The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-15
FINANCIAL AND COMMERCIAL.

WEDNESDAY, August l4-6 r. H.
The railway share market was very dull during the
fy part OF the day. but In the afternoon II became
>uswhat more animated rmer under the efforts OF
pine OF the leading spectators to promote activity and
,ducs the small operators become buyers. There is
general however buy stocks al pressn.
ricss not without reason. II the leading bulls
esd In advancing quotations they VIII DO foremost
mosg the sellers and the reaction will be prompt for
here Is no outside demand sustain the market,
nd the bull combinations are already loaded
With a heavier weight OF stocks than they
eel in carrying. Tho extreme monetary
ass Is the manssav of the market, without which
would sink of its weight In the face of the prevail
ng dulness As it Is. heavy decline Is improbable;
and the leading bulls able and willing to continue
uyng stocks advance may be promoted but in that
the succeeding relapse will be all the violent
consequence An attempt made late in the after.
revive the in Erie but the public will
we'll to leave that treacherous football Of the street
Rions
There are signs that limited drain OF currency west
Rard has SGT in several Of the banks having RENTED
moderate amounts to that section this week but it is
rather TOO carly in the for it to assume i'm
portance. Moreover, the surplus OF capital at this
Centre is great that the Of currency
ward Will be likely to progress for several weeks before
Il exers any disturbing effect upon the market
Loans continue made freely per cent
Stock Exchange, and the leading dealers in government
securities still enabled to borrow large amounts at
ehrec per The first issue Of scveu-thres natures
70 morrow, and the Secretary OF the Treasury has
tsnded tae time for converting the notes into five
9wenties to the 18th of september The amount Of
these still outstanding is supposed to be little more
fhan ten millions the other two hundred and ninety
millions having been converted into bonds. Owing to
tho method of stating the whole of the three series Of
IL
ments it is however, impossible state officially the
Sotal of each series outstanding
AT the early session OF the open board railway shares
were dull but steady at the closing prices Of last
ang Al the rsr regular board the volume of business
was very light, and tho speculative feeling continued
tame Erie closed higher than at the time yes
terday, New York Central u, Michigan Southern q,
Northwestern u, Rock Island ~ Government
ties dull and steady The state stocks Arm,
but quiet. Tennessee SKIES advanced 4. The old
press shares steady; American sold at 70 "a and
Adams at 49,
At the open board at one o'clock the market was
Armer but inactive Among the express shares Adams
advanced to 731S, while Merchants Union, with thirty
per cont paid sold at IT, At the second regular board
aes sluggish feeling prevailed and prices advanced.
Erie closed higher than at tho first regular board
New York Central q, Hudson River IL, Michigan
Southern "a, Northwestern q. Government securities
were dull but steady In tone Tennessee skies, new,
were y lower. There sale Of United States Ex-
press stock at IS and Of Adams at IS.
At the open board half past three there fur
thsr Slight advance In prices. Eric sold at II Il q
New York Central, lO5,s Milwaukee and st. Paul pre-
ferred, 671s; Michigan Southern s2s; Northwestern,
Az Subsequently Eric to 7l1, and the rest Of
che market steady but dull At six o'clock the fol-
lowing quotations were current
New York Central, 1861 Q u; Erie, Tx . 81; Read
ing. los 4; Michigan Southern, S24 y; Cleveland
and Pttsburg, 9sK Y; Rock Island 1929 l03h;
Northwestern, AK u; do. preferred, 70% II !;
Western Union Telegraph, ASH; Hudson River, l24,s
AIS.
There very little activity government securities
al the counters OF the leading Dealers and the market
closed dull at the subjoned prices Registered, 1851,
10Y 111,l; coupon 1881, 1llH n me-; hve-
twentes. registered, 1862, 1924 ITO; nve-twenss,
coupon 1862 113X 1872; do, 1864 ITO 110if; d.
1865 llo7{ Il0zs do. d. January and July, 10Sss
a0sk fvelwenties, coupon, 1867, 1888 1885,; ten
foriies registered, a9t4 995s ten-forties coupon
102ss 1925; August seven-lhirties 1914 . 1919;
June do 1919 1o7a< July do, lo7sS 1o72<; August
compounds, 1864, l19K l1sls; October do. do, lisa
1i9; December DO do ll7s< us; May do 1866, III
a11y.; August do. do, 116 116i4; September do d.
1l5h 1l5I; october DO. do, ll5 ll54.
Tho gold market was steady, tho range Of the day
having been from 14o,s 1905, with the opening and
closing transactions at 1903 There was q moderate
borrowing demand for coin, and loans made with
GU. and at rates varying from 164 to Lie per
cent per dem in favor OF the lender The gross clear
fngs amounted 10 S63 900 and the gold balances to
Sl,34s,5s5 The steamer City of Washington took out
Sl62,ooo specie
The foreign exchange market was quiet and steady.
Bankers bills England at sixty days. were quoted at
1O9x ITO; at three days ITO "a; commercial bills,
100 4; bills Paris at sixty days, 5.lex . SIS;
st three days, 5.l43s a613H.
The exports from New York to foreign ports In July
we're valsei thus in currency
Domestic produce s12 l,24s $lsoo74.s sl3ee6.Oos
Do, dutiabie... 262,5o3 40I,724 ss2,O95
Specie aad bullion 723ss6 6,s2i,459 13,5l9,s o4
Total exports s13 $4,000 SO so7 s2s S27 5ss 755
DO excl. OF specie. 12,Sl2075 l34s6,469 A06s, SOL
For the six months beginning with January the
poris wcrs:-
1866 1896. 1861
Domestic produce. $50 ola $l17 e12 $1o4 95e
Forgn goods free 663,132 $500 COZ l06
Do. duuabis.. 2405,6l5 3,42I.7il 1924 l2s
Specie aud bullion. 1s,o39745 6l,6o3,sss 2sii5, $50
Total exports S1o2 s7s sos STA 275 STAT O57
Do excl o! specie so, 760 l2l 2253s6 l09 sol
The foreign imports at the port in July we're valued
thus In gold, exclusive Of freight and charges