The New York herald., 1866-02-10
FINANCIAL AND CONNER ClAL.

The stock market opened with buoyant activity TINS
morning. early session Of the board there
large business done in Michigan Southern sales
5000 shares) and Erie saes $500 sharesl The former
sold 6sS and the latter at 794 H, Reading 10O1<,
New York Central sss, Cleveland and Pttsburg sales
$500 shares s01 Northwestern 2s preferred 54zS At
the first regular board there fractional decline
Erie but the rest Of the railway list steady. New
York Central closed higher than at the half past two
board yesterday, Reading u, Northwestern pre-
ferred u, Rock Island IL. Erie and North
western were unchanged. Michigan Southern was
y lower, Cleveland and Pittsburgh Il, Quick
silver Il, Cumberland u, Ohio and Mississippi certih
Gates u Government securities firm Coupon
nvetwonties Of the third issue advanced r. tenfores
e. Seven thirty notes were steady.
At the O'Clock sessions the market was fraction
lower and Erie e, and at the half past two board there
further slight decline. New York Central closed
V lower than at the first board; Reading y, Michigan
southern 4, Cleveland and Pittsburg r. Northwestern
" Rock Island e, Cumberland H Government secur-
ties were less firm. Coupon fve-twentes Of the old
issue declined =, skies Of 1881 H. Tenforties and
seven thirty notes steady.
At the open board half past three the market was dull
but the whole steady New York Central sold at ss
s7H. Erie 7sk (bS Reading tbs 100, Michigan Southern
6sh, Cleveland and Pttsburg 79S, Rock Island 1o1h,
Northwestern preferred SAX. Afterwards the market
7sh a. Reading 1oo1 1o1K, Michigan Southern
6sH u, Cleveland and Pttsburg 791< 80, Rock
Island 101< u, Northwestern 27h y, Preferred 54H.
The supply Of capital available for employment the
Stock Exchange remains in excess of the demand.
although the latter is the increase, owing to the
current of speculation for rise which has just set in
Strong buyers have appeared in the market and in view
of the augmented earnings Of the railways the settled
aspect Of foreign relations and the prevailing
tary ease, there good for expecting
siderable advance upon present prices There is still
uncertainty felt with regard to the retention Of the
foreign loan clause in the finance bill
and its effects and the majority on the Stock
Exchange are anxious that it should be re-.
tanned, it could be made useful in producing
frequent fluctuations of prices The conservative portion
OF Wall street is, the other hand opposed to the
clause; but tied down the Secretary Of the Treasury
by his maturing obligations there little probability
that he could avail himself of the authority asked for
with advantage to the Treasury in which event is to
be presumed that it would remain dead letter. With
the removal of that doubt which exists the Of
the bill by Congress taking action upon it.,
relief will be experienced, and in any case
the course Of affairs will probably favor further
oovery from the recent depression Call loans gene
rally made at six per cent; but there few
ceptons at five. FIRST class commercial paper passes
money reported to be abundant, the supply
being equal to the demand. Commercial paper was
quoted at 10 a IL per cent
The gold market weakened from 140sS at the opening
TO 13o1, after which it recovered and closed 1891
1S9h Cash gold continues scarce and loans are gene
rally made at 316 per per diem The demand for
customs duties aggregated $5O9, 900 to-day.
The transactions in foreign exchange for to moows
steamers limited and the depressed Bankers'
bills England at sixty days quoted at 107l ~
three days 100 u, commercial 1857 LOT, francs
ST. 20c. a ST. SOC.
London advices by the Australasan report American
securities the 9th ult shade lower than tho
day previous. Five-twenties SO u, Erie 55k
Y, Illinois Central TAX u, the decline in the latter
bsing about X per cent.
The banks have addcssed reply to the circular Of the
treasurer ofthe United States relative icyyng the
their gross instead Of their net deposits hitherto
The latter is said 10 have resolved to modify his decision
regarding bank surpluses TO classify reserved
profit capital instead Of deposits at present This
viii affect such banks only hold United States stocks
to an amount in Of their capital in which case
they viii be enabled to deduct such excess from the
total OF reserved profits classed as capital
Petroleum and mining stocks firm. At the first
board Bennehor and Pthole sold at 81 56, Now York
and Newark 21c, Second National So oS, vcnango and
Pithole 90 50 west Virginia Coal and OIL 1oc Benne-
hoG Run $40 5O Bliven 80 70, Excelsior $l First Ma.
tional Ale, Pthelo Creek 81 co. Shade River So 55,
Gunnen Gold 81 o5 smith Parmlee 80 20, Quartz
Hill 80 90 At the second board Bennehoff Run sold at
SIC 40 Bradley &c. Bliven 50 75 Central 50 l5 Excel
sior ST. Germana 1sc, Ne nhaan SOC, Oil Creek 50 60
Hthole Creek IS 10, Palmer Petroleum 80 S. Shade
River 81 co. United States s17 u.s. Consolidated Gregory
Gold SIS, Gunnen Gold 81 10, smith Parmlee $40 45
waikiki 81 10.
Tho business at the Sub Treasury to-day was as fol-
lows