The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-24

shares sold at SIX u, Michigan Southern (saes S00)
s2,I, New York Central 93H Hudson River 10sx,
Reading 1oi%, Cleveland and Plttsburg (sales $4,000
SIX 81, Cleveland and Toledo 1l1 Rock Island 1l7zs,
Northwestern 27&, preferred SO, Fort Wayne, 92K
Al the first regular board the market buoyant and
prices advanced Michigan Southern in strong de.
mand on both speculative and investment account,
western parties familiar with the road considering 1t
cheap at the present price. The stock closed
~ higher than at the halfpast two board
yesterday lsales 2400 Cleveland and Ptsburg (sales
$780, was also actively in the ascendant and closed
IL higher, New York Central q, Ere TX, Reading
sales 1907 ~ Northwestern e, preferred (saes 900
"a, Cleveland and Toledo u Fort Wayne sales 500
Ia, Quicksilver x, Missouri State SKIES u, Rock Island
(saes 2,200) AZ. Chicago and Alton u lower, West.
srn Union Telegraph 4. Government securities
dull Coupon ive-twenties sf tho old issue y lower
scventhrty notes Of the third series a. The second
ries advanced u. Ohio and Mississippi certificates
active at 2ol4 q, partly in consequence of pending
negotiation between this road and the Pennsylvania Cen
trail for enabling the latter lay third rail along the
track of the former that may run from Phila
delpha to st. Louis Thus, the New Jersey Central
connects with the Pennsy Central through route
to st. LOUIS might be secured.
At the O'Clock sessions there heavy business
done In old Southern the sales aggregatng 1 100 shares
at tho open board and the price falling from 83x to
s23s Afterwards the tone Of tho market rather
feverish but at the halfpsi two board 1t steady.
New York Central closed the call lower than at the
first regular board Reading =. Michigan Southern X,
Cleveland and Phsburg q, North western preferred u
Cleveland and Toledo a. Rock Island 1,s Fort Wayne "
Western Union Telegraph Il. North western was V
higher Erie and Chicago and Alton were unatercd
Government securities steady coupon forties
excepted which advanced a and thirty notes or
he conds 4 tha
at halfpast three the market excited and lower.
second attack made old Southern, 1880 shares Of
which were sold thu price falling from SIX 10 s1t5.
This influenced the rest of the railway list, and Glove
land and Piitsburg sold at so% y, Erie SIX y,
Northwestern preferred 569s 50x Hudson River 100,
Reading 1918, Fort Wayne a2II Later the efforts 10
dspress Michigan Southern renewed, and IN the
midst Of great excitement the stock for q moment
touched rs q 7S1s, and then as quickly reboundcd
TO so. the price subsequently rising to s0x 81,
with a scramble TO buy. This sudden and un-
expected break and recovery astonished and
alarmed the street. and bcvught both tho bulls
and bears in strong force into the market Whether
Il was s,atagcm the Part OF the former a rad by
the latter Is mystery to the majority Of those in
tsrested but the strength with which tho stock sup
ported under the rush TO soil which one time pre-
vailed shows that 1t is worry firmly held. s0&
was freely bid for any par Of ten thousand
shares at five O'Clock. AZ halfpast Ave the
MARIE" was arm .. tho UNCONVENTIONAL quo
"uons:-Mcnisan southern soss q, Cleveland
Anu r"'sours 'vA u o. Ne" horK cehtra va -,
Eric s0is " Hudson River 100 4. Reading 1ol "a,
Rock Island lis III, Northwestern 27S X, preferred
sex q y, Fort Wayne 9lys 81.
inc money market remains extremely easy Mt hve per
cent Tor call ioans with only Few orc pit ons Tor small
sums SIX firss class commercial paper Is In moderate
a 4 y
supply ".oS az per cent
Inc soiu market underwent a iur'her weakening not
w'ns'anuns 'na' com Tor delivery was loaned q" S-S2
per DAY IN favor oil the lender Tho opening quotation
was i2S followed 10y an advance 10 lisa and decline
at the Gloss to l2o' Tbs was mainly induced by the
despatch photographed from Washington to the elect that
the committee OF ways and Means had agreed to an
the Loan OH providing That the Secretary OF
tue Treasury shall not reduce the currency moro than
Ten millions during the rst six months AFTER It's passage
nor rate exceeding Tour millions month Afterwards
vi TINS the pears made as much capital as possible, nut
without any Substantial reason, Tor II VIII be seen that
the amendment referred to Is restrictive, and docs not
require CONTRACTION OF The currency at all Moreover
mas YET 70 DC acted npoh py po'h houses Of Congress
"nu even u passed. "hoh s hnprooaoe the secretary
WI DC unao'e 70 aVai hiinseiI Of inc authority
lno ,"'esn eAonansetnafsc' was duii ana the rates
a0on'a uhder "rSe supply OF bills and light de-
mand Late IN the afternoon bankers sterling al sixty
''ys vas quo'su a. iva wa snort sgat lo''i
~ o"nmercai, io's iooa' francs, long date,
0'-Ns '"o' shoft sieh' 'i'h a =" rhc I'M
Po' "o'e"on' o'h''""es "se ou' IL u onset
10 great extent by the exports, and Just
now importers mr., ,ic,orrin. rem ttance, I'm con.
.o,,.n.. =, a., -, -, :, -. 81.
1cauen1s vi he he"y S"eAs Oh meiohanusc
they have on hand Tho imports nj ths port for tho
month Of Januarv wsrc ,,iuet AZ Gao 100 go I'm yo,
" '' - ' ." $1,000" :" SUI
Nh" "o oNP"''" VI 'i'-"'' eNSns'e o' spece' me
imports tor tlrc month last year valued NJ
only sio e,o m ,vLt ala. oxr,, ,ar. ana sri ,as In
- ~ - 'F 80 "'i "
currency Tue imports al this port Tor the seven months
ending January II werc V,aa Al sf2 $40 1917 and the
.,nor,. n, Az, an, A., IA. - ,.,.. -,
"N '.'', "e' '"es'''"
nse osnng IN pcr"c amounted " SsO0, aganst
f1s -O5 GAO for IN. .,e A mn. An, ths ,r.yoos v.ar
t,,,r.,o,n. "a -. - -. ..--,'. -.
I'm .N 1''.'' = .''eNs "e'c S'''uy ou' '''he'