The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-07-14
FINANCIAL AND coMMERc GAL.
SATURDAY. July ls-eP. n

SATURDAY July lS-0RM
Tho stock market has experienced gradual recovery
to-day from the effect OF the unfounded rumors which
wioksdy invented and ndustriousy circulated oy
OF the bears yesterday afternoon The unprin-
cpsd scoundrss who fabricated the report OF the failure
Of up tswn bank promote their speculative ends
would b better employed In breaking stones in psni-
tsntasy than In thus consprng 10 oil their own pockets
BY damaging the credit Of individuals and corporations
and seeking 10 create panic. II Ii matter OF worry
us consequences tho public whether the bull or the
bsae dsmeu, the ascendant the stock Exchange,
but sf great consequence 10 that such discrodit
able tricks esorted 10 this occasion to pro-
ducs decline should fail Of their purpose.
Money was In abundant supply at . per cent for
call loans with the majority Of transactions at 8.
Ihs leading dealers government securities are, how
ever stll enabled 70 supply their wants atA There
wa very little done in the discount line and rates
unchanged.
The bank statement for the week ending to-day will.
n expected. show increase In legal tender notes Of
N,uo,ooo. Ia deposits Of so2o0,oOo, In specie Of
$4,000, and In loans Of 800 600 This gives a.
surance Of continued ease the bulls stocks have
"aeshng 70 complain Of on monetary groundA
A. the early session Of The open board railway shares
we're steady. New York Central sold a. lo5K Erie
7oK y; Reading, lo3X X; Michigan Southern,
7ox 90; Cleveland and Pittsburg, Of Rock Island,
ok u; Northwestern. AK x; do. preferred, 67k;
Fort Wayne, lolk; Western Union Telegraph, AK
Ak.
Al tho nrt regular board the market opened with
improved tone tho call progressed prices declined
slightly New York Central closed Y lower than at tho
ssms time yesterday; Ere r., Reading I, Michigan
Southern ~ Cleveland and Toledo =, Rock Island a.
Northwestern l. do preferred x. Ohio and Mississippi
certificates X, Pacific Mall Y, Cumberland y. Western
Dst 4
higher, Milwaukee and st. Paul q. Government secur
ties rather heavy and dull. Coupon ive-twentiss
Of 1896 declined u issue Il ten-forties r. seven
thrtiss Of the nrst second and third series u Tho
State stocks were strong Tennessee skies advanced H.
issue I. North Carolina skies " Missouri skies *
At tbs one o'clock open board tho market was nrm,
and prices advanced slightly throughout the list New
York Central sold at 1857 TO- 1o) Erie 7o II; Hud.
River, 109K; Reading, l03X; Michigan Southern,
sOX Y; Cleveland and Pittsburg, OIL n; Rock
Island, o7h; Northwestern, As a NJ do. preferred,
esx . u; Fort Wayne, 1OlH.
Subsequently the market experienced further i'm
provsmsnt, Erie selling up to Tx and Rock Island to
os, and At halpast Eve the following quotations
ent:-New York Central, 1851 106; Erie, NIX =
u; Reading 1879 a u; Michigan Southern, so1 81
Cleveland and P:tsburg slss s2 Rock Island os1i
K'Fort Wayne l0lH 1902; Northwestern. 45K . y;
do preferred osl x; Ohio and Mississippi certin.
Gates 2ek 27; Quicksilver. 33k s4x Mariposa pre-
forved, 23a< q 24x.
Government securities closed dull At further frac-
tional decline, namely:-Registered. 1881, ITO u:
coupon 1881, l1ol x; $40 registered, 1882 100 y
$40 coupon, 1852 11lss 81 do. 1884. 1osK Y; do,
1896. lo0k . u; do do. January and July. 1o7X a
losx; do, 1857 1o7N 1osX; 1910 registered, 1oi
*; DO, coupon, lo2 u; August 7-so 1o72S iosK
juno do, 1o7h X; July do, 1o7K X; compounds,
July, 1884. 11oK; August, do, 1851 11ok October
DO, 1l7X 11sH; December, do, l17X Y; May.
1885. l1eK . X; August. do, 1l5K . x; September.
DO. IFS y: October. do. 1llXax.
Gold was nrm at the opening at l3ot, and advanced
70 l3oK aftsr which declined to 13o, and closed at
I3ox. Loans we're made fiat" and at / per cent
for borrowing, and "a 8 per cent for carrying The
gross cleasncss amounted to $685. and tho gold
balances TO $l,279.0 l2
The daily range Of the market during the week was 81