The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-09-13

monetary affairs, says that the greater proportion Of
The call for loans continues to come from commits
sion men and grain operators, and large share OF
what they ask for just now Is for the purpose of
holding grain. In view Of the large and increasing
receipts, It is hardly probable that holders of wheat
have any idea OF efrectng an advance In prices.
hack Of confidence in present Eastern quotations
diminishes Eastern orders and keeps shippers and
sellers apart, except at concessions on the part OF
the latter, who, In many instances, prefer running
their chances Of nrmer market to letting it 60 and
helping to break the prices down at once. The
movement Of currency the country continues with
but little variation The supply Of currency is large
and has contributed to make exchange nrmer, the
latter having been sold between banks to-day at
81 rs or while several Of the usual sellers declined
70 sell at any larger discount than 81.
Y At the commencement of business the railway
share market was steady and moderately active but
Ut the early session Of the open board the tendency
OF prices was slightly downward and New York
Central sold at 1231I- Erie, 46s; Reading, ss'f;
Michigan Southern, So; Cleveland and Plttsburg $50;
Cleveland and Toledo, loox; Rock Island, 1909 q
1Oo%; Northwestern, SEX Se,l; do preferred, s5x;
Fort Wayne, 1o7H; Milwaukee, elk; do, preferred,
10o7s; Ohio and Mississippi 2sx At the rst regular
board the volume Of business was rather light and
the bearish element was In the ascendant. On the
call New York Central closed lower than at the
same time yesterday; Erie 1, Reading y, Michigan
Southern /, Fort Wayne q, Tennessee skies "a,
new issue *, and North Carolina skies ex-coupon
Il. Government securities were strong but quiet at
che closing quotations Of yesterday. Following
the call Erie sold down TO 455s 45k; but at
the open board at O'Clock the market was lrmer
and New York Central sold at 1881 o 123x; Erie,
457.; Reading, sex s9I; Michigan Southern, s3H;
Cleveland and Pttsburg, ssh; Cleveland and Toledo,
1907: Rock Island, 1ooX; Northwestern, $50 q SEX;
preferred, se,6 q SsK; Fort Wayne. 107H q 107k;
milwaukee and st. Paul preferred, o1I; Pacific Mail,
1O3k. There later session OF either the regu-
Jar or tho open board but business was continued
in the lower hall until halfpast three and afterwards
the street to limited extent until O quarter to
I'VE, when the market closed firm at the following
quotations, the bank statement having proved more
favorable than was expected:-New York Central,
1891 q 1887: Erie, ASK ASK; Reading. ss7s 90;
Michigan southern, s3x s3k; Cleveland and Pitts
burg. $50 s5s Cleveland and Toledo, 1olh
1917; Rock Island. 1907 1o1; Northwestern, sss
1919 1917; Pacific Mail, 1881 1854; Western
Union Telegraph, s3'< 1919.
The foreign exchange market Is duh, and bills are
reported difficult or sale at 109 for the best bankers
sterling ut sixty days. but the leading drawers
tinue to ask 1924 At the close the quotations
as subjoned = Bankers bills on England of sixty
days, 100 109k; at three days, 1921 1885,: com.
mercia bills 10s 1857. Bankers bills on Puris at
sixty days. 5.1sx 5.17k.
The shipments of specie from this port TO foreign
ports In each OF the last twenty -four weeks were Us
understated:-