The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-10-25
FINANCIAL AND CONNER GAL.
THuRspAY. OcL 90 P. NJ.

the floating supply Of coin The opening trans.
actions 1885,, from which point there was a
gradual decline 70 1928 and subsequent recovery 10
li24 1922 a tue cose, out afterwards the ls3
bid. There bFisS borrowing demand for gold
but he supply larger proportion 70 tbs demand
ihan was yesterday. Loans were made at l.1s l-S2
io4 2ei and Ss4 per per diem respectively il ia
vor OF The lender OF The coin and without interest Tho
gross cleariugs amounted to $S5 s26 OOO tue gold bal
ances 70 sseo,637 and the carTeney balances 10
Sl42o,556
The money market well supplied With capital,
and there ~as only moderate demand for loans from
the Stock Exchange, which was freey a. per
sent In the discount line there - however change
C note, and the best grade u outside commercial
paper is with difficulty disposed Of either a. the banks
the note brokers, afa PER cent above tho
legal rate although what little the banks take to accom-
modnie their customers generally passes At = The
drain OF currency westward y At present almost en-
sircy onsoi 81 ire pts from that section Accord
ing 10 tia abstract u the quarterly returns OF the
national banks ar this city, prepared BY the Comptroller
the Currency sut teegraphed from Washington, the
ejaculation deposits amount together s2s5 00o 0o0
Ar legal upon Which would be sol $50 600,
sols 600 less than liz banks actually hold, namely
SCI, sos, coo. Az sEplana Dry accompanying the
despatch The aggregate Of circulation deposits
10 be about $3.50 0o9 on which OF only
S47 100000 would IL required whereas the reserve
seing So 600 O00, per cent in excess OF the re-
asired There is discrepancy here which
calls FOR explanation but probably the abstrac, Is cor.
Eect and tho accompanying note bunder
The railway share Market has been weak and IN.
settled, aud the bull cliques appear at their WITS
and 70 devise ways and for carrying ont their
programme Eric aud Northwestern common two OF
The worthless or the non.dvidend paying stocks
are tho only props that just support specua.
ton for RISE and they liable 10 break down any
time although those manipulating them 10
carry them bigher II they can; bat (. viii be Ike
forcing water to up hil sud the reaction,
when It does come viii be sharp short and decisive
The extreme depression in Milwaukee and st. Paul
due part 10 the or stock held BY merchant of
This city recently deceased advance of the stock
Of The serchsHls' Union Express Company to 80
wAhin per cent OF the amount pad up, al
though followed By relapse q is construed
unfayOrabs TO The old companies, and there
some disposition shown to sell their stock in
consequences, and in this connection there is
rumor ancat OF proposed consolidation OF all the
old companies under common name and manage
ment The bull cliques tho stock Exchange viii
probably their efforts 10 rally the market from
tho depression OF the last few days they have lost
the support Of the street 20 grea. extent and the
outside public ID ndisposed bu. non dividend rail
way shares a, present prices.
Government securities wers duh and steady At the
counters Of the leading dealers during the morning. but
IN the afternoon there was 80 improved demand, and
the market became strong There is large "shortr
interest st outstanding, and the bears xious to
'cover their contracts but find that thes caunot do
without materially Advancing prices. The borrowing
demand 10 active that everything the list
loaned without interest, technically speaking 'da
The low prices Al which the six per gold bearing
stocks selling attracting capital from other
INVESTMENTS, snd ihe continued glus Of capital in
~Europe i likely 70 lead to further large
Purchases OF the avc .twenties or 1862 and 1885,
the only Issues which have vet found a
foreign market The semi.aanu interest on these
will fall due tho ist o. November AT the close the
narke, firm the following quotatons:-Res-
tercd. 1881, NIX nix COUPON 1881, ll1i. HIS;
1-20s, registered 1852 ia ll4 520s coupon, Ise2,
n2S ll2's 5-20s, coupon, 1864, los ios4. S2o's,
coupon 1865 1921 1895, do do, January and July,
106'5 1918 sos coupon, 1867, lo6A 1875;
io-4os registered, 1907 = 1907; lo-4os coupon,
100. 1905; gold, 1925 l43; June 1905 lo4A
l05; July 7S0s. lu4& l05; December compounds,
1864, 49,. Hay 10, 1896 III, NIX, August do.
do ll6s, . Il6a.; september do DO. H.. ll6;
October do. DO, ll5,4 49,.
The stock market arm az tho commencement OF
business slight advance the closing prices OF
evening and there evident disposition the
part OF the bull olques stimulate advance Ere,
Al the early session Or open board Sow York Cen
Hnl sold at llls llii4, Enc III . III; Reading,
BIS; Michigan southern - 79l. Rock Island. 95ll;
Northwestern, Az 40 do. preferred, 65st Fort
Wayne 91A; western Unioa Telegraph, So. Pacific
Mail, l45s li5I.
AT the regular board the active out
settled in tone although there marked decline in
any the Milwaukee ST. Paul stocks and Msrposa
preferred New York Central closed Z higher than At
iana ana Ptsburs = Fort wayse - Atlantic Mail Il,
ouicksiyer u. Western Union Telegraph T. Michigan
Southern was i lower Northwestern i, do. preferred
n Milwaukee and - Paul =, do preferred Ia, ONO
and Mississippi certificates X Faclac Mail = haT'posa
preferred . Government securities were steady and
coupon aye-twenties 81 1862 closed : lover
q lse, Il. state stocks were duh
Al The open board Il O'Clock the market
steady and New York sod a. il07s FIRE. 10
Reading s9tl Michigan southern, Tsts 49,; Ceve-
land and Pittsbgr 81 Rock Island esf, acts. North
western. 46s. DO. preferred 6s. s5h ron Wayne.
s7s. Western Union Telegraph, 3as s8i,.
AT the hall. pas. Two regular boagd the market was
dull and heavy, and ths Milwaukee ard st. Paul shares
continued especially weak under saies u long stock.
New Yors co.sd * lower thaa a. tie drst regu
lar board Erie :, Reading -, Mca gan Southern -.
Cleveland and PIt,shnrS IL Rock Island !. Northwest.
i, preferred i, Fort wayne =, Milwaukee, and
St Paul ., DO preferred ohio AMI ssssippi certin
- Pacific Asl 4, Quicksilver i, Western Union
Telegraph x. Government securities Grn but
quiet Fiye-twenues OF 1885 new and is6s advanced
K Mis- ssipp gSes declined l.
At the opea boafi ~ Aaitpas three prices rrac-
tlon higher in instance. but unsettled feeling
prevailed. New YORK Central sold At tIot. Erie, II
Hudsoz River, - Reading, 96s; Michigan southern.
77,S aim; Cleveland and Pt,ebafs. So. as0a Rock
island, 94ss Northwestern. lG'1 46H; 10 preferred.
ss,< Fort wayne, 97A western Union Telegraph, 3s'
3d.. subsequently, tho market improved, aud
the demand for Erie was stimu sied BY runogs
concerning proposed change ~ manage
nenL circulated FOR specGlativs effect Al SIX
O'Clock II steady Al the saboincd quotations New
York Central liO7. III; Erie, a.. 5ls, Hudson