The New York herald., 1866-03-04
FINANCIAL AND CONNER cIAL.
SATURDAY, March SO p. NJ.

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SATURDAY, March SO NJ
The stock market has rather dun and unsettled
to-day and the operators for fall were embodened TO
extend their sort' contracts, but on the whoe the
specua,on for rise was well supported and material
decline took place At the early session Of the open
board Ere was active ales 5000 and sold at s6 So
New York Central sl5s a. 81, Michigan Southern 6sss,
Cleveland and Pittsburg ~, Rock Island 1o5, North
western 2T preferred 5sz, Fort Wayne 9l, schuylkin
Coal d. 81 14A. At the first regular board the market
was dull at a slight decline Erie closed X lower than
the half-past two board yesterday, Hudson River ~
Reading X, Michigan southern ", Northwestern pre-
ferred 81 Rock Island Il, Atlantic Mail " Cumberland
r. Illinois Central and Cleveland and Toledo were un-
changed Government securities steady excepting
coupon ten -forties, which declined e.
At the O'Clock sessions the speculative feeling was
stronger and prices improved u per cent the bus-
being chiefly confined to Erie Michigan Southern
and Cleveland Pttsburg At the halfpast two board
the market heavy Michigan southern was the hrm-
est stock on the list and closed Y higher than at the
nrst regular board Western Union Telegraph y. North
western common and prefsrred) steady. New
York Central declined u, Erie ", Hudson River q,
Reading u, Cleveland and Pttsburg 1s, Fort Wayne q,
Canton q. Governments dull Coupon fve-twen-
ties Of the old and third issues " u lower than
yesterday. Seven thirty notes were steady. At the
past three open board the volume Of business was
very light but the market strong, and prices
xass Cleveland and PittsbufE sold at 7eT, Erie SsH,
Michigan Southern o. 81 6s, New York Central . 81
V0A, Rock Island Is 1O) 1885, Northwestern 26x pre-
fsrred $685. Fort Wayne 9OsS Afterwards the market
closed dull but steady. At haf.past fve
New York Central quoted at 90X n,
Erie SAY IS, Reading esh x, Michigan Southern
6ax a q; Cleveland and Pittsburg TEX X, Rock
Island 1o5K a n; Northwestern 2e,4 ~ preferred
53K, Ohio ana Mississippi certificates 25a n.
Our mention Of the default in the payment OF the in
terest due the LIST inst city of Milwaukee bonds,
and second mortgage Eastern division bonds Of the La
Crosse and Milwaukee Railroad assumed by tho Milwaukee
and Minnesota Railway Company has led to discus
sion and parties representing the latter have made
statement in which they acge that the money for pay
ing the overdue interest in question in the hands of the
receiver who cannot act in the matter till after the
next meeting Of the United States Circuit Court of
Wisconsin The facts these: the payment OF the
inercst in default prevent sale in January last the
receiver directed by the court to deliver the railway
10 the said Milwaukee and Minnesota Company and this
cnded his official relations with the road The company
was required by the court to give bonds TO pay
any earnings Of the road in Of the operating
expenses and the interest prior ens which included
the bonds in question: to the payment Of the Chamber
lain and Howard judgments. The March interest has
not been paid, and the judgments remain unsatisied
These facts establish the strict accuracy Of first
statement.
Tho gold market experienced further weakening
caused by sales OF Iong' coin owing to the cost Of
carrying and tho large surplus supply. The opening
quotation 134X, followed by H advance and sub
sequent decline TO 133L after two o'clock AT half
past three however, the market had recovered to 1895
Loans were made without interest in the morning. but
Ut four per in tho afternoon The only shipment of
gold to-day was SOL 100 by tho Alcmania making for
the week $75,45a
Foreign exchange was inactive Bankers bills on Eng.
land At sixty days were nominaly quoted at 10Sl AZ
The supply Of money easy to the Stock Exchange
at per cent, with exceptions, mainly govern
ment securities, at six
Petroleum and mining stocks dull. At the first
board Benneho Run closed CSC lower selling at SIS 75
Phhole Creek 45c., selling at 81 65 Smith 4 PgKmlee
81 IS, at $1i. Hard Pan 81 %, Oceanic 25c, Pctum
Consolidation &c., BenaehoG Mutual s. 25, Excelsior
u 10. National 81 %, United Petroleum Farms 2oc
Ham McClintock 81, Palmer Petroleum a 2o Pitholc
Farms 80 so. Shade River 81 co. United States SIS 70,
Columbian 7oc Consolidated Gregory Gold $l7 10. Kpp
Buell. So IS, Montana 75c., New York Gold 81 10,
Downieville Gold 40c. p.
In reference to despatch from Washington, published
to-day which conveys idea that the aggre
gate debt has been reduced twenty millions since
the LIST Of October last give tho following statement
OF tho debt exclusive OF the amount in the Treasury
OCTOBER jl, 1900, ana Marcn 1900, respectively, Dy
by which viii be that including sl2 e27 of gold
certificates the total has increased $1s65s o2l
that time
October 81. March l.
coin 1oi, ,ls7,ss1 sl,177se7, ,asl
Debt bearing interest in
lawful money ....... 1lsI, ,si0,7s7 I,ls5, $50
Debt on which interest has
Debt s'iss bearing no ssss
Total 81 500 2lo $3.50 s. S27, Sos O57
LEGAL TENDER Sora
One and two year hvc per
cent notes. .............
u notes, old $685. Z096 GIL $605 os4 Sil4
u. s. notes, ISSUE.
Compound interest notes.
Tho business at the subTrcasury to-day was as fol.
lows
nota reoeipts... SissiVNs
rayments ......................... sols
Baance V,bioOl0
On account Of government ioan ......... 5000
Coin cortincaes. 100000
The mportaons OF dry goods at this port during the
week ending March compare follows with those OF
the previous week:-
I'D. 22-- --MarA l.
Consumption. Pkgs. Taiue PkyA Tdtue.
Manufactures OF cotton. 1883 526,4e6 1918 42b315
N1tui-ctuirs " STA. -. 75l 7tS,3A i03 s0i,Gso
Manufactures Of nsx.... T25 2o5,2so 1887 4lo,577
Total, 5000 81 7e7 l24 s4o7 s2,s7a,i1s
BithdrutrdfG
Manufacture Of wool . 74s sssosI1 55s s2sl.ooo
Manufactures ofcoilon.. 7s3 2b0,257 4e4 IFS, 100
Manufactures OF silk les 155,205 142 143, $50
Manufactures Of naI.... AS l27osO 400 los'eo5
MISCELLANEOUS .......... % 26,5s3 aS 1850
Total; ai;....:.......".2lis soie, ,7se 1889 s7oS,o2s