The New York herald., 1866-03-08
FINANCIAL AND COMMERCIAL.
WEDNESDAY,, March 7-e r NJ

y p lNAfNStHG EiN0 SO''''''-
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WEDNESDAY, March TO r M.
,oct m o.rket continues TO show increasing strength
-.,maton. and the prices Of railway seouf"es A0
I'm the ascendant The 'corner'' In E'e mas
the spirit Of speculation and aithousn ao
,,r,n,.,A share Of tho attention OIL 'ne s"oe A~H
'uia'e a,.,,ons I'm other quarters The stock Is SO
a'0o ior livery that u X has been PAID FOR
.o uSo ~ Nn tomorrow large number Oh loans
,h... per day, but just al'er TWO ociooA
rowing. and tb dimoaiw . s.poAa" 20 ~ ~.
deliveries of Nich sn,h.rn and c,.vssrd and pitts
burg made irh -. 80 ,h.-a ,s an .c,,vo hor
vav shares In. ~, bears for all the leading rail-
large The CLIQUE moSs interest In each being very
srn Is brisk one, and tSt going forward in old South
pidity with which It Is ads are taking alarm at the
provemeut to-day having beinps upon snem' the I'M
The business and earnings of thvI p.l o.as
coming spring viii, a. . matter oFf"H1 1s as
larger than they have boon during the ~
and TINS Increase u Is not unreasonaN .-s....s
Will induce higher prices for their shares on\. CO..
Exchange. a not inconsderable spring rise bek. -
rally anticipated In the meantime ther. is oveX
billy OF the money market becoming graduaa,v
under the disbursements OF the sub-Treasury,
snoe In which is still enormously large-nah.
sss.2ll 49, while tho fact Of there being Sis, ,577X
temporary
with the Treasury affords guaptse that the latter win
do nothing calculated TO disturb the even course OF
monetary snairs
At the early session Of the open board the market was
drm with special activity In Erie (sales 200 shares,
and Michigan Southern tsaes 1000 shares The latter
sold at Tx, Erie 81 cash and sax regular New York
Central ok, Cleveland and Htsburg 7oX Rock Island
1o7, Fort Wayne 20, schuylkin Coal 14h At the first
regular board there was u largo and we'll distributed
volume Of business Erie (saies 800 shares) Michigan
Southern tsales 3,500) and Fort Wayne (saes l760)
being the strongest and most active Of the rail.
way shares Fort Wayne closed Y higher than at the
Hdpast two O'Clock board yesterday Michigan Southern
=, "'w York Central u. Erie V, Reading u Quick.
s"'or ~ Ohio and Mississippi certificates a. Can
tcn ~ hock Island and Northwestern were steady
Missouri State SKIES were a,tve and rose Y nor cant
under the effect Of the providing for the cousoda
on and payment OF the bonded bt Of the State which
including overdue interest," aalouats TO over thirty mil
lions OF dollars The interest In aear will bc added TO
the principal Of the outstanding b1ded debt. and new
bonds issued in exchange for the DID, Of the
interest on which will be resumed the Il. of January
1868. Government securities were 6rm but,As trans
actions in them light Coupon Hve-twentes os tho
third issue advanced y, coupon ten.forties were y
lower. seven-thirty notes were steady.
At the O'Clock the market was strong and
t~o boards aggregated 500 shares and Of Michigan
Southern 1900. schuyiki Coal declined to Ia At the
hafpsst two board there increased buoyancy and
very confident feeling among the operators for rise
New York Central closed q higher than the first regu
lar board, Erie y, Reading Il Michigan Southern y,
Cleveland and Ptsburs q, Northwestern u. preferred
y, Fort Wayne ~ Ohio and Mississippi certificates H.
Western Union Telegraph x lower, Cumberland r.
Government securities dull but steady.
At the open board at half past three there was
further advance Of prices with Increased activity and
some. excitement in Michigan Southern, the sMes OF
which aggregated $500 shares Thel opening quotation
on the call was 72 and the closing one 73 d. 3 Cieve
land and Pittsburg was very hrm at Tx. Fort Wayne
sold at COX, New York Central Elk Reading 9sX,
Northwestern preferred Is. ,, 5s,s Afterwards the
market was strong and active, and there was
an excited demand for Michigan Southern which sold
up to 73H. Ata quarter o'clock Michigan South
ern closed strong at 739. and Rock Island firm at l07
AZ. Erie Was dull ass6s Z. New York Central was
quoted at ok 92, Reading psx 90, Cleveland and
Pittsbcrg Tx, Northwestern 2ai1 r. preferred 6Sx
AZ. Fort Wayne 9O,i Of, Hud on River los,s bid.
The demand for money from the Stock Exchange n
propotioned 10 the Increase of business bus the supply
abundant at por mixed conaterais, and
at six governments Tho discount line Is easy At
per cent for nrst class paper and for tho
second best In the West money Is In good demand and
Chicago and Clncinnaa the supply Of exchange the
East s not sufficient to moot the current requirements
and in consequence there Is constant drain In this
direction to bankers drsits The rate IN par buy.
ing and 10 premium selling
Tho gold market has been steady and dull under .
cessation OF the excitement, and spectators
fall have deserted under the belief that the govern
mont will be seller under l37 and that m the
interval the floating supply will grow gradually less
and force the premium higher accordingly.
The opening price 1897, followed by q
decline to 1897 and recovery 1889. At the Close
however, the market duh at 1884,. The supply OF
coin for delivery abundant and whore loans were
not made fat interest paid for carrying The
steamer Cuba took out s341 $50 In gold
Foreign exchange was inactive usual wcdncs.
day Some Of the leading drawers asked los for sixty
days sterling but the brokers quoted 1t at 1851 r.
The import movement continues heavy, the Of the
imports at this port for the week just ended being
so.io7 75e in gold. The exports the
large those for the week ending yesterday being valued
~ 80, 500, ,S3l In currency.
Petroleum and mining stocks irregular AT the
nrst board Bonnchof Run closed 81 10 higher than at
the same time yesterday. Ham Mcclntick So Ptholc
Farms asc higher Quartz Hill soc, Smith Parmlce
25c. Palmer Petroleum ejc. lower, Pithoe Creek
Soc, United States Csc At the second board Central
closed 10c higher than the first board selling at 90 70
Palmer Petroleum 1tc, selling at 81 20; Phole Creek
l5c, selling at 50 CO. Benohon Pun sold at SIC co. First
National 45c., Homowsok 81 50 New York and Ale.
ghany 50 95 shade River 50 OF, Webster Toe Bradley
3oc, Consolidated Gregory Cold SIS 20, Kipp Buell.
S3 New YORK Gold 81. Smith Parmlec ~ 90 There
some inquiry FOR Ba;es Baxter, under favorable
reports from the mines and 81 bud for the stock
The New York exports, exclusive OF specie for tho
week ending March aud since the beginning Of tho
year, compare follows
ls.A 1885. 1899
For the week. ,sno52O s2.sie5z 80, ,s03 s3l
Previously reported 3is 3738T 632 IS 227 23s
Since January .s2s 7Cs sss $40 as7 200 ssa os oes
The imports are heavy, both dry goods and general
merchandise, tho total Ter the week being ovor six
million dollars In foreign gold value
ls0A 1865 1904
Dry goods s........sl e75 900 sl0DJ 6el g. SAT oqO