The New York herald., 1871-08-10
FINANCIAL and COMMERCIAL.
WALL STREET.
WEDNESDAY, August &c r. NJ. I
AN EXCITING DAY.

Wall street, from present Indications would seem
to have awakened thoroughly from the condition OF
torpor which has OF late been the chronic burden OF
! the money writers. For the last couple OF days
there have been premonitiOns OF reviving excite
ment on the street that in one sense was fairly real
lied to-day especially considering the season OF the
| year. The actual results In the amount OF
| business transacted and profits gained are Of
| course far below the average CT previous
DAYS Of excitement; but as the large
| operators mostly out of town, and although
their brokers have margin enough to avail then-
selves Of the passing currents of speculative move
ment, yet it is to bur hmired extent, and large
operations may not be looked for until the return or
| the principals.
THE FEATURES OF INTEREST
which gave This stimulus to operations to-day were
continued and further activity In the stock mar
kel, Of which notice will be taken hereafter; sharp
decline in gold consequent upon a report that the
new five per cent loan had been all taken in London
and sudden and considerable advance In bonds In
| the London market
GOLD 11194 ll1T.
Gold opened on the street this morning at 1924
as against 1l2A a 112'S last night. The earliest
quotation In the room 112b. From this point
the market went Off 10 11l7s on the London quota
t0n for bonds coming u to 4 lower than last even
ing, and report being circulated that the new
loan had been successfully negotiated abroad. For
the greater part or the day subsequently these were
the alternate figures of the premium, the market
showing much animation and a fair amount of
transactions. Late in the afternoon, when bonds
were reported q to u lower, and a despatch was
circulated cOrrobOratlng In effect the rnmor
OF the morning, and announcing Jay Cooke
Mccullough as the second party TO the ne
gotiation 1l1% became the settled figure OF
the premium, the market (barely touching III ~
steadily resisting any further decline until after the
breaking up Of the regular board when gold was
offered at split below, 1112l bid, at which the
market LETT of. In the loan market the rate was
nat and l per cent for borrowing. The operations
Of the God Exchange Bank were as follows:-Gross
clearngs, sis,5OsOOO; gold balances, $l,4o2, 7O2;
currency balances, sl,5So,35d
GOVERNMENTS FIRM.
Governments Opened mostly steady between the
two influences OF an advance in London and
decline In gold here Some OF the issues were
rmer currency SKIES selling al l147s 'o1 skies at
H. the new 1858 l12sa, and 6s's 1885, The 'c7's
were quoted 1l3A ns9s, the Old '65's l144 a
1l4h. and the ten-forties 1884 l13k. AT
the noon call 'Sl's were steady, '67's even
at l34 and currency skies at l15X, and later ll6.
The market In the afternoon was mostly undsturbed
by the reported negotiation Of the new loan
well as the further decline in gold, and
an additional advance Of bonds IN London
q a IL per cent, and closed strong. The
most noticeable feature In this market was light
offerings at the Sub-Treasury which only amounted
to $445 900 at prices ranging from 1ll9s to ll2A
OF this amount only 500, 100 could be Obtained below
par, viz, at 111.e9, which amount was alone ac-
cepted The following were the closing prices:-
United States currency skies, ll424 lis; do, 1881
registered 1l61 III; do DO, coupon, 1863 1176;
do. Gve-twenties, registered, May and November,
ia a I144; do. DO, 1852, coupon, do 115 q 1lbA;
do do, 1854, do. do ia 1l4l4; do. do. 1865, do
do, ll43s ll4M do. do, registered, January and
July, I12A 1132%; do. DO, 1868 coupon. do, 1924
a 1127S; do. dO 1867, do. do. 1131s l133s; do. do
1865 do. do. 1881 ia; do. tenforties registered
l09}S 1O9,d; do. do, coupon ll3,s ll3IS.
SOUTHERN SECURITIES STEADY.
The Southern list excepting little more hrmness
in Tennessees, this morning were dun and steady
closing folows:-Tennessee, ex coupon, 75H
70; do new, 75h 70; Virginia, ex coupon, e4h a
65; do new, 70 73s; do. registered stock DID, 65s
a SO; Georgia skies, SO 81; do. sevens, 80 a 90;
North Carolina, ex coupon, "A Al; do. funding,
1861 33 a 35; do. DO. 1868, 81 81; do. new, n
%: do. special tax 1885 10; Missouri skies, e6X
a 96: do. Hannibal and st. Joseph, 95 q 95H;
Louisiana skies, % a 6S}a; do new, o2 63; 10.
leyee slxes 69H 71h do. do. eights, 81 a SO; do.
Penlentlary sevens 70 72; do. railroad eights IS
railroad eights 9s 95: South Carolina skies, 70 rs;
do. new, January and July, SO 5sI: do. do, April
and October, so a 90; Arkansas SKIES, 53a IS; do.
sevens issued Little Rock and Fort Smith Railroad,
54 Sc; do. eights, issued Memphis and Little Rock
Railroad, GA a &c; Mobile and Ohio Railroad sterling
81 80; do interest eiehts, 81 q 49, do second mort
gage eights, 20 rs; Mississippi Central Railroad
FIRST mortgage sevens 81 a SO; do second mortgage
eIghts, rs II So New Orleans and Jackson first mort
gage. 81 So; do second mortgage, rs s5 Men,
pbis and Charleston Railroad first mortgage, 81
SO; do. second mortgage IS Is; Greenville and
Columbia Railroad, guaranteed by South Carolina,
IS y 81: Macon and Brunswick, guaranteed by Ge0r-
Cia, ~ a IA wilmington, Charlotte and Rutherford
eighls So a 90; Memphis and Little Rock Railroad
eights rs 7s; Memphis city slxes, IS a SO; Savan-
nah city sevens, So a SO; New Orleans cOnsols old,
~ 70; do. issued railroad sixes II -; DO.
ssveIls, 67 GO.
STOCKS ACTIVE AND HIGHER.
The stock market opened with renewed activity,
with western Union, Ohio and Union Pacific as the
features and generally advancing prices. This was
continued TO the call, when a fractional decline
took place, most OF the active list going on. BE.
tween the calls the market dull and barely
steady prices fuctuating within a narrow margin.
After the last call fresh buOyancy was impaired by
the news concerning the new loan and the remarka-
bic activity in American securities in London and
nc about three O'Clock in the day the highest figures
were recorded From this point the market grew
duer and upon reazations prices receded, closing
mostly OF. Adams Express was unusually active
to-day ana sold up to S5. The supjolned table shows
the extreme figures of sales In the active list--
Highest. Lo,cest.
New York central consolidated. -. 9sss esss
New York Central scrip......'...... e4a+ e42s