The New York herald., 1866-03-07
FINANCIAL AND coMMERc cIAL.

TUESDAY March &c p. n
The stock market has been animated but somewhat
irregular to day and although is general tendency con-
tnues upward the ssbear interest poweruiy asserts
itself at every step the progress oil the upward move
m.n, Eris and Michigan Southern are becoming ex-
tremely scarce for delivery and Cleveland and f1sourg
nro,ses soon TO be equally So under the manipulation
n, the respective cliques in them and all these
stocks are largely oversod Erie was loaned this
afternoon at the rate OF q per cent per day, and
shares were bought In under the rule in several in
stances while the deliveries OF old Southern very
irregular The temper of the street favors brisk rise
I'm ensuing spring, which, aided by increased railway
earnings and easy condition Of monetary affairs, s
likely to take place
At the carly session OF the open board the market was
nrm, with special activity Michigan Southern the
sales agsregatng 200 shares The latter sold at 70ys
711s Erie s5X New York Central ok, Reading s7A
u, Cleveland and Pttsburg 76,<, Northwestern 26,<,
preferred 52's, Fort Wayne s914 y, Schuyl-
kill Coal l4A. Az the first regular board there
was considerable activity but prices were slightly
irregular Michigan Southern (saes 800 shares Eric
fsales 5O0 and New York Central sales 00 were tho
most active OF the railway shares Erie closed per
cont higher than tho haifpast two board Michigan
Southern " Northwestern preferred u, Fort Wayne A.
New York Central was X lower, Reading X, Cleveland
and Pittsburg ~ Western Union Telegraph l. Govern
ties of the old ssae advanced T. Tenforties declined
n thirty notes were steady
At the one O'Clock session the market was gene
rally steady, with improvement OF 4 In Michigan
Southern. At tho half-past two board II was dull
and barely steady. Reading closed 4 higher than
at the first regular board; Northwestern h, Rock
Island (sales 50O) Z, Fort Wayne H New York Gen.
trail Il lower, Ere a. Michigan Southern u, Quick
silver ~ Ohio and Mississippi certificates H. Govern
ment securities neglected, excepting seventhrty
notes which were steady.
At the open board at half past three 1t frmer
Erie sold at s5A (sales $500 shares), New York
Central 90 Reading 977s, Michigan Southern H. Cieve
land and Pittsburg 49, Rock Island 1861, Fort Wayne
ss1, Cumberland 4sS. Afterwards there stronger
market and excitement in Erie At half past Ave
O'Clock Michigan Southern quoted at 713S a u,
Cleveland and Pttsburg 1914 u, Rock Island 1863
a. Northwestern 261f preferred SO 53h Erie s8X.
The money market showed increased ease and call
loans were freely made on railway collateras at seven
per cent and governments at six. The discount line
is without any feature. First class commercial
paper passes at ~ per cent
The gold market continues unsettled. The opening
price 1929, followed by advance to 1884, sub
sequent relapse to 1927 and recovery 1881 at 30
p NJ Afterwards there a recession to 1S3 and an
advance of u, the closing quotation being 1891 Loans
were generally made fiat and at per cent In favor Of
the lender the supply of coin for delivery being shade
easier than yesterday.
Foreign exchange was less firm than yesterday Some
OF the leading drawers continued to ask 10s but all the
important transactions at 1885, u for bankers
bills on England ut sixty days. and 10eH for bills at
short sight Commercial bills were in somewhat better
supply at 1914 1881 Francs at long date, sold
at 20 a 25 and short date at 5137s 5.l61
The adoption Of a resolution offered by Mr.. Thad
Stevens requesting the Secretary Of the Treasury pre-
pare statement giving the amount Of money now In
the Treasury including all in the hands Of assist
ant reasurcrs national banks and all other repositories
designating the amount in each separately and report
the TO the House, accepted indication that
the policy and management Of the Treasury Department
are to be closely scrutinzed by the radical section in
Congress-