The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-04-19
GEO. WILSON, Marcy avenue, Brooklyn, E. d.
LETTER FROM Ex-POLICENAN BRADY.
TO THE EDITOR OF THE HERALD.
No. 30S EAST TWENTY FOURTH STREET,
FINANCIAL AND COMMERCIAL

TUESDAY, April Is, 1866.
The volume of business transacted in Wall street TO-
day has been very light in consequence of the general
disposition to conne business within the shortest pos
sble limits pending the funeral ceremonies Of the late
President.
In the gold room there has been extremely dull
Market although purchases quietly made to cover
sales yesterday morning It is currently reported that
certain clique subscribed million and half on satur-
day evening "bear' the Market and the result is
course, handsome profit. Tho immediate revival Of
confidence and subsistence OF excitement following the
Of Saturday had however, far potent influence
In putting the gold premium back TO where just
prior TO the sad event Of Friday than anything else This
feature not without Importance, indicating the
stability Of our institutions under the most extraor
binary vicisstudes. Monarchica Europe may take
once lesson and warning from this and it is crafty
Ing the nation that under such sudden shock that
produced by assassination Of Mr. Lincoln
securities hardly experienced single vibration. In no
other country it is safe 10 say, could similar event
have occurred without violently aga,ng and depressing
the public funds.
Opinions divided to tho future OF gold
Ono side maintains that the payment Of the May coupons
by the Treasury will lower Market while the other
argues that fully onehaf Of the interest upon five
twenties due holders Of the bonds in Europe, the
also anticipated that there will be constant
drain Of gold the South hereafter pay for produce
and other property there The 'shot interest at the
same time large aud our import trade must
soon experience revival. The aster will he likely
TO result in renewal OF exports of specie. But apart
from legitimate causes there is little to affect the
PREMIUM and it is TO the public interest that speculation
in it should BIO discouraged and die out We have had
Sufficient experience OF runous fluctuations 70 be able
to appreciate the national blessing of currency with
some approach TO a staple value.
The OF gold during the day Will be by the
following 6gures:-
1890 A M........ 1907 800 No.. 147x
lZ:O0 M............ 1903 o:3O 4. M.......... 1914
100 L. M......... 1907
The stock market dull and declining at the FIRST
board. New York Central sold, on the CALL at 95 90;
Erie, 73k Il; Hudson River, log l0sZ Reading
10IX ~; Michigan Central, LOG q 107; Michigan
Southern, 81 Illinois Central III u ll2 Cleveland and
Pttsburg, ny; Northwestern, 2sK a u; Rock Island
94l "a; Fort Wayne s3ts u; Ohio and Mississippi
certificates 90 Cumberland Coal Company 49, American
Coal, "a; Marposa, 1919 T. Government securities
were 1rmer Coupon skies Of 1851 sold at 109x a u ;
five twentes, 1861 new issue, 1864 ~. The decline
in New FORK Central from yesterdays morning board
price AZ, Michigan Southern ~, Hudson River q,
Cleveland and Pt,sburg "a, Reading "a Northwestern
,, Rock Island g. Fort Wayne Ia, Ohio and Mississippi
l. Erie was / higher, Illinois Central go, Michigan
Central g.
After the call quotations were lower under pres
TO sell At the open board at O'Clock the market
irregular Erie sold at Tx, New York Central 90
and Reading l01. Afterwards the street there
rally and at half past three Erie sold at 73X * New
York Central % " Hudson 1861 107 Reading
l021 y, Illinois Central 100 Z, Cleveland and Pitts
burg n ~ Rock Island 941 o5, Fort Wayne "a "
Mariposa l3h a Y, Cumberland 431 q a. Governments
continued rm. Tcn.forties were quoted at % r. FIVE
twentics l06ss "a.
There has been very little demand for money today
and large amount Of capital therefore,
poycd. There il change note in rates for loans
which vary from 70 per cent. The discount line Is
inactive at a per cent for prime paper
Foreign exchange is quiet and also unchanged Lead.
ing bankers ask 109k for their sixty days sterling
There will BIO session OF any OF tho boards TO NOR
row. the brokers' Offices will be closed az also will
the Custom House and Sub-Treasury The banks how.
ever owing 10 ts not being legal holiday will remain
open ill noon at which hour by joint resolution they
have agreed suspend business They will not reopen
before Friday morning, Thursday being appointed by
the Governor as day Of fasting and prayer The sus
pension Of business that day h. however likely be
less complete than Wednesday The associated banks
have adopted resolutions appropriate 70 the OCCASION
and their cearanoes will be made at half past nine in
the morning.
The business at The sub-Trcasuy today was NJ fol
lows
Receipts for customs. ..................... $4,000
Total receipts. 1910
800 0ls
Subscriptions TO government loan. .......... 1900