The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-04-28
FINANCIAL AND COMMERCIAL

THURSDAY, April 27-6P.M.
The stock market has been active tho ascendant
to-day and there signs Of the upward movement
having eliminated. At the time it is arrant
absurdity to suppose that Erie, which worth only
A less than n month ago, is] worth s5H now. The
RISE 1t Is needless to say has been owing TO speculative
influences and the greater the present advance may be
the greater will be the panic which will succeed At the
first session Of the board Erie AZ higher than at
yesterdays morning board New York Central I, Hud
River AZ, Michigan Central Reading 4, Michigan
Southern ~, Illinois Central u, Cleveland and Pitts
burg AZ, Ohio and Mississippi certificates az, North
western u, Rock Island AZ, Fort Wayne az, Quick
silver l. Government securities were strong Coupon
ve-twenties advanced ~ ten-fortics y, skies Of 1881
IN At the open board at O'Clock prices l q
az per higher At the second regular board Erie
x lower than at the first board Reading Il, Mchi-
gan Southern ~ Illinois Central I, Northwestern x,
Cumberland /, Quicksilver u, New York Central ad-
vanced y, Hudson River a. Cleveland and Pitsburg u,
Rock Island l. Fort Wayne a. Government securities
shade lower blt arm ut The decline Cupon Ave.
iwsutes rooeGcc = * ,sn-fortes =
At the second open hcart prices we're higher New
Pork Control c,oscd 1885, Eric s6f Hudson River
NIX Cleveland aGd Pilt.burg s8l hch gan Southern
a. Rock Islaud lo6 Nsdbweeern gaE Fort wavr"
iy4s. u0.y cas- 5..s--z.; (, Cumberland
5DM prlc sS
Alfcr thn pr'fa ke u'lt"s WIS Ai'"'if ot' n at4aF
seqranuY rrcaaei aus olossi Aoos. u pfcs. o,rrpnt
~ tho ,econa opon board
Goi was rstue' hoayT under The European alr o. 10
the elect ,aa. hyetwenlies h.a advanced to 1915.
1885, The quotations were:-
80 A. M.......... 149I 23o p. M......... 147h
1910 P. MINI. 149 435 r. MN. l4s
Speculation the gold room tame the popular faith
In the government credit being opposed TO rise.
clique sold the market down the strength Of the Eu-
ropean The latter has strengthened the dispo
stion TO invest in national bonds, and It ia
couraging to find that fvetwsnties have
sponded quickly abroad TO the change in
the aspect OF the military situation this
side The expected return Of large quantities Of
these securities H. therefore, likely TO be arrested by the
confidence in public credit shown the part Of
European investors and spectators At the time
it Is 10 be regretted that have foreign market
trouble u.s. when our own people are so willing to sub
scribe public loans and while their reliance upon the
government credit s implicit as IL IL For this
alone II would have been better that Of
bonds should have left the country.
Foreign exchange has been variable and the rate for
bankers bills at sixty days has ranged from 100 10ox
Towards the close of the day the market weakened
and lower quotations current the street
Money Is very abundant at per cent ut call, and
. per good commercial paper. The indications
at tho tmo in favor Of continuance Of the
prevailing ease, and speculation will be guided accord.
ingy.
The officers Of the Chicago and Northwe s.ern Nchi.
gan and st. Paul. Milwaukee and Prairie du Chen, and
Chicago and Milwaukee railways have made arrange
ment for running trains by which outside agencies
dispensed with, in the Of the Cleveland and Pitts
burg and Pit,sburg and For Wayne roads II is essi-
mated that saving Of al least $500 600 per viii
be thus made In the expenses Of these roads
BY misprint yesterday made TO say that our
future exports instead Of imports would enhance
the gold premium.
The transactions d the Assistant Treasurers once
this city day were - foows:--
Receipts for customs. Observation-Disclosures. Sl75 900
Subscriptions 10 government loan. ...... lss 900
Total receipts. opOO l0s
Payments 6703 s78
palsnco IA $40 SAT