The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-03-07
FINANCIAL AND COMMERCIAL.

MospAv, March o-sPh
Owing TO the national celebration to-day both the
stock boards adjourned after their session the
gold room was closed after twelve O'Clock.
Tho favorable military nsws published this morning
caused gold 10 open at 1854 decline OF y per cent
from he closing price Saturday bat at ten minutes
past eleven recovered to $780, and stood arm a.
1851.
The stock market showed more susceptibility to the
influence OF the war news and disposition to sell
evnced under which quotations declined, the
noticeable fall being New York Central which Lost "a
on the call and lower than ~ the close Of Fri
days arst board As compared with the latter, Erie de-
cncd u, Reading IL, Northwestern Il, Rock Island J.
Fort Wayne /, Hudson River ~ Chic ard Mississippi
certificates Il. limos Ccnlfl advanced 4, Cumberland
!, Mariposa Ia.
Government securities arm It Fridays afternoon
prices mey:-Goupor i've t~erties, 1loA az new
issue, ITO; tenforties, 971S LIZ
After the call the market veal but Il ii" oren
board at O'Clock IL fritr Tie volume u b1-s-
ness, however, being very init A.
There very few transactions in loans ana dis
counts, but the general rate FOR money cai seven
per cent with exceptions governments at six lhr
statement OF tn Associate Banks FOR the week Indicates
the increased activity which has been felt in monetary
channels by the large inc IA nens and discounts ana
the decline in the deposits Frs class rct paper
Is taken at 8 a 10 per cent.
In foreign exchange there has been only ne,a nal
amount or business transacted Tomorrow, however,
more activity may BIZ looked FOR, in preparaAon for
Wednesdays steamer Bankers sterling at sixty daya
Is quoted at los u; at tliprt light, 100
The Ninth National Bank subscribed $3.50, 900 to-day
TO the seven thirty loan.
The public Offices and banks posted notices that they
would close at noon.
bill has been introduced into the Assembly at Albany
rendering void all time sales OF god, stocks and bonds
and prohibiting brokers from lending or borrowing stocks
bonds and forbddng persons deposit brokers
receive money stocks speculation in gold under
The penalties provided for The punishment Of INSIDE
mcanors. The author of this videnty labors under
similar msapprehensons those OF Mr. Thadde
Stevens respecting the power OF legislation to control
tho price of gold. All legislative restriction of the
free circulation of tho precious metal is cal
oulated work injurious elects, and in period OF
paper money imitation Ike the present, enhance
stead OF diminish the premium specie, and stimulate
It's export as escape from such restrictions We have
had experience enough OF the bad Effects OF measures
Of this kind in Congress- and il is 10 be hoped hat
similar trIumphs of ignorance viii not be witnessed at
Albany.
A typographical error in this column in to-days
ssue made US say, in speaking of the stock market,
Nevertheless there is for decline than
IN advance existing prices The sentence shoaid
have read, Nevertheless there is room," &c.-so
reversing tho meaning.
The following figures Compare the last weekly state
men of the Now York associated Banks with the returns
Of the previous week. and with tho corresponding week
In 1904.