The New York herald., 1866-07-27
FINANCIAL AND CONNER CiAL

Tha stock market has developed increased buoyancy
and activity to-day, and higher quotations have been
current accordingly slight impetus has been givon
20 Michigan southern in consequence OF the return Of
the earnings for the third week OF july which show an
increase OF 500 over those of the corresponding week
hast year Erie steady, Notwithstanding that the
management which dsgraces the road yesterday decided
10 suspend dividends upon both its preferred and
mon stock New York Central remains firm and Hud-
son River advanced, owing to regarding their
possible consolidation, with Harlem included At the
early session of the open board Now York Central sold
at ioiE 70, Erie 6d% Hudson River l20H, Reading
ll04, Michigan Southern S21s, Illinois Central
1lsK, Cleveland and Plttsburg s5H, Cleveland and
Toledo ll1h, Rock Island 971s, Northwestern
preferred 64's Fort Wayne 9s5s, Quicksilver
asA. AT the FIRST regular board the mar
ket showed increased activity and 1rmness. Read
Ing closed Il higher than at the fpast two board
yesterday, Cleveland and Toledo Il, Fort Wayne Il.
Erie and New York Central wcrc q lower, Western
Union Telegraph Ia. Government securities were
frmer Coupon fve-twenties Of the second and third
issue advanced %, ten-forties q. scyenthry notes
steady.
At the O'Clock sessions the market firm but
duh. At the half past two board it strong. New
York Central closed n higher than at the first
regular board Erie 4, Michigan Southern u,
CIegoand aud Toledo a. Rock Island "a Northwestern
and Puisburg n lower, Western Union Telegraph
~ Government securities in speculative demand.
Coupon five twentes OF 1862 were q higher, third
issue 4.
At the halfpast three open board the market re-
NAMED strong. Esie sold at 6i5s, New York Central
o. 81 1919, Hudson River Ok, Reading 110s< Mchl.
gnn Southern S3h, Cleveland aud Pttsburg s.g,
Cleveland and Toledo 1l1Y Rock Island os Catta.
wissa 79s, Northwestern 342l-prcfcrrAi e+af, Fort
Wayne 1Ol 2s, Ohio and Mississippi certificates
2s4, Quicksilver 49l{, Magrosa preferred &C.
Western Union Telegraph 559saA Afterwards the
market closed steait, the following quotations being
those lait-past five ococl-Aow York Cen
trai 1o4al r Enc 64x q, Hudson River 1ls 1oo
Read'n. 10 7s Michigan Southern SS5S Il, Clcve
land and P;sbprg SIX S5, Cleveland and Toledo 1117s
~. Rock Island 9s h, North Western 3fzs So
pr'forrcd 6i% 65 Fort Wayne 1Ol Il, Ohio and Mis-
sissipp certificates 2ssS, Canton 53 Cumberland 49,
Marposa preferred o64 u.
The monay market continues extremely easy at a5
per cent, Notwithstanding the increased activity of bust
ness the stock Exchange. First class commercial
paper passes a; 5< Ga per cent The Chicago journals
inform that ''the crops in forward state,
and the shipping and speculative demand is light ex-
cept for corn, which remains active and firm. In
tary circles thero very little Currency
ia supply and with moderate demand the market is
easy Prime accepted freely at 10 per cent per
annum; but second rate paper is discounted the
street at y per cent per month The bankers have
expressed uuwilngness to advance the old crop
OF wheat and this has tended to check the speculative
movement Eastern exchange in active demand and
thc market is firm at par buying and 1-1O premium,
selling. Round lots, however, in active demand
among bankers at premium of 60 cents per thousand
The supply OF exchange present much lighter than
tho domand, and some OF bankers have to express
currency to New York daily to meet their drafts
The gold market has been dull The opening quota
tion was 149k, followed by gradual advance TO 15o
The closing quotation was 1877 100 Loans gen.
orally made nat, with exceptions at per cent for
carrying
Foreign exchange has been inactive and bankers bills
England at sixty days offered by the drawers at
IO9 and quoted second hand at 1ossl. Bills Berlin
fthalersl nomnaily 70 a IA; on Bremen, .s51
20; on Hamburg, 81 ss; on Antwerp, 5.1Ts 5l5
Mining and petroleum stocks continue devoid OF intc-
rest At the fret board New York God closed l0c higher
than at the same time yesterday. Union sold at So
Consolidated Gregory Gold $32, GunneIl Gold at 81 0l
Al the second board Benneho Run closed 25c higher
than al The Is board, selling a. IS 65 Consolidated
Gregory Gold hoc selling at s21 United States sold At
81 So Clinton 81 80 Unod Petroleum Farms 2oc., Ex.
cssor 3oc, Downieville Gold ESQ.,, Smith Parmcice
s. IS.
II Is satisfactory observe that Congress has some
OF docency left and that the proposed tariff bill
in the Scnae, well the proposed Sherman finance
bill in the House, have bcen amended by striking their
most Objectionable features each section OF Congress
thus correcting TO extent the faults OF the other
In tho Senate the clause Of the tariff bill increasing the
dutiabe value of imported merchandise, by adding
aha cost Of freight, brokerage, packing and
othcr charles, stricken out, and in the
House the odious proposition in Mr. shernan's bill 10
curta tho option OF converting sevcn-thrty notes into
hve.twcnty bonds likewise stricken out Under
these reassuring influences govcrnm securities have
experienced general Improvement to-day owing
toraIon OF confidence consequent upon belief that the
Of the nation have OF
left and that in any they adjourn Saturday,
period will be imposed upon their opportunities for evdo
Ing. The provisions OF the bills which have
joctsd tho respective houses precisely those which
Indicated the mos, glarng; but there Is moth
ing desirable left in either trust that neither will
finally pass for their passage would be converting eg
lalion into little better than farce. They both
equally uncacd for and both had their origin in corrupt
and personal motives IT, in the event OF their passing
tho wo houses, they not too nconsiderable to be
vetoed by the President, they ought 10 be vetoed.
The receipts of duties imports at Bos,on for the
fiscal year ending June 30, 1860, SIC, as7,
against s68l6ooO at Philadelphia. aud f3870, 600 In
baltimore making the receipts o. Boston sao55 6ss
greater both Philadelphia and Baltimore combined
Tho last weekly returns OF tie Boston banks were
roows:-
Jaiy2a. .Ihylo
Capital ,al................sii sii 900 900 sal 900 200
Loan. e5.ypSso6 90,U4I.B
Specie. .................. AL ESQ i63 SGT
tender