The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-02-10
Increase. SOS, 500
70 66l ,ool Ls $50 a,sos so

decrease oS,ooi ESQ 1905 500
There has been quite az active inquiry of late
i: 'iss me-. Icy, and some large parcels have
changed hands at per cent premium. As
general rule, outside of this city, the people at
large prefer government money, which they can
readily recognize and about which they know
, everything to any other kind of money. There
are persons here, however, who believe that city
bills will eventually be redeemed in coin, and,
with the latter st 1856 1856, naturally see profit
on purchases Of the former at lO3. The coin in
the banks, however, belongs TO the bank deposit.
ors, and not to the banks themselves. II tb ere
were an attempt made to use it, the, dep1sitors
would have right to claim their proportion Of it,
and would probably move by Injunction.
The money market is easy enough at per
cent. Established commission houses are supplied
with all the money they want at per cent, and
the minor spectators experience no difficulty in
borrowing at on the ordinary speculative shares.
The recent pinch in money has brought in good
deal from the rural districts and from New Eng
land. Debt certificates are u better than on
Saturday. Commercial paper of the highest grade
sells at per cent.
Gold was weaker to-day, the speculative demand
being considerably lighter. 1t opened at l56, sold
down to 1851 at the morning board, sold at l55 in
the afternoon, and closed that bid Spectators
in gold are very apprehensive that something may
be done in Congress or in the Legislature which
may epon their market. Exchange was dull at
l7lHa l72. The demand was light; but on the
other hand there are few bills pressing.
The stock market was rather dull this morning,
and, as general rule, the prices Of Saturday
evening, though generally lower than the earliest
quotations Of this morning, were not sustained at
the morning session Of. the brokers' board Erie
declined u, Central u Hudson "a Michigan Cen
trail n, Rock Island 1, Galena q Toledo 70,
Southern old "a, Illinois u. There was great
deal Of hammering at the board. Some Of the
leading operators have become satisfied tina. Con-
gress will leave the finances in muddle, and are
getting out short line. The movement is not re-
sisted with any vigor by the bulls, who probably
view the creation Of short interest with con-
siderable satisfaction. Dividend paying shares
yield but little to the hammering process. New
York Central, Erie preferred, Michigan Gen.
trail guaranteed, &c, have not declined 3
per cent since the market eliminated
. fortnight since; and the cheaper descrip-
tons, such as Erie old, Pttsburg, Southern
old, &C., have, notwithstanding the sharp down.
ward turn OF q week back probably cost the bears
more than they have yielded them. The public
are not moving actively in the market, owing to
the rumors from Washington. But as soon as the
financial policy becomes determined we shall again
witness renewed activity in the market. At one
p. NJ, at the public board, stocks were inactive
but very steady, especially the Western shares.
At the second board governments were better,
selling "a y per cent above Saturdays prices;
the general market was "a "a per cent lower than
in the morning. At the four p. NJ session Of the
public board the market was inactive and irregu-
lar. Governments, Galcna and Hudson were very
strong other stocks were weak and lower. The
following were the closing quotations at half-past
Ava