The New York herald., 1866-04-14
FINANCIAL AND COMMERCIAL.
FRIDAY. April lS-6 P. n

~~~~~~~~~~~>~>~-~~-~~~
FRIDAY, April 1s-6P N.
The stock market has been, the whole steady to
day, with special buoyancy, however, In Reading ana
Ohio and Mississippi certificates among the railways, and
in Quicksilver and Manposa preferred among the mis-
oeaneous shares The speculative feeling prepondsr-
stes 80 largely in OF that the bears prefer bid
ing their tme to ncung the risk OF making fresh
tracts At the same time the outstanding short nte-
rest large, and this st present prices could only bs
covered" at heavy loss
At early session Of the open board New York Gen.
trail sales 800 shares) sold 1t 9s Erie ales soo rs
TAX Hudson River 1l0H, Reading (sales 4,4oo) losx
X, Michigan Southern COX, Cleveland and Pistsburs
s0X, Cleveland and Toledo l12, Northwestern 2oH,
preferred S5x Fort Wayne slX, Ohio and Mississippi
certificates o. Canton SSk, Spruce Hill Coal o' QUICK
silver l7x, Mariposa preferred Ak. Atthe nra reeu-
Iur board New York Central closed higher tnan Al
the hafuast two board Yesterday Reading tsales 9So0
8, Cleveland and Toledo u Fort Wayne ~ Quicksilver
IL M.ripoa. preferred n Ohio and Mississippi certi-
6cstee " Tho active movement in the latter,
which are generally stagnant Is attributed TO the
increase in the net earnings In 1885 over those Of 1854
Of 1897 Ie and tho prospect Of ther being funded into
stock Erie closed " lower Michigan Southern u,
Cleveland and Pittsburg " Northwestern preferred y,
Rock Island 1, Canton T. Government securities were
dull, but firm. Coupon skies OF 1881 advanced Y.
A O'CLOCK SESSION
great activity Reading tsales $500 shares which ad-
vanoed to 104. The remainder Of the railway list was
only steady but the miscellaneous shares were strong
Marposa preferred sold at % b3 Spruce Hill Coal OK
aek, Quicksilver So At the half past two board Read
ing ales 500 closed per cent higher than at the first
regular board Cleveland and Toledo e, Alton and Terre
Haute Marposa preferred e, Quicksilver IN, Ohio and
Mississippi certificates 4, Missouri SKIES " Tennessee
skies r. New York Central was q lower; Erie y,
Michigan Southern u, Illinois Central x, Canton TX,
Western Union Telegraph u. Government securities
stronger. Coupon fve-twentes Of the 1862 issue
advanced "a Seven-thrty notes of the second series
were firm at 1907. Afterwards the market was quiet
and steady and hafpas Ave the following quotations
were currcnt:-New York Central 92z q, Eric 73H
x Hudson River 10aT bid. Reading 104A u,
Michigan Southern s0t1 ~ Illinois Central 116 bid,
Cleveland Pittsburg sos 81, Northwestern 2oh bid
preferred $50 n Toledo lily bid, Rock Island 11sH
1lo, Fort Wayne OK H, Ohio Mississippi certih-
Gates 26H a, Canton SO u, Cumberland AK As.
Quicksilver 4sX a so, Mariposa preferred 22h y,
Spruce Hill Coal e,S aeK.
The money market continues extremely easy and the
surplus Of funds seeking employment is the increase.
Capital was offered in large amounts this afternoon,
TO prominent houses at four per cent govern
ments, but the general rate for call loans has
been five per cent The transactions through
the banks at six on miscellaneous collaerals have
bcen quite exceptional and unimportant The demand
for compound interest stimulated in consequence
Of this plethora Of money and the quotations for them
are as follows according to date-June, 1854, 110S
July, 109T; August, 109T; October 10s3<; December,
1O7K May, 1865, 1O4X August, 1o3,I; September,
1o2X; October, 1927.
First class commercial paper Is in request at per
cent and the second quality at 7k a9 but inferior
grades out OF favor The drain Of currency from
AL
of the money markets in that section Of the country but
the discount rate steady per the banks
At Chicago Eastern exchange is reported and firm
at par buying and lilo premium selling.
The gold market opened heavy at 127, and declined
steadily 10 1881, acr which It recovered but quickly
relapsed and closed OF 12ek The demand for coin for
delivery moderately light and generally six
per cent in favor OF the lender.
Foreign exchange lost much OF the strength and
activity which characterized the market on Wednesday
and yesterday and closed dull at 1o7A for bankers
bill on England at sixty days; throe days. losx y.
Commercial, lo5x loeX bills on Pans at long datc,
ST. 25c. The immediate future Of the market
will necessarily depend to great extent upon
the OF the European news and especially the at
tudc OF Austria and Prussia towards each other large
amount Of exchange has within the last three days,
been bought speculation, in anticipation OF the pos
sble rupture Of peaceful relations between the Powers
referred TO, and should affairs between them assume
more pacific aspect the probabilities are in favor Of
covery OF nvetwentes the Frankfort and London
from their depression in which event the rates
of exchange on Europe here would naturally decline. On
the other hand should the German difficulty resolve itself
into war; further sharp advance would be inevitable
and with this gold would directly sympahize Bills on
Antwerp rated at 81 a 8 27h Hamburg S5H "
Amsterdam 40 Y, Frankfort 4oA n Bremen 7eX
Tx Thalers are are 20 az Swiss bills 8 q 26k
Petroleum and mining shares nrmcr At the first
board Bepeho Run closed 45c higher than at the
time yesterday Pit Hole Farms 1oc Gregory
Gold 81 40, Quartz Hill 1oc., Smith Parmee 81 IS,
Texas 14c Columbian 15c. At the second board Bene
ho Run closed Soc lower than at the first board selling
at $40 T5 Consol dated Gregory Gold 2oc, selling at
SIS so; Kipp Buell. l6c higher selling at 81 10;
Quartz Hill l0c selling at 81 90 Brevoort sold at 81 10,
Hoomowack 1oc Palmer Petroleum 10c., Pit Hole Creek
81 95, United States 80 rs, Downicville Gold 4Oc,
Holman Gold 35c., Now York Gold 35c., Smith Parm-
lee 80 90
We suggest to Mr. McCuoch the advisabili,y OF his
anticipating Congressional inquiry into the matter by
immed .tey making public explanation of the
which Induced him to buy ten-fores, seventhrty notes
and compound during the month of March,
and to sell nve-twentcs and skies Of 1881 The longer
he delays doing this the will be the ultimate COM
plexon OF these transactions His duty to the people
and himself alike call for the explanation asked for and
n he fails this It devolves upon Congress to pass tho
necessary resolution.
The mportatons OF dry goods at this port during the
week ending April ~ compare follows with those OF
--Aprl s. april 12-
Consumption Pigs yaiae Pig. yai.s
MsnuSurss Of cotton cotton us ss1 o S ass
Manufactures Of silk. so7 500 lel 2ol 239 735