The New York herald., 1862-01-25
FINANCIAL AND CONNER ctAL.
FRIDAY, Jan. 24l6 P. NJ.


The upward movement in gold received check
to-day. 1t fell to 1887 at the first board, and to
lO32 at the afternoon session, with sales of about
5000, and was freely offered late in the day at
the last named price-a decline of Il per cent
from the highest point touched yesterday. The
exchange market is also weak again and very in
active. The best sterling bills were offered this
afternoon at ia, and many bankers signatures
demand was exceedingly light.
Money remains in easy supply to the brokers at
six per cent on call. Paper is scarce and
the rates unchanged. The 7.3O per cent Trea-
sury notes continue to depreciate as the
supply from contractors increases. We hear
to-day Of transactions in the endorsed notes at
3%a4 per cent discount. small sale of the
clean' notes was made at the board this after
noon at lI per cent discount but the street rate
is2a2L.
The latest telegraphic dispatches per the City of
New York inform us that the Bank of England re-.
duced its minimum rate of discount to 21l per cent
receipt of the Jura's advices. The sales of cot
ton at Liverpool on the 9th inst. amounted to
250 900 bales. at an advance of "a. Id. pound.
The stock market opened weak this morning, not
withstanding the tone of the City ofNew York's ad
vices and several of the railroad shares fell off
fraction from the highest points touched yester-
day; but the general tendency at the close was
upward. The registered 6's Of 1881 fell to ssA at
the first board but rallied to sss at the afternoon
session, and closed in demand at that figure.
The coupons fell to s91I, but closed at s934 bid.
New York Central opened at s3ss, fell to .s31I at
the first and to s33 at the second board, and closed
at s31l Erie fluctuated between 35 and 35A,
with sales of about $500 shares closing in de-
mand at 30. The Western shares were generally
frmer. Michigan Central opened at 54, rose to
541l at the first board, to 5424 at the afternoon
session, and closed firm at SO. Illinois Central
rose to So, and Toledo to 3S1, but the last named
stock fell back to 3S at the second board, and
some large sales were made at that price after the
final adjournment. State stocks were irregular.
Mssouris declined to 42114, and North Carolinas to
6la, while California's rs advanced to so,
Illinois coupon ,6's to 81, and Michigan rs, war
loan, to 30. we notice further advance in Mil
SO. The following were the closing quotations.
United States 6's, registered, 1881, SsT s9 do.
6's, coupon, 1884, s994 80; do. SIS, coupon 1874
70 a sO Indana'5s, ,-a76; Virginia SIS, 5O14 5OLS;
Tennessee 6's, A 4494; North Carolina 6's, 62
6214; Missouri 6's, 4214 421Ss; Pacific Mail, 9s
a 9s1d New York Central s3}s a s35s Erie, IS
a 351s; do. preferred, 571s IS; Hudson River,
3s5s 80; Harlem, l2994 ID; do. preferred, 3Oa4
3lI Reading, 391I 39s4; Michigan Central 55
o 5s; Michigan Southern and Northern Indiana,
2O,l a 2O5s; do. guaranteed, Al AZ; Panama,
1923. ll314; Illinois Central, 621s SO; Galena
and Chicago, 6s a Gs1I; Cleveland and Toledo, 80
a 3s1s; Chicago and Rock Island, IS a 551s; Chi
cago, Burlington and Quincy, el'4 a e21s; NIilwau-
kec and Prairie du Chen, 2l1l %; Cleveland
Columbus and Cincinnati, lo41l iO5; New York
Central 7's, 1876, 1927 lO4; Erie third mortgage
| bonds, 90 q 80; Michigan Central s's, first mort
gage, 97L o 90; Illinois Central bonds, Us, 9l%
| 92.
The business Of the day at the Sub Treasury was
"a follows:--