The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-22
FINANCIAL AND COMMERCIAL.
wspssspAY, August 21-eP. T.

FINANCIAL AND COMMERCIAL.
wspssspAY, August 21-sP u
me RAILWAY share market has been unsettled to-day
- ~ tassrvais presented weak and demcraiizsd
0RpeernAoe Tho ball cliques in OF the leading
speculative stocks are staggering under heavy losd
and sndsavong tighten their burden In preparation tor
fns coming chasgs 10 the condition Of monetary Affairs
NJ this CENTRE Ers iu particular shows that kind Of
weakness which might lead to "nurry" ss any mo-
ment and the street regards IL with more than usual
dstfus Meanwhile the market IL without outside sup
pou, sa1 there 10 prospect Of fresh buyers among
Che bsoke and professional spectators coming in until
pricss have experienced further decline Al the same
ens II 10 unlikely that before The year closes We shall
witness another bull speculation based upon the in
CREASED earnings Of the railways resulting from the crop
sAovsmsat.
The increased inquiry for money noted yesterday was
st'i more percspbls to-day and the great majority Of
lenders ndspossd 70 accept less than Eve per cent
Tor money rssuruabls on demand There we're ransac.
tioas on government securities Al FOUR however such
esng the general rate for advances this class Of COL
batsrals and Ia instances where four per cent
1oaus on mixed coatorals marked up to ve they
,Wsrs paid on showing that the borrowers could get che
Nsosssay aocommodaions elsewhere at the lower rata
hs drain Of currency westward continues and there is
- bsiak messosnt az capital I'll over the West caused
Svths maksaag q the incoming crops In the discount
eas tssrs u hs saas tendency u higher rates that
- aoticoalie With regard 10 call loans The
49, grade OF oomnsrciai paper s quoted at per
sat Tie banks prefer employing their funds on cali
% discountias. and hence Of them decline con-
stdsnng application at lower than seven. Pro-
ducs Paper carefully scrunized owing 10 the rapidy
with which grain being marketed and the anticipation
or consequent decline in breadstuns
Al the early session Of the open board railway shares
wsrs heavy and dull Erie selling at 6oI and New York
Central ~ l0Sk. At the first regular board prices
experienced further decline under moderate pressure
% cell. Erie and Michigan Southern being the weakest
OF tho railway shares Eric closed lower than at the
sams time yesterday Reading Z. Michigan Southern
Ia Rock Island ", Northwestern Is, do. preferred Il,
Fort Wayne H. Ohio and Mississippi certificates u,
Quicksilver TX Canton I, Western Union Telegraph ~.
New York Central vas 4 higher.
Government securities rather heavy. Coupon
Svs-twentss Of the three first issues u lower
pom skies Of 1881. u, tenfories ~ thires Of
che third series T. The State stocks were lightly dealt
In. and Tennessee SKIES of the issue declined ~
while North Carolina skies advanced x. The express
shares wore quiet Adams sold at TAX. Wells Fargo &
20. 81 oeH, and Merchants Union. with 80 per cent
paid, at " al7x.
Al the epsa board at one O'Clock the market was
heavy In toas but prices without material change
Atthe ssoosd regular board thers was improve
ment. New York Central closed j. lower than at the
Arss regaas board. Michigan Southern ~ Rock Island
y, North western IS do. preferred q. Western Union
Telegraph l. Erie vas higher, Hudson River n
Quicksilver u.
Government securities were heavy and dull. Coupon
Avstwootlss Of 1852 declined q, Issues Of 1895 "
registered ten fsrtes ~ Tennessee SKIES new declined
x. Tue old express stocks steady Adams selling
- u v4k. and American at 70, while Merchants
Vnton. ws>eS0 paid, declined 4, selling at II. test
800 be- In the Crosit Court Of the United
SatsS befbO JsaUs Nelson. On behalf Of number Of
- duiuG1aat sAarsAoadses Of the Nerchants Union
Anpsso osueany, - sssssn ~ thrsAtsasd eaaee,la
80 a thslr seck, we'll I'll TO collect the
~ Usemd Of ths action being variance b.
ssss9 ~ taYcess ed powsss Of the compssy = 81
srh In ~ pssspsctss which the subscriptions were
sAtasssd anAsthe asssss u association under which
che executive committee now act, and which, It Is
alleged not shown, their contents made known
- sabsorbsu.
Az che halfpast three opsa board the market weak
eAsA and nris declined 70 90. Subsequently II ductu
GsA csvssAiy and six O'Clock closed unsettled Erie
esag especially droopnR q the following quotations:
New YORK Osatral. 10lX los; Erie. esX -: Read
aaG 1e0X . lol; Michigan Southern cox y; Osvs-
nand anA Pssssburg OK %; Rock Js,aaA, loaX ~;
Tort Wayne, lo3x 104: Northwestern, az Ak; %.
prsfsrrsd, ssk %; Pacific Mall, ll7 II; Ohio and
niissisappt ssrtocstsa seH k: western Uniea Tss-
graph, x3k *
ne seiewiag tabls shows the prices Of the leading
saects Of the 6rss board to-day and month ego. To-