The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-07-04
FINANCIAL AND COMMERCIAL.
wsDHmpAy, July SO p. n.

~~~~~~-~~~~
WEDNESDAY,, July SOP y.
me railway share market very nTn this morning
pgoes being higher than q the Gloss Of business las
evening" and, although about noon 1t became souewha'
AYsgula brisk demand for al the speculative stocks
~ In during the Afternoon and quotations we're further
advanced The upward movement materially assisted
~ the extreme abundance and chsapnsss Of money
Sssns having been made freely to-day At per cent
- Govsmmsnts and . on railway and other col
hssrala There 10 too, very little employment fol
capital outside Of the Stock Exchange. the supply Of
commercial paper Offering for discount being light The
bsss grade passes per cent and the next best al
X ~ The crop prospects continue highly favorable.
anA hence the railways extending westward, and par
tsuarly such - like the Chicago and Northwestern
OTaiu roads, will experiences large increase OF trafhc
Aould the harvest prove TO b abundant. The outside
psblic however. 10 take little interest a.
PEI Ia the present speonations the Stock Exchange
cheerful feeling than has been observable tor
nsasly year prevails among business men, and II 10
snerally believed that the deprssson which the trade
The country has experienced win be succeeded BY
corresponding reaction. This expectation will probably
- realized and . steady appreciation Of values win
IKE place. strong reaction from the stagnation and
sprsssion which followed the financial panic Of last
In England has sss IN there also, and eonsos lately
aesks failed to rise to the same extent because the
public, still timid, preferred consols for safety; but
adualy confidence will DO and Ill casses
sound dividend paying securities, - we'll - business
generally will be likely 10 participate In tho improve.
nsat The panic referred to directly traceabls 70
b Termination Of the in this country and Me effect
peace having been fully discounted, corresponding
ecovsry ID only natural Thus both sides Of the
Atlantic We shell see financial and commercial Affairs
Improving under the influence Of restored confidence
"a an abundant supply Of money At the ten O'Clock
essicH Of the open board New York Central cold II
~; Erie. e7X Ak Hudson river, lloA; Reading
eex; Michigan Southern, 7s% . 70; Cleveland and
sasburg. sex u; Rock Island. ok "; North.
ssssrn. 4sx 4; do preferred, COX q; Fort
ayns, 1ooX lex. d.; Western Union Telegraph, A5H
3; Pacific Nail, l4oK.
~ the nrst regular board the railway share market
b active and strong, and . general Improvement IN
css took place. The express stocks were quiet but
m. New York Central closed X higher than d the
me time yesterday; Erie *, Hudson river Y.
1ehigan Central n, Michigan Southern az, Glove
md ana Toledo ", Rock Island TX, Northwestern
Do. preferred TX, Fort Wayne y, Ohio and Mis-
ssippi certificates x, Pacific Mail Il, Cumberland
~ IN. Western Union Telegraph Il, Adams Ex.
ess !, American Express Y. Government securi-
eFere very arm and moderately active Coupon Ave.
sestiss Of 1868 advanced u. ten-forties Il. seven
lrty notes Of the second series u. Among the State
osks Tennessee skies Of the issue advanced u;
prth Carolina skies y, while Missouri skies de-
med Il.
Amer the call the market was somewhat irregular,
u The one o'clock session Of the open board New
prk Central sold At los 1854; Erie. o7K X; Hud-
River, ITO 1lox; Reading. 1921 q u; Michigan
athern, 7oX q go; Cleveland and Pittsburg, soX H
box Island, ok u; North Western, leh u; do
eferred, o6h *; Fort Wayne, 100sS Q y; Western
aion Telegraph, l5X AK.
There was no later session either Of the regular
open board, but brisk business Was transacted In
ower ball Of the Stock Exchange and Afterwards on
street. the market being buoyant up the close, at
lrpast ave, when the following quotations were
pl:-New York Central 1854 4; Erie osK Az;
sding I0oh "; Michigan Southern, 7ox; Cleve-
ID and Pittsburg, sex u; Northwestern, 10: do
bferred, OF u; Rock Island, o7X Az; Fort Wayne,
bkaX.
Ne understand that Mr.. Henry Keep, the President
the New York Central Railway Company, eontemplates
aguing his once very soon In consequence Of the
surs other dutiss and that his successor likely
b either Mr.. Baxter or M. Fargo.
nero was Q moderately large volume Of business
nsacted in government securities across the counters
The dealers, and tho tendency Of prices upward.
&swsnsiss Of the new issue Of 1895. known - sandy
bpson's" and they sold up to look. At the close Of
Illness the market Vas strong st the subjoned quota
hs:-Rssistsrsd, 1881, 10sX . 1o9h; coupon, 1881,
" n; $40 registered. 1884, 1o7k . y; $40
pon, 1852, IloX *; $50 coupon, 1884, lo7K .
"; $40 coupon. 1885, 1917 1osX; $40 coupon,
s, January and July, 1867 y; $40 coupon, 1857,
y X; 1910 registered, lo0X lolK; 1910
pop, lol . v; August T-ao. 1o6x q y; June, 100,
xa y; July, $50, 1oek X; July compounds.
a. llo . Y; August do, do, llsk 11s; October
do, 1l7k lis; December do, do, III Y; May
1895, ll6x . y; August do, DO, 1l5k AZ;
btsmbsr do, DO, It's ~; October do, do, Hay
T.
me gold market was strong and advanced from 1881
ne opening 70 1881, with the closing transactions At
r. The supply Of coin was In excess Of the demand,
loans were made without interest and 1t . per
4 for carrying The meeting OF the extra session Of
hgrss operated In favor Of speculation for . rise,
there was considerable amount bought In snsioL
ion Of Q higher premium. The bears o. the same
. seemed disposed to "cover" rather than extend
k contracts their opinions respecting the future
~ Of the market having undergone modification
specie shipments to-day consisted Of $4,000 By
Palnyn, and $4,000 BY the City Of New YORK;
Ne IN. Gina Gina iron Boston took eiss,ooo.
n foreign exchange market 10 steady and Gull, with
m updsrtonA Bssksrs' bills bn eusiand, d sixty
n we're quoted u Ito y; 81 three daya llox ~:
smssciai bills losx AZ; bills on Paris. 81 sixty
% Alsx Ai2x; s three days, AioX . alox
~ continental bills we're rated thus
s s:.n'Is r. snx m1.S::mmx
s.:..sssa .........: q sSs :Ss :Ss