The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-09-13
FINANCIAL xNo COMMERCIAL


CLIQUE siscks. sad closed uussttin1 a. eeti'a@ -
Ia per esat m tie o.saas pricA osia,oss a..ss
rs to whshsr and hos ssos n ria rsesver "a rsxs.,
hsoyar 5ai We msioniF q ePsrsss Ars sals so.
Of their leaders hossvsr. bsss sssa ssl3-s as.s,g
snes the rise took Placs Ter the essss xssss.s -
realizing prO,i sEi gsaias 'sAs-.- intsrs, ga A
this way they viii soagsss !. beet ths srssi v o..
best OF their abhs. Tue ia,rsas.a srnry, has
thus far failed 70 bring 10 ssysr from ~ sus ,hs
outside pubns, and Ia D hopsa thsi sss -il
continue equally indifferent 10 Ne bat ~ass h~a cot
10 them By lev men whoss dssEus az. stnp'y spoa
their purses There Is obscioa 70 .sy oss bsyius
stocks fss permanent iavesnraL 81 as9asl. prses.
but speculation almost inEAra9J Ia 10 70 ne Flin 81
outsiders In the losg Dif,,g ,as pr.s.st tat
higher prices sn probably % reaeJsd uatsf h1sx blt
movement on the Stock sKchss,s; sls ths pro.p.ct
should not be red to allure from their isriuuas
business to crepe sasr Vas anpes The Hes.hsross
pitfalls Of Wal street, Tue enisr.ss rail-
way earnings tho monsIsIy aiuauon aaa las genera
tendency towards inaasIra Iavsr OF Tie ssll.
and bears viii lad oota harl and dangerous 70 De
battle with iheCa for time come.
There was an effort made BY sons OF the banks 10
advance Ihs rata for now ,ass TO ak per cent
snorBng; but tho majority Of lenders ASKED only ave
ia far 10 presume that there we're vsry fs~, n sBy,
important transactions at that rate. A. the same ns
four per cea. is becoming less common th.s Is
was few days ago. even on gevSrausui securities al
though the Leading dealers in are abe TO
row ali they require At this asura Tho prospect 10
shat before the month closes shsa have asaT per
cent money market, but the supply vii, aseoraas "
avery indication be abundant al these for
. month 70 come; aud the fact OF money being worth
seven per cent per annum " 10 way cafe ulassd 10
break acwn vigorous bull speculation the Stock Ex
change, and spscals look forward 10 moderately
active demand for money IN 0;iobsr witbor, any appa
rent fear Nothing ssort OF positive slringeucy
gArdsd with apprehension while speculative bubble "
being blown and that will defeat In cases. for the
Cine being At least ths best lad plans for carrying
. bull movement The banks hers receiving from
those OF the wsst limited amount o. predics paper
which they discount VITA their endorse
nent n per cent but tho best grade OF city psper
= still quoted Al a psr cont
AT the early Of open board railway shares
were firm at the closing prices OF last evening Now
York Central selling At IosX. Eric Tx and Cleveland
and Ptsburs s9ts. At the FIRST eguiar board the
ket reacted slightly Hudson River being tho weakest
and Erie the hrmest OF the railway shares. New York
Central closed lower than the time yesterday,
Hudson River *. AiohiSaa Southern u. Rock Island
Il, North western preferred y, Ohio and Mississippi
certificates ~ Pacidc Mai u, Western Union Telegraph
u. Ere was y higher Illinois Central y, Fort Wayne
X. Government securities quiet but nrm. Cou-
pom nve.twentes OF 1862 sho ~sd advance Of issue
Of 1865 y, ten fories u State stocks were dull Ten
Sessee skies (nsw and Missouri siIes declined T. Ex.
