The New York herald., 1866-09-15
FINANCIAL AND CONNER CIAL.
FRIDAY, Sept. l4-6 p. n

FRIDAY, Sept H-SP. NJ
phero has been an enlarged volume OF business trans
.rxd an the Stock Exchange to-day and more general
asposton 10 buy securities OF all kinds was manifested
than has been percepble for some weeks past inrgs
.moun, of railway shares In the aggregate changed
h.rds during the recent depression, and these
owned mainly by strong parties. large 'short" In
tsres has also been created which will assist the up
ward movement How far the latter viii progress 1t
would be rash at present to positively state, but as
October Is usually a speculative month the Stock
Exchange IL Is reasonable TO infer that will constitute
no exception the rule in the present year, with an
abundant harvest swell the receipts Of the railways
and superabundant supply Of money at the disposal OF
Wall street.
Loans on call made by the banks at a5 per ocnt,
and class firms generally able TO supply them
selves the lower rate but at the higher the mar
kst IS easy all miscellaneous collaternis There IL
very moderate Of commercial paper Offering for
discount, which Is taken at per cent The
Western money markets are comfortably easy.
Al Chicago the banks report that the supply Of
currency is steadily improving owing TO receipts both
from the interior and the East ana therefore although
there increased demand for accommodation At most
OF tho discount houses Inconvenience 10 felt In
meeting the calls Of borrowers The bank rate remains
At ten per cent and exchange the East s steady at
lilo u, buying, and par selling
II is stated that Secretary Of the Treasury win i'm
edately his intention to pay on the four per
cent temporary deposits known az Clearing House Certi.
scates In two instruments the first TO be on the 26th
OF September and the second on the corresponding
date in October The liquidation will be made In legal
tender exclusively and will add s further TO the
extreme monetary prevailing at this centre Twenty
tive millions OF the certificates held BY the New York
banks and twenty-five millions by the country banks,
according to the Treasury return
Al the early session Of the open board the market
arm but quiet AT the nrs regular board II was without
material change Erie closed ~ higher than at the
same time yesterday, Now York Central u, Ohio and
Mississippi certificates ~ Marposa preferred " Reading
was Il lower Michigan Southern u, Northwestern X
preferred Y, Quicksilver X, Cumberland r. Govern
ment securities experienced partial recovery nom
their recent depression. Coupon fvetwentes OF 1882
cioscd higher, second issue u, third issue " ten
fortes A. seven-hiry notes of the first series u. State
stocks were steady
Al the enc o'clock the market strong and
Nsw ork Central sold up to 107X (b. 3) At the hnf
past board prices well sustained and the under
of the speculation for a rise very firm. New
York Central closed Y higher than at the first
regular board, Eric u, Reading u, Michigan
Southern u, Illinois Central * Northwestern u,
Msrposa preferred u. Western Union Telegraph was
Y lower. In government securities the transactions
were limited. Coupon nye.twenties OF 1862 decnned y
ten fortes advanced thirty notes Of the first
r. At the three O'Clock open board the tendency
prices confined TO be upward Erie sold at 72A Reel
Island 1887 Fort WAYNE los; New York Central l067s
Mariposa preferred 81 (bS) Afterwards the market
olo,ed firm, and tae quotations at fpast i've
uneer:-Hew York Central 1861 107; Eric 72H X
Hudson River l2lX 122; Reading lis K; Michigan
southern S3H Cleveland and Pittsburg Sc u; mi
u.-r. r~.x
Wayne 1857 % Northwestern IS u; pre-.
fcrrsd Gsk e; Cumberland 46k u; Quick
silver 52h 3. Cantos 50 x, Marposa preferred 30 Y
81 Compound intercss notes quoted thus at the
close OF busiAess:-Jane, 1854, l16 u; July, 1854,
i15k 1l5x; Auvust 1894 l15 1lSl<; October 1864,
li4ax Y; December, 1884 ll3 u. May, 1885, lt Y
August, 100H x September, 100 u; October, 1851
Ak
The future course OF Eric is subject of considerable
speculation the street, but upon which few
ture to express opinion, owing to tho veil knswr
eachcrous character Of the stock and the ostorious
corrupt management OF the company. The contest TO
control, contest thero be, may continue until th
9th OF October by the purchase Of stock carYinl
the proxies Those from England have not yet beez
committed and the full number have not yet arrived
IL is possible thal thcre will be challenging oi
votes by parties holding stock transferred 70 other per-
before the dosing Of the transfer books, and 0is
viii prevent those 10 whom was transferred. but who
act sa holders, voting; although will not
title the latter vote From all learn, the per
sons who aspire 70 oust the present management are
col OF unscrurulous speculators who seek
control Of the road promote their speculative
ends and who win be lkoy TO reflect much discred
upon IT, in the Of their succeeding those
Ia power have already done.
The gold market has been dull and barely steady the
bulls being apparently dosrous Of encouraging decline
for tho sake Of increasing the "short" interest The
opening price was l45,s, followed by advance Of y
and decline TO lfsX. Subsequently II recovered ia
45I and finally closed at las. Loans made fiat
aud al Lea per cent per day in favor Of tho
lender. The mercantile "short' interest is worry
large and the daily demand for custom duties the
Increase that for thssy having aggregated $3.50 00o
Tho balance In tie Sub Treasury has ths afternoon
under these and other receipts 10 500, $40
Tho Foreign Exchange market was loss arm than yes
terday under the effect Of tho improved quotations fol
American securities In London on tho evening OF Oh,
i2th inst, which then and previously under:-
Sept s. Sep 10. Spt Ia
Consols. sols.....................seA S0h Sgi.
United States nve-twentcs. 10 72a 72L
Ers... .sGI 40 45l
Illinois Central. 1sh 79A