The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-04-25
FINANCIAL AND CONNER CIAL.
>~>--~-~~-~~

TUESDAY, April 24-6 r. NJ
The stock market has been and in the ascendant
At somewhat variable to-day, owing mainly to sales
made TO realize profits The superabundance and cheap
ness Of money give courage to the bulls and ndsposc
the bears to extend line of hor the aggregate OF
which is sufficient keep up brisk borrowing demand
for nearly all the leading railway shares Cleveland and
Pttsburg Erie Northwestern preferred and Fort Wayne
absorb large share Of the attention Of the street. and
the OF speculation is almost entirely in favor Of
higher prices New York Central lost its buoyancy
under the Governors Of the Relief bi-a proceed
ing on his part for which no good reason
AT the early session of the open board New York Gem
trail sold at 92zs Erie 1877 81, Reading 1919 Michi-
gan Southern S42s Cleveland and Pittsburg SIS ~
Illinois Central NIX, Rock Island 12lh Is. 81, North
western 2Szs, preferred 59,s, Fort Wayne 9o}l q,
Canton 81, Spruce Hill Coal a ga AL the hrst
regular board the market was active and strong.
Erie closed u higher on the call than at the
haifpast two board yesterday, Reading Is, Michigan
Southern n Illinois Central 2, Cleveland and Ptsburg
IN Cleveland and Toledo u, Ohio and mississippi GER
tncates * Canton tx New York Central was Is lower,
Northwestern a. Government securities were strong
Coupon nye.twentes of the 1862 issue advanced "a ten
fores ~ soven-thrty notes of the second and third
ssnes y.
At the open board at O'Clock the market continued
active large sales made for the sake of realz
ing profits which checked for the time being the sing
tendency of prices without however, causing decline
At tho halfpast two board 1t was barely steady Eric
closed Is lower than at the first regular
board, Reading ~ New York Central e, Cleveland
and Pittsburg y, Northwestern 4, Rock Island z.
Michigan Southern u, Marposa preferred q, Ohio
and Mississippi certificates u, Cleveland and Toledo
was q higher Fort Wayne Il. Government securities
continued strong. Coupon 1ve-twentes of the 1862
issue advanced u, ten-forties u. seventhirty notes
were unatercd.
At the open board at half past three prices
shad better New York Central sold at 92sS, Eric 723
4, Reading 1914, Michigan Southern s335, Cleveland
and Pittsburg s34, Ohio and Mississippi certificates
26A Cleveland and Toledo 1885 e Rock Island FIX
u, Northwestern 2SI, preferred 5SH, Fort
Wayne 100 4, Cumberland Az. Afterwards the
market remained steady, with moderately large volume
Of transactions, Fort Wayne and Michigan Southern
being the most active stocks the list At six o'clock
New York Central quoted ate23. 4. Erie 1873 "a,
Hudson River l094 q, Reading 1oa5s ~ Michigan
Southern s3% q, Illinois Central III q, Cleveland
ana Pittsburg 1914 x, Cleveland and Toledo i0i IL
Rock Island lal a. Northwestern 2sA 90, preferred
5Sis a. Fort Wayne l0oM 4, Ohio and Mississippi
certificates 2sG a u, Canton 55x y, Cumberland
A41saT
The money market remains monotonously easy O. a
per cent for stock Exchange loans with exceptions At
8 81 on governments There was perhaps never
period IN the history Of Wall street when the supply of
funds at its commend far In excess of the de-
maud present, and hence the low rate Of interest
and the general advance in national and other securities
The discount limo reflects the prevailing condition Of
monetary affairs FIRST class commercial paper is in
far greater request than supply at per cent the
jority of transactions being at OK. Compound In
tcrest notes quoted follows by the leading buy