The New York herald., 1866-05-29

The discount line fairly active and class paper
r in request per cent the general being 81
but the OF business in this department has
been very large since the paper money nonspece pay
Ing began and of the so-caled loans Of the
banks mean investments temporary otherwise, in
public securities
Al tho carly session Of the open board New York Cen
tTal sed 96h, Erie 87 Hudson River 1884, Reading
111H M, Michigan Southern 1914 Cleveland and Pitts
burg 95a 942, Illinois Central o. 81 120 Rock Island
% 81 9414, Northwestern 2Sh 9s-preferred 5sh Fort
Wayne s7s McGregor Western 21 y, Marposa preferred
2i. At the FIRST regular board the market was strong
with the exception Of Erie, which closed lower than
al the time Saturday New York Central closed
IA higher, Hudson River u, Reading ", Illinois Cen.
na q, Cleveland and Pittsburg g. Northwestern H-pre.
ferred a. Rock Island y, Fort Wayne ~, Chicago and
Alton a. Ohio and Mississippi certificates r. Canton x,
Cumberland u, Quicksilver l. Government securities
strong under the effect Of tho improved quotation
tor fve-wentes in London and the relaxation Of the
money marxc The second issue of the latter advanced
N the third issue " tenforties a. seven.thirty notes
of the second series u, third seres Y.
AT the O'Clock sessions prices lower mainly
IN consequence Of heavy pressure TO sell Erie by
party connected with the management Of the road,
who al the time circulated false rumors Of
An over issue Of the stock The object, IL is
supposed, s to prscIpitate to as low .
shp," when 1t is likely 70 be talked up ss zeal
ously as 1t is talked down. Al the haf-past two
board the market began TO react Eric alone excepted,
which continued weak; but still the decline only
partially recovered. New York Central closed lower
shan at the first regular board, Erie AZ, Reading 4,
Michigan Southern 4, Cleveland and Ptlsburg u,
Northwestern h-prefered y, Rock Island 4. Fort
Wayne x Ohio and Mississippi Certificates e, West
srn Union Telegraph Ia, Quicksilver IA, Mariposa
preferred 4 Government securities ARM except
ing coupon fve-twentes OF the third ISSUE which dc.
slined 4. Coupon skies Of 1881 advanced ~ tenfoiss
~ seventhirty notes Of the first and second seres n
shird series y.
AT the half.past three open board the market was
strong and prices were Il "a higher Eric still ex.
oepted, which was lower. Now York Central sold at
edK, Erie 62ts u, Hudson River 1l3x 4, Road.
ing %. 81 ITO, Michigan Southern 7sh, North
western %. 81 2s's-prefered 5sH, Cleveland and
Pitisbars oSH oes Rock island s4s, Fort
Wayne b 81 s1%, Quicksilver s3x, wesern Union Tele
graph 62k. Afterwards the market continued strong.
with especial buoyancy In Ccv eland and Pttsburg which
soid up to par. Al fpast Ave nrm a. the fol
lowing quotations:-New York Central 96<s 81, Erie
s2ah, Hudson River llai< al ia Reading 10Y /.
Michigan southern 7px w. Cleveland and Pn,sourg 30 !.
Ak, Rock Island % Il, Northwestern ~ I-pre
ferrcd 5sS ~, Fort Wayne 9Ts es Canton 5saf 90
Quicksilver 63L Y.
The gold market opened without erimation, the new
OF the further subsdence OF the panic In Eneznd havirp
sxerted depressing influence upon the minds Of even
the most sanguIne Of the bulls The price, however
gradually improved from 1879 at halfrast TO 1877,
sia quartcr-past two subsequently rsispsed 10 1877
bit closed firm at 1879 T. There wua moro active
borrowing demand for coiu, aud loans made aa
and at six per cent for carrying these being the
terms Of the day.
We observe that einser of the House OF Repr,
tatives (Mr Wilson, Of Iowa has taken hint from GU
recent suggestion in favor OF Congressional inquir.
into the gold salcs of Treasury and to-day offered
vcsoluen TO this effect requiring the Secretary OF tn
Treasury 10 make report 10 Congress OF all his trans
actions IN gold and bonds The resolution Ill
morrow, when is said will probabaly pass. shou
not which Is very improbable, 10 will indicate
very pusillanimoas state OF feeling in tho House
for this subject Is one OF no minor i'm
portancc; and because have already escapet
tbe danger involved Ia the last great bunder OF The de-
paument consider IL nevertheless subiec, that
sures TO be definitely icgislsted upon, that
can have the power to create such needless
TRY disturbance have Just passed through Tho
principle Of these secret saes Of gold u wrong aud they
must be abolished They reflect dscred upon the gov
eminent N various ways, and than the Sec
s'sry Of the Treasury should desire Congressional In
vssgson Of this al present very interesting question
foreien exchange was dull aud rates somewhat rrcyu.
lar Three days bankers bills on England wer quoted
81 lloR Ill, sixty days Iio's al.
There are eight state banks s remaining IN Conuec
'ca with an aggregate circulation OF Siz7s, 732 aud
sNui'h OF ssa,93o Tho capital of al the circulating
banks N the state Is t26ls2ea3 There nf.y-one
savings banks With deposits amounting to over f2s 600
sH, decrease o. 81, .27a during the last year
There are trentyth . savings banks in Rhods Island.
al the Official report shows that In November there
v,e 45,slt Gepositors md the ,svrcs.,e ac,,si,s
amounted 10 si3,533,e09 oua-feur,h or the in.
5anu Of the State dcpostors and The AVERAGE cf
sslosits TO csrh person about ssoo