The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-07-21
FINANCIAL AND COMMERCIAL.
SATURDAY. July 20-6 p. n.


SATURDAY. July co--e NJ
'1hs stock market has developed renewed strength
add activity to-day, although at the commencement OF
business the speculative feeling tame. Prices adj
vanced throughout the list but the most marked i'm
provement was in Hudson River, which sold at
1lsx price considerably above its value Az the whole
off held by few individuals, the principal OF whom
also the managers Of the road 1t would DO an easy
matter for them TO put to 2ls but does not follow
chat they could get the public TO buy from them at that
prioe even at the figure which it is now quoted
Probably however, the parties interested think with
Shakespeare that the way reach mark Is to
aim beyond it stock which has Just been
s'watered" to the extent OF a hundred per cent
a NOT likely to be sought by investors at
price a. high a It sold for before the amount
doubled There is no accession OF outside buyers to
which the revival OF animation can DO attributed II ia
umpiy due renewal Of the eorts OF the brokers and
other professional spectators to bull - tho MARKET
and was generally expected So long as money remains
essy the battle is to the bulls and higher prices will
probably be reached regardless of real values.
Theirs is no change to note in the condition Of the
money market Loans made freely TO stock houses
at Eve per cent, with few exceptional transactions az
ok for small amounts. AT the same time the leading
dealers in government securities have difficulty in
supplying themselves at four per cont. The discount
Sine Inactive and first commercial paper passes
A6a7 per cent The Of the assocat ed banks
FOR the week ending to-day likely to show increase
IN legal tender OF 81 300 600, in deposits Of
1,6000 600 and in loans of Ssooo0 Tho specie Will
probably show decrease of sl,5Oo,Ooo.
At the early Of the open board the stock mar
ket dull and barely steady. New York Central sold
at 1857 "a; Erie 7O1 Hudson River, 1l6h III;
Reading lo4'.; Cleveland and PtsDurg, 9os; Michigan
Southern, 7Sx y; Rock Island e9'i q; Northwest
srn, az; do. preferred. 70s; Western Union Teie-
graph, 4Sys 40; Pacific Mail. las
At the first regular board there moro nrmness and
animation, and price, improved the call, Hudson
River being the strongest OF the railway shares Now
York Central closed q higher than Mt the time
yesterday, Erie n Hudson River so, Cleveland and
Pittsburg l. Rock Island l, Fort Wayne y, Ohio and
Mississippi certificates ~ Pacific Mail IN, Canton a.
Western Union Telegraph u. Michigan Southern was
y lower Northwestern preferred a. Government secu-
critics firm but inactive Coupon nvetwentiss of
che issue of 1865 advanced q, and seven thirty
notes OF tue second series a. Among the State stocks
Tennessee skies declined p, and the new issue Of Ten
nessee and Norh Carolina skies advanced Z each.
After the call aud at the O'Clock session OF tho
open board the market was generally higher New York
Central sold at 1867 Erie Tx Hudson River. 11sA
~ Canton. 49, Reading, los 1864; Michigan South
srn 7o,s; Rock Island, 1905; Cleveland and Toledo
AL; Northwestern. ASK =; do. preferred, 7oh "a;
Ohio and Mississippi certificates, 26,s; Pacific Mail,
a46X; Western Union Telegraph, ASK Ak.
During the rest OF the afternoon the market was
ouoyant and active partly in consequence of intima
tons that the next bank would favorable.
and partly . belief that the danger Of threatened
railway between the trunk lines had passed away.
Al the close Of business o'clock the following
quotations were currest:-Nsw York Central, 1919 =
Iaos; Erie, TX q; Reading, 1854 y; Michigan
Southern, 80 y; Cleveland and Pitsburg. Ok "a;
Rock Island, looH x; Fort Wayne 1o21 1os:
Northwestern, 46 ii do. preferred 70'< II; Pacific
MAIL l4oa l47; Ohio and Mississippi certificates, 20
- y; Western Union Telegraph, ass x; Aarposa
Rreferred, % ~
There a moderate demand for government securi-
tss at tho counters Of the leading Dealers and at the
close they quoted thm:-Rsgistered, 1881, HOY
AZ; coupon, 1881, 1l0% u; fve-twcnss. registered
1so9, 100 y; nve-twsnties, coupon, 1862 lily y;
NAvs-twenties, coupon, 1864. 100 u; hvetwenties
coupon 1866. 1925 u; nve-twentee. coupon, 1865,
January and July, 1osx n; nvs-twentcs, coupon,
January and July 1867, losi1 ~; ten forties regis
tered, l02 al ten-forties, coupon 1925 u; August
ssvsn-thrties, 11zX llsH; juno ssvenhires, 1171t
. X; July seven thirties, 1l7ss x; August COM
Hounds 1864, ITO 4; October do. do. lisa v; De.
osmber do. do, ll7H q q; May compounds, 1866,
116K x; August do. do, 116x . X; September
d. do, lisa x October do. do. ll4s sax.
The gold market opened at 1885, and after declining
% 1917 gradually recovered to 1925 the closing quota
sion Loans were made without interest and At 2 a 6
per for carrying The gross clearances amounted
10 $751; 900 and the gold balances to 81 The
steamer City Of Paris, which sailed to-day took out
VI OBS Specie the Guiding Star $1eo 600 and
Gsrmana $4,000 The Official list Of shipments from
shs port during the week Is IS subJoinsd:-
| July l6-St0amor Etna. Liverpool.