The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-07-21

The railway share market opened firm and mode
ratey active, and remained without material change
during the Of the day. the Western stocks being
the strongest. State bonds IND especially Ten
nessees were dropping under apressure to realize
by parties tired of carrying then and apprehensive
OF further decline. Government securities were
dull and weak owing to the decline in gold the ship
pers regulating their purchases of the former mainly
by their sales OF coin. There some pressure
TO sell among the dealers during the forenoon
but subsequently the market was without any
marked feature. The investment demand Is light,
and the impression on the street. founded upon
adviccs from washington Is that it will be impossi-
bic to get both houses Of Congress to agree upon
funding bill this session. At the close the
market was inactive at the following quotations.
Registered, 1881, 1884 ia; coupon, 1884, ll4ss
Ii4 5.sos, registered, 1852, 1osH no. 62os, cou-
pom 1862, ia 114A; do, 1854, Ill ll1h; do,
1865 1925. 112,s; do, 1866, January and July. l0s
1921; do 1867, 1osH o 109A; lO-4o's, registered,
lOyX a 1879; Io-40's coupon, 1857. 1881; July
1905. iOsx q 100; August compounds, 1885, llsji
September do, lis; october do, 1l71s.
At the commencement of business the stock mar
ket was hrm, and at the early session OF the open
board there was good demand for the leading rail-
way shares. At the first regular board the market
continued drm and New York Central closed q
higher than at the same time on Saturday, Erie 4,
Reading q, Cleveland and Pittsburg y, Fort
Wayne ?. and Ohio and Mississippi u, while
Milwaukee and St. Paul was y lower, pre-
ferred 4, western Union Telegraph ", Ten
nessee SKIES. ex coupon, 2, and new Issue I. Gov
erument securies were dull and 4 Y per cent lower
At the open board ct O'Clock prices were slightly
higher Ia some instances and ct the second regular
board Cleveland and Pittsburg closed X higher than
at the Hrst regular board, Northwestern l. Fort
wayne X, Milwaukee and s.. Paul preferred y, Ohio
and Mississippi y and Tennessee skies, ex coupon,
~; while New York Central was "a lower, Michigan
Southern 4, western Union Telegraph u and Ten
nessee skies, new issue, y. Government securities
were dull and fraction lower. At the open board
ut half past three prices were well supported. and
during the remainder Of the afternoon the market
was steady but dull At the close, at hafpast I've,
the quotations were % subolned:--New York Cen.
trail ta3% 1857; Erie, estl; Reading, e6ss s5,s;
Michigan southern, s11s %; Cleveland and Pitts
burg. 81. q s1x; Cleveland and Toledo, 1914
1o,,.: Rock Isaud 1o7x 107ys; Northwestern, S2,S
a s9k; Northwestern preferred, sax Q SO; Fort
Wayne. liOk 1l0k; Ohio and Mississippi, 2ea
cet. Pacino Mall, 1olx q 1olK; Western Union Tee-
graph. 85,, 35,S.
The foreign exchange market has been weak oil
day. although the leading drawers continue to ask
1los. Ter sterling bills for small amounts at sixty
days. The supply Of bills was augmented by consd-
cradle amounts drawn against shipments Of nve
twentes and other securities and these coming from
German bankers In good credit here, sold ~ low az
10. At tue close prime bankers bills at sixty days
quoted at 1l0k the street. while rates gene
rally were ~ subjoned Bankers bills on England at
sixty days, 10 11ok; ct three days no.. HOS;
commercial bills losh 1921; bankers bills on
Paris At sixty days, 613x 5.121..
The London Daily Netrs OF the 9th inst SAYS OF the
bankruptcy Of Sir Morton Peto and his partners that
owing 10 the mode In which the afrairs OF the two
nrms OF Peto, Belts Champion and Peto Belts
were conducted, large sum-as much % fsoo ooo--
which ought TO form part Of the estate Of the three
bankrupts will be applied exclusively towards the
discharge OF the liabilities Of Peto Belts the result
being that tue joint estate Of the three bankrups
will be impoverished and that nothing will be avail.
able for the creditors thereon after payment cf the
costs OF the proceedings. This is remarkable com.
mentary on the proceedings Of the Peo party in this
country and especially 80 upon the ostentatious
terta,nmeut at Delmonico's
Consos and American securities were quoted thus
In I.ondou today and on the previous dates men
| toned
y,tv II. rtv Is. Jv,v 20.
Consols y. et,s a9lk PAX AJAX pas PAX
Ftye-tweni ies.... 70 a73k 72ha ~ a.
Illinois Ceutrai...10lL q = Okla POS q
kr;e.. ........... - a. 45,s a. 43A a.
The Michigan Southern Railway Company has de-
| ala ar Mt I'm