The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-09-20
FINANCIAL AND CONNER GAL.

"WEDNESDAY Sept le-6 P. w.
The stock mark 81 maintains ITS upward tendency and
xhe volume OF business Increasing Erie has boon the
chief object Of speculative interest to-day and II rose
avo per cent Michigan Southern IS active, bat some
ssapponment expressed al the absence OF promised
dividends and the reduced earnings Of the road Rock
.ana remains rm but the general opinion is that the
siock has been too much ''wstered and confidence in
q is not worry strong The company have made a sus-
ptcousy grand advertising the usual I'VE per
cent semannus dividend in advance Of the usual time
me transfer books will be closed the Goth inst and
reopen on 18th OF October while the dividend will
DO payable on the 10th proximo.
Money is becoming drug Wall street. and the banks
aud private capitalists have been Offering lend freely
n four per cent, while governments made
IN not q few Instances at three per cent The supply
Of oansble funds increasing and the demand Is
psnavely limited There Is perceptible increase IN
She quantity OF commercial paper offering, and the bos
grade is in request at a n per cent. The Western
money markets without any important alteration but
the supply of funds is generally reported on the in
crease, while the demand from the mercantile conmu
atty light At Chicago exchange New York Is rather
for the season. but tho bank counter rates are
slasdy at per cent discount buying and par selling
Al the early session the open Stock Board the market
nrm and at the st regular board il displayed in
creased activity, but without any material change Of
same time yesterday, Erie u, Michigan Central Y,
Michigan Southern u, Rock Island ~ Toledo and Wa
bash y, Chicago and Alton " Quicksilver Y, Canton
1L Mariposa z-preferred A. Western Union Telegraph
N. Reading y lower, Northwestern K-preferred
H, Ohio and Mississippi certificates g. Government Sc
oures inactive, but steady Coupon 1ve-twenties
81 1862 lower seven-thity notes Of the second
series 4. State stocks rm Tennessee SKIES new
sold up 73,s but Afterwards fell back to TN North
Carolina bonds, new, advanced Ia
AT the O'Clock sessions the market
nrm, and Tennessee skies sold at 70
At the half past TWO board prices were well
maintained and Erie was especially strong, closing
higher than at the FIRST regular board. Micbi.
gan Southern 4 higher Cleveland and Pittsburg
n, Toledo and Wabash ~ Marposa preferred y, Tennes-
sse skies 4. Reading was 4 lower, Rock Island ~
Chicago and Alton u, Cumberland u, Western Union
Telegraph ~ Government securities remained inactive
and the amounts sold insufficient TO make quota
uons.
At the open board at three o'clock the market was
Auoyau and Erie sold up TO 75,S d. 81 Michigan South
sfn $50, Marposa pr eferred $685. Afterwards the
speculative feeling continued strong, and at half
past i've Erie strong at log H.
New York Central 107 ~ Reading 115sl r. Michigan
Southern Sc a Il, Cleveland and Pitlsburg s7A a II,
Cleveland and Toledo l17h " Rock Island Ill u a.
Northwestern 3ok X-preferred osk a. Fort Wayne
1865 Y, OHIO and Mississippi certificates 2SM 90
Canton "a IS, Quicksilver 524 3d. Mariposa preferred
s2k SO, Western Union Telegraph 57% *. Com
pound interest notes were quoted underJunc, 1894
11o7S NIX; July, lle,S "; August, 1loI lloh;
October, 1l41s l15H; December, 1874 ll4h; May
1895, liz a Y; August, 11os u; September ITO a ii
October l0okaA
The gold. market firm, but quiet although tho
supply Of coin for delivery than Il has been
q late. Loans were made at $50 1882 per cent per
lsm In favor OF the lender. The opening price was
lAok, followed by a decline to las and subsequent
recovery TO l45. After this there q dull feeling
among the operators, notwithstanding the slight decline
n hvetwcniies In the London money market on Mon
Gay afternoon, and the closing transactions were at
iASH The prices American securities and consols
Engand according 10 recent kilograms, under