The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-07-26


WAS active and strong and sold after the first open
board as high Us s01s Government securities opened
at the closing prices OF last evening. and after
the first call advanced an eighth per cent under O
considerable demand for the hve-twentes OF 1884
and 1867. subsequently, however, there was a re-
lapse to the prices previously current at which the
market remained steady. The later issues OF ave-
twentes are relatively much cheaper than the
bonds OF 1852 and 1885, and with the adjourn
ment Of Congress for the an invest
ment demand is likely to spring up which will
carry prices higher. At the close the following
were the Observation-Disclosures 1881, 1853 a
l15ss coupon 1881, 1l51 115ss: 520's, registered
1892, ITO 1lOh 5-2Os, coupon, 1862 ll4A4 Hay;
do, 1854, 1l11a MY; do, 1886, 1921 a 1l2h;
do, 1865, January and July, 1O9h 1924; do, 1867,
1927 1O9h; do. 1868, 1927 lO0%; 1O-4O's, regis
tered. los 1Os14; lO-4Os, coupon. 1881 q 1885;
July 1905, 1Os1 1Os7s; August compounds, 1865,
llsh; September do, 11s; october do, 1i7h.
Money is becoming drug in Wall street, and the
supply to-day in excess OF the demand at three
per cent governments and other first class stocks
although four was generally asked for small and
moderate amounts miscellaneous coaterals.
The statement OF the associated banks OF
this city for the week ending to-day is
favorable to continued monetary ease, although
the deposits show q decrease Of $1,369,0s7 The
specie has increased $4O5,O7O while the loans have
decreased $25702S5 and the circulation is reduced
$4O,738. These figures prove the banks to be
$1,350,OO0 stronger in point Of reserve than they
were week ago, allowing for the loss Of deposits,
and the totals Of the last two statements sub
j0lned:-
Loans. ............ 1882. el5 400 $780, 345, 255
sR Ircaist,cn 20 sSa a aoa
R0r
Legal tenders. 71,547,545 ", ,586
At the first open board the stock market was firm
but dull, except for Cleveland and Pttsburg. which
was active and strong and New York Central sold
at 1896 Erie, 6sss; Reading, 94zs; Michigan South
ern, 91z1 92; Cleveland and Pittsburg, ssyI s9H;
Rock Island 1919 1o7l<; Northwestern, S3s; pre-
ferred ssS; Fort Wayne, 11O4; Ohio and Mississippi
3O5s. At the first regular board the market was
steady and quiet and on the call New York Central
closed q higher than at the same time yesterday,
Cleveland and Pittsburg u, Rock Island q, North
western preferred Il, Milwaukee and st. Paul S,
Tennessee skies, ex-cOup0n, l; new issue ~ and
North Carolina skies, new issue, u. Government
securities were strong at an advance OF
u per cent. At the open board at one
O'Clock prices were without material change, and
New York Central sold at 134s; Erie, 6sS; Read
ing, 94zs; Michigan Southern, 91x 91T; Cleveland
and Pittsburg, ssS; Rock Island, lo7x; Northwest
ern, 634; DO. preferred. S3,s S3H; Fort Wayne,
11Oh a 110A; Pacific Mail, 1907 q 100k. There was
no later session Of either the regular or the open
board, but the dealings were kept up in the long
room with moderate degree OF spirit until half.
past three and for hour later In q feeble way
the street. At half-past four the market closed
with frmness at the following quotations.
New York Central, 134k q 134s<; Erie, 6s1S 6sH;
Reading, o41l os; Michigan Southern. 91N q o.;
Cleveland and Pittsburg, ssx $50; Cleveland and
Toledo, 103 1O3k Rock Island, 107x 1Os; North
western, SO q s3x; do. preferred, SO s3H; Fort
wayne ITO q 110k; Ohio and Mississippi, 30,. q
3oh; Pacific Mail 100 a l00x; Western. Union Tele-
graph, IS a 35k.
The market for foreign exchange was inactive, as
usual on Saturday, but nomnally steady. Bankers
bills on England at sixty days were quoted at ITO
q 110x at three days, 11OH 110x; commercial
bills 1091I 1921. Bankers bills Paris at sixty
days, 615 5.12h. On Berlin-Bankers', 71X q ~;
commercial, 71k TX. On Bremen-Bankers'
1871 80; commercial, 1917 q 7oH. On Frankfort
Bankers, Al q AZ; commercial, 4Ox a 407s. On
Observation-Disclosures, AVA Az; commercial, Il a
az. On Hamburg-Bankefs', 36x q 3s'I; CONNER.
cial, SO a 3ex. On Antwerp-Bankers, SIS 5.12h;
commercial, 5.1sk SIS.
Mining shares continue dull, and at the first board
Montana sold at &c., WAIKIKI Lead 15c., Liberty &c.,
Smith and Parmelee IS u.s. Mendoza 81 rs, Edgehill
81 rs - 30, United states PETROLEUM 81.
The daily conversions OF seven-tMrty notes into
nve.twenty bonds have been understated at the
sub-Treasury since the beginning Of the present