The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-08-16
rRANcIEA ND 6oMMERo'Als

mere has sssa tuoyant uazkst FOR gold today In
opsuced By the thrsatsupg aspect q European aszs
Nss between France and Prussia implies struggle 20
Untic and Of such uncertain ddaon that the hrst I'M
y@ln Of men who believe n Imminent and have large
fsisn Indebtedness TO buy gold 10 guard against pos
sshss contingencies And hence - The attitude Of
Prince becomes more msnacins their fears will increase,
sAd there VIII bel corresponding demand for gold to hoard
= anticipation Of higher premium and In the event OF
sosrmsn-French actually taking place there would
- danger Of rapid advance In which no effort OF the
Treasury could check, for has not gold enough to
check II WITH and would be nexcusabiy bad policy for
% 10 attempt to do 90 even had Tho effect Of Trea-
suy gold sales would be only transient and aer 1t
ceased selling the premium would rise all the higher be-
eass OF them and the consequent weakness Of the gov
ernment Moreover forced depression Of the premium
stimulates the export Of gold by making IT, profitable
xAsrs 10 little probability, however, OF the
government selling any Of its present scanty
More OF coin, for II had only SA, 94o in
~ vaults on the Let inst and this with the amour.
Asd by the banks OF this city the nth inst namely
osl2l ,2os-amouuts 10 500, s43,156 This is small
when take into consideration the fact that the
sntre country including the South, has been drained OF
specie, and that have shipped 10 Europe since the
ID OF May last, fifty millions Of specie and bullion in
sxsct figures, up to last Saturday, $4o,9l4,469
Hence the present scarcity of coin for delivery which
sAusod loans to be made at 832 n per per diem
This scarcity is doubtless increased by the force Of
snscrupuous speculative combination which seeks TO
enhance the borrowing rate and which probably can
sasiy do by calling In its loans: but without lcgiti
mate basis 10 operate upon, all speculation would end in
disaster 10 the adventures.
The opening quotation in tho gold room was 1904,
followed by advance to 1874 and a subsequent re-
action to 1904 The market, however quickly re-
covered, and the latest transactions were at 1914 Tho
steamer Tarfa took out $50, 900 in Mexican dollars
Tho stock market displayed stronger tone than yes
ssrday, and, although the volume OF business was
lnited the tendency OF prices was decidedly upward
Inc extreme abundance Of money and the prospect Of
pgolonged for long time to come strengthen
adence in values and induce expectations of higher
prices The Treasury commenced the disbursement of
$40 900 of interest the Ers series Of thirty
notes to-day, and 10 has given notice that interest
VIII cease on the Eve per cent temporary deposits
the 2oth instant and meanwhile II is ready TO y
shem or There Is increase OF activity In the discount
Nne and commercial paper sought after at
Sa6h per cent, but in consequence Of the semsagna
SION Of trade the supply is limited The demand for call
Soans from the Stock Exchange 10 inadequate TO absorb
NE supply of capital offering, and large amounts have
been loaned every day than week past TO tho
Dsadng dealers in government securities at three
cent but the general rate to frstcla houses is four,
With exceptions TO weak ones AZ five.
Al the early session Of the open hoard New York Con.
ssaa IA 81 sold at 104ss Erie r. 81 co., Michigan South
IN g. 81 s5H, Rock Island 100, Northwestern 3js4-
preferred 8oX y, Fort Wayne 104 ~ Ohio and MIS-
ssippi certificates 29 Al tho first regular board the
market was rather irregular, but its undertone was
sseady Erie closed = higher than at the half past two
Board yesterday Reading e. New York central was q
lower, Rock Island u, Northwestern u. Ohio and Ms
sssippi certificates u. Government securities
6's NJ AL five
~ 1862 ~ third Issue y, tcnfortes r. sevcnthiry
sotss Of the Srst series ~ second series =, third
series y.
Al the one O'Clock sessions the market
nm but quiet Al the halfpast two board
ehere Was general Improvements apparent In
prices although there material increase In the
volume Of business New York Central closed y higher
than at the first regular board, Reading a. Miclgao
Soushern X, Northwestern u, Fort Wayne I, Western
Union Telegraph 4, Tennessee SKIES, new, H. Govern
mont securities were arm, Coupon advanced
"A axes or ~ seventnry notes OF the hrsl series
n chi I'd series r. Al the open board at three O'Clock
me market continued 10 gain In strength Reading sold
a ll4s., Fort Wayne losK. Michigan Southern $50,
nsck I.I..s I0o<, Northwestern 3o-preferred 67,s,
western Union Telegraph 80. Afterwards the market
sossd steady and at half past Ave tho quotations
Few York Central lo4,s 1oS Erie Ga Y, Hudson
naver 10Y 1907, Reading ll4k q, Michigan
sDsshsrn sSk y, Illinois Central l22 ~ Cleveland
md Pttsburg SIX Az, Cleveland and Toledo llSx
M, Rock Island l06S a ". Northwestern 351s 80
eEseerrtd 079l u, Fort Wayne los e, OHIO and Mis-
H@ippi certificates 2ox n, Canton 81 ~.
Mining stocks were quiet Al ne FIRST board Ameri-
- flag closed 1oc higher than At tho time yes
ssdsy At the board Consolidated Gregory Gold
csossd 3oc lower than at the nrst board selling At
o17 rs. Benton sold Mt o. IS Holman Gold s7c,
Onion Gold 81 Downievilc Gold 81 20, GunneI Cold
n o. Lebs &c. Webster l5c.
Tho foreign exchange market was quiet but steady
oankers' bills England sky days quoted at
Ao7. . 1os three days lo9ah.
ne exports exclusive Of spece) from tho port Of
New York for the week ending August H. and since tho
Of the year, compare follows with the
corresponding periods in 1904 and 1866
1894 1895 1869.
Vos the week 49, $ea83 $40 - s94,4T9 s., COZ Isl
Prev. reported. l2.2ps,'5o p233i,33o l2242ss2s
Since January si2I, 7e26s2 500 22s $40 si25 ore
The imports for he time compare As follows
1864 1862 1S6S
DIR goods .. S230l s3s sso0934s s22o7, los
0sn. merchandise. 2,24S,21s 2,as5,oio 2,29l.0i