The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-09-06
FINANCIAL AND CONNER clAL.
TsuRp.y. Sent. Sd P. n

iors )ust returned from the country and they bas'
ther argument in favor Of higher prices upon The pre-
vaiiing monetary and the enlarged and still in
srsasing receipts OF the aways during the crop
portAiOn. The speculative apathy OF the street for
weeks past is however, against them, particularly
Erie sill remains drag upon the general market
Nevertheless, it will be singular II, with such
nm unusually abundant harvest aud substantial
appreciation OF real values bull speculation in railway
shares OF some magnitude does take place before
hng, however Afterwards il may be followed by
Tho inevitable bear movement by which the margins OF
outsiders invariably "scooped" into the po'keis OF
wan street.
honey continues in supply al four per cent
government and first class securities and at
Eve on ordinary mixed coiaferas although thsre are
exceptional Transactions on these NJ FOUR ana the pn-
opal dealers in governmenls mainly supplied oy the
Banks At three The demand from the Stock Exchange
% sill made quats TO absorb all The funds seeking EN-
psoy nept and the applications for discount are on
very Moderate scale. First class commercial paper 10
suotcd at s = per cent.
A The early Of the open board railway shares
slightly lower than at the close Of business last
evening" New York Central selling at 1861 u, Ceve-
lsnd and Psburg ex-dividend. $50, and Erie 7o5s 1t
geneay expected that the transfer books Of the latter
company will be closed Saturday next preparatory
30 the annual election the 9Th of October but
chat fact Will probably DO officially announced by adver
sisement to II believed that the speculative
director holds large amount Of cash stock but thar be
has sold considerable portion Of this sellers option
which have not ye. maured and hence opinions differ
- 70 whether his next will be for fall
xhoee however, who likely to DO well informed feel
vary confident TO the direction it will take
Al the first regular board the market . fraction
Oser in instances but the in Others. Mil
vaukee and ST Paul preferred being the strongest
No railway shares Erie closed y lower than at the
nDe time yesterday, Hudson River y, Michigan
sooshern y, Reading a, Northwestern =, Ohio and
Mississippi certificates a. New York Central was Il
higher. Rock Island q, Northwestern preferred y, Mil
waukee and St. Paul preferred =. Government secur
0es moderately active and strong. Coupon sizes
Il 1881 advanced fve-tsentes OF 1862 4, OF
1906 4, ten-fores a. State stocks were quiet and
Tennessee sizes new. advanced q. Express shares
weak and active. Adams sold down to 70, decline OF
SA from the price current yesterday morning. Ameri
can was per cent lower, United States 50.
At the open board at O'Clock the market firm
aad prices slightly higher Ere selling at 10Y
Milwaukee and st Paul preferred 67IS, Cleveland
Ptsburg 3d. Adams Express 69k. AT the second regu-
hr board the market firmly supported. Hudson
Ever closed 4 higher than the first regular board,
Michigan Southern IL Rock Island 81 Northwes "a,
do preferred a. Milwaukee and ST. Paul preferred Is
Government securities strong and active Coupon
fsstwentes OF 1864 and ten-forties advanced " Ten
nssses skies declined u, and the issue advanced a.
Among the express shares. Adams and Wes-Fargo
Is higher, but American declined z
At the BALI past three open board there undmin-
ished Grmness During the rest OF the afternoon the
market steady and at six o'clock the following quo
saiions were current:-New York Central, 1865 "a:
Erie, 7o5s y; Hudson River, 126i. "; Reading,
lo3k u; Michigan Southern, s27s q So; Cleveland
and Pittsburg, $50 Y; Cleveland and Toledo. l20
X; Northwestern, 46T "a; do preferred Il ";
Fort Wayne, 1861 n; Toledo, Wabash and Western
ASK ssn; Milwaukee and 81 Paul, 90, do preferred
~ u; Ohio and Mississippi certificates 27si q IS,
Western Union Telegraph. Az. a NJ Psc.nc Mail l44A
sI45
There moderately brisk business transacted in
ACKNOWLEDGEMENTS at the counters OF the leading
Dealers and the closed strong At the subjoned
prices
Registered, 1881, 11lh 1lls; coupon, 1881, 1l2s
lr2A; eos registered, 1862 los& . 1927; 52O's,
coupon, 1862, 1ls1. ailAa; DO. 1854. 10Y 1loil;
Co., 1895, 1i1h a ulA do. January and July,
lssx q I0sE do, 1867, losK losTs: l0s0s
registered, Sss u; 10 <0s coupon. 9sa< 100; August
y30s Io7k los; June do, 1917 Is; July do,
fo7h =; October compounds. 1854 lis7s llsH; Do
ssmbsr do, 1l.5. a1lsa; May do, 1855 III NIX
August do, lls llsx; September do. llox ilss4;
october do, IFS llb4.
The goid marker was strong OF tue uny naV-
ing been i42 ls2S with tho closing transactions
ai Il2ss y. The supply OF cash gold was abundant
and loans wers made without iuteres, and At Ia2 per
can't for carrying The gross ciearngs amounted to
SS 0oo the gold balances to $685. 7l9 and the
rsacy balances Sl47153l Tho present tendency OF
she premium supported by the large demand for Gus
tems duties, which averages more than half million .
day while to-day the advance in the rates Of
foreign exchange, and rumor that General Grant had
denounced the President dsloya and intimated his
stepuon OF retiring from the Cabinet were noe without
eject although there confirmation OF the latter
Ths statement Of the public debt just published shows
shai Treasury held 81 e42l54 less coin on the ls
Inst than the LIST OF August, without deductng the
gold certificates outstanding we dedoc, these, We End
shat tho Treasury had 3s5 OF coin In us actual
swnership on the Is, September and fs3 AL 2lS on
the let Of August; from which u is 10 be inferred
that the sold nearly to the fc extent Of its
receipts !, is now expected thar these sales VIII
b greatly reduced IN amount, rs the disbursements
N payment OF interest the gold bearing
debt and for other purposes viii be heavy during the
merit few months The september interest on the ten
forty loan now being paid aggregates s4,si7,o the
November interest the eve twenty loan win amount
to nearly twenty -four mious and half tho January
Interest on The various to about twenty mil
rone and the redemption Of bonds which mature At the
end o. December the present year about mill
hons in addition the pay Russia for that ter
r,tora luxury wslrrssa rhe steamer Union, for
Bremen, took out s2i2, III IL specie
owing to The scarcely Of foreign bills OF exchange
svswers advanced their rst.s for sterling fraction, and
the market for continental hills sympAhissd partially.
BANKERS bills England, a, SIXTY DAYS, we're quoted
al 1885, ia; AZ thrrs days lco5s lioi5 Conner.
sial bIns les 1923. Bl1s Paris, al sixty days,
Sick as; ~ TIRES oays, slsi. s13s
p.f~t~ rft. rkpt Sat
board Rocky NORMAN closed CSC higher than ., Vie
same tune yesterday. selling al 81 60; Asrmou Gold asd
silver 25c, sailing al 1875; seussnderfer lOc, selling
q sii Is: EdsshIi Mining &c, ssIng % s. o5
corydon was iOc lower selling AZ 81 so New YORK and
Eldorsdo soid At o. os; New York Cod, 81.
The statement OF the public debt, dsisc september
shows that four millions Of Uuiisd states nocs NJ