The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-09-15
FINANCIAL AND COMMERCIAL


SATURDAY, Sept H-6P NJ
sThe railway share market has Ieen unsettled to-day
ey conflicting opinions With respect 10 the bank stae-
tnent the immediate futare Of the money market,
but it closed steady prices not varying materially
from those cnrrsai e commencement OF business.
The volume OF transactions rather light and the
Speculative feeling taiDe.
} At the early session of the open board New York
Central sold al 1881 1855; Ere, 69I CO.'S:
Hudson River 1885,; assding 1929 1927; michigan
Bouthern, 81 o 62tsi Cleveland and Putsburg s1si;
cleveland ard Toledo l2a I2sIz; Rock Island, 1881
aIoszs; Northwestern 455s dc. preferred, 70; Fors
Wayne, 1861 hi ases aud St. Paul preferred, 655s
t66N wessesn Cnion Telegraph, AZ.
At the frs regular board the market was rather dull
and Irregular New York Central closed z higher than
III the same time yesterday, Hudson River q, Michigan
eou,hern * Cleveland aud Toledo =. Erie was x
hover Readas a. ncgs Island z, Northwestern y, dr.
prsrerred <. Fort Wayne =, Ohio and Mississippi
kincatss * Government securities were hcavy aud dun
Coupon Of 1852 and 1896 declined ~ issue
Or 1854 n tsu-ioriies q Missouri skies ad anced r.
The express shares were quiet Ada.is advanced y,
selling at Co. American declined l, selling at 65
J. At tho open board AZ O'Clock the narke. was q
fraction lower portion Of the list and the specala-
hive feeling New York Central sold at lOSL
10sx; Eie, 90 6s56; Reading, 1928 l02ss; Hicn-
gan Southern Sik Ciegeiand and Pnts5urg s71<; Rock
1sand, l031S Northwestern 45sk do. preferred COX
peK; Fort Wayne lolA; Hudson River, i3ix ss3)
Milwaukee and 81 PAM preferred 651s; wesiern Union
Telegraph, Is. During the rsst Of tho afternoon
The market was dili aud without substsn-
Bal Improvement, owing 30 the reported changes
IN the bank statement the week. The Will
probably decrease OF abon. four millions in legal
Bender notes and millions deposits, and
IN increase n millions Tho decrease in legal ten
dsrs is main owing drain into the Sub Treasury
10 pay for gold sod ~ tho Toe sales thus
FAR In the month have aggregated about three millions
nearly the hoe Of which durns thu present
week The nsrke. steady the close, a, half past
I'VE, a. the follow prcss:-Sew York Central, 1851
, lOsh; Er e 6oH 99t&; Hudson, 1895 1885,
Reading 1872 1887; Michigan southern, SIX sl5S;
cleveland ana Pie, burg, s7H; Rock Islaud, 1887
aosx; For Wayne, 1919 a 1885, Northwes,ern, 454a
15H; do. .procrred- 60 697s; Pacific Mail l4l
lllH; Ohio and Mississippi cerlincates, 271 Milwau-
kee and ST Paul preferred, 6sH eois. The express
Bhares were quoted tnus;-Adams, Go u 500; United
ntates &C., 81; American 65 u a6s
The gensra. rate tor loans was sx per cent at
which Of pew business was transacted but not
lFithstandin Of Ave per ceut have In many in
Stances, been eft uudisusbsd, and first class houses
were. in few offered large amounts at this
figure The demaad from Stock Exchange has fallen
on, owing the subsistence Of speculative activity
which marked he first thrse days OF the week, and
hence the banks unable employ all their available
funds at per cent but they prefer allowing portion
Of the latter remain ide establish tho higher rate
Is the rule nssirg securing full
ploymen, FOR oil that they The rate of discount
FOR the bost grade OF commercial paper
strictly scvcn per cent Khan the beginning of
the week, the exoenonai transactions at SIX and
ono half are few and limited TO short dated paper
There moderate business transacted 10 govern
nent securities at the OF the leading Dealers
but eel ers predominant, aud henc, prices con.
0nued TO favor buyers. Fine market closed dull
1t the following prices: = Registered, 1881, 111X
b 111X; coupon, 1881, INK a NIX; 620's,
registered 1862 Io9G a 109I; sos, coupon,
1852, 1l4H a 1l4+; d., 1854, 1927 1922 do, 1865
S1oX 11i1S do, January and July, 1919 1857;
t-2os coupon 1867, 1919 lOsS; lo-lO's. regis
ssered. cox s92f do. coupon, e9 e99l God. l44s
lax; Aug 81 T-S0's. 1861 o7H; Juae 1905. lO7
l07K; JGiy 1905 10I lo1I; OCTOBER compounds
1854, lIsX il9sG; December do, do, l1s1s lls%;
Nay do, 1866 1l55s MY; Angus, do do, 1l6K
1leX; September do DO, 1l5I 1i5}s; October do
o., I15H ii1gs
The privilege o. converting seven-thirty notes OF
The Issue which gnataTed the 18th OF August
Asased this afernooa, and 1t estimated that four
ave milliona are sti outstanding. These will DO
deemed Ia currency presentation at tbs Treasury
ub-Treasurios The OF those notes at the
eub-Treasury since the let OF August have been ~ io