The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-05-11
FINANCIAL AND COMMERc IAL.

FINANCIAL AND COMMERCIAL.
FRIDAY May Io--S p. n
rhe railway share market has been duIl ana on the
whole steady today nris was rather quiet and its
nuc,uasions from e2x to ess, tho highest point
being reached ate in the afternoon. The diversity Of
opinion which prevails In relation this adding
70 the .short' interest," and this h probably whas the
bun combination, II there b one, delaying their
movements for. Ths absence or much outside support
throws heavy weight upoa the bulls and the bears
vigorOasy vesst every e6s Il thsrs 70 put prices mp
This hesitation cannot lee much ioasss, however.
and meanwhile Erie aces - drag upoa
the ret Of Ne market Tue general tendency
Of The latssr upward In the present sake q monstay
sss bat he speculative rssissanos mssls With has
che snscs OF couussraessg Sbs tho TINA being fhsrs
hno dninuhon n ~ surply Of capital available fss
uss on tho stock Exchange and loans nade freely
- four per cent governments and I've mixed col
iasvas with fsw sxcspuoas = The applications
Tor discount are on very moderate scale. and com
mssohl paper II the bsss grade passes u 70 PR
cent s6
Thsrs 4 growing disposition 70 take moro hepsful
'visw - the financial and commercial future q The
cosntry and among ne encouraging signs Of the tiss
Ne ness prominent III pssspsct Of abundant crops
Thspara isss a ~ whsas crop three tinss b SUE
osA has led 70 ~ present saermousy high and SIN
rag Price of four end in instances 70 The impor
tsassa o. foreign ers snd hence there y rsassa TO-
our being haa usually anxious 70 the result Of
the nsxt harvesk Flour y about eighty Per cent
above the aveags Of The last Twelve ysasa and The
stock the ws s reduced 70 extremely low point.
N therefore, important - u IL gratifying to learn
that ttsre larger Of land under grain cultivation
than has bsen for several years past and that the
accoants from the agricultural districts were moro
promising Within couple Of months new wheat win
b likely And It, way hers from the South, and this
cannot without effect lowering the prices Of bread
stu which are present higher in proportion than
anything else in the oountry. With abundant crops the
tno u the leading railways will increase and trade
gesently viii improve
~ the open board Il tan O'Clock railway shars were
heavy. New York Central sofd 1t s7k X; Erie e2x
Ak; Hudson, NIX y; Reading, 1oSk q; Michigan
Southern. e71S; Cleveland and PittsburG, TAX . u;
Fort Wayne, COX; Rock Island, 80 "; Northwestern,
sAkaH; do. preferred, cox = X; Pacific Mail, 12sK.
At the first regular board the market hrmer, and
prices showed advancing tsudsncy particularly afsr
the call New York Central closed lower than Ct the
: same time yesterday. Esis ", Michigan Southern Y,
Hock IsiaDd TX, Northwestern X, do. preferred y,
Fbet Wayne Il, Milwaukee and st. Ps1I preferred Il,
Ohio and Mississippi certificates " Pacific Nail Y,
~Cuabsrlaad Cod y. Boston water Power n, western
UsiSa Telegraph 4 Atlaatic Nail was highsr Gov
snnsnt securities nrmsr. and coupon Ave-twsn.
ties II 1se2 and the issus Of 1885 advanced 4.
Missouri sizes vsrs higher. and North Csruaina sizes
were ~ lower. Tennsssse SKIES were steady. The
Nanvtls Press Of The "a inst says of the intert q
sASstSss ds0t:- gsg sA GsN N M
BY Ter the grestsr position II the accrumg interest d
already provided ~. and ihe.s Win Be- dculsy "
setanine The remalndsr % that Tie STATE viii nest all
\ promptly u the day appeintsd sga 1870 IN !.
