The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-09-11
FINANCIAL AND COMMERCIAL.


Tho safway share market was DAN ana barely steady
30 morning, but In the afernooa 10 gradually dsvel-
tpsd increased strength and activity, and closed With
improving tendency. Some Of the brokers and ether
tssnisaal spsculator having become tired Of the mo-
netony which The leading feature Of business
N NE Stock Hxchsays Of late, are trying 10 engineer
bull movement, whcA they do while money 70.
mains easy provd they possess the necessary courage
and capital They that there Is large 'short in
tsvsss outstanding watch may be turned to advantage,
provided they got control Of the Market and their
ultimate object is Of course. TO UNLOAD" at
the advance and 60 heavily 'short" when they
win labor ssslduousy 70 create panic - they will
pssviousy initiate Their present argument IL
that railway companies will DO In better financial DO
elton d bgsnn ne Of next year than before
end that money has been diverted from the
stockholders and employed In improving the psrma-
mont way, rolling stock and property belong.
10 % them that the roads will likewise be In better
condition than At any former period in their history
There u Q good a al Of truth In this, but when they
become bears their arguments will be entirely changed
Every stock on the LIST vi" then be too high. will
- suddenly dspreca cd ami monetary activity aggs.
rated Whatever may tend 10 pull down what they
before built mp ~id bo resorted TO, until, thor shorts
ars ''cotered" aud they again long" on tho
&c., Wall street opnious are the wcathorcocks which
ssrve TO indicate the way tho speculative currents
setting and therefore BIO accepted with several grains
~ mental resersatioa Whether the bulls success
ful In promoting full rise not is matter Of
sequence to tire public, who have thus far this year
carefully avoided STOCK Exchange. There is moth
ing however, TO prevent rise as present and much
70 encourage IT. bal by oil means let the speculation
confined to the brokers aud other professional spectators
Money continues very easy u q per cent on gov
eminent securities. and on mixed colaterals With
the majority OF transactions At There lie limited
amount Of business doing In the discount line and The
best grade Of commercial Is still! rated at per
Cent The demand for ans from the Stock Exchange
s owing to tho dulne:s Of speculation. insufficient
absorb the supply Of available capital and lenders
ere anxious about keeping their funds employed
$ban guarding against extension.
Al tho open board At O'Clock railway shares were
fraction lower in instances than at CLOSE o:
business last evening and extremely dun Erie sold
SS3; Reading, I0as Northwestern, 4s,<, and do. pre
tsrrsd at 7oI At .hs nrst regular board the market
was dull but steady. New York Central closed u lower
than at the time Yesterday, Eric u, Rock Island
Is, Northwestern X. do preferred Il, Milwaukee ana
o. Paul l. do. pref FRED u, Pacific Mali u. Hudson
River was az hign-r. Rendug " Government securl-
ties were active and nrm. Coupon SKIES OF 1881 sd-
tanced u, five twentos OF 1892 ~ Issue oflS65 e, ton
fortiss u. Tenn ssoe skies advanced 4, issue n.
Express shares rather heavy. Adams was TX
tower. American TX wels-Fargo1.
At the open board O'Clock the market was firm
ct IN advance OF n s per cent, Erie selling at cox,
New York Central l03 and Cleveland and Pttsburg at
sex. AT the second regular board there was farthsr
advance, and the cala,ive fseiing waslsrong New
York Contra closed higher than at the Hrst regular
board Erie l. Hudson Rivera, Reading e, Michigan
Southern x. Cleveland aud Tosio 11l Rock Island u,
Northwestern preferred Y, OHIO and Mississippi cerd-
oates 4, Pacific Mai H. Quicksilver y, Western Union
Telegraph * Governments securities were steady, ex-
csptng coupon hss.tweuties Of 1852 which declined r.
Tennessee sixes, advanced y. Among the express
shares Adams steady e5S and United States de-
clned Merch .u,s' Union, with 30 paid sold at 20H
A. the open bard half past three prices .sl
Ia the ascendant and the demand for stocks moder
atsiy active. while the offerings were small. Erie
cold at 108X 1868; New York Central l06K a
1851; HUDSON River 1881 1856; Beading, 1857
o. 15); Michigan southern, s3k $50; Cleveland and
Pittsburg, $50; Rock Stand, 1o4>s; Northwestern,
A6K; do preferred. 707< 71h; Fort Wayne, 1o6
Cleveland Toledo l29; milwaukee and st. Paul pre-
fered, 67x; OHIO and Mississippi certificates. 2sH
z8k. During the Of sne afternoon the market
strong and at six O'Clock the folio wing quotations
oureut:-Ncw York Central, lo7H l07A; Erie, eeK
Q 6ox; Hudson River. l3AH 1856; Reading 1881
1oak; Michigan Southern s3;< s3's; Cleveland and
Pistsburg sok soH; Rock Island, lo4k lolx;
North estern, A84 459s: do preferred, II . Tx;
yort Wayne. 1905; Oa,o and Mississippi certificates.
2sk; Pacific Matt, l43,l 143i1; Western Union Tce
graph AK . 49,; Milwaukee and st. Pau, preferred
ak ae7H.
The gold market was less excited than yesterday bat
Il was never firm. and especially so during the
afternoon, the ice =, ono time rising to 144. against
lAsx II the commencement OF business The closing
transactions in tn. room l43g. The supply Of
cash gold aud Ioaas were made without inter
est and at per for carrying. The gross clear
tncs amounted 70 SOS DOL 600. the gold balances TO
Il 7ls ESQ., aud the currency balances to 81 $50 100
There considerable activity In government secur-
dies at the counters OF primo pal dealers and at the
close the ssady ut tho subi,ined prces:-
Registered, 1881. 1ils5 III; coupon. 1881. lliI
l12K; 520s register 1882 1921 lo92<; 520s, cou.
pon 1852, l141l max: 2o's, coupon 1864, 1905
YooX; 5-2os coupon ls0S. 1liI llli4; DO do Jana.
sry and July 1888 1857, sos coupon, 1861, losS
l0sk; 1o40s reg stored, 99x ss}s 10 4os, coupon,
oox psz. gold, 14aI IA; August, 7.3o's, 1875
1o7a; June TAOS, oTf io7is; July 1905, 1919
ro7x: October comroun Is 1854 1io; December no. do.
ils . l1sk; May do, 1875 li7S li77Ei August d..
d. 1lex l10ss; sept,mber do. do. 1853 lls's o.
sobes do do. il6h llS'..
There was q vcry lin ted b1siness transacted u
foreign exchange PREF Tor Gamer
out the market staiv. Bankers bis on England,
ct sixty days, quoted looX no at three days,
LOOK 110k; commercial oils, 100 los%; bills on
Paris st sixty days 1914 SIS; N three days lax
aslsx Other continental bills were rated thus
3ra ers Commercial
On On Berlin Berlin; e.. i,s.ss ~
90 frenkftu.. ~ soS IVA
On Amsterdam. IA as sos. svH