The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-08-13

preponderate largely over our exports the value of
the former at this port from the lst OF January to the
LIST Of August having been s145, 1884 In specie,
freight ana duty unpaid while that OF the exports
during the same time. or rather up to the 4h inst,
was only 500 079 O5S in currency For the week end
ing the 18th inst. the exports exclusive Of SPECIE
were valued at 49, 209,3I2, while the imports for the
week ending on the 18th inst amounted to $6046 093
in specie. The fact that Notwithstanding the per-
eistent hammering OF the market since Wednesday
last it failed to decline at any time below 1859 has
strengthened confidence in rse from its present
point 146 s regarded what is technically called
Ehardpann for some time to come There was
a good borrowing demand for coin but the supply
was abundant and loans were made 'hat' and at
TWO and three per cent for carrying. The gross
clearngs amounted to $685. ooO the gold balances
to 3S7 l59 and the currency balances to
The amount OF coin and bullion held by the Bank Of
France on the S0th OF July 949 042 200 sterling,
che largest aggregate yet held by that institution
any one time On the 10Th ut the Bank OF England
held only f21 964, 65I of specie and bullion in both
departments, and it is noteworthy that nearly all the
gold latterly imported into England has found its
way Immediately into the Bank Of France. The
Sub-Treasury disbursed $44 900 in coin in payment
of interest during the day. In explanation Of there
having been shipment Of specie by the Scotia on
account OF the Alaska payment it is understood that
two transfers made by telegraph in the sum OF
100000 each to Messrs. Barring Brothers, in London
by Messrs. Raphael Sons and Messrs Stern
Brothers, on account Of their correspondents in this
city the exchange being settled here after receipt Of
advices that the transfers had been made on the
basis of 1ooX 1925 for sixty days bills. The varia-
tons in gold during the day are thus shown
1896 A. ..146X $500 P. M...........146M
lao r. M. .146X $40 p. M............147
There has been somewhat armer market for rail-
oha oto To- dow
have had to record Of late. but the speculative feel
ing OF the street continues tame, and the task
OF sustaining prices devoves entirely upon
cliques. The outside public displays great apathy
with respect to all Stock Exchange movements, and
the brokers and other professional spectators act
with extreme caution. Towards the close the i'm
provement Of the morning was lost, and there was
more pressure to sell than to buy Money continues
abundant at three and four per cent CALL the sup
ply being largely in excess Of the demand. In dis.
counts there is activity, and the best grade OF
commercial paper Is still scarce and quoted at 5K
q per cent.
At the commencement of business the railway
share market was duh but firm, and at the early
session of the open board Erie sold at 5s New York
Central ut 1888 and Rock Island at 112x. The
transfer books OF the Rock Island Company have
been returned 70 this city and will be
closed on Saturday, the 18th instant, pre-
paratory to the payment Of the ten per cent
dividend in cash the 1s, Of September. The divi-
dend In question includes the two half-yearly dvi-
dends due in April and October IN the present year.
the first OF which was suspended owing to the ltiga
ton In which the company was involved, growing
out OF the issue OF the 49, 900 shares Of stock
Stockholders before receiving this dividend will have
to sign assent to the issue Of this stock part
of the permanent capital or tho company AS all
the suits against the company have been either
drawn or dismissed this will probably be done.
At the first regular board the market was quiet
but firm and on the call New York Central closed a
higher than at the same time yesterday Erio IL,
Reading X, Rock Island e, Fort Wayne Il, Pacific
Mail Il and Tennessee skies, new issue, 1. Govern
ment securities were firm at fractional advance.
At the open board O'Clock the market was firm
and New York Central sold at 1875 and Cleveland
and Pttsburg at SIX. At the second regular board
prices were well sustained, although the
volume Of business was light. On the call
New York Central closed X higher than at the first
regular board, Michigan Southern 4 and Tennessee
skies, ex coupon, /. Government securities were
dull but steady. After the call quotations tended
downward, and at the open board at hafpast three
Erie sold at SIX and New York Central at 12sZ.
During the remainder Of the afternoon the market
was dull and dropping and at the close at hafpast
ave O'Clock the following quotations were current:-
New York Central, 1891 12sx; Erie, SIX Q SO;
reading, ok q ok; Michigan Southern, SO SOY;
Cleveland and PIttsburg, s7x s7k; Cleveland
and Toledo, 100K; Rock Island, 112H o 112k;
Northwestern, sax q s3f; Northwestern preferred,
sax s2X; Fort Wayne. 1854 o 100; Ohio and Mis-
sissppi, 2ox 2o71. --..., rt- t--...
There has been very confident feeling all day in
the market for government securities, and especially
with regard to the home bonds as distinguished
from those for which there Is foreign demand.
The inquiry was chiefly for the nve-twenties Of the
new issue of 1905 and 1867, while the exportable
bonds were neglected. The cheapest bonds on the
list are the nve.twentIes OF 1884, which quoted at
11ox 10Y, although they carry the same amount
OF accrued interest as the bonds Of 1895, which are
quoted at 112x 112x. There Is consequently
margin OF IN per cent for legitimate rise in them,
supposing the bonds OF 1865 to remain steady at
their present price. After the somewhat prolonged
dulness we have experienced more active and
buoyant market for our national securities would
seem to be inevitable. At the close 1t was firm at
the subjoined quotations: Registered 1881, 1l5x Q
1l5K; coupon 1881, 115k 115X; 5-2o's, regis
tered, 1892 1923 1927; 5-2Os, coupon, 1862 114x
1l4,f; do 1854, 11oX 11oX; do, 1865, 1l2k 1928;
do. 1885, January and July 1925 1o9k; do, 1857,
lo9x 109k; do, 1865, 1904 1905; 1o40's regis
tered. 1857 LOG; 1o-40s, coupon, 1925 10ox; Sep
temser compounds, 1866, l1sx; october do, lis.
The Bank Of England return for the week ending
July 20 shows the following totals to which are ap-
pended the changes from the return Of the previous
week.
Rest. .f3, 31561S Inc. ..EI035s
Public deposits. 3,49g374 Inc. .3bp, $50
Otner deposb. Il 459064 Dec ..6239l8
On the other side OF the account W
Government securities. ...ElA,0l4,394 No change.
Other securities 100000 Dec 1880 100
Notes unemployed. ....... 11422,306 Inc... ss,675
The tax on real and personal estate has been re.
duced a. follows
The net amount charged to the counties
annually from 1882 to 1895 was Al Gs. ala
The net amount chargeable to the counties
annually for 1860, 1867 and 1858. ........ 3l3222
The Pennsylvania State debt was as understated
on November 30, 1860, and August s. $685. re.
spectiyely according to q recent return OF the