AZ the O'Clock opsA board ths market WAS stsadx
~ fractional advance Now York CnisaA sola q s7
Eris e2,s; Reading. lcsx; Hodsop. ~; NicAisan
Southern, s7k; Cleveland and Pitsssusg. TAX; Rock
Island %; Norhwssssfs. AK: DO pssfsrrsa, oox; Pa
A. sIs half.pas swo ssrulsr bossd III saarkss ~.
asahu dull Nee Yosk CsatrsI caossd y hsehss sbsn
- sAs arss regular boasd. Ens X, Hudson x, ROCK
Idaad Northwestern prsferssd 4. Ohio and lasippl
oerti0caIss =. Milwaukee and e. Panl VAS 4 lever,
Fsciae Mail y, BasA~~ wss~ Pvwsr v. 0ovsmmsas
securities dull bst steady Among he STATE stocks
Museum e's advanced y. = - sl. y s-sss Il I. 81.
AtsAs BALI pass shrss opsa board there changs
IN tAstempsf Of shs narsk and Nsw York casrl soid
q o5K Erie, ss,< -, Rsadias losK; hnhieaa soath-
e. -: Rock Island ss3S Northwsssssu, slx; North
wssssr1 pssfensa. sOKs IS: Port Wayne. sox tbsl
sshssaty ~ narkes sssady, hst insssivss
end haf pest nvs De following quotations
rsat:-Nsw YORK CcptyaL FIX . -; Ens, osx X;
heading. u y; Mschiyau soashssn, s7x -; CIsvs-
land SD Pitssburss M y; Rock Island, ssS X;
Sir wayne, ssk X; Nsrshwsstssn, sax x; Ncssh-
western preferred. eox n; Pasias Mail IA y lask;
AtlAnAss MAIL - IS; Chic - nissssapqa ssss1ossss
s2x -: we,ssrn Us'on Telegraph, laK : x; csssos,
q ~; Cumbsriana, 3ox > -. Il assSNsg
Government securities although quiet were nrm u The
eoss = Susnse spsshy fsr Avs-swsassss Of u nsv
isus x 1855, and Ne following quosGoas wsss sur
rsss:-lssl coupons. NIX u; do rsgwsssc1. NIX
k;ko osupsa, laeat -1eek . q; 50 ceupsay looA.
losk e; s 20 eoupss, lsss. loo x: $40 coupon,
1885, now issue, io7X Is; 1910 coupon. cox . ";
10 ssscs. frss SORES lesx y: = - notes. ssconA
ssrss. lo5X x; zso sots.. third series. 1861 N
ne gold market Aas sssa shade nrmsr than yssssr-
day n consequence Of The rather threatening tone Il ths
Eurspsan political advsees ana the advance Of In the
ssss n foreign exchange The price fron 1874
he esnmssosasns os business 70 lszK, bot TIE i'm
psovsment mot sustained, and rsaps % l37 fol-
lowed Tue closing sssnsaostoss we're q 1s7f There
We brisk borrowing demand for coin, ana loans
aaAs without inseress and q Lea per cent per diem in
favor Of Ne isndsr ast ~ psr cent for carrying.
The gross cicarfsss ss the Gold Exchange hank
susunicd 10 sss 900, ~ Ne gold sAiaacss 70
el,uSoco M a..s s-s s.-l n
the receipts Of soid from California during tho nrss
four months OF shs year aggregated %, ,s7e rhs
imports from foreign poEss during lhe Same time
$780, 1877 and The sxpors o. SIS, 23o showing gain
-sinoe January Of u, 1851
rhsSsseign exchange market b strong Under very
limited Steering Of hills and u b sxpsosod that mig
mont Of SCOUT q, 100000 specie will BE- made
morrow. Bankers bills on Knslsad At sixty days were
quoted the Close Of business n f0eK *; u three
days. 1ioh commercial bills, loex 100; francs q
sixty days. S2ox sls; ~ ssrss days. Sl6x S.12k;
oils on Berlin, n : 72x; on Bremen, 7sk . 7ok; on
Frankfort, AK Az; on Amsterdam, 4oK AZ; on
Hamburg, 20 sex on Antwerp. ASK SIS.