The New York herald., 1866-04-11
FiNAN GAL AND CONNER ClAL
Trr.pAr. April 100 2. N.

TUESDAY April 100 NJ
The stock market has ruled steady today at the rooe'-
sion yesterday afternoon and, although II lacked an-
nation there want OF confidence manifested IN
the future course Of prcos The passage OF the Finance
bill by 'he Senate passed the House Of Representa-
tives leaves ground for apprehension 10 what tho
future policy of The Treasury VIII be II authorizes tho
Secretary to receive any seven thirty other ob
cations OF tie government exchange Tor any dcscrp.
ton of bonds authorized hy tho aol OF Mar
D. 1865, aui alsl 10 dispose Of any bonds
authorized by the sad act such an amount, in
such and At such rates he may deem advisable
tor lawful money certificates Of Indebtedness onrth
caos OF deposit other floating securities issued under
any OF Congress the proceeds thereof 10 DO used
only for retiring Treasury other obligations.
Tho bill further provides that nothing In this or any
yous of Congress shall be construed TO author1s any
Increase OF the public debs which will necessarily make
1t ncumbou upon the socrrafy 10 maintain the six per
cont hoods al above par which can only 10
done by keeping tho moncy market easy
oi In ted States not more than ten Millions
c1n retired and cancelled thin sir months from tho
pussgo Of tho act and thereafter not more than four
millions n any month aid The Secretary Is required
10 preson n, detailed statement Congress- AT the COM
u tie next session, Of all that he has doro
under ,his authority IN the meantime. Although 1t vii
be seen tia, the duties Of the Secretary OF the treasury
are not spccacay pointed out ia the bill certain safe
limits are imposed upou his course of action and "a
than probable that ho viii ros be able To fully avail
himself OF even the ht,lo power Ia con-
,pct the currency which n bestowed Upon
him. Had tho unlimited discro,onary authority
which ho originally askcdior bccn granted him, state
Of fear among the financial and mercantile community
would have been Induced which might have eliminated
In a wldcspn al pane To have placed any secre-
,f a. IA Inn Of
power which M NcCnloch asked for would havo
ca source dread TO the whole country AMI
every man Woa have prepared himself as much 40
POSSIBLE agans contingencies dependent upon tho move
inents Of tt rcury aud ~ llIl Try would have been
checked and the energies of the country pafaiyzed
koe all know caacty how far the Secretary can carry
out his pee ewE the couutry ~ relieved ifon
tbat doub. nd uecrtan'y which the nero knowlcig,
tha one IN W. matifr of the 0oancal deAtincs Of tho
nation and great nHtont Of every other mans for
tunes, would have failed 10 inspire
Al tho oi Gu board AT ten O'Clock New York Cenlrsl
lsae. 600 narcs sid a ~ Ere tsaies soo 4a e,
Z adnr taia C0oi 1919 aloik, Michigan southern
(4s 1909 81. p.3l. Rock lsland ealss 100 llos
Cleveland snd s0lr. r.e- .Ol Tsjs, Northwestern
rruigucl % 53}s Fah Wayne soa Al the nut resa-
.er board Lo market aun bat quiet Nov YORK
Central closed :. than at the hAlfpast two board
ycseriay Eno ? Michigan Southern -, Cleveland and
Toledo =. Ton wayne x. Western Union Telegraph /.
Ksadfg Sorhwcstcrn Rock Island, Quicksilver aud
Cumberland we're steady. Government securities refs
dun ard shade lower Coupon ten iores showed do
cline q y 3s.
Al The one cock opcn board tho market Siosdv-
and DOH Cleveland and rstfburg sold at 70, spruce
h Coal o.. A. ,hc hnif ast to board sas without
any material chanr, ~ tone but tho tendency Of pro
vas upward. hrv 1olk c,nim coaed /. higher than
49, fl.nrn
=. Rock lnd =. ion wa DO =, ManpoaA preferred
). cun.tcrand ls carksiver ~, Canton <. Ers
vas :, tower, Northwestern = Cleveland and ifsia
burg Nort, cstefu preferred and Illinois Csnusi
were ste.ay Government securities were ra'hsr
heavy. coupon vet~cui.ea q the lso2 ia1"
~oro \ loser pafuy Ia sjmraiiy with me drop
| lng market for Amcncan Hccgnnes abroad and az
! pr,hen ons of possible fcinrn ~ our h"nf
lrm C,rsany Ia no cyeut e the thrratanei
rupture ~ psr,fu rs tass byisefn rrissa and Aus
TIA rpe g. bicd ,,ateh.s ~ th- Bslsiaa r.iort ass
tsens.s r., Ti,f a ~. tbr Iosdon slek EsohAnse 90
"A, eg,a uit bnt Fstr afs.ces qp1te tuen a. 80
! az. a - ior the quincy of vLch oAsno', hos-
| ever v ach tp., Ia continued pfss'ei q, -SN '.
| Ers wasa otsd At t8f, x sud Illinois Central so.-
ATE pr, ens qu.iailpns fef nyets ntoa herr and o
Eraland tbers h cona,orble n,ars or pruhi on thc
| lmpgr,ailln. Iionro poriaps, tLa report u'ai r'n
have ben arsuiy fr'rrnei by ibe belgian Anf iansA
A. TIE bal fat tfna DiHn ufifl i' 80 AtAti'N i'f
| ing was tame a.l pd main steady. sos fad
central sod "a. We iiNa T. Hesiing q. ~ 1915
Meai an Southern s0t Rp-s l.iand III NORTH ss'sfn
2ss. rrsfsfr 81. cunbofia5d t1s hpr'es Hn Coal
! 81. Qaieka yef a.. ~ srshrds thers "a. ~,De in
| proysment and At sS ocoss Iss make, cloei sfoss
a Ne gnfrfmelfloncd ga 4 o. ks Ns . . HsT
| Yofs Csntra q 40. uadson rrer 100 b.d k~adlna
| I0I.a =, nchigan souih~fa so4 =, Cleveland ana
| I1trburs g.. - Sarhwestsm -. bA, rfsisu'd
| sax nd Rlcs ~ ant ils'. y. iuf wayne 90 y,
| Canton s7E ~. c1mief ssa a. hii oaksrii'ef as
30 yarp,sa pfsf~rrcd O.. y Ths latter hf,hsrs
long negi-ctsd si.rs Assin becoming @ciys Tryo-by
Under speculative dem ~
rhs sappiy - rnossl e,n,ln1e' FgJ AbgtiAni :" "'
s,ses y4eban,s and the ssb~si fos cal loans hss
darib~d nys per among The bfok~rs AMI Isifais
b.nssrz oshsr i,tdsfn, bore.ef ssi sr rhs a~sosn,
hoe J. e..y snd hrs eiasa ooam'fcsi Iafsr f~ssss a
sga7. p.s e~ft add ths s~cpsd gla4s sisAp rhsrs
10 fair baslps.s DO ns oonpysud iEssr.s, no'ss a.
| the fol0-ins ratss