The New York herald., 1866-09-25
FINANCIAL AND COMMERCIAL.
MONDAY, Sept. I'D P. M

->~~~-~~--~>-~~~~~~~~
MONDAY Sept 24-6 Pm
ma stock market has been rm to-day undery. brisk
asapd for the leading speculative railway shy and
,,,oes generally experienced slight advance Buyers
%, rise are encouraged by the extreme Abundance OF
money and the prospect of Its long cont ,nuance and
feel disposed TO speculate boldly the season ad
yances Loans offered freely at four per cent whe
few houses enabled to supply tS ,meIves at three
The exceptions at i've per cent are unimporant The
discount line offers but very limited Geld for the en-
ployment OF capital, owing TO the nah amount OF COM
merca paper Offering and the bo grade is stil in re-
quest, at per cent The s2tement OF the associated
banks OF city for the week ending on Saturday last
without any change Of Importance The loans, owing
partly 70 clerical tho returE Of one Of the
last week, and In some degree TO investments secur
ties for the sake OF employing dle funds show in
OF ST. e70 662 The specie has increased to the
extent of s3o5 242 leaving the amount nomnay In the
banks $7,s82,6ll The ejaculation has decreased
s5se 900 the deposits $44ass4 and tho legal tender
notes s345 643 The "details of the present and previous
statements stand as rylder-
Loans ........... s2N 800 so4 s272 III l6s
erecie ...... 7,ss7s6 6s2 gu
Circulation. os,I oas ano ss, ssa
Legal tenders. .........- 90773 232 9042s, ,l89
The clearings and baav ces for the two weeke
e'ecring'. Bnlanoes.
s.So
Week ending Sept. o., COS, ,2so4 4z4 2l,l2s, 900
Attne early session Of the open board the market was
rather active and sdy. Erie sold at 76's and Mcn
gan Southern at s47S AT the first regular board It
firm, with well dis rbuted business. New York Gen.
trai closed X bighe than at the time Saturday
Reading y, Ilindis Central 4, Cleveland and Pitts.
burg a. Cleveland and Toledo Y, Northwestern pre-
ferred x, Fort Wayne y. Ohio and Mississippi cernn
Gates r., Cumberland ~, Mariposa A-preferrad l.
Bne closed Y lower Michigan Central u Rock Island
n Government securities duh and rather heavy.
Coupon skies Of 1881 q lower coupon fve.twen-
ties of 1852 4 issue OF 1865 a. sevenhrty notes were
unatered State stocks moderately active North
Carolina eixes advanced Il. Tennessee skies, new,
lower
At the one o'clock sessions the market continued
arm. At the half-past two board there mate
Yial change in prices in the speculative
temper, with the exception of Cumberland, which
showed advance OF "a under the manipulation of a
clique who expect TO saddle the rubbish the street.
but the buyers Of stocks wise they will leave such
worthless stuff alone, neither selling ''short buy
ing 10 for rise, for in either they will be playing
against loaded dice New York Central closed 4 higher,
Reading u, Cleveland and Toledo III Rock Island Il,
Msriposa y. Western Union Telegraph H. Cleveland
and Pittsburg y lower, Northwestern u, Marposa
preferred x. State stocks steady. Government
securities remained Inactive. Coupon 6ve-twenties Of
ltoZ advanced u. Ten-fortieS were Is lower
Al the open board at three o'clock prices had up
ward tendency. Now York Central sold at lO7X, Eric
7oH Reading 1884, Michigan Southern S4I, Rock
Island ll1h, Quicksilver 521s Marposa preferred 34,
Cumberland SO. There was subsequently further i'm.
prevement in portion OF the list and the
market closed rm the quotations at halfpast Eve berg
- under:-New York Central lo87l u, Erie 76X q q,
Hudson 12lH l22. Reading 1867 y, Michigan
Southern SAX e6, Cleveland and Pittsburg 81 q u
Northwestern SO H-ditto preferred e7H os. Cieve
hand and Toledo 128 u, Rock Island llIX 49, Fort
Wayne 1861 u, Ohio and Mississippi certificates 20 a
X, Canton 53,s 64K Cumberland sax, Quicksilver
s2k . ~ Marposa lax K-ditto preferred 34H Y,
Western Union Telegraph sex 81: compound interest
notes werc quoted thus:-June, 1864, NIX 1l7x;
July 1T x; August, l16H a lloX; October ll6'.
December, Hay max; May, 1855. ll2X a ll3,
August. ll1k vi September, 1l04 q Ill; October,
1Sekax
The gold market has developed hrmness and
there was less disposition shown TO put out shoTts
The opening price l4aK. followed by an advance IN
1A4H, the closing quotation. The supply Of coin for
delivery equal the demand, and loans were made
- l-o4 l32 per cent In favor Of the lendr The
s'bears" anxious that Mr. McCulloch should antci
pate the payment OF interest on tho Hvetwenty
loan, and the prospect Of his not doing
% Is source Of disappointment 70 these
gentlemen. Many Of them heavily 'short"
under the impression that In the first instance would
make gold so abundant that they could 'cover' their
contracts without advancing the premium, and that
secondly with the interest paid there would be fresh
basis for rise, the market having been rendered all the
msve sensitive TO operations that direction
auence Of the Treasury disbursement There Is little
probability, however, that Mr. McCulloch will yield u
She solicitations OF these shyiocks Of the gold market
and We advise him TO carefully avoid so doing
Foreign exchange has been dull but the market is
very nrm with rising tendency. For prime bankers
bills on England at sixty days the drawing rates
107x lo7H, and for bills At three days 10sH lOsZ
The market for American securities in London con
nues steady the latest quotations for those British
sonsols being follows:-
Sept II. Sept 10. Sep. %
Consols. ................... s9% spz Seii
United states hva-twenes.. 72k 721 TAX
YIes minimum. GOA 4tA -
Illinois Central. .........." 7sa BA 7sis
Mining stocks continue active and arm. Al the first
board American Flag closed Csc higher than al the same