The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-02-21
FINANCIAL AND cOMMERC GAL.


TUESDAY, Fob 2o-6PM
Tho stock market has been unsettled today Al tho
early session Of the open board Michigan southern anu
Erie we're the most active of the railway shares me
former sold at 70x the latter at 81, Nc" ioS 'en
trail %, Cleveland and Pttsburs sos, 0'e'eiahu anu
Tosdo los Northwestern 2sS, Fort Wayne 93A' At
the first regular board the market was active out lower
New York Central closed at decline OF from yester
aav,s secopd board price, Ere u, Reading " Michigan
Southern r. Northwestern y, preferred Il, Rock Island
y Atlantic Mail 64 higher. Government secu
rites were steady.
Al the one O'Clock sessions the market rmer and
Michigan Southern active at 701. At the halfpas
two board 1t rather heavy, and Reading closed y
than at the first regular board Michigan Southern
y. Cleveland and Pittsburg X Northwestern u, pre-
ferred y, Rock Island 4, Fort Wayne q, New York
Central was 4 higher Erie y, Atlantic Mail ~ Gov
eminent securities also heavy. Coupon hvetwen-
ties of the old y lower, second issue y, ten
sortes a. seven-thirty notes of the third series ad-
vanced y.
Al the open board at past three prices experienced
further decline and the bears hammered the market
vigorously New York Central closed tho call at 917,
Erie s0H Hudson River 1o2H, Reading 100, Michigan
Southern 6eA Cleveland and Pitsburg 7sA, North
western 27A, Fort Wayne s2'1, Quicksilver AK.
Afterwards the market remained steady, and at half
past five o'clock New York Central was quoted at OH,
Reading 100 4. Michigan Southern 69K 4, Cleve-
land and Pttsburg rs u, Rock Island 103 ~ North
western 27H preferred 64% y, Fort Wayne 927s %,
Cumberland Az a u.
There has been brisk inquiry for money today at
per cent and the sales of gold by the government
further absorption of legal tenders by the
Treasury The increased requirements Of the Stock
Exchange created slight pressure in quarters late
the afternoon but the whole the supply of capital
in excess OF the demand. The discount
line is dull and first class commercial paper
passes at per cent The apprehension that Con-
gress, upon the recommendation OF Mr.. Hooper, may
pass act declaring that compound interest bearing
legal tenders shall not form any part of the reserve OF
national banks against their deposits is causing the
latter to observe increased caution in making discounts
The tendency of the Finance bill also inspires
tain of insecurity however much 1t may DO un
warranted by the real facts Of the financial situation
The gold market opened under depression at 1884,
but afterwards advanced TO 1874 and closed at 1917
u Loans were made at q 6 per cent in favor of
the borrower Of the coin.
Foreign exchange opened firm and bankers bills on
England at sixty days sold high 1857; but the
market became fiat, and 1857 1881 the
closing quotation Commercial bills rated at
1914 lOs1s. Tho official return of the exports
from this port for the year 1866 shows that they
considerably below the vaue of those for 1884, being only
SOS $50 $50 against S272, CAS- 1852 but full allowance
be made in considering these figures for the appre
citation of the currency and the consequent decline of
prices. The imports were heavy, being valued at
1924 742 4l9 in gold in 1866 against $2ls 1876 100 in
1854
Petroleum and mining stocks firm. At the first
board Bven closed CSC higher than at the second board
yesterday selling at So 65 United States 40c selling at
S16 so; Bates Baxter, 81 25; Smith Parmlce 60c
selling at $14 CO. Pthole Creek Csc lower s'lng
at $40 Is Brooklyn sold at 9Oc, Second National So,
Palmer Petroleum. 81 05 Pithole Consolidated So, Pc
troleum Consolidation 40c.. Venango and Phole So rs,
Heydrck Bros. 45c., BennehoG Run SIS 40, Cen
trail 50 80, Empire City $50, Excelsior 81 TO-
Germania 16c., Ham McClintock S., Oil Crock
81 so, Shade River So CO. Hard Pan 81 10, Ben.
ton 81 10, Corydon 81 25, Gunneli Gold 81 49, Hope
Gold 80, Kipp Buell. 80, Quartz Hill So Is, New York
Gold 81 so, Waikiki 81 05 Al the second board Oil
Creek closed 20c higher than the first board selling
at IS; Bates Baxter 75c selling at 50; Smith Parm
sOc selling $l3 80 BennehoT Run sold SIS 3d.
Bradley 43c Bliven So 66, New York Philadelphia and
Baltimore 60c, Oceanic 40c Palmer Petroleum 81 90
Phole Creek 50 TO- United States $40 TO- Webster 90c,
Shade River 81 CO. Gunnell Gold 81 IS, Waikiki 81 90
Benton 81 o5, Montana 75c. Corydon 81 30
The bank committee appointed to proceed to Wash.
ngton confer with the Secretary Of tho Treasury upon
TO leave to In addition TO Messrs Coe,
Haight and vermiiye, Mr. R. H. Lowry, Of the Bank Of
the Republic and Mr.. J. +. D. Lanier Of the Third Ma.
tonal Bank, have boon selected for the mission.