The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-02-09

THURSDAY, Feb So r. H.
ma stock market opened duh = fractional decline
cha morning and at the early session Of the open board
New York Central sold at SIX. Erie Tx. Hudson River
eek, Reading osK Michigan soushssn - CLEVELAND and
pittsburg 7o, Northwestern 27x A. the nrst regular
board became strong and active. he businsss being
well distributed Reading closed y higher than At the
AAlfpast two board yesterday, Northwsssrn 4, pre-
fsrred r. New York Central and Michigan Southern
were steady. Erie was lower Hudson River u, Rock
Island v, Fort Wayne e, Quicksilver T. Govern
mont securities showed increasing Armnen under
rumon from Washington thai the foreign clause In
the now bill wiz BE- sruek out Coupoa ixss Of 1851 were
X higher, nvs-twsnuss Of the old issue y. Seven
thirty notes wsrsssady A the one O'Clock sessions the
market ssady end u the halfpast two board there
was active demand for stock attended by general
Improvement Of prcsa New York Central closed u
higher than a the nrst board Erie ~ Hudson River r.
Reading IL. Michigan Southern q, Cleveland and Pitts
burg r. Northwestern Y, preferred x, Rock Island u.
Fort Wayne X, Mariposa x, Cumberland X, Ohio and
Mississippi certificates q. Government securities
manned Arm
At the open board st halfpast three there was no
abatement Of the demand for railroad shares and prices
advanced u u per cant further. New York Central
closed on the call u ssx, Erie 7sx, Reading 1904,
Hudson river le1 Michigan Southern esK, Cleveland
and Pittsburg s0x, Rock Island l0ox, Northwestern
2sx preferred IS, Fort Wayne osk, Ohio and Mississippi
p certificates FAX, Cumberland Az, schuylkil Coal
a. 10Y Tx. Afterwards the street. the market was
arm and moderately active At hAlf.past I'VE Erie
quoted at TEX Il, New York Central ssk y, Read
ing 1oox, Michigan Southern esx r. Cleveland and
Pttsourg sof X, Rock Island look x, Northwestern
2sk, preferred S. Fort Wayne % *.
The monay market has shown Lees stagnation to-day
than usual Of late owing to the revival Of the specua-
tive feeling the Stock Exchanges but how far this
In
dition Of the market There good basis for rise
however, to DO found In the heavy decline Of the last
i've weeks the large outstanding 'short interest and
the increasing receipts Of the leading railways and
II the bears regain their control Of the
market Immediately II will show great timidity
on the part Of the operators for RISE Thus FAR In the
year the holders Of stocks have either been afraid or
unable TO s'doube up" and hence they have offered
little or opposition to the downward course Of prces
Tho bea have made very few sales during the last two
Or three days; but they have long lines Of hors put
out some time ago. uncovered and should they become
fearful Of the course Of the market their purchases 70
Dover oontzacts would give rapid upward prices
without any assistance from the outside public Their
rscsnt successes have however, made them strong and
they v hardly fail to resolutely contest an upward
ovsmsn but with The progress Of the latter their ranks
viii - weakened and the bull element strengthened
corespondngy up TO point when the market VIM Give
wy s8s<n VWn WoA8nk x0Ooo Do4rD who
covered their 'shorts' will meanwhile encourage the
rise for the sake Of putting out fresh options at
higher figures, and with the removal OF that
disturbing cause the finance BILL Increased buoy.
ancy will not unlikely be impaired 70 all the stocks on
the List Not little Of the hopsfulness manifested on
the Stock Exchange to-day Is probably due TO- the sub
aasncs Of apprshensons with regard To q war with
vnncs .1assa9f1a Sirat-a
Loans q call sss made freely 1t sac per cent The
discount line u rather dull
The gold market strsng and colin for delivery scarce
loans commanding about thrssixtssuths per day The
opening quotation was 18ox, followed by decline Of
x and Subsequent advance to o,-hs closing price
The demand for customs duties averages moro than four
hundred thousand dollars Day
Foreign exchange h shade nrmer but the supply Of
southern cotton bills continues excess Of The demand
Bankers bills on England sixty days are quoted a.
lo7k The decline Of 3D. per lb In cotton in LAYER
peol bed tsndsncy "a Strengthen the rsAes q wsll a
Ne enId rssuninsa. n MN sAis
sns and rsdses ths amount Of exchange per bale on
that shippsd. lar.5 ..s
ne financial news By the Peruvian had rsassuring
sGsok Tho further incrsass Of kso,ooo In The
bullion In the Bank Of England forsshadows speedy
rsdueoa in he nate Of Discount satssrshwass circular
reports demand Tor Erie shares for shipment % New
York but with The stock u ssk = In London and 70
hsee n would pay shout PER cent profit 10 ship n
from thh side On the 2oth ult nvs-twentiss wsr,
euessd In London ~ - . ~ ulinols Csutni Is 81
1hs financial statement Of the Illinois Central Railroad
HorI h 6nIlc