The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-07-09

Legal tenders. 70, ,638 Dec... S,345, l66
The failure of large dry goods in this city
that Of George A. Wickss Co-has thrown dry goods
paper into dscredt for the time being and the
that two other prominent firms in the BUSH
privately settling with their creditors adds to
the dstrust thus occasoned The liabilities Of the firm
referred in the United States said to aggregate
| two millions and a half and it is expected that
| it wi! pay a dividend Of forty fifty cents
| on the dollar. The failure Is attributed TO losses
by depreciation OF stock during the past year. Low
water mark has been reached. however, both here
and in England and prosperous times in store for
tbs commercial community in both countries In
this connection 1t is gratifying to note that the
improvement In the tone of general business re-
ferred TO previous occasions continues to make
steady progress, although considerable caution is
naturally observed after the prolonged depression
we passed through The present is dull
time Of year In most departments Of trade, and
the change OF feeling is therefore important
indication Of the future than sign Of what is being
actually done In the dry goods trade the orders
still for small parcels TO keep up assorments but prices
well maintained and there already visible the pre-
monory symptoms Of active fall trade Manufactur
watching the market closely and the sup
ply the demand for each particular grade Of domestic
goods In woolens there is very little DOING but the
tendency OF prices upward The demand for imported
fabrics light and the imports are on moderate scale
only.
The improvement in the weather has exered
q depressing effect upon breadstufis and cotton,
and the market for both is unsettled. The
receipts of the latter at all the ports . very
light SCALE the total for the week ending the 9Th
having been only ls6 bales making the total eps
since September las. SIS 09l bales, against 1884 1888
bales for the corresponding period in the previous year.
The exports considerably larger the total from all
the ports for the week having been Sc 6Ss bales against
little than IL 500 bales in the preceding week The
total foreign exports since September l aggregate
LOG bales against l459 COS bales for the
in 1866 The all the ports the atest dates
amounted go $50 bales, against s54 e25 bales the
corresponding time last year The stock Of cotton AT
Liverpool the 22d inst s2i $50 bales at London
II III bales and Havro IS 2o5 bales At the same
date estimated that 900 bales OF American and
$40 35 OF Indian ant exclusive OF 81 6T7 bales
for Havre making a grand total OF l, S24 bales,
against 2,0S2, 9oS al tho Same time In 1906
At the early Of the open board the
ket heavy but at the frat regular board deyel.
oped improving tendency, aud there a mode
rately large and well distributed business transacted
New York Central closed q lower than at the first regu-
lar board Erie y, Michigan Central /, Cleveland and
Toledo u, Northwestern u, do. preferred ~ Marposa
preferred T. Michigan Southern z higher, Cleve.
and Western IL, Quicksilver =, Western Union Tele-
graphl Government securities firm. but rather
dull Coupon ve-twenties Of 1862 and 1864 advanced
| u, seven. thirt es Of the first series 4
At the noon call coupon vctwentics Of 1865 suddenly
advanced from 10sis to 1925. "a without any appa-
reason while the issue OF the year dated
IN July, and sometimes called ls66s, but generally
known ANDY Johnsons," "consois, " remained
stationary at lO.I The demand evidently came from
4
movement them. There is no ifereuce between the
| old and the new bonds OF 1865 except that the
former carry interest from the LIST of May and the
aticr from the OF July which the nrst issue
worth exactly one per cent moro than the second.
Investors therefore, who sell the old SIXTY Gves and
buy the make 4 per cent by the operation at
present prices and advise them do IT, The bonds
OF the July issue Of 1895 the cheapest
OF all the government issues The demand for these
securities for investment lie very brisk and correspond
ngly large Is done in thsm at the OF
the leading dealera
Among the state stocks North Carolina sixe. advanced
/, issue l. Missouri skies "a Tennessee sizes new,
declined A.
| AT the one o'clock session OF the open board the
msrket was barely steady, and at the half.past two
regular board Il was without material change as TO
prices, but downward In tendency. New York Central
closed 4 lower than al the rsi regular board Erie y,
Michigan southern &, Cleveland aud Pitsburg T. Rock
leland i, Northeastern y, do preferred =, Fort
Wayne y Toledo, Wabash and Western 1, Milwaukee
and 81 Paul preferred 1. Cumberland Coal 4. higher,
Western Union Telegraph T. Government securities
were firm, aud coupon hvstwsntss OF 1866 showed
advance % -.
Subsequently, prices experienced further decline,
snd at quarter to sir O'Clock the following Quotations
we're New York Central, loiS an; Erie GA
=; Hudson River 1927 a1lo; Reading. 1857 ~:
Michigan southern s2,. "a; Rock lslaud ee4; North
western, AK as; DO preferred, ests ss; Western
Union Telegraph, $6ts a AZ; Canton. <6ts AZ.
Government securities were nrm at the close Of bust
ness at the subJoined quotations: Registered, 1851,
1925 "a; coupon, 1881, loe,1 AZ; nvetventy regis.
tered lse2, los I'VE twenty coupon 1902, 1lih q;
fvetweniy coupon, 1884, 1855. ~; hvetweniy coupon,
1865, 100 u; do, new issue, IoTH ~; do, January
aud July, 1917, "; sen-forty registered io2s a y;
,ep6Vry coupon, lo2a ~; August seyen-thirty 1917