The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-02-07
FINANCIAL AND CONNER CIAL.

TUESDAY, Feb 6-oP. n.
The stock market was dull but steady at the early
session of the open board and Erie sold at Tx u,
New York Central SIS, Reading ssS, Michigan South
ern 67J< Cleveland and Pttsblrg Sly, Rock Island 9e
Northwestern 27l Fort Wayne 92x. AT the first regu-
tsr board II became heavy and vigorous attack was
made ON Reading of which 1900 shares were sold on
the call The closed y lower than the half past
two board yesterday New York Central n, Michigan
Southern u, Cleveland and Pttsburg n Northwestern
n, preferred q, Rock Island u, Fort Wayne a. Erie
was 4 higher Canton ~ Hudson River steady. schuy-
kill Coal sold at 1914 Government securities were
steady, excepting coupon hve-twenties Of the third
ISSUE which declined e. After the call the market
nued depressed and at the o'clock sessions prices
u u lower portion OF the list At the half
past two board 1t showed moro hrmness New York
Central closed higher than at the first regular board,
Hudson River ~ Northwestern preferred r. Canton Y,
while Erio Fort Wayne and Ohio and Mississippi cera-
steady Reading, on the other hand, und,r
continued heavy short" sales Z lower, Michigan
Southern u, Cleveland and Ptsburg 4, Rock Island ~
Government gold bearing securities were inactive.
seven-thry notes Of the second series declined ~ At
tho open board at halfpast three O'Clock there was
renewed depression and prices u 4 lower
most Of the railway shares. Reading, however, x
higher, closing the call at ok. New York Central
sold at sex $685. Hudson River 99h, Erie 76ss, Mch
gan Southern 66%, Illinois Central IFS, Cleveland and
Pttsburg 79x, Rock Island 9s%, Northwestern 28ss,
preferred 5aH, Fort Wayne ok, Quicksilver 49, After
wards the market rallied, and at quarter past five
Michigan Southern quoted at 67X, Cleveland and
Pttsburg 500, Northwestern 2e% 26X preferred 53k
5sX, Fort Wayne slzs 90, Rock Island ssaS esq.,
Erie Tx, New York Central s8hz s6N.
The gold market was steady. The supply of coin for
delivery moderately full in the forenoon a. 1-18
per day. but in the afternoon there greater scarcity
and borrowers had to submit to higher rates. The open
ing price 1898, followed by decline to 139H and
sequent Advance to 1884, the closing quotation being
1879 1891.
Foreign exchange experienced further weakening,
aud prime bank rs' bills England sold 1079l
q, commercial LOG 107A. The financial news by the
Palestine is unimportant, but 1t indicates growing
tary ease and consequent tendency to improve
ment in prices on the London Stock Exchange. Five
twenes quoted the evening of the 22d ult at
66H r.
The money market remains easy at 5 Q per cent for
call loans, with light demand In the discount line
there Is less activity owing to partial dstrust Of all
but first class signatures These pass at TX per cent
On the Stock Exchange although the 'bcar" interest
is still the controlling one, the increased earn
ings Of the leading railroads giving courage
to the bulls; ana should the improvement con-
tinue as is expected during the spring, there
The earnings Of the Chicago and Northwestern
Railway for the fourth week of January were So 942
larger than in the corresponding week last year. those
Of the Chicago and Rock Island ST. 1885, those Of the
Detroit and Milwaukee SO 72s while those of the Michi-
gan Southern were only $4,2l9 less. This important
element together with tho abundance ard cheapn ,ss
OF money, will give great power to the bulls whenever
they ara disposed to incur the risk Of movement But
the suspense attending the finance bill and the
future policy Of the Treasury Is meanwhile unfavorablc
TO active operations This however, will be relieved
as the bill is likely to be brought up In the House on
Thursday.
Petroleum stocks were moderately active At tho
nrs board Benneho Run closed 35c lower than at the
Same time yesterday, selling at $40 35 Pitholc Creek
&c., selling at So u.s. United States 7oc selling at sls
Oil Creek was 81 so higher, selling at 50 go Bennehor
and Pithoe sold 81 60 Clinton 81 TO- Forest County So
New York and Allegheny 81 so, Second National 50,
Palmer Petroleum So 40, BIven So SO, Empire City
$780, Excelsior &c., Brevoor So So First National 4sc
Southland 70c Shade River 50 o., Webster ESQ., Column
bian Coal ana Mining Company 81 rs.
The following is the quarterly statement Of the banks
Of the CITY OF New York the morning of December 90
1865