The New York herald., 1866-09-06
FINANCIAL AND CoMMEaC,Al


WEDNESDAY Sep, s--6PM
TLs sioss mafker was nrm until after two o clock
aay whom RI tupon Ere checked the improving tca-
Ieuoy OF prces for the time being The bears, aggra
ated by the result OF Their asemp, turn the
the laws Of gravtation, su making
Desperate bat lmpoent efforts 70 accomplish thor pur-
pose 10 bs enabled their ashors' without
l-s and then reverse tactics by buying at the
decline for fresh rise Even The bears sskn0wi-
edge That brisk rise masl follow She present
hesitation, ami opinions differ only as 70 whether
the market has touched bottom yet, the bears,
OF course, ar9ang thar u has mol, while
bulls maintain that IL has Whichever view
o. the correct one, however, there be doubt thar
prices decline DGt Atte and temporarily II al,
while monoy remains drug a. four per and
values apprecatBg, fag Al least railway shares
concerned
Although trade continues active hore r. no percept
he increase in tho amount Of commercial paper offering
for discount and the hest grade Of IN request
ais a5ts per cent The balance the sub-Treasury
this evening sSa e2 45 showing the easy position Of
tha government Notwithstanding tho unusually heavy
disbursements OF last mouth Tho accumulation o.
tonal bank notes has been greatly reduced by remit
tances westward the crops bat the legitimate
drain bar thus far been very light for the
lar2o amount OF money lying Idle IN the banks and
the principal dealers IN governments borrow at
three per call
Al the early session Of the open board Erie sold at
y2ss Reading iI3a4, Cleveland and Piltsbnrg s6ES,
Michigan Southern sS76, Cevoland and Toledo IA
NoshN esicrn S77Spsefcrred o5I Marietta and Cincn-
nat lrst preferred 42H, Quicksilver so Manposa pre-
ferred 42S Canton 52@ At the FIRST regular board tho
market firm. Erie closed II higher than at the
time yesterday, Reading &, Michigan Central X,
fipga lanSa md - pocL troy
y, Alton and Terra Haule 81 Quicksilver a. Michigan
Southnrn X lower Cleveland aua Toledo 4, Govern
ment securities rather heavy Coupon dyeiwon.ics
u 1862 were II lower, second Issue X, third s4 ten
sores a. seventhry notes Of the rst series ~ third
Eeros s. Among the State stocks Tennessee skies new
Advareed A, North,Carolina a. Tennessee SKIES Of
30 u lower, North Carolina sizes w.
Al The one O'Clock session haSe material change
In prices but Immediately afterwards Erie hammered
sharply, under which il declined 10 M the half
past two board the market lower bu. steady the
decline Erie without recovery and closed Il
lower than at the first regular board Reading ~ Illinois
Central 4, Cleveland and Toledo Z, Rock Island r. Mari
poss preferred y. securities wore dull and
showed Improvement Coupon fve-t mites OF 1862
declined "a thirty OF the second series r.
Al he open board al three O'Clock the market
sfeady but without spirit Erie active at Tx x.
Reading sold 1874 Rock Island lO9 Illinois Central
124 Cleveland and Pittsburg s6S, Cleveland and
Toledo lI4ss, Northwestern 35A, Michigan Southern
scA, New York Central 1921, Marposa preferred 2.ss,
Western Union Telegraph 5S. Afterwards Erie
further hammered, and false circulated 20
Abe effect that tho shares quoted 43 instead OF
<dn, in London The raid upon It carried Il one
moment TO 8p7s but.t subsequently recovered TO !0l
n hahpast three the steady the snbioned
Saotstions:-N.w York Central l02yx 1884, Erie 70ss
~, Reading ll3k a x, Michigan southern 49,. 4,
Cleveland and Pittsburg SO q, Rock Island 100 "A,
Northwestern 35ts zpreferred oT1s =, Fort Wayne
1oSh a yS, Quicksilver 50a,1
aod has been more active than any previous day
Of she week The opening price 1l64, followed by
m advance 70 47 and subsequent decline 70 l46x.
recovered ,s, hut finally closed l4als There was
moderately brisk borrowing demand for cnin and loans
waxo made at n 5-32 per cent per diem during tho
abundant and transactions were generally without
interest The daily demand for duties Is large
The receipts to-day At this port having been S593
The Poraia took So 900 silvor and telegram
further sh pmens from England for this
try Of e3l 900 in addition 500 900 francs from
sorg These arrivals here viii however, practically be
pnfslt in the open market
The foreign exchange market was shade firmer and
bsokors sterling at sixty days quoted among the
brokers at l06 n while the loading drawers nsi cd
Io6A H. The quotations for American securities
Aay and the previous dsvs under