The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-09-01
FINANCIAL AND COMMERCIAL
sAruapAv, August SID p. n

iNANCiAI AND CONNER CiAl.
, ~~~>~~~~~~-~>~~>~~r->
SAruRpAv August SID n
The railway share market has been strong to-day
although dull, but the fact that stagnson falls 70
matsrsaly dspress prices u argument In favor OF
ouh speculation when n becomes ripe for activity.
here srs yss outside buysrs however, and con-
ierng the danger, amending operations on the Stock
4 Ichaags the puoic viii do well 70 keep away from IT.
The week closed upon very easy money market.
es supply being considerably In excess OF the demand
a three and ous cent on government sscuris and
-Four and ave mixed ooaserals. while the leading
dealers In goverumsnts offered moro than they
required n from 10 three per cent By private
1snosn The discount hoe continues dull, and nrss
oass commercial paper quoted at per cent. with
nost OF the transactions the higher rate The state
ansnt or tho associated banks for the week will
be very favorable tu comparison with the
previous on, The legal tender notes will probably
show IN increase uliions the deposits Of two
and half millions aud the specis OF more than MIL
dion while sAs loans viii show decrease Of between
'chfse and four millions The increase In che specie
leads TO the Inference that the Treasury has again
a seller In excess receipts this port Il
IL estimated Treasury has disburssd during
che week from to niue millions the purchase OF
oeven thirty notes On Thursday ST. 7c0 900 was dis
bursed In redemption Of compound interest no:es and
yesterday $l.Sd0 00o Further purchases Of seven
ahrty suspended 6y Treasury for the
being.
Al the early OF open board New York Gen.
tyai sold ct 10j3S Ere 70x (b3,: Reading l04k;
Michigan Southern SO SlH; Cleveland and Pttsburg,
94x; Northwestern 46is; do preferred, 7s,S 3i Ohio
end Mississippi certificates, 27x.
Atths nrst regular board there moderate demand
for the leading stocks at sight advance Michigan
po.l
strongest OF the railway shares tho latter selling up TO
ssH. New York Contra, ctoaed 4 higher than at the
sams time yesterday. Fro y, Reading x. Michigan
Soahsrn y, Cleveland and pilsburg 4. Rock Island y,
Northwestern a. do preferred y, Ohio aud Mississippi
certificates ~ Pacific Nail ~. Government securities
were steady ct the ociock CALL and at they
were firm with increased scivty in coupon 6vetwen'ies
Of 1852 which while the OF the list sold
at yesterday mornings prcs excepting -thirties Of
the third series, wni-, advanced e. Tennessee Sizes
new. declined x. fhe sxpress shares were quiet
Adams sold 1t Tx a - j. and American nj II . u
A. the open board clock the market remained
arm:-Nsw York Contra sold At lo5H 70. 81; Erie.
70k; Reading, 104h Michigan Southern, 81: Rock
xsland, lo3X 4 North westsr,, Ask; do preferred
Sox Fort wavne. 1914 10. i0l; Ohio and Mississippi
csrtncates, 27K; Western U on Telegraph, AK "a -;
Adams Express, TAX a Is: American. II. During tbs
ess of Ne afternoon very confident feeling prevailed
the bull side II market, and quarter 70 SIX
O'Clock the following quotations were eurrsnt:-Nsw
Yors Central, 1851 *; Erie, 7oK y; Reading l0lk
*; Michigan southsrs IA. sSX . a: Cleveland and
Pit.sburg, ~ 4; R'cs isaud, io3x Y; Tort Wayne,
106x . 100; Northwestern. 46K x; DO preferred,
1ok Is; Pacific Mail. lax las; Western Union Tss-
graph. Sax.
There . rsthcr brisk busass transacted In gov
securities be OF the leading dealers,
and the would b cornersrs
bears whe heavily 'shor, II stu going forward.
Several foreign Arms, largely "ong" Of hvstwsatiss
but who lent their three four days ago for
terns Of from ten TO twsa,y days and thea sold
sagainst them In the expectation that they would
b abas 70 borrow 70 make their deliv-
cries In the meantime have been caught in
tie trap Designed for them BY those who borrowed the
securities and compelled 70 buy beck the stocks they
pesma.ursiy sod al hsoss hgSrss because they found
- Impossible 70 borrow rhs cornsrsn appear 70
have laid their plans with great sdrotnsss and par.
italy relieved themselves thereby Of . heavy load
which had dsprec iA'sd their handa 1t Is 70 be
grseed that the practice Of sstag governments 'shos
b becoming commoR Wall street, and that tempts-
too thereby held 10 tie bulls 70 mako bonds art
Actaiiy the price temporarily.
II government nuctuats violently under
speculative influence, tue dsainotion Which 10
made by money suders their favor will disap
subjonsd prices:-Reglsser-d, 1851. ll0k . l1ox;
coupon 1884, INK NIX; 70 registered, 1862, 100
loox 20 coupon. 1852 li4x lltx; do 1904. fosK
. no, do 1855, llo'S III; do January and july
1osk losx; do 1851 los iosx; 1910 registered
90 ssK: 1910 coupon, 1921 . 1855; August $780,
l07x 107x; June 30. l01x 1o1z; July 7-3o. lo7k
q lo7x: October compounds, 1884, llsi li9x Decem
Der do ll7x liss; 10, 1885, III 117k; August
do. l1e lle4; September do, li5x lisx; October
d. IFS 1lSK
the gold market has ruled slightly lower thss yestsr
day. consequence Of the rsasurng Of the foreign
sdvicss and the absence Of disgusting Cabinet rumon
from Warrington. The opsh,us price was l4lx. fol-
lowed By decline 10 i& aud subsequent advance 10
lk1X, the CLOSING quo altos having been lllH 4.
me supply Of cash gold abundant, and loans
made without Interest aud 81 per for carrying
and 1.64 per tin hoadav for borrowing The gross
scearnss amounted &4is44.ooo the gold balances 70
ti,lTsee3 and the currency balances a. 1o3 0i0.
The daily range Of The market during tho week Ia thus
shown:- Hohex Loo>a
.1ondAy ................. LAX l40x
Iuoe4Ay Isl
WeoueSooy. LAZY 1917
EnoeSoAy l4l2
Enoey ....ltzS l4lA