The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-02-06
FINANCIAL AND COMMERCIAL.
MONDAY. Feb. SEP. n

MONDAY. Feb. 6-oH n
specuiation on the Stock Exchange was languid this
morning. and ct the early session Of the open board there
was no material Improvement nom the depression Of
saturday evening. Erie SOLD n, New York Central
sTh Hudson River COX, Reading 0sX, Michigan
Southern esk, Cleveland and Pttsburg 81 Fort Wayne
92K At the hrst regular board the market, although
dull was rmer at the opening, but on the second call
the advance lost Erie closed Il lower than at tho
halfpsst two board Saturday, Reading ~ Michigan
Southern r. Cleveland and Pittsburg x, Rock Island H.
Northwestern was x higher preferred y. New York
Central and Quicksilver were steady Government 30.
ourtes were unchanged
At the open board o'clock the market was heavy
and prices declined r. AT the half-past TWO poard
II steady with a fractional Improvements New YORK
Central closed y lower than at the first regular board
Erie X, Hudson River r. Reading u, Michigan South
ern X, Cleveland and Pittsburg y, Northwestern u,
preferred X Quicksilver 4 Rock island was u higher
Government securities were firm. Coupon nve-twentes
advanced r. seven.thirty notes were unchanged.
At the halfpas three open board the market was firm,
and prices shade better. New York Central SOLD
at s76 Eric 7eX, Hudson oes Reading asK, Michigan
Southern 67x Cleveland and Pittsburg SIX, North
we stern 27k Afterwards the speculative feeling
was stronger and prices continued TO advance AT half
pas, five O'Clock Erie quoted at ~ u, Michigan
Southern e7s< So, Cleveland and Pttsburg SIX u,
Northwestern preferred 81 y, Rock Island es3S ",
Fort Wayne OK u, Hudson River s9A 100.
The gold market was steady and the supply Of coin !
for delivery continues loans being made at about
per cent per day. An impression prevails that when
the floating supply becomes larger In consequence Of
sales by the Sub-Treasury, tho price will de-
elmo The expectation that the government will
shortly appear in tho market q seller pre-
vents r Sc which would otherwise take place
and induces the "shorts continue borrowing at tho
present high rates In view of this half million was
offered about o'clock, seller three days, at 1872
The opening citation 1924, followed by an ad
vance to 140 and quick decline to 139K. The closing
price 1898. $500
Foreign exchange continued fat and leading drawers
asked 10S for their sixty days bills on Eng
land, while inferior bankers bills were sold at
1O7N Tho supply OF Southern cotton bills is the
chief Of tho present depression The
cotton which these bills represent being shipped mainly
from Southern ports does show IN local export
returns and hardly sufficient allowance made for this
in the general estimates which formed of the
of foreign exchanges That the export OF the staple
will, however. continue much longer the present
scale Is exceedingly improbable, and meanwhile the i'm
ports at this port about twothrs larger In currency
value than the exports We have here strong coun-
terpose to the cotton exports from Southern ports
and the rates of foreign exchange during the year will
be influenced by tho extent OF imports than
of exports for II the former continue large
present they must preponderae considerably in value
preparatory to new cotton crops, the exports
The money market continues easy under light de.
mand at per cent for call loans Tho bank state.
mont for the week indicates the steady drain Of
currency into the subTrcasury on temporary deposit
which has been going forward The deposits showa de-
of only little than four millions, which Is
considerably less than the amount Withdrawn from the
banks for deposit in the SubTrcasu The loans at the
Same time show an increase of 81 ro2 $40, which is
mainly attributable investments thirty notes
and other government socurs for the sake OF employ
ing Idle balances Tho legal tender notes have de-
creased more than o million and half owing
to the before mentioned SubTrcasury deposits,
but for which thore would have been instead
Of decrease OF bank deposits and legal tenders
increase In loans The banks their SubTrca
sury deposits loans and their customers deposits In
the Sub Treasury reflected IN the decrease Of the
bank deposits The specie has decreased 81, 2S5
which s traceable to Withdrawals for the payment of
customs duties The increase Of moro than half mil
lion in the circulation mainly attributable
OF national bank notes.
Tho discount lins rather dull owing IN apparent
indisposon accept any but FIRST class names which
are taken at per cent with exceptions at TX sK for
long date
The bugbear Of the new Finance bill still unsctes the
market; but this must away.
The interest three hundred millions OF seven thirty
notes. aseregating sos Co., falls due the 18th
ins and the subTrcasuror adyorises that the holders
of thirty coupons may send them in at for
examination.
The following table shows aggregates Of the
weekly statement OF tho Nov York Associated Banks
compared with the returns OF the previous wcok-