The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-10-31
FINANCIAL AND CONNER GAL.

WEDNESDAY,, Oct So-eP. u
me European Rsws had depressing effect upon the
cold market this morning and the opening transactions
were al l4ix, following which there steady de-
cline % ll0&. Al this point despatch was received
quoting yetwentes 81 osk IN London, against 90 1910
previously, and recovery to lzlA took place but the
speculative feeling continued tame during the rest Of
she day sad the closing transactions were al l4l There
vas brisk borrowing demand from the ''shorss and
loans made q. per cent for carrying and ts6
per cent In favor OF the lender Of the coin
well "ilatn The specuatos are mainly on the
..besrn side and the market is In an oversod
condition, but the Treasury disbursements ensure
e&sy supply Of cOn that they likely TO expert.
snce eiculty In borrowing all they require for some
elmo 20 come The advance In the OF foreign tx
chsngs operates 10 some extent, however against fur
cher decline IN the premium; and he payment OF mo
November interest," Of which about six millions ana
half already been drawn a. this centre AZ well as
pacific solution OF the Garbaldi-Roman difficulty. have
been discounted In tho gold room. Tho disposition
1cverthclcss 10 press the market lower Ia order %
establish fresh basis for rise. The gross ee"nsS
amounted to $40, Tss, 600, ths gold balances 10
n lea Ios and the currency balances to $500
Tbs railway share market has shown increased hrm-
meas to-day especially Ia the dividend paying stocks
and particularly Reading and Cleveland and PttsbuTg,
the latter beng the cheapest OF the ten per cents
Tho turn OF monetary Affairs IL decidedly in favor
sf the bulls the supply OF capital ct per cent
being ample, while in few instances money was
offered this afternoon by tho banks 70 the leading
dealers government securities Al hve. Al the same
tune nearly eli but nrst class borrowers have 70 pay
seven for small and moderate amounts There il
willingness shown by the banks to discount for their
customers but they still refuse outside paper except
ID strictly prime and Of this there is very limited guam
atty among the note brokers The pressure for
discounts from the Western banks has partially subsidized
and The drain OF currency Westward Is hardly felt.
Government securities strong at the opening, but
afterwsrd lost portion Of the improvement At the
close however, they strong again. and there was
special demand for hye-swentes Of 1885, which sold At
No. Tho quotations were subjoined Registered.
1881, 1ilx lllK coupon, 1881, lil7s liz; S2o's,
registered, 1862, 104 10lk; sos coupon 1852,
ll2K NIX $685. coupon, 1894. 1921 loss SOS,
coupon, 1886, 1lo14 llOss do do January and July,
1o71 lo7ss 5-2o's, coupon, 1857, 1914 1915;
lolos registered 1905 1905; lo4os coupon, 1905
= l0ox; gold, l4o5s lsi; June 1905, 1864 1888;
July 1905 1o5H 1855; December compounds, 1864,
Ilsk q lis; May do, 1855, ll74 ll71s; August do
do, ll6ss 1l6,s; September do. do, llsi l1eA;
October DO do, 115H 1I6.
The railway share market nrm, but duh, at tho
commencement Of business and the early session
she open board Erie sold at 72ss Hudson River,
Rock Island, e5ss e5x; Northwestern, ass: Fort
wayne, g7h; Michigan Southern, 70 ID. 81; Canton,
AK; Adams Express, e5k 65x; United States, &C.
A the FIRST regular board the market opened steady
and on tho second call it became strong and moderately
acive Reading was in good demand and advanced to
ssk, and Cleveland and Pitssburg rose TO s2A. New
Ysrk Central closed u higher than at the same time
yesterday Erie x, Reading Ia Cleveland and PITTS
tnrg JH, Cleveland and Toledo u. Rock Island 4,
Northwestern 4. do. preferred =, Fort Wayne q,
Milwaukee and 81. Paul u, do. preferred y, Ohio aud
Nississppi certificates q, Western Union Telegraph "
Hudson River y lower, Michigan Southern y,
S.clac Mail u, Atlantic Mail ~ Government securities
we're strong bat dull Coupon nve-twenties Of 1862
advanced " Of 1894 "a issue of 1865 ~ new issue
Or 1866 y. Among the sxpress shares United States
showed decline Of "a and Adams OF 11k. Tennessee
tnew) advanced al Missouri skies, ex Is per cent
Il The 80 per cont Of interest recently arrssr
retivs, and sold ct % p25s
A. the open board at O'Clock the market was arm,
nut quiet New York Central sold at llsA; Erie 725s;
Hudson River, 1914 l27Iz; Reading. 9s3s; Michigan
Bouthern, 7oK; Cleveland and PIttsburg 1914 ID. 81
ROCK Island o6,x soA; Northwestern 4sss; do. pre-
.fsrsd o6H; Ohio and Mississippi ccr.incatss 25iS;
Western Union Telegraph. 3s1; Quicksilver 1s7l
Al tho second regular board there was new
feature In the market Illinois Central closed \, lower
shan the rs regular board Northwestern preferred,
". Rock Island was y higher, Fort Wayne y. Gov
srnment securities were dull and coupon nvo-twcntes
Of 1862 closed lover issue Of 1884 u The issue of
1866 advanced y. Missouri skies advanced u. Ten
nsssss sixss, new, declined Il The express shares
were heavy and there to be strong disposition
70 coll them for reason not apparent on the sur
fAcs among those supposed to be familiar With
sher arairs; while they selling they ondoavor to
keep The market frm, they s large holders OF
shs respective stocks Wells Fargo showed decline OF
. and Adams Of x.
A the open board 81 half past three the
strong in tone. but inactive Erie sold 70 Michigan
Southern, Tok ID. TO-; Cleveland and Pit,sburg ssa
d. 81; Rock Island, eos; Northwestern, 4s5; do. pre-
rsred e6t; Toledo. Wabash and Western, 39S. During
the rest OF the afternoon the market continued very
nrn, but dull and Reading advanced ono per cent Al
six o'clock the following quotations we're curront:-
Now York Central. liaS 1885,; Erie, 1871 1sA;
HUDSON River, lz7k; Reading, o9h; Cleveland aud
Plttsburg, 50 s8h; Rock Island e6ss e65S; Fort
Wayne. s7H s7k; Northwestern. ass <ski do.
preferred, 60sx 68& Pacific Mail, 1865 li6A: oaio
and Mississippi certificates 25K; Western Union Tele
graph $50 ss1. The following prices bid for the
Express shares:Adams, C4f; United States 81; Ameri
can. g.; Merchants Union, 2sS.
The following 10 q comparison OF the prices Of the
lsading stocks At the frat board to-day and
time last month
Sept 80 0e, 40 Hckey. Loler
New York Central .losas ll3s 90
hsason River. ....-..l1s1s l2lk Ia
Michigan Southsrn...... 81 81 10
tAeyeand and PistsOurg. so s2A a.
Norlhwestern. .......... 42L ssI
y o. releFred 6bt4 t0h -
lock Island ............l02L s5is 81
zoe and s Paul Az ~; EqsnJ
Ya -, "a. ssh -.
"a 6 ,oi; Isegrnrh M say az