The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-09-06

Iuesday ACKNOWLEDGEMENTS. las l44n
Mweunssuay '..'......... ........ 1904 is44
nnuTsday. l44S l431s
rrluay.. ACKNOWLEDGEMENTS. 144H ASK
ooooA o"y lax lax
There e no change to record In the condition of
the money market which is extremely easy at three
ana four per cent for call loans, the leading dealers
IN government securities being supplied mainly at
the lower rate In exceptional instances flye per
cent Is paid for small amounts on mixed colaterals
ana one or two banks that have money to lend ask
this rate. The drain of currency westward ia on n
very moderate scale, as the statement of the asso-
ciaed banks OF this city for the week ending TO-DAY
clearly shows. The deposits have been reduced
s24s0,SO5, OF which s133 $50 is In SPECIE while the
legal tender notes have been reduced $1,77s6O3 In
the loans there is an increase Of $49970 and in the
circulation an increase of S58, $50. These figures
more favorable than was generally anticipated, and
there is nothing In them calculated to shake conn-
dence In an abundant supply Of money during the
remainder OF the year. The totals OF present and
last previous statements as subjoined:-
Loans. $27l, 7so,726 $27l, 500
| Specie. .,............ l6sa9,i0S l6,sl6,77S
OrculatlOn .......... "a, 1889 4,HO,4l9
Deposits ............ 2lO,334 6l6 POI, 800, 341
Legal tenders. 67,75I,o75 65.9S3.773
Government securities were quiet but firm
until after three O'Clock, when an active de-
| mand for the nve-twenties Of 1855 NEW issue),
1867 and 1868 led to an advance Of q quarter
per cent, while those OF 1864, the cheapest the
list, also advanced an eighth. The market
at hafpast four closed very strong at the suboined
figures, and from its greatly oversod condition and
other causes considerably higher figures next week
may be regarded as almost inevitable: Registered,
1881, 113K 1l3%; coupon 1881, ia l14H; 520's,
registered 1852, 1884, l0S&; 62o's, coupon, 1882,
113h 1875; 52Os. coupon, 1854, 1908 1092l 620s,
coupon 1865, 1l13s 1l1h; do, 1866, January and
July, 1887 100; do. 1857 loSzs 1o9; do 1868, 1885
100; 10-40's, registered, 1854 1o4<; 1040's cou
pom, 1047s lo5A; October compounds 1886, 1lsx.
The railway share market has been dull, and even
Erie attracted less attention than usual, its nuc-
tuations having been limited to x per cent, namely,
from 481S TO AN; but the Milwaukee and st. Paul
stocks were exceptionally strong. At the early
session of the open board there q moderate de-
gree Of activity and New York Central sold at 1884;
Erie, Al; Reading, 92H 92h; Michigan Southern,
s5S; Cleveland Pittsburg SIX SIX; Cleveland and
Toledo, 102h 102S; Rock Island 1921 103x;
Northwestern, $50 S67s; do preferred, s6x 66x;
Fort Wayne, 1881 1osh; Milwaukee and st. Paul,
sOK S1H; do. preferred, So; Ohio and Mississippi,
2on; Western Union Telegraph, a4H. At the first
regular board the market was moderately active and
prices were without material change. On the call
Erie closed u higher than at the same time yester
day, Northwestern q. preferred x, Fort Wayne q,
Milwaukee and ST. Paul az preferred "a, Pacific
Mail y, Canton u, Tennessee skies, ex-coupon, Ia
and new issue Ia Government securities were
firm but dull, and hve-twentes OF 1857 were one.
eighth higher. At the open board at o'clock the
market continued steady and New York Central
sold at 1864 126h Erie, 4o7 preferred, essi; Read
ing Ok; Michigan Southern, s5<; Cleveland and
Pittsburg SIX; Cleveland and Toledo, lO21s; Rock
Island 1925; Northwestern, s51s SO, preferred, SO
sos; Milwaukee and St. Paul, So s3k; preferred,
$50 $50; Ohio and Mississippi, COX 2sh; Pacific
Mail, 1929 1O2h; Western Union Telegraph 4k.
There was no later session either OF the regular
the open board, but business was continued in the
lower hall Of the Stock Exchange building until half.
past three, and afterwards on the street un-
til q quarter past i've, when the mar
ket closed steady at the following quotations.
New York Central, 1861 1861; Erle 4ok 4ehs
Reading, 91z 91H; Michigan Southern S6x s5H;
Cleveland and Pittsburg, SIX o s73Sj Rock Islands
1923 1924; Northwestern, s5x 85X; do. pre-.
ferred, s5k $50; Fort Wayne. los 1oSK; Ohio
and Mississippi, 2oH 2eX; Canton Company, 4eK q
At; western Union Telegraph, s4x 34A. Ass~.
The foreign exchange market continues firm In
tone but there has been no business Of importance
transacted since yesterday. At the close bankers
bills England at sixty days quoted at 1905
1o0k; At three days. fOoH loox; commercial bills,
10sk 100. Bankers bills on Paris OF sixty days.
5.1sx o 616z.
The financial ana Commercial Chronicle thus re-
| fers to the cotton movement ct all the ports- =.
The total receipts for the last four days havo
reached 2991 bales, against 1890 bales last week.
9S7 the previous week and 1,03s bales three weeks
since. As the cotton year closed with August 81 II
will be noticed that these receipts are not for n
week. The exports for the week ending tonight
reach total 2,el7 bales, Of which II bales 70
the Continent and $40 bales to Great Britain while
the stocks at all the ports as made up this evening"
| reduced to 60,676 bales. From the foregoing
statement 1t will be seen that compared with the
responding week OF last season. there IL increase
In the exports this week OF 1859 bales, while the
stocks tonight 25 746 bales less than they
| at this time year ago.
The transactions for the week at the New York
Custom House and sub-Treasury have been as fol-
lows
custom House. -S,ib- Treasury. -
Receipts. Receipts. Payments. balances.