The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-06-01
FINANCIAL AND coMMERc IAL.
THURSDAY, May Sl-0P. n

FINANCIAL AND COMMERCIAL.
THURSDAY. May sl-sPM
The stock market has been firm but rather duh to-day
owing 70 the prospect OF almost entire suspension
business tomorrow. Tho speculative feeling Is, how
ever strong and prices continue show improving
tendency.
A. the rss open board Erie tsaies $50 shares sold At
xokah y. New York Central 0s u Reading 1osh.
Cleveland and Pistsburg s6k s5h, Michigan Southern
COX . SIN, Northwestern 2sK-preferred So, Fort
Wayne ok, Canton sex, Marposa preferred 24k. Al
the rst regular board the market was dull but steady
Michigan Southern closed y higher than - the
halfpast two board yesterday. New York Central
X the latter company has leased peEpetually the new
line Of railway from Schenectady y Athena the Hud
son ve the terms being equivalent 70 six per
aoaptaI cost Of g. sl2O per annum Rris
closed y lower-preferred TX, Reading u, Cleveland
and Pttsburg ~, Fort Wayne y, Western Union Tsio
graph y. Government securities steady. Coupon
nve-twenties Of 1852 advanced n
At tho ono o'clock sessions the market was firm and
the transactions at the two boards In Erie aggregated
Is, zoo shareA Al the half-pass two O'Clock board
1t was dull bat steady Erie closed higher than u the
nrst regular board Cleveland and Pittsburg " North
western k-prsfered y, Western Union Telegraph u,
Missouri sizes u. Now York Central y lower,
Reading y, Michigan Southern y. Government secu-
rites were quiet Coupon Hve-twenties advanced y.
At the halfpast three open board the market was
arm but dull Erie continuing the centre Of attrac-
ton, tho transactions aggrcgasng 1890 shares.
Tho latter sold Al cox . 6lk, Reading l09H
y, Michigan Southern s0K. Cleveland and Pitts
burg SAX. Rock Island 9S1 Northwestern 2sK-
preferred 5Sh, Fort Wayne PIX y, Ohio and Missis-
sppi certificates 2sh y, Canton 81 4, Cumberland
45k, Quicksilver 526. Western Union Telegraph cox.
Afterwards the market remained dull bat firm, and Al
half past Ave New York Central quoted at 9sk Y,
Eric 61h - =, Reading 1O9,s u, Michigan southern
sok r. Cleveland AMI Pittsburg 81 u, Northwestern
2sH k-preferred 5Sx u, Fort Wayne ok q u,
Canton 81 u.
It reported that at the meeting Of the directors Of
che Erie Railway Company held yesterday its floating
debt stated to be 81 In addition to this the
company 10 understood TO be indebted to Of its drec
tors well known Wall street speculao to the extent OF
two millions 1t is represented that the company recently
made arrangement with the latter, under which il
hypohecated the thousand shares Of common
stock withdrawn from him when the lien was paid or
upon the occasion Of the company negotiating is last
loan In London. These added to the fourteen thous
and shares previously in his possession leaves him the
custodian Of the original twenty thousand shares
in addition 70 which he said to hold convertible bonds
security for the two millions advanced. The gen
eral impression is that the whole q part OF the
stock thus hypothecated has been thrown upon the
ket There has, however been over issue Of stock
The company, estimated. has expended for materials
and supplies during the past year three millions and
half to which adds from the construction account two
millions and . hail. making total OF six millions dis
bursod during the year. Tho company to its
reputation TO publish statement Of It, affairs as the
present junctufe when Wall street s full Of scandaous
reports regarding It's management. Nothing should be
ls TO inference that be satisfactorily explained
whore the differences 80 damaging.
The gold market opened strong at 1857 and advanced
steadily TO 1904 the closing quotation. Loans werc
made without interest," and Mt per cent for carry
ing On this day last year the range of the premium
was from 1899 70 1917 There export Of lfty-
hvs thousand dollars in specie to-day by tho steamer
Atlantic.
Petroleum and mining stocks we're dull and generally
lower Az ths rst board BennehoH Hun OIL oosed 15c
higher than - the Same time yesterday, Rocky Noun
tain AOc. Benneho Run loo. lower, New York and
Allegheny &c. unted sta,es a0c. Az The second board
Bennchof Run Oh ciosed 200 highet than = the
time yesterday. selling Al - 80 Smith Parmoles
1oc. lower, selling a 80 s.; Electric OIL sold a 81 IS
Clinton $780, Central - co. First National &C., on Creek
6yo., Benton 81 30, aunneli Gold soc.'
The regular and open stock boards the Petroleum an
Mining Exchange the Gold Board and the Produce Ex-
change agreed to adjourn business from this evening
till Saturday morning in respect TO the memory OF Gene
raj Scott. The Custom House and brreasury will also
be ooesd There will probably DO some little business
transacted IN the street tomorrow, nevertheless and
most Of the brokers' Offices and tho banks matter Of
course will be open.
Tho money market shows increasing ease, and
che rate for call loans 10 SIX per cent with
occasional exceptions upon government securities
At 1--WE. Tbs disbursements Of the Sub.Treasury
to-day wero very heavy, a. they inclrded
the redemption Of about millions Of the year
certificates of June July and August, upon which in
terest has ceased The discount line Is easy but
dull aud rss class commercial paper quoted at
per cent, and at long dates T.
In foreign exchange the transactions have been light
at yesterdays quotations-namey, l0sii for bank.
en bills England al sixty days, and ll0ys Ill at
three days Bills on Amsterdam nominal at ~ "a
on Hamburg S6Ts arr on Frankfort AZ. u, on Brc-
men so u on Paris at sixty days 5.13 5.11A three
days 5.01ls 5.0S'x. for Prussian thalers 73sx a.
Tho business at the Sub Treasury today wG a. fol-
lows
Total receipts to,osU,fO1
PaymenS... lbiossozg
halance sSozoi1o
For customs ....................... 4lsuO
toid notcs.. ......................... f<VV
New York stock Exchange.