The New York herald., 1866-08-26
FINANCIAL AND CONNER CIAL.

SATURDAY, August 25-SPM
The stock market has been duh to-day IS usual on
psturday summer but has, Notwithstanding nuctu
aied somewhat violently. There was some pressure 70
sell very little TO buy during the morning. In
qasnce which general decline in prices took place
But early in the afternoon the "bull' ele.
men. 70 aimed the ascendancy and there was .
steady Improvement up the close OF business on the
street. The opposition TO the natural tendency Of the
suarket comes from few Of the late bulls who, having
sold In anticipation OF active money market
arising from drain Of currency westward to the
crops now, finding that tho redemption or
the Ave per cent temporary loan by the Trea-
sury viii prevent the threatened semi-strin.
Gency, anxious to buy In again at
tho prices a. which they sold In this expectation
they likely to be disappointed; for the surplus Of
loanable oapal will increase at the time The
earnings If tho railways certain to be augmented,
owing tic crop transportation, and these viii
combn 10 stimulate speculation for rise on the Stock
Exchange
Money hss become drug in Wall street. and the
banks offering 10 lend at four per cent to-day with
out finding borrowers enough TO absorb the supply.
Some Of the leading dealers in government securities
were offered more than they willing TO take at
shree per cent Exceptions were, however, reported at
five Frst class commercial paper In request at
per cent but up bankers adhere to their in
variable rate Of seven per cent
At the carly OF the open board New York Gen.
trail sold at lo3fS, Erie 72x y, Reading 115H, Rock
Island 1887 4 100. Northwestern 36H A-preferred
6s For. Wayne 1o47s Marietta and Cincinnati first pre-
ferred 426, second preferred 81 Cumberland 47@,
Spruce Hill Coal ., Mariposa preferred 27h Al tho
first regular board the market was rather heavy Now
York Central closed Y lower than the time yes
terday, Erie ! ~ Reading *, Michigan Central X, Mch
gan Southern 5S~ Illinois Central , Cleveland and Pitts
burg x, Rock Island Y, Northwestern H-preferrcd Y,
Fort Wayne - Toledo and Wabash, IL, Ohio
and Mississippi certificates u, Mariposa preferred =,
Western Union Telegraph sS. Cleveland and Toledo
81 higher. Government securities strong. Coupon
)ixes or 1881 were u higher. fvewentes Of 1862 -,
Shrd issue ~ ten-fories y, seyen-thirty notes of the
brst ~ second and third series 4. State stocks
Eere Arm. Virginia skies advanced a. Tennessee skies
d. North Carolina SKIES Tex coupon) were 4 lower.
At tho one o'clock open board the market steady.
1re said si ~ New York Central 103, Michigan South
ern s5& llnos Central 1888, Reading I15li, Glove.
land aud pittsburg Is 81 s6h, Cleveland and Toledo
1I5zS Rock Island l0o Northwestern s67spreferred 6s
Fort Wayno Of5S, Marietta and Cincinnati lst preferred
Asa, Spruce Hill Coal s.; Mariposa preferred 2T1z
Western Union Telegraph SIX. Afterwards the
market became gradually stronger and gene
raj advance look place. At I've O'Clock II
closed Grm nj the following qlotatons:-New York
Central 1925 lo} Erie 1874 a. Reading iis,i y,
Nichigan Southern s5ss 4, Illinois Central 123s& \,
cleveland and Pitsburg 81 Il, Cleveland and Toledo
ai5I 1l6 Rock Island 109H Z, Northwestern SG&
a 3T-prercred 6ssS u, Fort Wayne 105 ~ OHIO and
Mississippi certificates 29h II, Cumberland AK *.
Quicksilver 5cM Y, Mnriposa preferred 2ai 2..
Government securities we're buoyant during the after
noon and hveiwenties OF 1862 roso TO 1liE. /
The gold market has been heavy, and the rate for
loans declined from 10th per per diem IN favor Of
thc lender early in the day to "nat" showing that the
supply equA to the demand, owing 10 the sales |
made yesterday by the large holders. The opening /
price l472s, from which there was steady decline
147--'hc closing quotation The cable telegram re,
porting further shipment OF f110 900 10 specie by the
Scotia assisted the 'bear'' operations of tho lac
.bulis who wish to buy In al low gnre possible
preparatory TO locking gold out Of the market again
Tue anomaly Of on export Of specie from Europe 10 this
country Is seen in the fact that the steamers sailing
hence to-day $780, $50 In bars snd cou CT this
saxona had s3s s0o the Bremen SAL la2 aud the
CITY o. London e220 1885, making for the week s7s7,2i.
The export Of specie and bullion since the beginning OF
NAV lea.ig phprn by tina following table boz