The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-09-16
FiNAncIAl AND coMMzaclAL.

Prices TO m idy, hioson Kiver, Ntw YORK Cen raj
and Erie takins The lead; but Thursday the lide
turned against the bulls, owing 10 heavy sales 10
realize profits. superadded a concerted hammering
movement he part Of some OF the princlpal bol-s
The small bulls followed the example OF the
many cases and sold out, and then followed gloomy
srrmses as TO The character OF the Forthcoming bank
statement and The marke, subsidized into Is previous
dalaesa The rate for call loans Advanced 10 D
per cent on Friday aud Saturday SIX was the
sole and i've the exception. The Sub-Treasury oa
ancs increased $5l76,5oO during the wceS and
this e sufficient part or the loss OF more
than four millions 10 legal leader which the bank
statement rs likely 10 show Tho Treasury colo "a es
mus far during the nave, however, Amounted 70
only three millions mOsl u which were made last
week The drain of currency westward light, ana
ut the local monetary centres Of The W 81 there has
been greater 1lring the last few DAYS than there
was q month ago Il therefore not Improbable hat
portion of the decrease legal en1ers and also 90
Che decrease OF two millions in deposits owing
OF the large bear VINO took the initiative
Advancing the Of interest. having OF
Their deposits In legal notes and red
TO their safes for the sake of making the bank
statement appear unfavorahe. In the same way
they may have borrowed money in the usual manor
Tor effect ana Withdrawn some OF the proceeds from
oauk which would partially account for toe case OF
-four millions wa Gu has taken place TIE and
disc cunts, although of Is obviously due 20 the
activity Of speculative Business on the Stock EFcnlDss
early in the week. There for apprehension
o. anything approaching siringeucy, however we are
merely experiencing the very elsy All
cheap money market one easy enough tor az or,c
stoa purpose but indicating heathful activity;
and The prominent endeavorin 20 'nase tae
tapsttonary state a. threatening poss be ~ u-ier 20
put down prices The -tock Eychanye Hibn s I'D
nature, however and ~hen VAL stree. oeco scaus
toned 70 pay ! cent for money
instead OF The whees sreculauon wi
sevolve just easily u IT renamed drut The
most active bull movements have taken pace
seven per ont money market and have rr7en W.
had conspicuous illustration Of he fact mat slli
money does not sssrily ,Iuuaie specurion, Nj
we have similar England, and, iudeet al FER
Rarope The advSnc. the for call aW re
suited In a modeFa pressure TO sell covert neni
securities, and prces declined sccordin =. Az
the close Of business at halfpasI Ave on
6hiurday the stgliy bIt
sslI at the suboined quo,atlons:-New Yo@ ceGtt,
f0sh lOsk; Ere 6aJ6 694 Readiuv, l,33S 1882
Michigan Southern, 81 slf Cleveland snd Pt,solrs,
IN Rock Island, iosi 1858; Fort ynvne, l,43
nos; Norihwesiern, 454 ass Co peorrei 6s9u
s9h; Pacific Mail al l4l4,: Ohig and Mississippi.
carth ate-, 81 We te n Union Telegraph. - a 43I
Milwaukee aud 81 Pau. prefer ed 6SS a IS =; Adams
Express 90 o61 United States e5 - o., American
&4a g.
The m scelaneous shares, tncadng those of the
press companies, we're qile. c>nsidefaDie short"
interest has been the latter las
fortnight, and hence here moderate olrowins d.
nand for them Al the close Is od tor snai lots
II Merchants Union, with 80 paid aud stock
S pad vas offered Al 22H BY euer of Mr. IL
Reynolds, OF Albany, TO local paper seems thai The
tnt suit against he Merchants Union Express Com
pany, to recover subscription money pad and RESTRAIN
The forfeiture OF stock which reported have been
decided in favor OF tho COMPANY mas no. vt com
before the court BY some misunderstanding AZ 10
Gay OF adjournment, Mr. Reynolds The o. the
dissatisfied stockholders, was not present
ing took place Mr. Rey noids that tho motion To
RESTRAIN me forfeiture OF ami collection OF
viii DO renewed the court session The
sa II is stated, represents about Two thousand ongina
Subscribers, some OF wnon have become ), ckno,ier,
BY paying Is per cent, while stopped al the IL
md IL per cent calls
Tue gold marke, was excited and variable ring ,ne
week. the extreme range having boon from AK Ia
Asx, with the closing transactions At l44s The su
NANNY due the efforts OF ball coulbiua.
Von which Afterwards sold out, and hence the decline
But for the condition OF pubic affairs, however. II |
would have been impossible 70 force the premium NJ
thus rapidly. aud If II no, felt that 1t easic
70 put up than down speculation would be Tor fsi
instead Of rise, as has been for some months past
The possibility the p.so paying OF the national
debt legal tender becoming subject OF pouca
agitation. bad probably more to do with the rise tnan
anything else; bat there other tina
operate against Decline among which We may mention
the fact OF aooI, ave hundred mi hons Of
Hc,al securities beng held abroad: the aaag
0ism which exists between the President aud
Congress aud tho aperehensloos arising there!rom,
the forign trade balance sgsas US aud the lag, pre-
Ponderanoe OF the current imports over the exports; the
payment OF the November and January uteres,
the public debt. Ia re portion Of which is due 10 bend
holders residing abroad the payment to Russia for Wal
ru,sia the moer Of ecntipsencieswnch may oc-
advance premium. Taking all these into
ssderaton hosever the premium Is very hsh but a. ~
y dependent 70 grea, extent upon pubic confidence,
which IL dcut 10 measure II is governed by no hxed
rule, ard we caa only judge Of u comparatively. With
scspeci loreign trade II easy from the
Of this port that the running largely agsns
The foreign imports In August were valu d al
tA 273osi in coin. exclusive OF freight char es and
duties while the exports. exclusive OF Specie we're
,ised only sl2 s57 ass in currency For the nrst
eight months Of she year the imports were valued
~ SIS o56,io3 10 specie, and the exports
eniusve OF gold snd silver. at st22 572sj4 Here
have difference AGAINST Of thau sixty mllon'
without ecun,ing the gold premium During that time
No customs reeeirs al tbs port we're fsi4s3t,2 The
customs receipts week amounted 70 81 61s5Ta ana
hs exports OF spocie aud bolton Sssj.32s. Tue
hseres, paid Of sub treasury t2ssooa The
ally range of the market wss as toiows:-
Riglct L-trst
kosdsv. ..........l4i4 lax
IL cday ....................lstA 1914
IN day ....................lSS ltts
lb1rusy ....sss....ss ssssss....l 4bt 10
fflh...s.......s 40 ISIS
saiIrsy......... Immunity l49s
TIE toreigR eIchsnSs market Was dull aud ratter
droo5n o.ins the advance IN sold, vhoh ud'spossd
INN orherR Ia rruit and 70