The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-07-28
FINANCIAL AND COMMERCIAL.

SATURDAY, July 27-6PM
The stock market has been somewhat irregular in its
workings to-day. Up 10 two o'clock u was strong,
especially for Eric in which there was large business
transacted attended with considerable excitsment but
subsequently the speculative feeling became tame and
prices declined from the highest point touched Money
continues in abundant supply, and q number OF
loans on government securities were made at
three per cent this morning, and st four on
mixed colaierals, although the general rate
on the latter was five per cent The statement OF the
associated banks for the week expected TO show an
increase Of 100 900 legal tenders Of sz5ooooo in
loans and Of 600 in deposits There will probably
be . decrease 10 the specie OF S2600,O00 u e
AT the early session Of the open board railway shares
steady. New York Central sold at lO9k X;
Erie. 76x Is; Reading, 1857 n; Michigan Southern,
s2K s3x; Cleveland and Pittsburg, 9s Rock Island,
lO4 Northwestern, 49X 60s; do preferred, 70; Fort
Wayne. JOG; Western Union Telegraph, ASH Pacific
Mall. l46,4; Milwaukee and st. Paul. "a; do. preferred,
e7K. At the nrst regular board the market active
and strong, especially for Erie. Erie closed TX higher
than At the same time yesterday, Hudson River TX.
Reading u, Cleveland and Toledo IN, Northwestern
~, Milwaukee and ST Paul preferred " Ohio and Mis-
sssippi certificates X, Quicksilver a. Canton ~ Cum.
berand Coal r. New York Central was lower North
western preferred y, Pacific Mail IN.
Government securities dull but steady, coupon
ve-tweuties Of 1884 excepted. which declined H Ten
nessee SKIES declined new Issue r. Missouri SKIES r.
At the open board at ono O'Clock New York Central
sold at 10oh; Erie, rex . Y; Hudson River, l2lX
122k; Reading, 1osH X; Michigan Southern, ssaH;
Rock Island, lOl; Northwestern, 80 "; do. prefer
red, IS; Fort Wayne, 1ooX; Milwaukee and 81 Paul,
63X . "a; Ohio and Mississippi certificates 2sk Ak.
Subsequently Erie sold mp TO Tx y, and the entire
market was buoyant The improvement was not, how.
ever, sustained, and at quarter to PIX the following
quotations were cursnt:-Nsw York Central, 100 \;
Erie. 7e1s o "; Reading, 1osX y; Michigan South
ern, s2x y; Cleveland and Pttsburg, OAK %; Rock
Island, 102X . "; Fort Wayne, 1904 *; North
western, lox y; DO. preferred, Tx . "; Ohio and
Mississippi certificates. ASK Ak; Western Union Tsls
graph, lsX ~ sssss~sat ~tss~ss
There very little business transacted In govern
ent securities at the counters Of the Dealers and ct
the close Of business the market DUH at the follow
ing quotations: Registered, 1881, ITO "; coupon,
1881, ll0K 4; fvstwentiss, registered, 1852, 1854
a1ooX; do coupon. 1852, MY . q; do. 1884, 1ooK
* do. 1885: l0oK q; do 1885, January and July,
1osX q n; nve.twenties, coupon, 1857, losk / e;
tsn-fortes, registered, 1o2 NJ do coupon. 102K aX
gold 40 u; seventhirtes, August, 107X 1os; do,
June, 1918 q u; do, July, 1918 u; compounds
1884, August, 10 Y; October l1Sx "; December,
1l7X . n; May, 1866. lloX a117X; August lltX
hex; September, 115,S y; October 114X 116X
The gold market strong the range Of the day hav
ing been from lSoX TO l4o, with the closing transac
lions in the at 1924 after which there were sales
at 1921. The advance was mainly due to an unfavor
able construction Of the report that the Emperor Napo
leon had sent note 70 the King Of Prussia urging him
10 surrender the Danish Provinces Of North Scheewg 70
Denmark. There was . brisk borrowing demand for
coin and loans made without interest and ct Ie
el per cent per diem in favor Of the lender The gross
cleerances amounted TO 0OO and the gold bal
anese 70 4oo64ea. The steamer Europe took out
sss1 In Specie the Virginia ea25 ooo the Atlantic
S2soooo, the City Of Antwerp $4,000, and the ALE.
MAMMA Ssllo0, making for the week 81 ESQ., the
details Of which are thos oncially Teportsd:-