The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-08-18

At the early session OF the open board the market was
ARM but dull Erie sold at esK, New York Central l05
Reading u.s. Michigan Southern s5aS y, Rock Island
io7ll, Northwestern 36h-preferred 67h. Fort Wayne
105A Ohio and Mississippi certificates 29sS, Western
Onion Telegraph 49, AT tho first regular board Erie
closed higher than the half past two board yester
oay Reading l. Cleveland and Toledo " Rock Island u.
Cumberland n Western Union Telegraph u, Tennessee
eiAAs (new) l. Michigan Southern was e lower North
westei> preferred ", Fort Wayne 4, Quicksilver e.
uovernme.t securities continued steady. Coupon FIVE
t~enues OF "a2 advanced h-third issue e, ten
Iortes y. seven7arty notes OF the second series
declined y.
AT tho one o'clock sesslc.s the market was without
material change in either tone rrices At the half.
past two board 1t was firm. Reading v,,scd Y higher
than at the first regular board. Michigan Soeshern "
Fort Wayne r. Cumberland ~ Western Union Telegraph
y Tennessee sxes u, Erie u. Chicago aud Alton was
lower Government securities dull and all descrp
lions Of them arc already high that II ID probable
they will before long experience reaction. Railway
securities arc relatively far cheaper
At the three O'Clock open board there no new
feature developed.
Afterwards the market steady four O'Clock
New York Central quoted at 1o4& 1041 Erie e9h
ee% Hudson River 1l9k l2l Reading 11514 1l5N,
Michigan southern So S5A, Cleveland and Pittsburg
81 Cleveland and Toledo ll5I 1le Rock Island 1867
Fort Wayne 1o41s lO4&, Ohio and Mississippi certia.
Gates 2931 aak, Cumberland AK a asa, Quicksilver
6Ok 81.
Goid opened at 1919 and advanced TO 15lZ after de-
DINING 70 l5lH After noon II became weak and before
clock had declined to l50H It finally closed at
AooH' Loans werc made at LILO u per cent in
Vor OF the lender OF the CON- The market has very
crm undertone owing to the small sum Of coin In the
Country the Treasury stock included The SPECTATORS
TOR rise are trying to induce the Secretary Of the
Treasury to sell some of his gold in order that they
may run the price up to 2oo but he will be false to his
trust and duty he plays into their hands by following
any such bad advice and have reason to believe that
he will not.
Ihere no change to note In the money market, which
- extremely easy at four per cent, with exceptions to
ge houses at three The transactions five per cent
are generally for small amounts or to weak parties
time There is very little doing in tho discount line and
drst clas commercial paper is request per cent
All tho conditions affecting the market favor prolonged
and under the existing legislation no material re-
ducton can take place in tho amount Of paper money
circulation for some years to come there is danger of
Nrngency for an indefinite period The Western money
markets arc still we'll supplied with currency although
erc Is more activity reported and the Chicago journals
report that the bankers there arc expressing currency
both East and West
The foreign exchange market remains dull and semi
siagnanL The supply OF bills is in Of the do.
inand, and tho rates depressed Bankers bills
England at sixty days closed at 101 " at three days
l0s y, commercial los y, francs at sixty days
ST. 35c. a ST. PKG, three days 81. CSC. bf 1880
Some Of tho leading drawers asked 107X for their sixty
days. sterling, but there business reported at
that The transactions have been reduced in volume
In consequence OF tho cabo telegraph being in operation
Credits be established within few hours in any
city OF Europe and honce those TO whom time Is
object In rcmitting abroad resort 70 tho cable
instead Of buying bills The ultimate result will,
OF course be tho samo In the one case rs
10 would be In the other and tho exchanges
Cor or against US cannot DO turned whit BY the
ner Of adjusting the balances. Gold will have TO DO
shipped pay foreign debts before, but the
Of exchange will DO far abl, than heretofore rule
high, and the psscc OF blswi DO no criterion OF the
state OF foreign exchanges owing to the bulk Of the
business being done by telegraph
Mining stocks were 6rm At the FIRST board Downe.
vine Gold closed Co. higher than at the time yes
tsrday, selling at 81 20; Kpp Buol 85c, selling at
81 10 Consolidated Gregory Gold was 81 IS lower.
selling At $40 rs; American Flag sold at 81 So, New
York Gold 81 Is, waikiki 81 20, First National loc.,
Holman Gold a7c., Rocky Mountain 81 90.
Tho extreme range OF the gold market in each month
since tho suspension UNDER