The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-01-13
FINANCIAL AND cOMMERC GAL.


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FRIDAY Jan. l2-8 p. y.
the stock market steady at the early session o.
The open board this morning, when New York Contra
sold at '93x x, Erie o. Reading 1917, Michigan
Southern 6l. Northwestern a1,< preferred SIX, yor
Wayne o. Schuylkill Coal 1874, Cumberland Ala.
the st regular there considerable depression
partly in consequence Of the Of the advance in tn
Bank of England rate of discount TO seven per cent AMI
the decline OF about one cent in American securities
on the London Stock Exchange New York Contra
closed lower than the two board yesterday
Erie 2'S Hudson River 2h Michigan Southern n Cleve
land and Ptsburg ~, Northwestern n, preferred X
Rock Island TX, Fort Wayne u, Cumberland NJ Quick
silver r. harposa e, Canton y. Government gold
bearing securities were rather heavy. Coupon five
twenties Of the old issue and ten-forties declined e
Seventhiry notes firm and the second and third
series advanced Is.
After the call Eric sold down ssK but subsequently,
rallied and at the O'Clock board the market was
firm at higher figures Ere sold CO. New York Cen
trA s2x, Michigan Southern oeH, Cleveland
and Pittsburg 75h, Rock Island 1o2x, North
western SIX, preferred SIX, Fort Wayne
BAN At the ha-past two board the improvement con-
tinued and more confident feeling prevailed among
buyers for q rise. New York Central closed Il
higher than at the first regular board Erie III Hudson
River 2X, Fort Wayne q, Reading IL, Michigan
Southern III Cleveland and Pttsburg TX Northwestern
x, preferred " Rock Island 2A Quicksilver u, Cumber.
land r. Canton u, Ohio and Mississippi certificates r.
Government securities were steady
At halfpas three O'Clock open board the market
reapsed a fraction. New York Central closed on tho
call at sah, Erie o. Reading 1917, Michigan Southern
Ok, Cleveland and Pittsburg 75%. Rock Island 1o3
Northwestern 31H, preferred 81, Fort Wayne 9S1S,
Schuylkill Coal lax, Canton 43k.
Afterwards he street market continual heavv
AT past FIVE Erie quoted at SO 500, Cleveland
and Pittsburg rs n Michigan Southern 07h New York
Central 90, Northwestern 81 3l<.
The gold market opened dull at 1888. but under the
effect of the European advanced to 13o 1t then
receded fraction, but subsequently recovered the de-
cline closing at 1880 Although the 'shortn interest is
very large the demand for cash gold heavy and
loans made at from 1872 per day in favor of the
lender to fiat The steamer New York, from AspnwaIl
brought $685., go In gold
Foreign exchange in very limited demand, not.
withstandng that the tendency of the foreign advices
was TO strengthen the market Prime bankers bills at
sixty days. England, sold at 1851 although 1O9
was asked. Commercial bills at los 10Sk;
Southern bankers bills 1888 u. The decline Of I'd
per pound in American cotton at Liverpool was con-
srued Is adverse to increased exports from this side
temporarily, while the decline Of nvetwenties in Lon
don on the 10Th ultimo to 65 Erie to 56 and Illinois
Central to rs operates Of in the direction
The advance In the bank rate of discount compu
noy owing to further decrease or f4eo so7 in its bull
lion for the week ending the 9th December, not
outstanding the arrival Of $500 900 from Australia
The demand for discounts and loans was 70
ported to be extremely heavy both on the
part Of the commercial public and the dealers Oh the
Stock Exchange The Bank Of France however, failed
70 respond TO this movement and it's rate remained a
four per cent Consols the Goth closed at 81 SIX.
The dulness and comparative depression In tho latter
as marked a. in the market for all other securep his
estimated that the stocks Of the banking railway and
miscellaneous securities dealt in ON the London stock
Exchange declined in value during the year 1856 to the
extent Of from twenty TO thirty millions u dollars The
decrease in the value Of hundred and forty
nine Of the miscellaneous securities was equal to
more than I'VE millions and quarter Of pounds stsr
1ing This decline all the unexpected because
Il from level far below the highest point reached
In 1894 Another discouragng feature Is tat the
stocks Of forty nine OF the companies In the list Of dec
citation there further liabilities for calls 10 the
Of f20 e40 It not TO be concealed that the in
shs country by contributing 70 the supply Of gold In tho
Bank Of England and therefore assisting 10 keep the
Dntiah money market easy. gave ? powerful impetus
20 speculation, While NJ sns same time large
amount Of capital before employed in trade with
she United States was disensaged and forced
speculative and they have bseh The FIRST 10 feel the
erect OF the termination Of the war here and d.
inshed exports Of specie Capital in England Is evil
IDENTIFY rapidly returning to the Of legitimate
trade. t., ...,.
Petroleum stocks were fairly active Al the FIRST board
venango and Pithole closed 81 % lower than at the
Same time yesterday selling at 80 %; Bennehon Run
81 S. selling SIS Is; Brevoor 2oc., selling at o.
FOREST County sold &C., Ivanhoe 81 90 Tygers - rs
Cherry Run &C., Excelsior 97c., Fee Simple 21c, New
York Philadelphia and Baltimore g. hodnt Vernon a5c,
rthole Creek Sl2 90, Palmer Petroleum a. United
States S22 CO. webster 81 TO- French Creek &c., GunneI
Gold 81 Is, waikiki 81 90 wsverley Company "a 90
At the second board BennehoG Run closed 81 65 higher
than at the nrst board, selling at $40 o. Buchanan
Farm sold at 7sc, Bradley a2c Central SIS. Fec simple
22c., New York, Philadelphia and Baltimore o4c OIL
Creek a. Palmer Petroleum 81 o. Pthoe Creek 412 20.
United States s2I u.s. Webster 81 u.s. Excelsior etc,
Gunnel Gold 81 20, Corydon 81 10, Smith 4 Parmlce
90 20
The business at the sub-Trsasury to-day Is fol-
lows
Payments. sos' sss
Balance ssvse ~
On account Of government loan COZ 600
Coin certificates. ooosoS"
Mr. W. A. Nissan has resigned the oashcrship OF the
Bhos and Leather Bank take eject the LIST day o.
February ensuing MT Nissan has been cashier since IL
organization In 1852. - .....-.....
, On the 2s,h ult the Bank of England advanced 10
rate of discount from 10 seven per cent THIS pre-
WINS rate was fixed on the 23d Of November. Ther'
w.s no material change in the value Of money on tn
Continent The following were the quotations In tn
principal citics:- ~. ~,-.u