The New York herald., 1865-03-25

The failure OF o. tho largest IN
street was announced but 1t occasoncd no disturbance
In the gold The firm had large number OF "bu
customers in the Southwest and to the depreciation Of
the gold held on Of these the failure Is probably
owing
The stock market unsettled at the first board and
th, e,cts Of tho shock which It sustained yesterday
visible in sales made on account OF out
side parties But the tendency OF prices was upward,
under demand from private capitalists, who In the
present condition of things favorable opportunity for
the employment Of their surplus funds
At the lrst board Erie X higher than at the
second board yesterday Hudson River Ia Reading "a,
Mchigrn Central l. Northwestern u Illinois Central u,
Cleveland and rittaburg . Michigan Southern declined
l. Rock Island 4, Fort Wayne X, New York Central %,
Quicksilver Cumberland ", Ohio and Mississippi GER
tlcaos Ia
Government securities higher at tho opening, but
being pressed for sale they declined. Five-twentics
opeaedH l06 and cosed 1851. Ten-fortes sold at
9lx aSos os isslatfo5I
At tho open board O'Clock the market was irregu
lar and Erie Fsading Illinois Central Rock Island and
Fort Wayne were lower.
At the second regular board there was general i'm
provement New York Central improved 2H upon the
closing price at the first board, Hudson River 5K,
Reading 3}s Michigan Central "a. Michigan Southern
81, Illinois Central x. Cleveland and Pittsburg 2,
Northwestern u, Rock Island x. Fort Wayne !. Ohio
and Mississippi certificates u. Cumberland was 14
lower, Erie u. Government securities were dull Sizes
OF 1881 declined 3I nve-sventiss ~ -forties q.
At the open board halfpast three there general
improvement Of lk per cent, and the prospect rs
in favor Of further considerable recovery The bears
have largely oversoid the Market and should gold con-
tinue buoyant sharp twist may be anticipated.
The money market continues unsettled, and lenders
are exacting very wide margins in stock ooia,erals
par ia hn rate a &
In demanded In addition. First class COM
mercia paper is quoted at IL per cent The prevail
ing distrus monetary and commercial circles shows no
abatement
Foreign exchange is quiet at 10oK n for bankers
sterling at sixty days, and ITO II at short sight,
Thero a further material decline in the produce
and merchandise markets this morning. but the rally in
gold impaired 1rmer prices in the afternoon
barge number of houses have suffered severely by the
ayy fall but the number Of failures yet developed
is very small Creditors all sides show accommo-
dating spirit and notes are renewed with less reluctance
than usual Importers who have yet paid for their
goods the least considerable losers by the gold panic
they merely shut out Of profitable market But
jobbes and those whe bought their stocks here at Tho
recent high prices are in precarious position
Bya typographical error the loans and discounts cf
the Central National Bank to which we rofeTred yes
terday stated instead OF eleven Millions
The oxact the 9Th OF March $40 615eoo
the greater part Of which represented by the paper Of
dry goods houses None of the remainder consists of
government securities these separately accounted
for, and only aggregate 81. .soo, 800.
The petroleum intesess has suffered by the pons as
well the food, and hoers Of o, stocks find them very
nnsalable unless al sacssnce With tho development
OF lands during the spring. however, moro bsoyaus
and speculative fecIiAg is Akety TO manifesa iesi1
The boarding OF currency which 10 now tanjng pasee
operat's against that great In sAo nsn~y uasheA
which the. present sudden contraction Of vans WIN
Inevitably lead to- but with tho subsdeace Of ns psne
many Of those who have not boea rui1ea - s~Nusey
hurt by 1t will be xoy " mako nvestmens % raesscA
ablo securities national and sterwse; and thepafre
revival Of speculation mnV be apticirS3od % hr1ted
extent.
The annual report Of oe Hse Railroad hg3sdes the