The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-11
FINANCIAL AND CONNER cIAL.

SATURDAY, August 10-6P. n.
TIE railway share market experienced an upward
ssaction to-day which carried Erie n one time
q YOk. but the indications late in the afternoon
were favorable TO . relapse. steady improve
snsnt cannot bs looked for at present, although
With money cheap and abundant heavy de-
cline ID improbable The bulls in Erie appear to be
weak and dsmorzed and In view Of IL high price and
che baA financial condition Of the company the street
fss afraid TO hold e. Under these circumstances It's posi-
Gon e exceptional and may decline while the rest OF
ths market il comparatively arm. II u just now the
dearest and most reschsrous Of oil the speculative loot
balls In Wall street.
There Is no change to note in the condition Of mon-
e&ary Affairs the general rate for loans on government
securities being four per cent, and on mixed colateras
dvs The statement OF the associated banks for the
week d likely show increase Of half million In
legal tender notes and . decrease Of . million In
aoass, elevsn hundred thousand in deposits. and six
hundred thousand In specis.
AZ the early session Of the open board railway shares
were arm. Erie sold at 69k, Reading 104JS u. 81
Michigan Southern SIX, Cleveland Pittsburg o.
Rock Island lo2A, Northwestern 40 t. 81. do preferred
seox, Fort Wayne l05x, Western Union Telegraph 45H
NAriposa preferred 2lk Is. 81. At the first regular
beard tho market was firm with an advancing
tendency, the chief activity being IN Erie
New York Central closed &C. higher than at the same
time yesterday, Erie TX Beading X, Michigan Southern
*, Cleveland and Pitsburg Il, Cleveland and Toledo
y. Rock Island w. Northwestern IL, do. preferred TX.
Fort Wayne Ohio and Mississippi certificates y, Mil
waukss aud st. Paul preferred IL, Atlantic Mail H.
western Union Telegraph u. Pacific Nail was X lower.
Government securities wore moderately active and
steady coupon hve-twsnties excepted which declined
n Among the State stocks Tennessee skies, new were
pressed for sale and declined ~ The express shares
we're quiet. Adams sold at 73K.
Az the open board a. one O'Clock the market was
strong, and Erie sold up to 70x The express shares
,sympathised with the general improvement, and Adams
adyanosd to "a and United States TO 75x, while Mer-
-ohaats Union With $50 paid sold at 1o1; New York
Central sold at lo4X: Erie, 7oh AZ; Reading, 1861;
Michigan Southern, SIX q; Cleveland and Toledo,
124k; Rock Island, 1929; Northwestern, tx;
western Union Telegraph, Ask !; Pacific Mail.
llsx subsequently, Erie declined to cox, but
covered again, and prices gradually improved. At
nix O'Clock the market closed steady at the
subjolnsd prices York Central 1o47S 105; Erie,
yok . " Reading. 1854 u; Michigan Southern,
s1x y; Cleveland b Pittsburg. GA ~ Rock Island,
1o2X 1eS; Fort Wayne, 1o5X e; Northwestern,
<TK X; ditto preferred 7oh 4; Ohio Missssippi
CERTIFICATES FIX q; Pacific Mail l45h . X; Western
Union Telegraph, 45K Ak.
There Was q light business transacted In government
securities at the counters Of the Dealers and the market
closed dull At these prices: Registered 1881 III nix;
osupoa 1884, 1l1X 49, hve-twentiss registered 1852,
1oex 1lok do, coupon, 1862 l1sX l1aX DO. 1864.
40 ll0K; do, 1885, 11oX 1loX do, January and
July, 1osx l0sX; do, 1851, 1854 1851; tenforss.
fsgstsred 99k oo<; ten-fortss, coupon, lo2X 1o3;
gold, 1l0K q 140A: August ssven-thirss, 107X .
10sH; June do, 1oTx lO7x; July do, lo7% lo7S;
Augsss oompounds 1884. hex l1sK; October do,
1fsx l1sX; December do, 117x 1l7X; May do,
ASS. III NIX; August do, 11o 11ok September
-da, lis l15x; October do, 1I4K l12x.
The gold market was steady, tho range Of tho day
having bssn from 14o to 1907, with tho closing snsac
tasas u l4oH The supply Of coin was more abundant
than Tor days past and loans were made at rates
varying from 1.64 to S0 per cent sill Monday. The
gross cearings amounted to $s7747 o0o and the gold
balances $14o2os The exports OF specie to-day and
Tor the week are thus onicialy returned