The New York herald., 1867-07-19
FINANCIAL AND COMMERCIAL.

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FnuRsDAr, July ls-oP. n
Jhs stock market has been variable to-day, and on
hs whole dun; but towards the close 10 allowed little
mere Armnsm and animation than had previously marked
n ne operators In Erie appear to bs at cross pdr-
p6ees the speculative director endsavoring, y sup
Soeel 10 dsprsas t. and hs late associates in the bull
tnS7sment 70 put higher. There we're several dis
iasting rsporta although none OF much importance
a1oAt In the street, that the Trsasury draw
lag all i hank depostoriss and the other that
change turning against New Orleans and that
lrain Of currency towards that point had SGT In an
StAef referred 70 legal financial difficulties in which
leading ball operator said to b. involved, and s
aasthss 70 tAs prospect Of railway war between the
trunk iiuss Prices we're. however. well sustained,
sotwishstandins the light demand for stocka The
eslisf ID general that the present bull market and
thai the hsasatiou which IL has shown during the las,
few Gays viii - q only temporary duration. Hence
thcss who have stscks willing 70 hold them with
bad conndeAos II the future. this the prevailing
ssslAaaos anA shsapness OF money enables them TO do
with fsOiky. In view OF this of feeling and the
nsaetary senAusns affecting speculation on the stock
Exchange. Ne bears arc reluctant 70 extend their
'shert contzaca although the earnings Of the roads
have q Late BEEN on reduced scale and Of the
noa-dvidsnd paying stocks have been up point
tsyoad their value
There b usdiminshed ease 10 the money market
notwithstanding the enlarged demand from the Stock
Hxchange. aad The general ratio for call loans five per
cent the exceptional transactions being at four and
respectively and the lower rate confined TO balances left
With the leading dealers in government securities The
discount hns Affords very little employment Tor capital
and the oloss scrutiny which commercial paper 10
subjected the best grade only to be negotiable
the banks and this Is quoted at per cent. The
Treasury s discussing the interest and principal Of the
compound interest notes which fell due on the 18th
inst. amounting To 6fteen millions. as well as the six
millions dus the third series OF the thirty loan
very slowly, owing the want OF employment for the
nsney at this and the minor financial centrss
Railway shares were duh aud rather heavy at the
early session Of the open board. and prices declined
about per cent At the first regular board the market
lacked animation, and further fractional decline took
place. New York Central closed X lower thaa the
same time yesterday, Erie ~, Michigan Southern 1.
Cleveland and Pittsburg IL, Rock Island x, North
western y. do. preferred s. Fort Wayne x, OHIO and
Htssissppi certificates u, Pacific Mail ~ Marposa pre-
fsrrsd n. Western Union Telegraph H Hudson River
was higher, Canton 4. Government securities were
someNhat amev than at the close Of yesterday
And coupon ave twenes OF 1854 and 1885, Of the new
issue advanced Il. Tho State stocks were quiet and
Tennessee skies, new advanced T.
the enc o'clock open board tue market was inactive
and lower o. portion of the list ''
At tho hLfpast two regular board an mprovin
tendency was developed New York Central closed u
higher than ct the Gr regular board Ere =. Reading
y, Michigan Southern Il, Rock Island x, Northwestern
x, d. preferred 4, Fort Wayne u, Milwaukee aud
81. Paul preferred b. waukee ami ST. Paul was "
lower, Canton X. Government securities we're inactive.
Coupon avetventies OF 1862 deciiuei r. and the new
ssse OF 1soS advanced Y. Tennessee State sixes new,
declined ~ ~--s 1rz- III y
Al the hapast three open board pr Cos slightly
lever In some instances New York Central sold at
10o<; Erie. II: Hudson River, 1l4s Reading, 1o4tl;
Michigan Southern 7ojs; Rock Island, 9ss z; North
v6sSfn, <sx; do. preferred, 70T IL; Fort Wayne,
l02X; Western Union Telegraph, AK. During the re-
papdsr Of the afternoon the market steady and at
six o'clock the following quotations were current-New
York Central, loox Is; Ere, Tx u Reading, 1o4K
Xxi Michigan Southern 796 y; Cleveland and Pitts
burg. o2x . n; Rock Island, 9sx n; Fort Wayne.
102k u; Northwestern, ASK K; do preferred, 7oI
III; Western Union Telegraph. AK as MAriposa
preferred, 23x AZ
meeting OF the managers Of the trunk lincs includ-
us Tho Erie the New York Central and the Pennsyiva
ala Central was held today the ocs OF Mr. Sloan,
20 discuss the questions Of mutual interest," such ~ the
rates OF fare and freight Similar meetings arc held at
frequent intervals but this was regarded With more
than usual issres because Il expected 10 develop
quarrel In this It failed however. although 1t 10 said
not V have been wholly satsfactory No action was
taken towards changing the existing tarin any u the
roads
Tho gold market was nrm and moderately active. in
sympathy With the improved demand for bills Of ex-
change on Europe After opening at l3ox aud declining
% 1sok, advanced steadily 10 14o. the closing quota
don There was . rather brisk borrowing demand for
oou and loans made without interest and at
Dor cent for carrying The gross cearauccs amounted 10
$50 900 and the gold balances TO le42le The
steamer Hansa toek out s3ol, 200 in specie
The foreign exchange market showed increased
activity in preparation for Saturdays steamers and
under scarcity OF bills rates we're very firmly main
tanned Bankers bills on England, at sixty days, we're
quoted at HOY a y; At three days. 1lok . y; COM
msrcial bills losH a e. Bills on Paris. at sixty days.
SI3x 5.l2x: at three days, sllX $40. Other
continental bills were rated thus
BdnI;ers'. Commercial
On Beru u....,... TAX 727s MA ~
On Bromen. soA ~ 80 20
On Frankfort ........... IL a4lh 40b q 40,S
On Amsterdam. ....... Al ssi;s sc@ -
On Hamburg. .......... 36k 36ss 30 a3oH
on Antwerp. .......... SIS a5l3k bHk 10
Consos American securities were quoted thus In
London on the sabjoIned datcs:-
Jv'y6. july 10 July le.
Cousols. s.............. sih ssA 80