europe 70 which subjected
The sporadic movement Of specie from Europe to this
country which Ia going forward does not improve
position In the least II 10 consequence Of the
large speculative shipments Of hvs-twenties from
thb side which have been made recently and
which will be likely to moro or less glut
che foreign market for them, also 70 the
arAca depression produced In consequence the rates
Of exchange The telegraph informs this afternoon Of
further shipment Of fl5s 900 BY the China from Liver
pool making total Of xA7So0O. "a s1b 900; but
we are not greatly mistaken this and much larger
sum In addition will have 70 be returned TO
Europe very after its arrival. Even while
we arc receiving specie from Europe We are
exporting IL thither, and the steamers sailing
from shs port to-day took out $2o6 2o3; namely, the
Tsutonia $751; 2o3 and the City Of Paris $5s oo0mak
isg for the week, s30ss1 The driblet from Europe
ssnt by spectators to promote their own speculative
purposes hardly worth considering in comparison with
the export OF than ffty-one millions which has
taken place from the ports Of New York and Boston
ucs the beginning OF May, and the details OF which
a under:-