The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-03
AND CONNER GAL.
FRIDAY, March 2-sP. NJ.

Or of certaiuty-to Immediately the power
FED upon him by the last Congress TO reduce the
ENJOY telegram to this effect sent to Of the
evening journals from Washington II this report had
any foundation In fact would imply that the Secretary
OF the Treasury was disposed to avenge supposed
slight by n-advsed measure, at the expense Of the
nation; but the authority conferred by existing acts OF
Congress gives him little control the currency as
leave him powerless for evil even if-which we have
reason 70 believe he has not-he had disposition to
resort to dangerous experiments else why have asked
for tho powers embraced in the Morrill, bils Specific
legislation is asked for by the country and no nnancer
can question advisabiy Probably no one would be
quicker to contradict the report 70 which we have alluded
than Mr. McCuloch himself
At the early session Of the open board New York Cen
trail sold at o. Eric Ses Michigan Southern 70k Ceve
land and Pttsburg 77s, Cleveland and Toledo 1osH,
Rock Island l05K Northwestern preferred 541s Fort
Wayne 01,I, schuylkiil Coal IAN, Quicksilver 42h At
The FIRST regular tho market somewhat unsettled
and prices receded fraction New York Central closed
lower than ut the halfrast two board yesterday,
Reading e, Michigan Southern l. Cleveland and Pitts
burg u, Northwestern X, preferred u, Cleveland and
Toledo y, Fort Wayne u, Ohio and Mississippi certih-
Gates q, Cumberland a. Erie was y higher, Atlantic
Mail 1, Western Union Telegraph Y. Hudson River and
Quicksilver were steady. Government securities were
advanced ssventhirty notes Of the second and third
series u.
At the one O'Clock sessions the speculative feeling
tame and prices were rather irregular, but
the changes were unimportant At the half.past
two regular board the market was firm and
quotations improved Erie closed u higher than at the
Nalf-past two board yesterday, Reading q, Michigan
svthern X, Cleveland and Pittsburg ~ Atlantic Mail
hNNorthwestern preferred, Cleveland and Toledo and
Quickilver were steady. Hudson River declined u,
iiiinosCentral u, Rock Island ~ Cumberland T. Gov
eneecurtics were steady excepting seven-thrty
notes OF tn second series, which declined u. At the
open board half-past three the market continued
hrm. Erie No.ed on the call at s62l, New
YORK Central sA's, Reading 99H, Michigan South
ern 7oh, CleveApd and Pittsburg 77ss cleve-
land and Toledo 1os Rock Island 1861, Northwestern
preferred o4H, Fort Wayne 91T quicksilver 42k,
Schuylkili Coal 14a4 Afterwards the tide of specu-
iation was sluggish, andsome of enc bears sold freely
which resulted in fractional decline. At six O'Clock
Erie was quoted at S57S So Michigan Southern e9X
"a, New York Central 81 " Cleveland and Pittsburg II
4, Rock Island 1919 los, Northwestern 81 ~ pre-
fcrred SSh y, Fort Wayne s1k ~ Reading 9sH
a co.
Tho money market has been easy at seven per cent
with exceptions at SIX The demand from the Stock
Exchange moderately full, but promptly met, the
mand The discount line is quiet and first class paper
passes at ~ per cent At Chicago the banks
compelled to make frequent remtances OF currency
this city to meet their drafts Exchange there is at par
buying and ITO premium selling. The Sub Treasury
here Is disbursng largely, Its balance having declined
from $loe ssl yesterday Afternoon to 800
this evening
The gold market has been weak. The opening quota
tion 1851, followed by decline to 1853, subse
auent advance to 1868, and relapse at the close TO
1851 Loans were generally mado by paying per
cent for carrying the coin
Foreign exchange inactive and lower. Bankers
bills at sixty days England quoted at l0sN u,
thrce days 1o9h X, commercial 1919 1os bills
Paris Clong date) $40 525 tshort sighp, 5.l3X q
siex.
Petroleum and mining stocks generally lower
Al the board Benncho Run closed 81 20 higher than
at the time yesterday, selling at $40 40. Pithoe
Crock 66c lower selling at IS TO- Hard Pan sold at
81 IS. National 81 TO- New York and Philadelphia SOC
Petroleum Consolidation 4oc., BennehoG Mutual IS 90
Buchanan Farm Toe. Brrvoort S., Empire City SOC.
Excelsior 81 Is, First National SOC, New York, Phia-
dciphia and Baltimore &C., Palmer Petroleum 81 90
Pthole Farms 81 TO- United States SIT Is. Consolidated
Gregory Gold sle rs, Gunnell Gold 81 20, Smith l.
Parmlee $l2 SIS, Kipp Buell. So so. At the second
board Pithole Creek closed zoe lower than at tho first
SO s5; Smith Parmlcc Soc, selling at $l2. Bennchof
Run sold at $40 as Empire and Pithoe 45c, Excelsior
81 30, Palmer Petroleum - 20, Pithole Farms 50 90
Kipp Buell. So 10, Quartz Hill So co. Waikiki 81 TO-
Mount Vernon 33c., Gunncl Central IS.
The statement Of the public debt for the month ending
with February compares thus with the for the pro-
vious month";
Debt bearing interest in cons 149 al 81 III s67 291
Debt bearing interest IN -
lawful money ,l97, ,SS1 1,1S5 AIS $50
Debt on which interest has
Deb, bearing no interest,". ass sssss1 gcg
s., s24 ssl 4ss O., Sa7 sos ss7
NOTES.
One and two year Ave per cent
notes. ................. $3.50, 200 $3.50 900
nd s sass notes p @ 42 22s 42 s73
Compound interest notes.. lsooiaiA 174,ol2, A1
Total. s6ls, ASH 2e4 seo5. os4 Ala
Fractional currency. ........ 1858 2A 25,523 73t
Tho total debt exclusive Of the amount In the Trcasu
~, has increased during the month s3,4i7459. The
debt bearing in lawful money has decreased
SILL $50 COL owing the conversion OF seven-,hirty
notes into five tweutics, which last have increased
$40, III $50. The compound interest notes have de-
erased six Millions and the United States OF the
old aud Issue s3G6 $50 The deDt bearing no
interest has increased t,740 100, owing to the in
crease OF gold certificates, aud the debt which
iniercs, has ceased has decreased sii3,35i. The
fractional currency has pcreasd 500, 400, and
The temporary loan So, SO o9s The coin In the
Treasury has increased s3,aos o3l and the currency
81, 232 ISL Th circumstance u the Treasury having
siis,57I.sSe on temporary deposit Is an unfavorabe
feature in the statement In view Of the bal.
which is lying do tie ubTrcasury this city.
u " an absolute OF money to continue paying
interest useless lons and Mr. McCulloch should
fuse TO take any further deposits OF this kind In the
presen, condition Of affairs at least
Tho report OF the Hines Central Railroad for 1895
shows that the earnings Of tho year ss and
The net receipts from the'land department 81 a33 DIS
The operating expenses for the year S. 600 7sa and
abe balancefn hand h. 81, 7o3,5 25.
New York stock Exchange.
MAnCH 3 1896
FIRST sEssioN-l0:30 AN.
Al \, ~. q a ~ 4.