The New York herald., 1866-09-29
FINANCIAL AND CONNER CIAL.

FRIDAY, Sept 2S-6 p. n.
The speculative excitement Of yesterday ntensi-
ded today on the stocx Exchange, and there an
active demand for nearly All the leading railway shares
New York Central eolipsed oven Erie for time in point
of animation, but the latter the strongly sup
ported stock the list owing the demand from those
anxious to proxies to influence the forthcoming
election, and also the fact that large amount Of
stock usually floating in Wall is withheld by
parties who intend voting upon II. This state OF
things will continue till the day OF election-the
9th Of october-and meanwhile, q matter OF
course the demand for proxies will continue Various
aurmises hazarded and statements made as 20 the
probable result OF the election and the future manage
ment Of the road, but these arc Of little Importance
beyond serving TO indicate that vigorous contest is in
progress
There is change 10 record In the condition of the
money market Loans are offered freely at per cent
20 first class stock houses and some Of the leading
dealers in government securities continue in a position
TO supply themselves at 21S g. At tho time
She supply Of commercial paper is light that
all but few lenders have ceased TO regard
dscounting as means for the employment OF capital
Large amounts held unemployed by the banks and
the surplus OF loanabe funds Increasing rather than
diminishing First class paper Is In request at 8 per
cent for short dates, and 5k for long dates The
Western cities still moderately well supplied with
Tho demand for money has LARGELY fallen OF since
Saturday. the spectators requiring but little, an
commission men asking but few advances to enable
them TO I'LL country orders for corn rhe country do
mand still continues however and considerable money
IS going forward TO the country especially Wisconsin,
Minnesota and Northern Iowa to assist IN the movement
OF the wheat crop There Is, also, fair but not
pressing demand for money from general The
loan market is comparatively easy, and for legitimate
purposes, accommodations readily procured upon
good paper Eastern exchange Is in fair supply but the
demand s 50 good that scarcely any OF the banks have
much OF surplus 10 SELL and between the banks
entirely nominal at from SOC. to 81 discount per
thousand Counter rates have experienced change,
aud remain steady at u Of per cent discount buying
and par selling.
Al the early session OF the open stock board the chief
Interest of the market centred In Erie, which sold
atT8A but there brisk demand for all tho leading
railway shares AT the FIRST regular board the market
was buoyant and excited and the volume OF transact
tons unusually large. New York Central closed
1% higher than at the time yesterday Eric pre-
1erred Y, Hudson Ia, Michigan Central 1ss Illinois
Central ~, Cleveland and Ptsburg u, Cleveland and
Toledo n Northwestern &-preerred Q, Fort Wayne
AZ Toledo and Wabash *, Chicago and Alton 1-pre-
yerred u, Quicksilver sf Cumberland n, Reading was
i lower, Michigan Southern Il, Rock Island " Mari
posa u preferred 2h, Western Union Telegraph II.
State stocks pressed for SALE and
OF tho showed decline OF IL North Carolina
bonds X, North esrolna SKIES 4. Government
securities Arm but hs business in them light
Coupon lve.tweniies OF 1865 closed X higher, ten
sorties thirty notes OF tho rs 4, second
and third series u.
At the O'Clock opon board New York Central ad.
vanoed TO l13 ana Mariposa preferred fell 291 but
otherwise the market firm. Al the halrpast two
board New York Central which lad previously touched
xS sold at llk closing three per cent higher than
che first regular board E-e closed x higher Michigan
Southern u, Illinois Central r. Northwestern K-pre-
na~irx u,H
Michigan Central " Cleveland and Toledo u, Rock r.
land u, Quick silver !, Cumberland u, Mariposa Y,
Western Union Telegraph n. Government securities
issl advaacsa " seven thirty notes Of The second and
Ghird ssfies y.
~ the three o'clock open board Erie experienced
further advance Co 7otS With strong demand. New
York Central sold at ll4,a, Reading ll6h, Michigan
Southern s6X Cleveland and Pttsburg SO, Illinois Gen.
trai 123k, Cleveland and Toledo l2lx North western
E%-prsferred Tx, Cumberland 55x, Quicksilver S3%,
xariYoea l3K-preferred 3oa Western Union Telegraph
Dk Tho market afterwards remained Arm up to the
ss. or uurn,., nd :, ss,srss. Gya !hs quotations
current were AZ under New York Central III y, Erie
Nk q, Hudson River i24I l25, Reading ll0h y,
Michigan Southern s5X 80, Illinois Central 1897,
cleveland and Ptsburg SO y, Rock Island lliT H.
Ncxthw western SIX h-preferrcd 71k y, Fort Wayne
lofk e, Ohio and Mississippi certificates 2sk u,
Cumberland 6sx N, Quicksilver 50 y, Mariposa
Mining Company lsk l4-prcferred 3ok u, Western
Onion Telegraph S5H q Y. Compound interest notes
zero quoted thus:-Junc 1884, III V; July l1eH
x; August ile v; October. lis q X; December, ia
*; MAY, 1865, li2x a v; August, llok llik; Sep
smber, llox q Y; October, 1ook llIk.
Al the present time the following table Of prices for
hs principal railway shares intervals during tho year
wxu - fouud infareQfina