The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-01-07
FINANCIAL AND COMMERCIAL.
sArrnnA,. Jan g. ar. NJ.

clue With . view 70 resuming opera 10 on q lowor
basis at larger 'shouv interest created
Hat tho market already largely oversold there
an active borrowing deaand for most oe the pecglat
railway stocsa and very slender oniy woid he
seqarcd to produce sharp upward reaction.
the Tall Of tire last two days has bcea en.
ureiy TOO rapid In the ahssnce of any assign
able Cause 10 be OF long continuance, without
producing panic, and there IL nothing IN the present
ssp"ct OF AFFAIRS In the condition of the properties
represented By the securities mostly dealt in TO warrant
any serious spprshensions Of the latter quick rally
and stronger market would therefore, TO be The
natural consequence Of this general recession Of prices
Al the early Of the open boasd New York Ccn
tra' closed at ssI, Erie seh, Resdiog 1851, Michigan
southern 7Sx, Cleveland and Pittsbufg s3k y, Rock
Islaaa Io7k, Northwestern 35H Fort Wayne l01k,
Ohio and Nisslrsippi certificates 27K At the nrst
rga,sr board New York Central closed 4 lower
thsp ~ she t,fpast tvo board yesterday, Read
lag ~ Michigan Southern u. Cleveland and
Ptsburg n, Nofthwesssya X, Rock Island y,
Fort Wayne <, Illinois Central y, Cumberland ". J,
Ere. NORTH "oson preferred and Ohio and Mississippi
certificates steady. government securities were
quiet Is the quo,liors Friday afternoou the market
being ead,ed BY te further fractional advance Of i've,
twcntes IN london To 90 ssss, combined with an
active demand udsr the favorable influence Of the
Prcsderrs msssas and The Treasury report At Frank
fort, too, . great Of business reported
accompanied BY a rise OF thcec acd half per
cent In two days. the Germans generally having
resumed purchasing for investment. II does not
therefore follow, However, that the demand for
bond abroad will much oxc'ed the supply alrady thcre
but tbe prospect Of further shipments is undoubtedly
excrting Temporarily very depressing influence upon
god although ihe fact Of our having large portion 81
public bit he'd il foreign countries exposes us
serious conngenc es In the event Of anything occurring
20 proCpce iuduca m
some future time Meanwhile IL is gratifying 10 dis.
thar the message aud Mr. MCu.lo report have
had reassurag esec. upon the public nd OF Europe
Not only nre or naticnM but railway 50 u
rites are in greater iavor, Erie icing quoted ]
q $50 6sX on the London took Ex-
change on the I'D, and Illn3s Central al SO a sax,
notwi nstandng the duiness and dorression
the sisrk market as indca.ed by Tic price consols-
namely, SIX 5ssnd the expectation Of ADVANCE in
the Bank Of Engs nd rate scount the buion id it's
vaults having undergone rrths ssrreese OF 4l4ooOo
Tor tic week end ny the n st aisifno. * y "A
Al the open board at ono o'clocf The market con.
tiiucd heavy, but without materfa shanc Cioy ,Ind
and Phsburg sold at 49,. u tsaies sharcsl lch
gan southern 73% Northwestern 36 Fort wayne
Ens o6N New York ccntraIos. Attic regular bohd at
hafpast ,wo being the FIRST held GA Saturday since )ast
spring the market steady decline which
had followed the O'Clock boad cleveland and lftts.
Southern IL, Read ng 4, Northwestern TX, iErie l.
Rock Island !. Quicksilver s, Ohio and Mississippi |
certificates Government, securities remained dull but
nearly steady, nve-twenses Of the old selling at
1919 a los z saA aa "a % ewa 4
Al the hr past three open board the market less
ursecd, aud portion Of The list experienced rrac
tionAl Improvement Cleveland and pit'sburg closed on
Tho call ut s2H, bichis.n Southern 726, Rct ling
1o5,s, Hudson River l0s Er,o 954, Rock lalrnd lO7
Northwestern SAX, preferred eo,s Fort wayne 1905,
Quicksilver A. Ohio and Mississippi certificates a7x,
Mariposa lIh. SOM 81 ..a, ba ssassaas
Afterwards on the street, tho market was dun but
stronger and tho close OF business soon after i've
O'Clock, Cleveland and Pt,s5nrg quoted at SIX q
s2x, Michigan Southern 7s1< TN Fort Wayne lDX
lol Erie esk o6X, Northwestern a4s yl1s, ore
ferred CO., COZ, Reading loSl< l0,x, and Rock
Island l07A 107k
The gold market was hammered simultaneously ~ |
che bears STOCKS. for tho purpose Of pro,nc ng
sympathetic depression and although coin
and loans could only be obtained by payin about per
interest upon the currency value, the price
yielded from 1872. at the opening n las. after
en- o'clock Frum this point nailed fraction and
eosd nj la2 The shp,aens OF spc, Ivy this days
steamers aggregated t4o6 900. OF whit the saxonia
took $3.50 900 and The City o. Washington S75 0OO
making for the week SIS. OF
Foreign exchange heavy under the European
news and bankers bills at xtv days ou England were
quoted at 1857 100 The mpors for tn elk ending
January show failing on OF than o million and
half compared with the previous week. their value
being - l03,46S
There Is change to record 10 the money market,
which suggishly easy at six per cent and
ton shown ny lenders owing the Of
Affair." the Stock Exchange Two minor failures
announced but neither OF tho rat.es belonged TO the
REGULAR board There Is ncrcased monetary activity,
amounting 10 strngency, at the West and
especially Chicago, owing 70 the demands OF the |
pork packing season; but the banks
changed Tor both discount and exchange New York
More Than million and siK hundred and ~ thousand
dollars have boon placed temporary loan with the |
ina rvased Ia t67, 9ss o5T
Petroleum stocks were active and arm Al the first /
boari Palmer Petroleum closed loc. higher selling
- 90; Bcunehon Run 9oc. selling al SIS Is; United
States &C. selling st s2s 70: smith and Psrpiec 81 co.
seng At 80 60 Forest County sold ~ &c., Heydrck
$50, New York and Newark 33c.. Shade River o. fS
West Virginia Coal and on lic, Buchanan Farm
roc. Bradley Soc, Empire City SEC, Empire |
and r,thole 81 10. Ercelsios etc. Fee ampls
27r, Firs National tic, Ham hcCiinscck ts 20. |
ocsAnc 6sc, OH Creek 81 %, Pithois Creek si2 90
Rysd Farm IT,, FIRST National co.. United Psuoieam
Ysrns lsc, webster 81 "a Kup~icn Copper "a, Qusrsa
Hill 81 rs. waikiki 81. wavcriey Company - IA
The following table ows The number If shares Of The
undrrmeutonsd socks sold 81 the three regular and |
shrss open tysris dsdns the w,ok;-
~ IfI SAnu Sid
Ncw Yovt CensrAl A. 6fe
Er,e ...................... e. 20s
Hudsnn ........ 1000
neadine ~ 80
Michigan sout.-ruL ........................n 100
C1evc.asd Pitssburg. 10
Northwestern 50 sso
NssSh rpes~yu prrserrei Ia $50
Rork Isiand IA 90
Port wayne. Ia
Canton COMPANY .."..."..".."..."".s... -
mnripoea.
mArspo<a rrefesred.. ............
cunbssIsud. $40