press shares inactive. Adams was higher and
Unlted States steady There a Of Harlem Rail-
way stock lis, but the whole OF has been under
the control Of since it 'cornered," early
N 1854, IL eau b "washed" u any other
price with equal facility. after the manner
Of ito companion, Hudson River. No prudent maa
would think Of buying either Of thess stocks ~ any
Ching approaching the present price
Al tho open board at one O'Clock the market was u
per cent lower. Erie sold al 70x: New York Csu-
sal, los northwestern, ldb. Al the second regular
board prices barely steady ~ the dsciuo New
rsrk Central closed lower than at The srst regular
beard, Eric y. Hudson River 4, Michigan Southsrs y,
neck Island " Northwestern 4, do preferred ~ Fort
wayne 4, OHIO and Mississippi certificates ~ Pacific
NAH 2h, Western Union Telegraph y. Illinois Central
gas higher Government securities wore dun, but
nym. Coupon hve-twonties OF lsS5 advanced *. Mis-
souri, skies advanced u. The express shares dull
and Adams and United States declined y.
A. the hAfpast three open board the market expert
snced further fractional decline. Eric sold at 70H;
Rock Island, lo4is; Michigan Southern. s2H During
shs rest OF the afternoon sas market IN
settled and tho volume Of business high,
and at SIX O'Clock the following quotations |
we're current:-Ne~ York Central 1854 1855; Erie,
cox 20; Reading, 1851 1o3ss; Michigan Southern,
e21 s2z; Cleveland and Pittsbarg, So Rock Island
loa alo41I; Fort Wayne. 1oe lo6%; Northwestern,
aex q 4oK; do. preferred T0s. q 7oX; Pac,ac Mail
l4oIs lsos1; Western Union Telegraph, Ask a43[;
Milwaukee and ST. Paul preferred, 43S a<3k.
There rather active business transacted 10 gov
eminent securities the counters OF leading dealers
and tho close the market strong NJ tbess prices
Registered, 1851. 1il,s ia; coupon 1851, liz |
NAV b2os. registered. 1885,, 1927 looA Sos
pom, lsG2 lis ns.; 2o's, coupon 1854, 1927 a |
no; b.2os. coupon 1865. NiH NIX; do do, Janu-
ary and July, 1857 1857 5-2os coupon, 1851, 1osx
l0ss; l04os registered s9& so7S 10 ao's, COUPON
osL eots August 73o's 1918 1918; June, 1905,
lo7k lo7,; July 1905, loT4 1918: October com.
pounds. 1854 lle. 1i9. December do. do. 11sX |
nsn May do, 1865 ll7S NIX; Angus, do. do,
nsx ll6iS; September do. do, ll51. lIs7s October
"a, do, ll5H ll5..
The gold market strong and at intervals excited
during the forenoon and the price from lac the
announcement OF business 70 l4s's but subsequently,
developed reaconary tendency, and declined TO i4SH
With tbs closing transactions In the room at 1s5L.
Afterwards ON the street, the quotations declined 70
llsk l45H. Cash gold WAS less abundant owing to a
large amount having been locked Of by the bull
specuaiors and loans made q, per cen, per
annum and 90 per diem for borrowing early in tho
lay bat subsequently, the rate favored the borrower.
md the transactions wore al q per cent for
saryIns. The gross cieanpgs amounted TO the
isrss Of 900, the gold balances to
o. asa ss4 ssd the currency balances 70 ss6s5, 53s
The steamer HAnsA for Bremen, took on,
e2os $40 In specie TIE Spectators mainly opes,-
Nd for further In the premium. and they speak
seandeBty OF It's reaching 80 within q short time al
though Il 10 already higher thas tue condition OF Pablo
aasirs justiaes; but found to be much to
Dus up Than down that speculation governed accord
hgly.
The foreign sxohanss msrke, quIe, ana barely |
quoted at 100 iosh al three dsya iio. siios
Commercial blls losts 1924. BIIis PARIS siIty
aays bl6a. sals; ~ thrss dsys 5lt1 aSl3L
Tho following the aso.sons Tor saoosy on
he continent -
pnris...... 2ka1k rurp..........3