The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-02
FINANCIAL AND CONNER CIAL.

tho new Finance bill In tho HOUSE VI A'sf
exerted no material influence In wal s'reo'' anu
ano,, nroed tb. there is no possibility of its pas
80 90 ,ha, ., "a no longer a formidable bugbear. In
view of the state OF affairs generally, hopefnness
ivng nace 10 apprehensions in the public mind, and
confidence in values is being restored accordingly
Tho early session Of the open board there large
business done IN New York Central at ok u (saes
$500 shares) Erie at s57i x tsales s,4oo) Michigan
southern at 505S y (sales 3l0o) Cleveland and Pitts
burg at Tx (sales s. 1907 and Reading COX (saes
69oo The of the list dull At the first regular
board market generally steady the chief activity
being confined to New York Central (sales 4o0o, Eric
(saes 627o and Reading (saies s.eOo Erie closed on
the call y higher than at the half-past two board
yesterday, Cleveland and Toledo a. Cumberland r.
New York Central and Northwestern were I'M
changed Hudson River was u lower, Reading
II, Michigan Southern y. Illinois Central u.
Cleveland and Pittsburg ~ Rock Island 1s, Fort Wayne
Y, Quicksilver l, Western Union Telegraph Govern
ment securities rmcr Coupon vetwenties OF the
old advanced y under the improvement reported
in the London market Sevcnthrty notes Of the Arst
series 4 higher Coupon ten-fortics were 81
lower, ex-dividend.
At the O'clock sessions the market dull but firm
AT half past board the speculative feeling was
steady New Central closed higher than at the st
regular board Erie a. Hudson River y, Michigan South
ern " Alton and Terre Haute u, Atlantic Mail y. Read
ing Northwestern and Fort Wayne steady Cleveland
and Pitlsburg u lower, Cleveland and Toledo 4,
Cumberland r, Quicksilver u. Government securities
were quiet Coupon ten-forties advanced y,
thirty Of the first series u. Coupon vewenties
of the old declined 4, second Issue seventhirty
notes of the third series e.
At the huf past three open board the market for Erie
strong and for the rest of the railway shares steady
New York Central sold 921S, Erie s6'l, Hudson River
paod Michip I'M
Central 115K, schuylkin Coal 15k. Afterwards the
market closed strong At six O'Clock New York Central
was quoted at OK y, Erie so1 81, Reading o9H
r. Michigan Southern 709s X, Cleveland and Pittsburg
Tx rs, Rock Island 1o5SaZ
The Milwaukee and Minnesota Railway Company
whose line the division Of the La Crosse
roadhavo failed to provide for tho payment OF the In
terest falling due to-day the Milwaukee city bends
and the second mortgage La Crosse and Milwaukee rail-
way bonds which the parties constituting the present
organization recently paid s46 for past duo interest
When they assumed the management it was generally
supposed that their interest payments would be
promptly made, and their failure make the first pay
ment today tho FIRST due since they entered into pos
session. has excited surprise Should the interest
not be shortly forthcoming II probable that tho road
will be again advertised for sae by order Of the Supreme
Court
The money market moderately easy ut O per
cent this morning for call loans the day advanced
the demand increased and the exceptions the
became fewer The supply OF currency this centre is
however increasing by slow drain from the westward,
and the balance in the Sub-Treasury still stands high,
the evening being s108 lS1 The discount
Inc shows increasing activity, and first class commercial
paper Is quoted at Ia 8, with exceptions
Lenders arc disinclncd TO accept any but prime and
good names, preferring to place their money call
The latter grade Is quoted at sa9 The Chicago Tribune
OF February ~ says:--
There was good demand for currency 10 dav but the
banks toernbly we'll Supplied, and prime paper
was readily discounted to good customers at per cent
Per annum- The Market however cannot be- reported
easy, there Is outsido demand for all that the
bankers willing TO lend Street firm
per cent per month The supply OF Eastern exchange
Is very light and te market very firm par buying
and lilo premium selling. Round lots In good de-
mand and firm among bankers at premium Of 60c 7bc
per thousand collars.
Tho gold market was weak under the favorable nd
vices from the Increase OF the bulor
in the Bank Of England tho extent Of f239 000 thu
advance OF lve-twenties from 67H, the 13th ult
10 6S on the 18th; In consols moving the tim,
from 81 y TO s7K x; In Illinois Central from
to 70 u, and In Eric from 5lh
TO sax . sax. This rapid Improvement II
tho funds aud foreign stocks, together with tn
improving condition OF the Bank, promises TO result in
reduction of the OF discount before long, the
decided for tho better instead OF for the worse
nearly all the English journals solcmnly predicted
Tho supply OF coin for delivery continues
superabundant, and the ratio for carrying II 4
about Ave per cent The opening quotation wa
1907, followed by steady decline to 1887
the closing price The subTrcasuy dlsbursed $685. 25s
In coin payment of the the ten-forty
due this day. addition s7el 100 currency, ON nc
count Of the temporary deposit line.
Foreign exchange was inactive Leading drawers con
tinued ask 1854 for their sixty day bllss England
but the rate quoted by brokers was l0sIsa
Petroleum and mining stocks active and firm
Al rst board Bennehon Run closed 2oc higher thai
same time yesterday selling at SIS co. Pithol
Creek 60c, selling at IS o5; Smith and Parmlee 81 SC
selling at sl2 CO. Pithole Farms zoe lower, sen
at 50 CO. Hard Pan sold Mt 81 60, New York. Philadc
phIa and Baltimore SOC, New York and Newark lac
Empire and Pithole SOC, Excelsior 81 is, Ham Nc
CHntock 50 rs, Palmer Petroleum 81 20 Rynd Farm
Doc, Brevoort So IS Shade River 81 So United siatc
sl7, Gunno Gold 81 25, Gunncl Central S. Quartz Hi
$780, Montana SOC, Uhion $40 Columbian Coal Mimi.
75s, CcraNe Iron J0c AT tho second board Bennehol
Run closed Soc higher than at the rst board selling
SIS 75 United States 35c, selling at 81 49, Smith ant
Parmiee 3oc.. selling at si2 90 Bradley sold at &c
Empire and Pilhole zoe, Excelsior 81 80, Ham Nc
Onock So 90, Homowack s2 10, Palmer Petroleum
81 Is, Phole Farm 81 20, Pithole Creek IS co. Web
s5c., Consolidated Gregory Gold $40 so, Gannel
Gold 81 90 Kipp and Buell. So 10, Quartz Hill 50 IS
Union $40.
The following the text OF tho report Of the Bank
Committee Deposits, submitted at the meeting held
yesterday
The committee appointed By the Association Of Dank
Oficers " wilt Wash1gon and confer with the Treas
w OF The United states and other authorities tho
subject Of the proper mode of making returns for taxa
zion uron hank deposits, have performed that duty and
respectfully report the following the result agreed
upon
The returns OF banks for duty deposits are 10 b,
made up at the close of each day already directed
All checks on city banks deposited by dealers with
banks in the same city, for collection with the under
standn; that the money Is not TO be drawn from u,
bank until the next day " entered for convenience ma,
Cat the end Of the day be transferred an account 81
"uneolected checks These not taxable poss
excepting rs money Is actually raid uron them 70 wheel