The New York herald., 1866-05-08
FINANCIAL AND CONNER cIAL.
MONDAY May 10 p. NJ

IN. stock market without much speculative
tty,ty 10 day, but there no abatement OF con""e"ee
An the UPWARD tendency CT prices Sellers op"ons were
sonspicuoasly few, but bayers options were On 'ne W.
Ave- N the recorded transactions h'e" 'he mos'
,aicaI of tho l,a.s coacss that The t4de Is wholly
sanst them and that sclhng "shoIi At present quota
uons would be likely result only IN heaFy losses 70
,n,,sa,v.. Rs,vay shares stuoDorniy nrn and in
o.ino Investment demand those OF the Western roads
\ ,og most inquired afer and especially Fort Wayne,
ala.gsae ana ~ Paul. Cleveland and Ptisburg and
D. chisan ScuiheTn
The filnre Of ne Merchants' National Bank at Wash
,rs,op has sseu subject OF the street.
and Nc Frco,aan Clarke the Comptroller Of the Cur
seney and Mr. spinner tho Unlted States Treasurer,
ere regarded culpable allowing an
esisbi,shlsDt so notonously unsoand the
s1e question had long been 70 continue
government depository. The loss to tha Treasury
IN deposits made by paymasters viii exceed, IL is be-
loved hundred and hty thousand dollars larger
than hrst reported II is ielt that Mr. Free
Carke woad have teen doing much greater public
service u he bad exposed the weak spots in Of
che national banks, and this in particular, in
stead Of picking Mr. Mecullough's monthly statements
10 pleees That the failure In question should have
taken place under the very eye Of the government is
Be less Ihan scandal 70 those officers Of tho govern
ncnI who sanctioned and madc deposits in the bank TO
90 large amount, and a strict inquiry should be nsti
toted INTO the matter II viii be well for the country
when tho national banking law repealed and Treasury
legal tenders for the national bank
I'm circulation.
A The carry of the open board the market
Arm Ere sold ct s4Ss, New York Central s2s Hudson
River lios, Reading lo1l 10 3. Michigan Southern
Ten. Cleveland and Ptsburg s2ss. Rcsk Island 12Ak
q 81 sOr,bwesern 2ss-prefened Sis Y, Fort
wayne iccH, Quicksilver Ss,s, Aarposa preferred 25.
~ the nnt regular board u barely steady. New
yors Central closed lower than az the time
Saturday Ere R, Michigan sootbern y, Illinois Central
IN, Northwestern preferred y, Milwaukee and - Paul
preferred !, Manposa preferred ~ Northwestern
y higher OHIO and Mississippi certificates =, Western
rnion Telegraph ~, Cumberland y, Canton " Gov.
eminent seeures arm, ereeIans eve tvcnties Of
abe old sss0s, which declined !. reu-fories were !.
Aigher, seventhiry notes a the third series y.
~ the one O'Clock the masiet was without
animation and q shade lower Al the half past two
board continued aun and barely steady Fre
CLOSED y lover Reading =, hchign Southern
-, limos ceusrh y. Northwestern *, Fori
Wayne y, Chicago and Alton y, Western UnIon
Telegraph y, hsnpoa preferred \, Ansnuc
Nal y, Canton " New york Central WAS Y higher,
Northwestern preferred y, ouicksiivcr !. Cleveland
and Toledo and Milwaukee and ~ Paul were steady
The earnings Of the latter read e1iu1se u the eastern
akison q the Lacrosse line, from January 10 April
were s37e oes. and for the month of April n2i sos-
naklng s5oo,g72 against ssse sss for the four
ou,bs a 1865 the increase during thai time this year
bsins sll4,os9 Government securities were qast bot
steaay.
A. the half past three O'Clock oyen eoafa
ths market became hrmer. Ro,k Island sid a i2s
al2sk, Northwestern preferred civ, fou Wayne sss,
Cleveland and Ptsbarg ~ a. ~ Michigan sos,srn 5Ta
New York Central s21s, Reading ioss, nsa-on H. e.
1l0h, Quicksilver b5s. Afterwards tho nAket
Dained steady and st hslfpast eve New yers css.sl
YES quoted al s2js ", Erie s3i. a. Huauon River
llo v, Reading io1 o y, Michigan southern " "a =.
Cleveland and Pittsburs ~ I. Cleveland and Toleda
1osa u, Northwestern 2oh BID, Port Wayne ~. a
100, Canton bsA a v, Cumberland Ag. ss 0aek.
sIver eek ", haripcsa preferred "a. %
The money market displays festare. ihs sup
ply Of funds seeking employment beng siin
the demand Loans arr made freely The stock NJ.
change at ave per cent and at a. sn exceptional
Instances governments TO the leading dealers
First class commercial paper is request 81 pr
cent according 10 date but inferior sgnaiaiss
favor unless at high rates among the hrvkcrs The
statement of the associated banks for the wsek b.
favorable 10 prolonged monetary The deposits have
Increased 1884 72e owing 10 the further accumulation
Of funds drawn from the Interior this centre The
loans have nomnay Increased IS ss2 bat the
not represent the increas ACTIVITY Of the OF
count lines II merely shows that the banks have sm
ployed largo amount q their idle funds the purchase
u government securities NIL Of which they under
tbs head OF loans The specie has Increased O. o. O00
owing 10 the subTeasary disbursements account OF
she day coupons The other changes are uninpofsant
shs legal tenders having increased sol5 425 cir.
Suaiion SIS 3s7 The respective total u tao lat
statements are as under