The New York herald., 1867-07-18
FINANCIAL AND COMMERCIAL.

/ WEDNESDAY, July ks--o r. N.
The railway shars market nrm until early in the
afternoon. when became heavy tns previous duusss
having prsdisposed il to decline II is noticeable.
however that there marked abatement Of the bull
ish feeling which has atterly prevailed in the street.
and that higher prices confidently anticipated by the
spsculston Cor rse There Is al the time
cesson OF outdo support and the earnings OF most OF
the leading railways compare unfavoraby ust now with
those for the corresponding period last year. Neverhs
less 90 long as monsy continues cheap and abundant
as il d at present thss is likelihood Of break dowa
On the Stock Exchange. The least valuable OF the
railway shares have thus fr advanced the most.
and they have already passed the point st which il is
safe TO buy theu, either for investment otherwise;
but some Of the dividend paying stocks which have not
yet fully sympathsed with this bull movement still in
vito attention, and in view Of the monetary conditions
affecting tho market they be reasonably expected
to 60 higher. BY this, however, DO not mean TO ad
wise the public 10 become buyers
The money market continues very easy i've per
cent with exceptional transactions at four and six
Tho Treasury is dsbursng slowly in payment Of the
interest due the 18th inst the July third series
of the seven-hirty ioan well Is the principal and
interest Of the compound interest aotes which matured
on the same date There is activity in the discount
line, and closely scrutinxsd; but the best
grade Of commercial paper taken atss per cent,
and in some Instances ate
At the ten O'Clock session OF the open board railway
shares were firm. New York Central sc,d at 106k !;
Erie, 72tl e; Hudson River l12ii y; Michigan
Southern s0k 81; Cleveland and Plttsburg, 93ii;
Cleveland and Toledo 12is.; Rock Island, ss1< -:
Northwestern, 40it "a do. preferred, 70I S Fort
Wayne, 1924 az; Western Union Telegraph, 4sal e.
Al the lr.t regular board the market doll but
stcadv. New York Central closed 4 higher than at tho
same time yesterday. Hudson River 2ai, Michean oen-
tra 4, Cleveland and pitishurg l. Cleveland and Toledo
I. Rock Island q. Northwestern ~ do preferred y
Fort Wayne a, Atlantic Mail -, Western Union Te'e-
| graph H. Eric x lower, Reading Z, Michigan
Southern a. Milwaukee and St. Paul preferred u, Ohio
and Mississippi certificates p. Pacific Mail x.
Government securities were rather heavy. Coupon
Ave twencs of 1864 declined u; issue of 1885, x
tcnforties, y Five-twenties Of 1868 advanced 81 o.
the siao Stocks Tennessee declined y. and the
issue g while Virginia skies advanced x and Mis-
! souri, skies 4.
bu. rm. Erie selling at 72's, New York Central at lOi
and Rock island at 9s Al the second regular board
prices generally lower and the speculative feeling
tame. Erie closed 4 lower than at the first rsgu
lar b5ard Cleveland and Pittsburg q, Rock Island e
Northwestern ~ do preferred u, Toledo, Wabash ant
Western "a, Atlantic Nail 70. Mariposa preferred u
| Hudson River was ~ higher, Reading "a. Govern
ment securities somewhat nrmer but dull ant
coupon tlve.twenes OF 1865 advanced a. new issue u
Among tho State stocks Tennessee Of the new
| issue advanced x.
| At the half-past three open board the market va
| dun and trihe lower New York Central sold at fO6a
| Erie. 7iss x: Reading, 104ss; Michigan Southern
SOY; Cleveland and P,tsburg. e2A; Cleveland an,
Toledo 12l Rock Island 9S,s North western, ASK az
| do. preferred, 70ss n; Fort Wayne 1903 10. 10,
| Western Union Telegraph. 47ll *; Canton, 40. Sub
sequcny there material change either in price
tho temper OF the street. and the subioned quota
tions were current at six oclock:-New York Central
lOs,s ~ Erie, 7i,s u: Reading 1Oi,S X; Michi
| gan Southern Toh q; Cleveland and Pttsburg o2aI
| q; Rock Island ssk u; Fort Wayne, 1o2,< ,s
Northwestern, 45is; do preferred, 70H ~
Government securities cautiously dealt In at tn
counters of the principal Dealers and the disposition
sell stronger than that TO buy. Az the close
business they were steady at tho suboIned quotations
| Registered, 1884, l0oL a 40; coupon, 1884, 109M
l1os; hvet~en,ies, registered, 1862, 1oss1 1os1
hvctwen.ies coupon, 1862 111ss u; nve.twentics
coupon, 1854, 1887 1o9n nvotwen,ics coupon 1895
| 109E "a nve-twentiee. coupon, 1885, January an
July 1914 10S; nvetwenties, corpon 1867, Januar
and July, 1879 1os; ten-forties registered 1918
1902: ten-forties, coupon. fo2 H August hires
1l7h x; Juno sevsn.thirties HIS y; July seven
thirties 1I7a< ss; August compounds, 1854, 11sX
1l9H October do do, 117zS 1lsX; December do do
1171sa AZ Nav compounds, 1855, 1Iok X; August
do. do 1i5H ,l September do do lisa u; October
| do. do. 1l4kah
The goii market opened at 14of. an advance Of Z
upon the closing price OF last evening and up to
the transactions ranged at and within below this price
after which there steady decline to 1884, the clos.
ing quotation. large amount Of '1ony gold sold
yesterday and to-day and IL believed that the Treasury
vas q seller this morning. The gross ccarances
Amounted to se,5l7.oOo aud tho gold balances "a
$1,842 1877 The steamer Aeppo took $672 900 iu
specie and the Etna Sos oo0 while the Java from Bos-
ton, took s1s2 ooo American silver quoted al 6<
"a cent below the price Of gold and Mexican dollars
| arc rated atio3 a =, in gold.
The foreign exchange market remains nrm, but buy
reluctant to pay moro than 1lo,s for bankors
sterling at sixty days and there very little business
dong Bankers bills on England, at sixty days were
quoted at 1IoKa u; at three days, 1i0is u; CONNER
cia billie, 1905 AZ Bills on Paris, al sixty days. l3s
5Iek: at three days, 5iiys $40. Other con,nen
| tai bills we're rated thus
| Is1ursrs' Comm srr;ar