The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-31
FINANCIAL AND CONNER lAL,


FRrDAy. August S0-e r NJ
Heas railway share market has Sns~a more ANNA ion
tnaa Il aid yesterday and prices have improved under
nodsrs demand The leading stocks and an absence
FL pressure sell. The prevailing monetary ease.
together with the salsrgs1 earnings Of the railways are
operating in favor Of the bulls and the bears appear
ispcsed put contracts foe future delivery
present Tho bulls sanguins that sns Increased
saeslpts Of the ss,,ways wsf bring new BUYERS Of
socks asd that the next two moaths will witness
Arisk speculation far r,ss Notwithstanding the more
sctivs demand for money. which VIII Pro-
saby spring up n October The bears admit
khat tn bulls get prcss up but u that event they
eook forward selling them short" largely and reap
Sns harvest Of profits BY the subsequent tumble. To
sell sshort" now, however, 10 considerably more dan.
eerous than 20 buv although for the time being 10
nsrsly brokers' market
There 10 NO change 70 aots IN The condition Of the
onsy market The supply Of capital Is excess Of the
present limited demand and loans made freely By the
banks four per government securities and tour
aad i've on xed collasfas while the leading dealers
q governments Siii fully supplied by private lenders
~ three. Tho discount line a dull. ana nrs.
elass commercial paper 10 rated 81 six aud
psvsa per cent. With all bat exceptions trans
actions ct the higher dEurs The large reduction Of
sAs balance IN the suh-rreasury during the last fev
AAys attributable maiaiy TO disbursements in redemp
don Of compound interest and account Of
>Ssven-thiry purchased during the week About
million and three quarters Of compound notes have
tesn redeemed during last two days and he total
OF those presented the Sub Treasury slncs the
nth inst Is stated to have fourteen millions
snde hsir OF which thirteen mllions aad half have
Hosu paid. The Of currency westward continues
hight IL gen rally expected that the statement OF
associated banks the week will be favorable
comparison with the last ons
Atths ssrly session Of he open board rswa. shares
were drrn. and Ere 500 1t 69T, Rock Island 1885,
Cleveland and Pitsnatg 93X A. the ors regular board
che market steady At the previous improvement
Erie CLOSED u higher than At tho time yesterday.
Michigan sou.hcrn 4 Cleveland and Pttsburg u Rack
rslaud " Norhsestera u, do. prsfsrred H. Fort
Wayne X Ohio and M,ssB,ipp certificates Is Cove
land ana Toledo wa, 4 lower.
Governmsnt securities strong, and coupon nvs-
swsnsiss OF 1862 sold as high ll4S
Sng operation several houses in tho street having been
short OF these and other bonda Coupon sixe, Of
1851 advanced Z, issue OF 1864 y Issue OF 1855 q,
svsn-hiry notes OF the third scriss y. The express
sharss experienced further reaction from tho recent
~sdyapes. Adams sold Al Is . &. American Tx 70.
United stated u and Asrchants' Union, with 80
paid. lax.
~ the open board At ono O'Clock prices we're higher.
Hxie sold n 'o. Michigan Southern SO. Rock Island
WON NOW AorS SeutiAi iVo7t. NJ tno s-conu
tcard the market strong In tone. bal III New
York Certrai closed higher than at the FIRST regular
scard, Ere u. Reading u, Michigan Southern u,
Cleveland and Pi,tsbarg 4, Northeastern x, do. pre-
fssrsd y. Fort Wayne y. Psc1o Mail tx. Quick
SILVER r.
Government securities we're dull. Coupon Hve-twen-
Nss showed advance Of V, aud the issues OF 1865
decline Of V. Am ing the express shares Adams de-
stined L. selling at H. and Unitea 5sa,es advanced u,
se,Ang At 12H
Al tbs board at half past three there ma
ssrsl change 10 prices, but the market showed
- improving tendency. Erie sold A. 1871 Clsve-
And and Pitisbarg ~, Cleveland aud Toledo
1851. Michigan Southern s2X, Northwestern 46,s.
During the Of afternoon tho volume
lions WAS light, but closed firm tho iol
lowing qnoiatens:-New York Cealral, 1857. y;
Erie, 7ok Il; Reaiing, i0a,I 4; Michigan South
en-. 81 X; Cleveland and Pt,sturs. 93X -; Rock
tsand, 1851 y; Nor,nwes,srn. %sX a 4; do. rrs-
ssersA s0K u: Pacific Mail, la liS; Quiz and MS
SAssppl certificates ajax; Western Union Telegraph.
<ssK; Adams Express ~ n; American. II a IL;
Uniisd States, r24 70: Wells Fargo, osH 0siz;
sMsruhSnts' Uucn, 20 paid. 10 1T The American Ex-
prsss Company has declared dividend OF ton per cent,
sayAbAs on October l. from WHICH 10 TO be inferred
"a the old conpaaies still able Al ri dvideuds,
Notwithstanding the CONTEST shsy wagng with the
ssw Company isastg sfz
The prices Of the leading stocks n tbs nrst board 10
GAY compare with thsss currens on the same das