The New York herald., 1867-07-20
FINANCIAL AND COMMERCIAL.


FRIDAY, July l9--6P N.
rhs hesitation which has been the leading feature Of
he stock market for than week still continues,
md speculation has become sluggish. The bulls are
guisty carrying their Stocks which the prevailing
ebuncauce Of money enables them to do without da-
sity. and the bears distrustful OF their own
swer the of prices extend their
future delivery to any considerable extent notwih.
standing the reduced earnings comparison with last
gear OF most Of Me leading railways The absence Of
ssieds support in the dulnes which has
Ssksn hs Market but probably under the existing
suen Of monetary affairs this will not se Of leng csn
Auauce Ter Is to the interest Of the brokers and other
spectators their sGsrts 70 produce
pctivty and saeysnoy. Il mus, DO remembered, hsw-
svsr that tho balls already all that they DESIRE
% fr nsssy facilities concerned and hat the
oAect OF absndaat harvest has beeA discounted.
The supply u money continues supsrabsndant Loans
ere freely the Stock ExcAAags at Ave per cent
As transactions as being exceptional generally
Ter small amounts only. while the leadng dealers IN
government secsrites have balances eft with them
Fear. The draia OF currency 10 The West asl south
b csuntcrbalasoed by the receipts this centrs and
Aere are ~ yet symptoms Of the banks Losing
rescy AZ present their Inability to enpisy all tho
fsnds ct their disposal is sho their failure preseat
more than small portion Of tho osmpsuad L1terest
nstss which natsrcd the 18th instant for redemption,
Me amount has far redeemed at tho Sab Treasury
having been about 81. 500 900 only, and nearly the
whole OF the outstanding are held by them as
portion OF their reserve. is stated that the gsvcrn-
neut deposits In tho national banks Of this city aad
State the LIST instant aggregated $S0ss 0oo in
Sf Philadelphia 81. .65i, ,o5l, and in these Of Boston
tA2i32I0 making total Of 50, 27l These fgares
interesting with tue resoluHoa
IN Congress 70 the elect that In tho judgment OF
the House national banks shsuld be used
a. af t,rtti f,~As xyhA ~
surer Assissaat Treasurer Of the United States
has his sAce The resolution embodied the public
senrnent the subject and It is satisfactory to learA
Nat the deposits low in the banks Of Tho Aan
Mo ctee on the date mentioned In the discount line
esere Is No change 10 note Tnere is worry little COM
perciai paper onering Gose scrutiny Of names
tti observed That OF the best grade passes at per
cent at tho banka but inferior names dhcaIs Of
hegotiation.
Railway shares firm at the early sessioa Of the
spcn board. and Rre sold flL, but the market
Aul AT the arst regular board there a moderate
degree OF activity, but prices moved rreeuary Glove
laad and Pltsbary declined from 81 y to So who Hudson
River advanced TO u.s. aud Western 5nsn Teiesraph
tsx. Hudson River closed 4 higher than at tho
Nne yesterday, Rock Island u. Northwestern pre-
ferred -, Western Union Telegraph 1h. Michigan
Southern was y lower, Cleveland and rittsburs IA
Northwestern K. Milwaukee and ST. Paul 4, Ohio and
AlSsissipPt oorthoeleS Cduvon oeVefnuens
securities showed increasing hrrnness, bat they
lightly dealt In. Coupon nvetwentss Of 1854 advanced
"a issue 1895 seven-thirty netes OF the secoad
series ~ Tho State stocks were dun. and Tennessee
nxes ,newl declined y, ard North Carolina SKIES -.
At the o'clock open board the market was lrmer,
And at the seesRd regular board II was slightly higher
bat duli New York Central ossed u higher thas at
tAe regular board Erie " Hudson River u, Cleve
land and Hitssurs Z, Reck Island u, Milwaukee and
g. Paul u, Do. preferred " Pacific Nail u. Wessern
Unon Telegraph n Government securities were firm.
Ssupsn nve-wsaes OF Ise2 and the issue Of 1895
advanced Il. ApsAg the State stooks North Carolina
sixes advanced Y.
At the half past three open board the market was in
active and fNs0A lower Brio sold al 1913, New
York Central at 49, Hudson River a. 1lek Michigan
usuthern at TO- Rock Island at 9oH, Northwestern n
I4zs and Western Onion Telegraph at 4sH. susse-
sueatIy there only trihing amount OF business
transacted at six o'clock the following quotations
were currea,-New York Central. l0ek "; Erie. ToH
a "; Reading l041s u; Michigan Southern, 'sx
TO- Cleveland and Pltsburg, 90 o.; Rock lsiaad soa
n; Fort Wayne, l02 u; Northwestern. 44H u; do.
preferred, 7oh . x; Cumberland Coal, Ss Western
Urion Telegraph, 4s1s AK.
There was A enlarged volume of business trans
acted In gevernmeut securities at tho esuntcrs OF
The leading Dealers and at the close OF business
ne market was Arm at the subjoined quotations: -
Registered, 1881 ll01s "a; coupon, 1901 iva
k: nvetwentise, registered 1852, 1854 100;
1ve.tweutes, csupsn, 1852 lllK y; Hve-tweutss,
coupon, 1854. 100 u; fve-swenties, coupon. 1885,
losx a "; nvs.twentes, coupon, 1895, January and
July, Jos Y; Gvetwentes, csnpon, 1851, January
and July l0Sh u; ten-forties registered, l02 u;
tsnfores, coupsp, 1915 ~; August sevep-thrties,
llYX x; June ssvea -thirtes, MY AZ; July seven
shirAes, l1Jh = Y; August compounds, 1864, ils
X; October Do do, lis 1lsk, December do do,
11Txa 4; May sonf eunds lse6, lle11 y; August
d. do 10y Ak; September do do, lisa a October
d. do, Ii4xax
The gold marke, opened at 40 aad advanced TO l4o,
afler which t los It's 1rmness, and gradually declined
e 1921 Lsans we're made without nteres. and at
"a per cent for carrying. The gross clearances
ansuuted to $50 TAI, 900 and the gold halances to
ai1ls 3p4 cable despatch Announcing further
Increase OF the bullion in the Bank Of England tended
90 check operations for rise based upon the demand
fer con for export
The foreign exchange market was quiet and under a
ssmswha. better supply Of bills buyers were ndispoed
% pay more than i0s the leading dasers ior thir
sterling at sixty days Bankers bills on England At
sixty days. lloK az; at three days. llok q; CON-
mcrcai bills, 1925 gs bills on Paris =, sixty days
AJAX 5i2Is; at three days, 6i1E slo. Other
Continental bills were rated thus