The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-09-17

"a ;,;.......... 1444 2P. M............. 144&
H:l4 p. M......... il4% $50 p. N ..'i44a. a i44H
There is no change to note In the money market
the supply OF loanabe funds being abundant at four
Per cent on mixed collaterals and three govern
nent securities. There is moderate amount of
Sour months dry goods paper Offering, and 1t Is
saken freely at six and a half and seven per cent
discount In other departments of trade there is
very little commercial paper being made, and prime
names are taken in some instances at six and even
I'VE per cent The remittances Of currency to the
west are almost entirely suspended, and
some OF the banks report receiving small
amounts from that section. Hence confidence fl
continued monetary is Increasing In Wall
street. one result of which is the active bull move.
ment now going forward in railway shares, notwith-
standing that most OF them are selling far above
their real value, conspicuous instances OF which are
Wrnshed by both the common and preferred Mil
waukee and st. Paul and two or three other Western
stocks. There Is clearly inducement for the public
TO relieve the cliques Of these costly Injuries
and yet it is as dangerous to sell "short"
~ to buy. The dry goods auction sales held to-day
were rather sparsey attended, and cotton fabrics
still show dropping tendency, owing to the heayi-
ness OF the raw material Influenced in part by the
prospect OF larger crop than was previously ex-
peoted The bidding, a rule, was not spirited, and
many of the lots on the catalogues were passed.
Fine foreign fabrics went of at fair prices bur do
meshcs showed slight recession in some cases from
previous quotations Much caution is still shown in
avoiding speculative ventures, and purchases are
limited mainly to current requirements.
Government securities were quiet and steady
during the early part Of the day, but In the after
noon the so-caed war rumors which were put
anoat In the Gold Room for speculative effect were
used to depress prices Slightly. Before the close
Apxy fl,a
those who had sold 'short" previously were anxi-
GUS to 'cover," but there were no stocks offering.
Al the close the following quotations were current
and the market is TO all appearances rising one,
while our national securities beyond question
the cheapest in the country:-Registered, 1884, l13H
ll32< coupon, 1881, ia 1l4S; 520's, registered,
aSo2, 1851 1854; do, coupon, 1852, 113H 113,l;
do do, 1854, 109* lo9a; do do, 1885, Ill nix;
do. do, 1885, January aud july lossl. 1855; do.
DO, 1867, 1osA 1os7s; do. do, 1858, 1881 lO9
lo4O's, registered 1o4,< lo4,s; do, coupon 1oaS
1A,l; September compounds, 1885, lle><; October
d., llsA.
Al the commencement OF business the railway
snare market flrm and moderately active, and
at the early session OF the open board Pacific Mail
cold at 1918, Cleveland and Plttsburg sly ana New
York Central at 1853. AT the first regular board the
market was strong and active, and the call
Reading closed Ia higher than at the same time
yesterday, Michigan Southern u, Cleveland and
Pittsburg IL Cleveland and Toledo X, Rock
Island q, Northwestern q, do preferred IL; Fort
Wayne \, Milwaukee and 81. Paul ~, do. pre-
Serred y, Pacific Mail 3, Hannibal and st. Josep
AZ, Tennessee skies, ex coupon u; North Carolina
skies, ex coupon, e, and new issue 1; while Ten
nessee skies were lower and Missouri State skies
!. Government securities were duh but steady. At
the open board at one O'Clock prices
for York
which were steady. AT the second regular board
the market was steady and active, and on the call
Erie closed a higher than at the first regular board
Reading y, Michigan Southern Il, Cleveland and
Pittsburg ", Rock Island "a, Fort Wayne a, Tennes
see skies, ex coupon y, and new issue u. Gov
ernneni securities quiet and in some instances
sne-eighth per cent lower. At the open board at
hafpast three Erie sold at 4o,f; Cleveland and
Pittsourg, ssA; Rock Island, 1925; Pacific Mail,
1o7h, aud Tennessee sixes, new, 6ex. The Fourth
National Bank advertiscs that the overdue interest
the bonds OF Tennessee will he paid on aud after
the first Wednesday in October. Later in the after.
noon Erie advanced TO AK n Az, and the whole
market was very strong, hut the improvement was
not fully sustained and at the close at a quar-.
Ter 20 six the following quotations CURRENT
New York Central 1858 o 1883; Erie, 46is a a.;
Hudson River 1891; Reading, 9is. 9la; Michigan
Southern SAY S4as; Cleveland aud Pittsburg, sSls
. ssh; Cleveland and Toledo. 1927. a 1903; Rock
Island, lo3 l031s Northwestern, $50. a 90: do pre-
ferred, ss5f SO; Fort Wayne, 1926 ohio and Mis-
sissippi, 2eA4 a 20l1; Pacific Mail, 1915 1875;
Western Union Telegraph, S4a34..
The foreign exchange market was rather dropping,
and at the close bankers bills on England at sixty
days were quoted at 1881 a 1921 ut three days,
1osN 1898; commercial bills, l0SA a 1857. Bank
ers' bills Oh Paris at sixty days, 5lS3t a5.I7h.
Consols and American securities were quoted thus
IN London to-day and ON ,he previous da,cs men
tOned:--
Teh5. cDt 10. Scp. fc.
COnsOls .................. ~ % ptI.
Ffvetwcnties. ............ "a az T2t
Illinois Central "a nue. 10.
Ere. ACKNOWLEDGEMENTS. SoM Boa W4
A Chicago journal OF the 18th inst. SAYS that the
currency movement TO the coun,ry seems to have
totally ceased for the present. Scarcely any of the
banks have bad orders from their country CORE
spondents aud all the banks have stopped ordering
currency from New York. The large supply OF cur
rency keeps exchange firm, and sales were made
between banks at fifty cents per 81, 600 on