The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-07-19
FINANCIAL AND COMMERCIAL.
WEDNESDAY,, July 1916 p.

WEDNESDAY,, July 1S-6 I. NJ
Tho stock market has been steady to-day, and the
tendency OF prices il upward the same beng assisted
by the extreme monetary The tropical heat OF
the weather seems hardly exert an adverse influence
upon the speculative tide and the motto OF the street
il iii, Excelsior The fellows on the street are all
slong but youth representing Longfclow accord
fnr 10 the poem. has yet been met with Excelsior
Is nevertheless the watchword, especially OF the ame
ducks anxiously watching their opportunity
a. make "a turn"
At the early session or the open board Erie sold at
65T x. New York Central 1902 Michigan Southern
s3 Illinois Central 1873 Cleveland and Pttsburg s4s
Rock Island 81, Fort WAYNE %, Northwestern 36sS-
preferred 6574 Canton 521l Western Union Telegraph
5S.. At the FIRST regular board the market firm.
New York Central closed q higher than at the
hiatt past board yesterday Reading 4, Illinois Gen.
trial l, Rock Island q, Michigan Southern q. Fort
WAYNE - Northwestern preferred ~ Western Union
Telegraph u Erie \ lower Cleveland and
Pi,sburg u, Atlantic Nail =. Government securities
dun and under the decline OF hve.twentics in Lon.
don the 7h inst TO 66k 81 the issue Of 1862 sold at
i0I ssyenthry notes steady. Coupon Ave-
trenties Of the third issue x lower.
AT the clock sessions the market firm al The
half-pas two board 1t strong. New York Central
Z hghcr than the first regular board, Erie Il
Cleveland Pittsburg a Rock Island X Northwest
preferred z, Fort Wayne T. Western Union Tee-
graph Y over Government securities were inactive
AMI here wa no transaction in them excepting slight
seven-hry notes Of the second SERIES which de-
ciued i.
A. the hafpas three open board the market continued
stross. Erie sold at 66ss 661, New York Central
1857, Mch Southern SO a S3ts Cleveland and Pitts
burg 81 Rock Island e73s, Northwestern 36l-prererred
a5A Fort Wayne o9ss, Cumberland 461a, Canton 521s.
Afterwards TIL market closed steady the quotations
hait past five having been under;-Ncw YORK central
1873. 1885 Erie 65,s 65ia Hudson River ia s.
li5 Reading ll0lS Il01i Michigan Southern So s3'i
Cleveland and Pitsburg 81, s., Rock Island s7js
D7aa, Northwestern 1868 36il-prcfcrred 65s G51,
tou Wayne 99tl 09h
Money continues abundant al FIVE per cent with few
ert onal loans four Tue discount line easy and
hrs' class commercial paper passes at 81 per cent
Tna Treasury disbursements increasing supply OF
iolnibc funds al this centre.
The gold market slightly depressed by that
Pru,ss aud italy had agreed armsticc with AIS.
trs anu the opening quotation 1895, from which
point there decline 70 49, followed BY recovery
I, t5oz aud relapse % 1874 At this price
there waa disposition 70 buy and the market closed
6r li9ai x. Loans generally made Hat, the
exception. which /. per cent for carry
ing The shipment OF specie b. this days steamers
aggregated 1851 900 OF which the Cuba from Boston,
COOK 1913 00o and the Aeppo, fro this port $4,000
talcisn exchange inactive, and the rates
nouiaal. Bakers bills England at sixty days
quoted 100 4 short sight 1l0ll x. There is s
considerable degree Of distress among the drawers
Continental cities, and the general opinion among the
os the German houses is that il the
Ensopc slld My terminated 1t would tend TO advance
the pce of gold by Withdrawing the prospect OF ncreas
ed OF breadsturs in consequence which we at
present have in Wow. Their opinion respecting the
duration Of the waris howe, that il will be prolonged
which shall be exposed contingencies that
may thai ueuiralzc is directly advantageous
Influences