The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-01
FINANCIAL AND COMMERCIAL.

EHNNsvStAI AtSO COMMcnOSNGs
~~~~~-~-~~--~-~~--
WEDNESDAY,, July 3l-oi ~
The railway share market was buoyant at the COM
0encement OF business this morning. but during the
rest OF the day unsettled At intervals and rather
dull The speculative feeling hardly as strong on the
bull side il last week. but so long IS the pre-
Gent monetary facilities at the disposal OF the Stock Ex
change continue undminished speculation is likely to
prspondsra,e in favor Of rise, and the bull element
will be tho controlling Nevertheless the reactions
which are certain to overaKs the market at intervals
will be sufficient to remind the bulls that thsir reign
is undnputed and show outside buyers that they
and their margins may be parted There Is less
special activity in Erie than there was few days ago.
but II stall remains the cynosure OF all eyes, ana II
touched TIA in the forenoon
Tho supply OF money is stn supsrabundant although
the demand from the Stock Exchange is large Loans
made on securities four per cent and
the leading dealers the latter are In exceptional cases.
enabled 70 borrow considerable sums at three. The
general mixed coilaeras is i've per cent? but
houses in good credit are. in instances offered
loans at four The amount Of commercial paper seek
ing discount light and The best grade only taken by
tho bankers at per cent. There yet ind-
cations Of An outward drain Of currency, although
OF the Western journals remarked about week
ago that tho exchanges turning favor Of that
made just then account Of the wool crop; but the
westward current to breadssuas has not set IN
and when 1t does will be gradual and several weeks
must eiapss before any material In nuence
upon the condition Of tho money market at this centre
beyond advance Of perhaps per Cent in the rate
OF interest
At the early Of the open board railway shares
were stronger at advance upon the closing quotations
of last evening" New York Central selling at 1857, and
Erie at Tx. Al the first regular board there was q
moderately good demand for the speculative stocks but
che previous Improvements was not fully sustained.
New York Central closed e higher than at the same
time Yesterday, Erie Y, Reading u, Cleveland and
Plttsburg 1 Milwaukee, and St. Paul preferred l, Rock
Island 1, Northwestern X, do. preferred TX, Fort
waynsl, Ohio and Mississippi certificates Il, Pacific
Mail Canton "a, Western Union Telegraph g. Hudson
River Il lover Quicksilver sl. Government secu-
rites dull but firm, and coupon five twenties OF the
two Issues Of 1866 advanced r. The State stocks were
inactive, and Tennessee skies were advanced r. while
Virginia SKIES, new declined ~ The old express stocks
hrm Adams X higher, and American u,
while Wells. Fargo & Co. without change. Bank
shares were firm.
AZ the open board O'Clock the market was
steady, ana subsequently 1t experienced improvement
AT the half past regular board there very light
OF business transacted prices declined in
exdvdond Of three per cent the equivalent Of l094.
New York Central closed tx lower, ex-dividend, than
at the frat regular board; Erie u, Ohio and Mississippi
certificates q, Canton n. Rcading was u higher.
Cleveland and Piitsburg ~ Rock Island u, Northwest
ern ~, Fort Wayne u, Milwaukee and st. Paul pre-
tsrrsd X Government securities were neglected.
Among the State stocks Tennessee SKIES ncw advanced
u. The old express shares firm under a steady
demand. coming apparently from parties acquainted
with the Affairs Of the respective companies There is
growing belief that arrangements for satisfactory
settlement with the opposition company are progressing
davoraby. United States advanced l, selling at 76h
Adams sold 1t "A. and Wells, Fargo Co. at 6Szs.
At the past three open board the market became
neavy, although there marked pressure to SELL
Afterwards it remained quiet but prices developed
Improving tendency and o'clock II closed steady
the following quotations York Central, 1861
=; Erie, 76H Reading, 1O7H y; Michigan Southern,
81 *: Cleveland and Pttsburg, 95 ~ Rock Island,
1929. Il; Fort Wayne. 1867 1o7; Northwestern
sOa Y do preferred, Tx e; Pacific Mali, l45is
2. Ohio aud Mississippi certificates 2SH 20; Western
unou Telegraph, AK Ak. Tho express shares closed
arm these prces:-Adams, 74,s'a y; United States,
zGh ~ ana American, 73,< "a
There is very limited investmont demand for gov
securities the Of the leading Dealers
and tho conversions are at the same time light. Tho
Registered. 1881. Ito a 110x; coupon, 1881, 1l0x
lloL; nvo-twentes registered 1852, 1881 1907 FIVE
twentes. coupon, 1862 ll1K lllss do, 1854, looh
q lOs}s: do, 1865, 1925 . 1925; do, January and
July l0sk 1887 fvc-twenes, coupon, 1867, 1osN
los, tsuforiios registered. 102 1925 do, coupon,
Io2is . 1929; August, 7-sos lo7Y lo7X; June,
1905 ic7x l07H; July 1905, lO7,s lo7s1; August
compounds, 1894, llsh ll93f; October do do, 1lsH
Q llss; December do, do, 1l7x q ll7x; May do,
1855 lle7. l17; August do, do. 1853 lio1s; Sep
semcer d. do, ll5,s 1855; October do do, ll45s
n llsx
Tho gold market showed diminished nrmness under
recovery nvewenties TO 72A In London, but there
we're no important fluctuations the range OF the day
having been from 1884 to l4o1S. The closing quota
:.oas l3ss l4o Tue gross clearances amounted
to $3S, 353 o00 and the gold balances 10 Sl,Sl0ls
Loans wero made without and at per cent
per annum and 1-6a 1-S2 per diem in favor of the
Ieuder The steamer Cuba, from Boston. took out
$40 specie The exports OF specie from this port
for tue las. steven weeks aggregated SIS 5i2 s99
-asmcly:-
Well >sding Week ending
Nay .$4.1H125 June go. sl,l40,0es
Msv dyc Ge- July Los SCI