The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-09-10
FINANCIAL AND CONNER GAL.


The railway share market has been irregular to-day,
H. tendency during the forenoon having been dropping.
while In the afternoon It's course wa reversed. The
feeling Of unfasness which prevails with regard to
ltical affairs Washington has some influence in de-
terring persons buying stocks; bat apart from this
che outside public has taken interest affairs the
Stock Excha,go for many months past. The bulls are.
however, still taat there VIII be brisk specu
laton for bore year closes; and considering
thAb there 10 nothing in the condition OF
political matters which should materially affect
values or the prosperity Of the country and that the
earnings Of the rail greatly enlarged and likely
60 continue for consiirabI length OF time TO come
it improbable that this expectation will bs realized
The bears, the other hand. express confidence In
lower range prices and talk goomiIy Of the future
but the night is darkest when the dawn Is nearest in
Wall street, wei elsewhere, and there is no know.
ing how change may the spirit Of the
1sy-dreams OF both bulls and bears.
AZ the open board at ten o'clock railway shares wore
heavy, Erie selling 69S, Cleveland and Pittsburg 49,
Milwaukee and ST. PAU preferred 67A At the first
regular board the msret Sas rather dull but steady.
Erie closed u lower han at the same time on Saturday
Reading u, Rock Island u, Fort Wayne u. Hudson
River was = higher, Northwestern preferred a, Nil.
wsukee and ST. Paul u. Government securities
dull and barely steady Coupon hvetventies Of 1864
and 1895 declined u. Tennessee SKIES advanced u,
shares Adams clined x, selling at es1S; American
advanced u selling a 6s 6s14; Merchants Union
n lower, selling al o.
Al the open board at O'Clock Erie declined to
osK, and tho rest OF the market partially sympa.
snized AT the second regular board there
was general Improvement in prices, and
The speculative temper more confident.
New York Central closed e lower than at the frs. rcgu-
Lar beard, Erie a. Northwestern ~ do. preferred n,
Western Union Telegraph Il Hudson River was ~
higher. Government securities dun but steady.
tennessee SKIES new, declined a. The express shares
were quiet, aud Adams q lower selling at 67A
%. Merchants Union. with so paid, sold at 81
Attic open board at hafpast three the market was
generally steady, but Erie declined Il, selling at 6s =
Reading sold at 1925 lo2a Hudson Rvc.r. 1881
1857: Michigan Southern, s2's; Cleveland and PITTS
burg, IS lex DIVIDEND; ROCK Island 1o4 b. 1O North
western s4JS; DO preferred, 7Osl 7OI; Western
Onion Teesnph 43H During the Of the afternoon
the market was firm, Erie selling up to &c. and at six
O'Clock the following quotations were curent:--New
1ork Central 100 1867; Erie. es5s 6s7i Reading,
1l2I 1l2A; Michigan Southern, s2A s23S; Cleve-
land and Pi,tsbure, So a SSH; Rock Island 10in a
a04H; Fort Wayne, 1864 106; Northwestern, 45a
lSX; do. preferred, 7O6 70h; Pactc Mail, 1431z
1lA Ohio and Mississippi certificates 274 277s West
ern Union Telegraph, 43'l 43's.
SHOWN
government securities counters of the dealers
and tho ma .zet weak at the close, tho quota
lions being subjoined Registered, 1881, l11,1
NIX; coupons, 1851, l1l5s lllgs; eos, regis
tered, 1852 10914 l09N; do. coupon, 1882, 1l45i
1l4H; do coupon. 1864, 1925 lo9A; do, coupon,
1865 11oa4 III; do, January and july 1857 1887;
DO coupon 1867. 1854 10S9s: 1o40s, registered, 90
ao9H; do coupon, 99al 9a7S gold, 14is lax;
August zoos. lo7H lo7as: June do, 1929 1879;
July do 1918 1919; October compounds, 1864 lio
1leH; December do do, lis l1s4; Nay do. 1865,
117h 1l7ss; August do. do, 1863 1885 septem-
Der do. do. 1l55s a 115zs; October do do, 1863
11SH.
The earliest transactions In the gold market were at
a42X, from which there momep,ary decline tn
142A, followed by advance before eleven o'clock to
l4S and about half two 1895 the highest point
Of the day relapse took place afterwards and the
closing quotation 1917 l43H. Cash gold was in
supply and loans made without interest, the
only exception be;us por cent for carrying. Tho
gross clear ngs amounted to 000 The gold bal
ances to ss55,slO, and the currency balances to
el27114O The sharp rise in the premium was manly
due to vague aprrehensons growing oct Of tho Prcsi-
dents amnesty proca,ation but although the aspect
Of political affairs troubled there nothing at present
20 Justify the The country is passing through the
ordeal Of reconstruction and ultimately will return to
che condition in which 1t was antecedent to the war
nlaycry and tho finances excepted. Revolution ana
counter revolution will fail to impair the real strength
and stability OF tho government, aud neither the rise
nor the fall Of any political party aec, the material
welfare Of q great and growing ration like this.
There is no NOTICEABLE, change Ia tho condition of
monetary affairs The supply of capital IL in excess OF
shs current requirements Of Wall street. ani loans
made freely at per cent government securities
and as On m xed collateras, with tho majority Of
transactions a. per cent. There is slight increase in
che amount OF commercial paper Offering for discount
but the grade IL still quoted at per cent, with
most Of the business legal rate. The statement
OF the associated banks OF this city the week ending
on Saturday has tended to strengthen confidence In
continuance OF tho prevailing ease. l. shows an in-
crease in tho legal tender notes OF si,72ls4 in net
deposits o. si2so 79s In loans Of s23l6, sos, and in
specie of G95o2l whilo tho circulation has decreased
tse5o The drain Of currency westward during the
week was Oh O very moderate scalc ard nearly ali the
remit ,ancos were made in national bank notes The
totals Of the present and previous statements sand
thus:-
Loans .............. S24I s77 coz $3.50. 22t 500
kpecic. .......... ...... 1871 sos 7.l6l6l9
Circulation. 33,7i5.l2S 3l.oSl!2
Deposits. :. ............ 19lSe23l5 l9o, - ii4
Legal tenders o! "5.'S.i 20. o. oo- 80
Ciearings. .............. 3s55o1 6iS AT, ,01 3s5
Balances. ............". l9,l07,5i0 lo,452es2
AT the same time last year the condition Of The banks
vas as folloss aud differences appended those
Aawscn the two returns ds.d respectively September