The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-01-27

be slow of circulation, In consequence of beng
interest bearing.
r The money market il pretty active. and brokers
who want money do not find it az readily AZ they
did, though the rate for call loans may still be
called six. on good collateral. Some Of the bank
ers began this morning to call in their loans
partly for the purpose Of preparing themselves
for contingencies and partly in order to mark up
rates if possible. Good business paper is in re-
quest, and sells at 81 6L per cent. Debt Ger.
tiiicates continue to fuctuato between 95L and
s6s4.
Gold sold this morning % low 1857, then rail-
lied and rose-on the announcement that Burnside
had resigned the command Of the Army of the Pc.
tomsc to General Hooker-to 1907; sold in the af-
ternoon at 1921 and closed l5lT bid. Had it not
been for the resignation Of General Burnside and
the anxiety which any change Of commanders or
policy creates in Wall street. gold would proba
bly, have fallen to-day. 1t costs over q Of one
per cent to carry gold, and bankers exact even
larger margins in lending ON it than on fancy
stocks-in view Of the heavy fall, which would in
eyitably follow any brilliant military success, such
as the opening Of the Mississippi. Exchange was
inactive to-day at 1851 a,I66; buyers hole back
as usual after every advance, and bankers show
no anxiety to sell. Late in the afternoon, after
the advance in gold, 1851 was bid without finding
sellers.
The stock market was active this morning; but,
as was generally expected, prices were uniformly
lower. There was no fall of ten per cent, such as
occurred on Thursday last in Harlem but every
thing declined considerably from Saturday even
ing's quotations. Thus. at the first board, Pacific
Mail fell per cent, New York Central T. Erie 211as,
Erie preferred TX. Hudson 2, Harlem 2, Harlem
preferred 4, Michigan Central Ia, Southern old
31, guaranteed l, Illinois ~, Toledo 2, Pittsburg
l. Rock Island ~, Prairie du Chen 211l Fort
Wayne TX. In bonds there was no decline; the
Terre Haute incomes rose per cent. The sccuri-
ties of newly recognized roads, which are doing
well-such as the Terre Haute, the Chicago and
Alton, &c.-appear to be growing in public favor,
partly in consequence Of the high prices of other
dividend paying stocks. State stocks were steady
and governments were without change. At the
close Of the morning board there was perceptiblc
Improvement in the market. and the active
stocks-such as Erie Southern old, Toledo, &c
were in request, at considerable reaction from the
mornings decline. At the one P. M. session of j
the public board the market was rather inactive,
but prices were fully maintained. Erie rose per
cent from the lowest price Of the morning At the
second board the market was irreguiav. News
was received Of further changes in the com
mands Of the Army of the Potomac, which had a
tendency still further to unsettle the minds Of
operators, to depress governments and put up
gold Erie and the other New York shares were
Has4 per cent lower; the Western shares were
fraction better. At the four p. M. session Of the
public board the market was rather inactive as a
rule and Erie was weak. The following were the
L. l,aIf a. Ana