The New York herald., 1866-09-28
FINANCIAL LIB COMMERCIAL.


She,s oAs beco very buoysnt speculative feeling on
As Sldcs Exchange to-day, and the demand for the
ussdnx railway shares especially Erie, has been un-
Gua,sy excited. The forthcoming annual election Of
recsors which 10 take place on the 9th OF October,
A. much 10 do with che course Of the latter stock,
xh,oh sold high 1879 this afternoon. II is gener-
ny expected that the contest between the present in
and those who aspire 10 the future control OF
ABE company will bo and close. The disposition
W my securles Of all kinds is becoming stronger syd
ssore general the advances and the month OF
Sc.lobes promises TO DO very animated one Wall
hsyssL Money continues extremely cheap abundant,
end BANKS Offering fret class stock Houses
81 three per cent although the general four Al
ahe Of the is Clearing House statement the banks
@ hw city held 042s, ise in legal tender notes,
Asd nearly al OF this beyond the legal reserve, |
n weight Of which they are anxious TO be relieved
whenever borrowers appear of course this mass Of
yapcY money, present nearly inert viii merely change
hands under increased dcnsnd; but instead OF lying
saie p bank vaults il will he earning interest," and the
Aanks nero which windsposed 10 withdraw their
iwesss aud hslf millions Of deposits which interest
iss ceased will do whenever aeNn,'ans employment
cssrs FOR money Another twelve millions and half OF
sSer deposits will mature the 25th Of next MONTH
ard this will complete the twenty-five millions repre-
seDsd by the certificates hold by them. At the same
sine twenty millions the credit OF banks out of New
90 monetary esse throughout the country. Already,
rs time when there il usually a heavy
Dram oil onrrency westward, the exchanges be-
tween the East and the West are nearly evenly bal
rsced, owing 20 the Western section Of the country
SEEING unusually wc supplied with money Ihrn almost
sniversal is reflected in the general disposition
which country buyers have purchase dry goods and
general merchandise cash instead Of asking for the
credit customary aneccdent TO tho war; The supply Of
..iai
grade freely discounted st five per cent, with eAcep
sssns Ut Az 5s All the indications are favorable TO
SroioEsed monetary this and the local centres
A. te early of the open stock boar! the mar
1et and strong The transactions IN E1e were
large alss 800 shares and the price advanced On The
xan 10 77ys, the demand being very spirited New York
Central sold up to 1os:s, Reading to lis,.. Rock
1slabd 10 ll2A, and Michigan southern 10 Spa. ~
shs rs regular board there increased activity, ard
she tendency of railway shares strongly upward,
Nendng aud Cleveland Toledo excepted The latter
olosed fS lower than the time yesterday, and
she former 4. New York Central closed IL higher
ke,s !. Hudson River y, Michigan Central y, Mcbi'
gar soaibcrn s., Illinois Central x, Rock Island u,
7or,hwcstern ~, preferred IL Fort Wayne 81 Miiwan-
hse and 81 Paul Chicago and Alton l. Ohio "nd Mis-
assppi certificates n, Quicksilver * Cumberland Coal
u, Eariposa preferred a.
Among hs state stocks Tennessee skies, new, were
sAs mo-, active and deciined y. North Carolina new
Bonds advanced a. Government securities steady
IN sone but rather dull Coupon 6Netweniies OF isG2
showed advance Of x; scvcnhiry notes "f 'hs first
ssres =.
~ fle O'Clock session ,bere no abatement Of
speculative activity. New York Central sold ~ 10
gJQa. awi,g 10 the demand from speculative parties
Ao conte sting the reciecton OF ofeerr 0f be
so"p"by - December, wei! TO influence that for
sne I"ss'dcncy o.H The vacancy caused the dssth
G Dean Richmond, when Ill take place at Albany
NsYsa
aalf. pas, hoard the very rso... and
AS.iye, particularly ~ Erie, which o 49,, ana
closed y higher than At lie FIRST regular board Hudson
hsver n MchgsN Central a. Illinois Central "a Ceye
land anil Pttsburg =. Cleveland and Toledo u, Rocs
sslana =. Northwestern 5spreferrsd =, Chicago and
Alton preferred x, Quicksilver -. New York csntrai
cosed x lower, Michgon Southern a. Mariposa q Gov
sSnment securities shade hrmer Coupon sixc.
sf 1881 advanced &, ,enior,ics =, sevenify notes Of
Ahs second ~ Coupon hye-twentes Of 1902 were
N lower Tennessee skies, new, declined =.
A. the three clock open board the market continued
Auoyant, and there very steady demand FOR Ers
sIe~ O. 100 sbsres) under which tho price experienced
Farther advance 10 1874 New York central sold al no.
Hudson RIVER i24ts. Resdng lI6ys, Michigan Central
SIs Michigan southern ssa, Illinois Central l22i,
s,le,ei~ad aud p,tt-burs ss,s Cleveland and Toledo
y92A, chicago end Rock Island illIs, Northwestern
Ssh-prefened 0sss, rors Wayne 1855, Chicago and
3rsat Eastern ~ d. ao) Nho and Mississippi cesiifscs
DeA. Canton A5s Cambci'snd 55% Qucksso a.,
Nsspusa 4,s-pr'fcrred 32' g. The demand leading
Ss'i~ay shares continued brisk no IN. close Of hS
ne~~, and a halfpast n.e Eric strong 5s, u.
New York Central iio's :. Hudson 12sts ~,
1ssd,Dg Iis. III. Michigan sou,heyo s5s4 s6
pipois Censl l2s =, Cleveland any 1ittsburg sa
~ Cleveland and Toledo i32,. Rock Island ii2,s y,
Northwestern 3sx a s-prerercd 81 . - Fort WAYNE
toeA JO7 Cumberland 55ts ~ Quiossilver 54+s =.
asrIpos& preferred 32A Il, Western Union Telegraph
ssa 4. Compound Interest notes were quoted 'hus:
5ore, 1854, III =; July, 1i6is a =; August, ile
~; October, lisa Il; December, ia a =, MAY, 1898,
siz% AZ; August, no. 4 September, iio's \;
October, no.. "a
The ycd marke, Is steady with arm nnisr,one, and
Dad The transactions manly confined 10 merchants
ssd dealers IN foreign exchange The opening price
sS5is, followed by decline o. isat, aud subscaucn.
vscovery las, the closing quos,ion. l"sns were
sssde q, ils 1-6s per cent per diem m ia'or
sf tae lender with moderate borrowing de
sssnd The Secretary Of the Treasury has decided
. neither 70 anticipate the interest the November
coupons sell any portion Of the Treasury gold,
and for this decaon in the face Of The ohoris Of ihe
ssear spectators In gold to induce contrary one,
,aiso Mr. acculioch due credit not thai impnrn he
.otivee but that had 10 fear repetition "
che bilndsr which brought scandal upon the eps
rass spring
The forelsp exchange market is steady At losI. for
Crime hanksrs bills England ., sixty DAYS and l0ss
i0sts for those short sight Commercial hills o. the
bel grade command higher rates, say from 1917 10
1c1s, Ia consequence Of the limited amount
Walking snd the foasmg supply having
been bought ~ by tho bankers and
brckers srec,lton. The personalities favor s,ill
ysrner advance Aeanwhis seuit,es made why the
Atlantic cable h.s {soypei supplying US with London
asossa.rs Hs. sgksson ,easss sna " not, what rs
abe ms' arf
new rtxtsTecg tMRasGt.