The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-09-05
FINANCIAL AND CONNER GAL.
wrnszsnAr. Sent. EoP.M.

WEDNESDAY, Sept. A-6 p. N.
The railway share market more than sustained tho
promise OF yesterday in respect 10 activity and buoy
ancy to-day and efforts made by OF the most
heavily loaded OF The bulls to promote general advance
With this view New York Central moved upward,
and there talk manufactured for the
relative 10 proposed Consolidation OF this and other
lines incudins the Hudson River How far the present
movement will progress before !, is arrested is
TAIN but the bulls have a strong argument in their
favor in the enlarged earnings of the railways aud the
abundant monetary facilities at the disposal OF the
Stock Exchange
The money market continues very easy, and promi-
nent stock houses have difficulty in borrowing at
four per cent while the leading dealers in government
securities supplied mauly at three per cent by pr'
vate lenders. The general rate mixed colsterais 49,
however, I'VE per cent and on the pubic tunds ioun
Thcre Is but little dong in ths discount line And INC
best grade OF commercial paper is raed al ga per
osnt with few transactions at I've and hai on paper
wthin thirty days OF maturity. The drain OF currency
westward was somewhat moro active to-day than TOT
. few days past, but IL Ia still light although
the Chicago journals remark tina. large amounts OF
currency are being received there daily from
New York TO replace ttat into the interior Il 10
autographed from Washington that the September state
mont Of tho public debt will show the total amount
outstanding after decucing the amountin the Treasury,
20 be 81 09S against 81 SILL 500 426 at the end Of
July.
Al the early session OF the open board railroad shares
steady the closing prices Of last evening Now
York Central selling 1857, Rock Island 104 and Erie
soh. Al the first regular board the market hrmer
and the business we'll distributed Ere closed u
higher than st the time yesterday Reading 4,
Milwaukee and ST. Paul preferred ~ Michigan southern
n. Northwestern u, Fort Wayne y, OHIO and Mssis-
suppl certificates y. Western Union Telegraph was y
lower.
Government securities were moderately active Cou.
pom SKIES OF 1881 showed advance OF e, Gvetwentes
Of 1862 u. Coupon fveiwenties OF 1865 advanced u.
The express shares quiet, Adams ~ higher,
United states q Tennessee sixes new, declined Z.
Al the open board at o'clock the market was
strong in tone New York Central advanced TO 1895
Cleveland and Plttsburg sold at So exdvidend Al the
second regular board the demand for the leading stocks
undminished aud prices experienced afuher frac.
toDsl improvement. New York central closed . higher
than nrst regular board, Rock Island "a North
western Il, do preferred u, Fort Wayne 4, Milwaukee
and ST. Paul preferred ~ Ohio and Mississippi certin
Gates Il, Pacific Mail AZ Western Union telegraph y.
Government securities were firm. Coupon fve-twentss
Of 1862 and 1865 advanced u. State stocks firm
Tennessee skies, new, were y higher North Carolina
sizes T. Among tho express shares Adams showed
decline Of ~.
Al the open board at hair past three prcee were still
IN the ascendant New York Central sold at 1855 Erie,
so. Reading, 1889 Michigan Southern, 83's Rock
Island lo4H "a Northwestern, 4oI5; do preferred,
VIZ; Fort Wayne. 1864; Pacific Mail. 1441s; Mlwau-
kee and ST. Paul. Ask; do. preferred, 81 67H. Suisse
auenuy the market remained steady, and at six
o'clock the following quotations we're current:-New
York Central, 1861 u: Erie, 7oh u; Hudson. 128
AZ; Reading, 1885 \ u; Michigan Southern, sax
q; Cleveland and Pittsburg, ssA SO; Rock Island,
t041 y; Fort Wayne, 70x a II; Northwestern. 48,s
n; do. preferred 7o7S II; Pacific Nail, la . y;
Western Union Telegraph, 43J4 y; Ohio and MIsss.
sippi certificates 27zS 49, Adams Express, 1917 "a;
United States 1871 rs; American. 70 IA Merchants
Union, 10 II; Wells, Fargo Co., 65s 90.
Tho motion in the OF Phelps vs. Ross OF the
Merchants Union Express Company, in the United
States Circuit Court is teegraphed from Albany has
aot yet been made hence the report Of its having been
denied Is probably premature
There very moderate amount Of business In gov.
srnmen transacted the Of the lead
ing dealers, and at the close tho market steady
Tho subjoined quotations Registered, 1881, Ill
lllA coupon 1881, 1ll7s 112; fvc-twentes regis
tered. 1852, l0eH 1ools do, coupon, 1862 HAS, IA
60, 1884, 1929 ITO: do, 1885, lll lI1,s; do. do,
January and July, 1854 u; do, 1867 IosJs q; ten
forties registered, ssI 99s; do, coupon. s9h "a
August soven-thrtes, 1917 a 1878; June do. 1913
o lo7h; July do, 1913 1079; October compounds,
1854, lls1s l196; December do, 1l77s lls,s; Nay
Co., 1906 III y; August do, ll6 "a; September
Do, ll51S Y; October do, lis u.
The gold market developed increased strength and
activity tbs range Of the day having been from l4 to
1875, with the opening transactions at lax and the
closing quotation 142 n ~ Cash gold was abundant,
and loans made without interest," and at a per
cent for carrying. Tho gross clsarngs amounted to
$50 $685. the currency balances TO 81 800 and the
gold balances to ST. s06,5lo The scotia took
cut SIIi 500 in gold bsrs
The foreign exchange market was dull and steady.
Bankers bills England At sixty days were quoted at
1925 =; at three days, Ios% llo4; commercial
bills l09H 1925; bills Paris At sixty days, bl6iI
Q SIS; at three days, 6l4's 5.l3..
the Persis brings the return OF the Bank OF England
for week ending August o. which shows Its position
~ thai Gine and the corresponding dates in the three
previous years 10 have been as follows
1884 1865 1aed 1867.
SO -oT ga sfa