The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-08-25
FINANCIAL AND CONNER GAL.

MONDAY, August 2t-6 +. ID.
The gold market has been strong and moderately
active to-day under good demand to cover "short'
contracts well as on speculation for rise. The
extreme fluctuations were from 144ss at the opening
to 1855 with the closing transactions prior to the ad
journment Of the board at three p NJ. at 145. Sub
sequenty the demand increased and sales were made
as high a. I45H, and the latest quotation on the
street was 1453s 145A. Loans were made from
" nat" to three and q half per cent for carrying.
The SubTeasury dsbursed $2s 900 IN coin in payment
OF interest the public debt. The imports Of specie
at the port from foreign ports last week were valued
at $751; 45 making total Of $4.956 100 since the lst
OF January. The gross clearings amounted to
SAL OOO the gold balances to ST. 225 67, and the
currency balances to ST. so2, $40. The fact that we
have shipped about sixty-four millions Of the pre-
clous metals from this port since the LIST Of January
and that the balance Of coin belonging to the govern
ment In the Treasury has fallen considerably below
the average imports gives On upward tendency to
the premium. Added to these causes we
have another In the continued preponderance
OF our foreign imports over our exports. While the
imports at this port for the week ending on the 2lst
inst. were valued at 81, 844 900 in god the exports
of domestic produce were valued at only SARA 663
in currency and herein we have the key to the ship
ments OF specie, Notwithstanding the large amounts
OF fve-twentles and other national securities which
We nave sent 10 Europe. 10 SuCn an extent OF late
years have these been exported that it is now
estimated that seven hundred millions are
held abroad. But above all commercial
considerations in immediate importance is the finan-
cial question, the agitation of which during the
coming Presidential campaign can hardly fail to
stimulate the upward tendency OF gold. Even such
men as Senator Sherman are found advocating semi
reputation doctrines and the question arises, what
nextP The variations In the price during the day
were as foows:-
10 A. M. ...... 144% 3P. M............. 1851
1I6 M.......... I45H $3.50 2. M........... 145Z
The railway share market, although unsettled ut
the opening has been on the whole firm during the
day, and Erie was more than usually feverish, its
fluctuations being from AK to 5O. What its course
will be In the immediate future is as uncertain as
the weather. and therefore there is no inducement
for the public to buy it, Notwithstanding the heavy
decline has already undergone. In the other stocks
there was no material change and the speculative
feeling was tame. The order which was made by
Judge Barnard to-day against the Milwaukee and ST.
Paul Railway Company in reference to that part Of
the line originally known as the La Crosse and Mil
weukee Railway grows out Of matters which have
been long in litigation, and need occasion anxiety
on the part OF those interested in the Milwaukee
and st. Paul Company.
Money continues in abundant supply at four per
cent on mixed cOllateras but the exceptional trans
actions below this rate are very few even on gov
eminent securities, and at the same time there IL
equally little business at any higher rate. Although
the drain OF currency westward Ia still going forward
actively 1t has exerted material effect yet upon
the money market at this centre. A Chicago Jour-
nal OF Friday thus refers to this feature OF the stua-
tion:-
Currency continues to arrive in large amounts
from New York, but orders from the interior absorb
IN. no
supply here down to rather q low point, though
there Is still sufficient for all legitimate require.
ments and first class names readily discounted.
STILL as the supply Of funds is gradually decreasing
so Is the market gradually tightening, and long
we look Tor a close market. Rates OF interest re-
main steady and unchanged at ten per cent per
annum.
comparison OF the statement OF the associated
banks of this city for the week ending August -
with that for the corresponding week in each OF the
three previous years shows the following changes:-