The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-07-18
FINANCIAL AND CONNER ciAL.
TUESDAY,, July 17-o P. NJ

TUESDAY,, July 10 r. W.
all stree. IS still in fever OF speculation, but the
osyer "a OF somewhat intermittent Character ana ous
sss on the Stock Exchange has been unsettled to-day
NV further breakdown Erie That the general ten
dsncy Of prices Ia upward however, would seem TO DO
Indicated by the fact OF OF the active speculative
tocks having this afternoon recovered to high point
a they had reached the present excitement set in
Eh weather has been intensely hot that Is surprising
Oh spcculative activity has been 80 well maintained,
and II argues we'll for the future Of the market
towards higher prices.
Al the open board al ten O'Clock New York Central
sold at l0lk, Erie o7ss So1., Reading 1924 u,
Michigan Southern s2Ai Northwestern s5h-preierred
64x Fort Wayne 9sh, Western Union Telegraph o.
A. the first regular board Ere closed Sx lower than a.
the half past board yesterday New York Central ~
Hudson River \, Reading Michigan Central u Aichi-
gan Southern 1,s Illinois Central Cleveland and Pitts.
burg "a, Northwestern lsprsferred x, Cleveland and
Toledo " Fort Wayne u, Quicksilver ~, Ohio and
Mississippi certificates u Government securities were
steady and moderately active Coupon fve-twentes OF
Che old sold at 1919 Fvetwenties OF 1850 were
y lower In State stocks Tennessee sixes advanced ..
At the O'Clock sessions the market was steady.
At the half-past two board t was steady NOW iorx
Central closed per cent higher than at the hrst regular
board Erie TX Michigan Southern y, Hudson RIVER .,
Reading u, Cleveland and Ptsburg "a Northwestern
Ix-preserred x Western Union Telegraph q. Tennes-
eee State Skies were x lower Government securities
were dun but generally steady Seven-thirty notes OF
the second series were 4 lower. Compound interest
notes were quoted by the buyers the counter as
undcr:-June, 1854, 1884, July, ll2x; August. 1872;
October, 1llA; December. nos; May, 1885, 1885,
August 1909; September, 1861; october, 1854
Al the hafpast three open board Erie sold down to
BSx 641s, and the rest Of the market was shade
lower steady tone Michigan Southern sold at SO,
Cleveland and Psburg sl. S4 Rock Island OF 97k,
Northwestern 362I-preferrod 65,s 65, Cumberland
4sh Western Union Telegraph 631s. Afterwards the
snarket closed steady, the following being the quota
eons at quarer.pas fve:-Erie 64ss OK, Michigan
Southern s2as s2s Cleveland and Pittsburg 81 81
Rock Island 9o7s 81, Northwestern 36n 36A-pre-
ferred 653t 85h, Fort Wayne 9Sil 49,
There is no noticeable change money, and the
OF the Stock EXCHANGE freely supplied FIVE per cent
with a few exceptional transactions at four. The dis
bursements by the Treasury in payment Of the July
coupons OF the seven thirty loan and in redemption
OF the year certificates of indebtedness, which in
teres ceased yesterday creating surplus OF loana
BILE funds at this National bank notes pro
p0rtionaely increasing supply, and, in order to
change them for legal tenders holders Of large
disposed lend them for few days
free OF Interest First class commercial paper
Il Offered in limited quantities and taken at s o
per cent OUT IN some INSTANCES 10
submit to AT Chicago aud Cincinnati there 10 brisk
demand for money the bank rate OF 10 per cent aud
exchange on Now York Is arm At par buying and 10
premium selling
The tendency OF the gold market is upward. The
opening quotation l495. followed by steady ad-
vance to 1S1x. From this point it gradually receded
and closed at 1sol. Loans generally made Tat,
and there diminished supply Of cash sold press.
ing upon the market.
Foreign exchange has been steady, but very lightly
dealt in The leading drawers continue to ask 1099 but
che best bills England sixty days quoted second
hand ct 100 y, and short sight at ll0k ~ against
1l0x asked Commercial bills scarce and out OF
favor, as buyers in every instance wish TO remit with
che least possible risk Bills Frankfort wers nom
nally ~; ON Bremen for prime bills a. sixty days), 70;
on Hamburg, ditto, 81; Paris, at three days. 0s1<c
610c. at sixty days, 5.10c q 5.12kc.
The Bank Of England and the Bank OF France re-
spscsvely held bullion the amount mentioned at the
dates Affixed during the second quarter Of the present