The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-10-24
FINANCIAL AND COMMERCIAL.

active to-day. the extreme range having been from 1851
l4S[ with the opening transacoas at l43h and lie
cioshg l4Sss The latest quotation the street
was ll2tf 1886 The demand for gold continues
active, and loans made at 4. l-lo s-32 304 5-6i
T0s l-s2 per cent per dem respectively favor OF the
ieader OF tho coin This indicates the extent Of
"snortn interest made IN anticipation OF tho effect
OF the disbursement OF tho November interest
the public debt amounting to s24, 900 600 srge
portion o. tn is however due TO fore bondhoders
aud cash remtances will have 10 be n ade accordingly,
unless where the ineres, Is diverted
20 the plrchase OF fresh honda The gross clcarings
sos 2ss 600. the gold balances % ST. 29d-
TO- and tho currency balances 70 ss,2SI So
The stock m srket has been teyersh throughout the
DAY and on the whole. heavy, while the alterations
Of strength and weakness more frequent
than Yesterday A decline established In
every stock on The list and Fro at one time touched
co. The street Is becoming bearish by degrees,
md the bal cqges restless npder their heavy load
and anxious 10 rcalizs Money IS, however, in album
ssnt supply ior the rne beng at seven per cent.
although there arc below this rate,
An government securities. In the dsco9nt line never
theless there Is no Improvement, and prime CONNER
ala paper very difcu Of sale, at per cent
above legal although the banks sin quote
seven The pressure upon the latter FOR accommodation
great that they only respond 10 small part OF
the applications made TO them, and they limit their
favors their best and pressing customers which
incude tho Western banks, whoss necessities are
urgent those OF our ely merchants, who minge, In
many instances indignation with regret at tbs treatment
their paper receives from the hanks. II 70 somewhat
remarkable, under these circa instances that more
foreign capital not finding the Atlantic
Hr employment here Money Is 9rea, drug as 1t
In EaglSnd although the Bank o. Amsterdam
has jus, raised is late OF interest from aud half
70 three per eort Tho Bank OF Eugart rate is stiii
two per cent point which has been reacned only twice
within quarter Of century and the Lowest in us his
tory; capital seeks vaniy for employment where it
rs consderedso while all Europe IL fun Of needy
borrowers Oniy nrst class credit Gmpie collateral
security wins upon the confidence Ct money lenders
ana thus With plethora OF loauabe funds all SIDES
h u icut % borrow. II is ike "yeier, water every
where tot Mt drop 10 drink All this is the
result or .ha distrast created by financial panic Of
year ard the maintenance Of the rate OF discount at
ton per oalt BY the Bank OF England long after the
necessity DR. 1t tad passed away Legitimate enterprise
and speculation received shock then which they haye
yet fully recovered frcm. With q market
here ho,cver which will pay per for capital
loan and with United states per cent gold boar
ing secsiios at point low tha. they be pur-
chased fraction 90 in com, Will be surprising
the resent inducements TO employ foreign capital in
ths cnntry longer disregarled, and particu
ary Nth consols which pay emily three per cent per
snnuh, selling at "a IN London.
Goiernment securities steady in tone but quie
n t coanors of the leading dealers, and Tho DISPOSE
renof all but those identified with the 'shor n,erest
tebuy rather than 10 sell them-thc belief In q sharp
recovery from the recen, speculative depression Deing
general The TACT that the iyetwonties OF 1865 are
thee per cent cheaper than those Of 1869 the
foegn demand TO turn, extent. IN their favor;
bit the equalization OF the quotations for the 1925 and
lte5s will involve time, although certain TO take place
..f,t
svery respect excepting that they have three years
longer to run. Those who sell governments and buy
hgh-prced railway shares viii lnd before long that
shey have mado q serious mistgke, for while the gold
bonds selling considerably below their real value the
others at point considerably above It, The market
closed dun at the srbjoned quo,aons:-R Sistere1,
1881, lliH me-; coupon, 1881, ll1h li1S;
b2o's. registered, 1862, ll3l ia; 5-oos coupon,
1862 ll2R ll2&; SOS, coupon 1884. 400 a 109k;
s2o's, coupon, 1865, 1923 lo9a; do. do. January
and July, 1ooS 1855 6-2os coupon, 1897, 1864
1909 l0-40s registered 100 l0o&: 10 io's, COUPON
lo03s 1905 gold 1iSs 1917 June 1905, lo4;l
lo5 July 7.So's, lO4ss a los: December compounds,
1854 1lsl; May do, 1855, li71. 1l7G; August do
DO, ll5h a lI56 September DO. do, ll514 1l6;
October do. do, il5h 1l51.
Tho stock market weak at the commencement OF
business under pressure TO sell both 'short' and
SONG stocks, aud a. .he early Of tho open
board New York Central sold at l10S lloA; Erie,
M; Hadsou River. I2J1; Reading o6is s6a4; sichi.
gan Southern 59s 79a.; Cleveland and Pl,'sbury, 50
s24; Rock Island 95& s5E; Northwestern, Az do.
preferred CO. Fort Wayne, 97S; Western Union rce
graph, 3S5S 3J4; Paclc sail, l4sH; Atlantic Mail,
INK
At tho hrst regular board tho market active but
heavy, Ere declining from TlS to 7oa on the call; bit
on he second cali there general improvement
New YORK Central closed liz lover than at the
tme yesterday, Erie 2'l, Readng24, Michigan South
ern ~, Cleveland and Toledo "a Rock leland North
western &, do preferred l, Fort wayne y, Milwaukee
and ST Paul . do. preferred ~, Ohio and
Mississippi certificates y. Pacific Mall ~ wess-
srn uaon Telegraph IL. Atlantic Mail wa 4
hsshor Government securities were frm and cou-
pom nve-twenues OF 1855 closed e higher, new
sue Of 1865 X issue o. ieo7K seven thirty notes
second series. y; third r. Skies OF 1881 we're
lover Among tie state stocks Tennessee SKIES new,
wire Z lower and Nssouri skies higher. Erie de-
sed dsl and tho rest OF the market weakened cor
respondingly, but q rally succeeded and at the
one o'clock open board NsE YORK Central sold
~ lloZ; Erie 7i< 7i4; Reading. sIk; Glove
iani and Pitsborc So t2A; Rock Island,
p7s. s7K; Northwestern, t7'4; do preferred,
s5T<; Hudson River 125; Western Union Telegraph,
49, Cumberland Coal, 81; Quicksilver, IT, Following
the cal there further slight advance. but at tbs
second regular board the market again owed droop
ing tendency. New York Central closed i lower than
At The ntst regular board Rock Island " Northwestern
u. do preferred 4, Milwaukee and s. Paul ~ OHIO
and Mississippi certificates Pacific Nail =. Ere
" higher Reading Il, Cleveland and Pitts urg X, Fort
wayne x, Milwaukee and g. Pau preferred lE, Quick
silver y. Western Union Telegraph H. Government
securities steady but dali.
A, the open board a, half pas, three thu mMke. was
weak and unsettled, and Ere sold at 7o@; New York
Central, l104 11oM Reading, qT9 a9r.f: Michigan
Southern, TsA 7sy.; Cleveland and Piusburg, ST..
Rock Island. as1; Northwestern as; dc. preferred,
49,; Ohio and Mississippi certificates, ceis. During
abe rest OF afcrnoon the market nueie,ted fever
sshly and at six O'Clock the following quotations