The New York herald., 1866-04-03
FINANCIAL AND COMMERCIAL.
MONDAY, April 20 p. NJ.

MONDAY, April 90 p NJ
The stock market has experienced decided recovery
to-day from the depression which marked 1t at the close
OF last week. and efforts Of the bears TO force decne
are at present likely result only In loss TO
Michigan Southern Rock Island and Cleveland and Pitts
burg were the strongest and most active Of the railway
shares The sudden rise Of the nrst mentioned 10 se
took the by SURPRISE and created consterna
ton among the 'shorts" Of the most prominent Of
whom 1t was reported theroupon made an offer 70 settle
his contracts at the current price.
At the open board, at ten O'Clock Erie sales T. 900
shares sold Tx u, New York Central (saies 1OOO)
9o,I, Hudson River 107x 10s, Reading ss1, Michigan
Southern (sales 2,500) S3k, Cleveland and Ptsburg
(sales 600) 76K, Rock leland ll3 1l25, Northwestern
36x. preferred 53x Fort Wayne SO, Quicksilver 4os
At the FIRST regular board the market was nrmer.
Rock Island closed 2K higher than at the half
past two board Saturday; Michigan soutnern
(ssies l,2oo) Y, Hudson River u. New York
Central was Il lower, Erie (saes 2'sSo) ~,
Reading Y, Fort Wayne q, Northwestern u, preferred
X Western Union Telegraph l. Government securities
wore lower Coupon Skies of 1881 showed decline Of
~ ten-fortes u nve-twenties, OF the 1862 Issue, u.
state stocks we're steady Missouri skies advanced u.
At the one O'Clock session OF tho open board there was
increased activity sharp rise In Michigan Southern
to s5X the sales aggregatng 100 shares Afterwards
the market strong, and at the halfpast two
board prices were the ascendant Michigan Southern
closed ~ higher than the first regular board, Cleve
land and Pittsburg y, Rock Island ~ New York Cen
trail n Erie Il, Northwestern ", preferred y, Fort
Wayne Il. Quicksilver lower Government
securities were quiet Coupon skies Of 1881 advanced
y seven.thirly notes OF the second series were H
lower.
At the half.past three open board Michigan Southern
advanced to s6h and Cleveland and Pttsburg to
10Y, but the rest Of the list was steady
Erie sold at TAX, Reading esis New York
Central d. 81 Ok. Afterwards the market closed
steady. At hafpast I've Michigan Southern was quoted
at s8k 4, Cleveland and Pittsburg 794 x, Rock
Island 1l4S q, Northwestern 26h 4, preferred 64h
a u New York Central e1b ~ Fort Wayne Ss2S 50,
Hudson River 100 4, Reading e91s Erie was OK.
eeptionay heavy at 1884 IA
The supply of money available for employment on the
Stock Exchange continues superabundant among the
brokers at five per cent and only outside lenders
exac, SIX which rate the transactions very limited
Tho OF the associated banks for the week Is
favorable to continued monetary ease. The deposits
increased 26S6, 347 and the legal tender notes
So 162 008 which changes attributable mainly to a
drain of currency from the West The loans show an
OF 81 $751; owing to an extension of the dis
count line and purchases Of government securities by
the banks for the sake of putting to their surplus
funds The circulation has increased si93. i2s--
Chfonic leature Us hhy vi tno ha-iVn panhs He SUN
constantly paying out the new currency Issued to them
under The act The most important change in he state.
ment however Is decrease of 50 $50 In the specie
line This is raceable to Withdrawals for the payment
of duties and sales in the open market the sup
ply OF coin in which has been during the last
ten days greatly diminished by boarding Mer-
chants and others all the country have
felt disposition TO buy at the recent decline,
and put the gold ino their strong boxes good invest
ment at least for the time being In order 10 show that
the decrease in question Is not owing to purchases Of
coin certificates Is only necessary to say
that the amount Of these outstanding has also decreased,
che total this afternoon being only 6oo against
$12 627 600 the LIST OF March, The account at the
Sub-Tyeasury stands thus
COS 100a 1,000G 5000'G
Total issued .1l77s0 21Os 700 ss59, 900 4S 600 900
Redeemed. 76,3so 1265, 900 6,o26000 37,095,000