The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-02-20
FINANCIAL AND coMMERc'AL
MONDAY, Feb ls-sP. n.

MONDAY, Feb 19-8P n
iras .sock market opened strong this morning at
advance upon the closing prices Saturday but at tho
regular board and subsequently the bears vigorously
oiled IL with their options under which prices yielded
Afterwards, however, they experienced recovery.
At the early session Of the open board the chief
tviy confined to Erie saies 200 sharss and Michi
gan Southern (sales s,soob The former sold at SIX
sax, and the latter at Tx TX. New York Central
(sales Soo) ssK, Reading tsales 5000 1o2K lo2H,
Cleveland and Pittsburg slx SIX, Northwestern
2ox, preferred 6ox Fort Wayne (sales S0o e6x
At the hrst regular board Erie (sales s20o New York
Central (saes 1o6o Fort Wayne (saes 125o and Read
ing tsales 500 the most largely dealt In Of tho
railway sharea The movement in New York Central Is
based upon pending legislation a. Albany Prices de-
olinsd the call and Erie closed " higher than at the
halfpast two board Saturday, Northwestern " pre-
fsrrsd u Ohio and Mississippi certificates y, Cumber
land y. Quicksilver and Atlantic Mail were steady
New York Central was x lower, Reading u, Michigan
Southern u, Cleveland and Pittsburg X. Rock Island
X, Fort Wayne u. Pacific Mall sold ct 2os
Butler Coal (b10) 1871 Government securities were In
active but steady After the call there further de-
clins bat q the ons o'clock sssssus The asket WAS
stesdy ana active the transactions in Michigan South
ern q the regular and open boards aggregated $500
shares, Now York Central $780, Eric 1900 Reading
1000 At tho halfpast two board hcre was more hrm-
meas shown and prices recovered New York Central
closed higher than at the FIRST regular board Erie
Reading was q lower Michigan Southern u, North
Western u, preferred X. Rock Island u, Fort Wayne ~,
Atlantic Mail l. Pacific Mail sold 200 scrip 190 There
was no transaction In government gold stocks Seven
thirty notes Of the second series declined y.
At the open board q halrpsst three the market
on the whole steady. New York Central sold at o25S,
Erie s1x Reading 101H Michigan Southern Is 81 170k,
Cleveland and Pttsburg sO, Rock Island 1861, North
western 2SK, preferred 55X, Canton Company AK,
Schuylkill Coal 1sH.
The money market has been easy under an increased
volume OF business six per cent for call oans with
exceptions Eve. In the discount line there Is very
little activity. First class commercial paper passes at
the legal More discrimination Is, however, observ
able with regard to connected with cotton
lures The bank statement shows no impor
tant change. except in q decrease Of s3,63 ,o33
in legal tenders consequent upon their absorption by
the subTreasury in exchange for gold recently sold by
the government Under the influence OF this the bal
ance in the SubTreasurers hands has again rsen and
this afternoon 1t stands s97 958 The rest of the
statement is favorable to continued monetary and
low rate Of interest The deposits having incrs ased
SLOTS s27 and the circulation, mainly owing to the
issue Of new national bank notes. $742 sos. Tho loans
have increased only s459,3S0.
The gold market opened weak at 1877. under exaggc-
rated Of sales by the government but after de-
cning Il, 1t advanced 4, and closed dull at 1919 u.
Coin abundant for delivery, and loans were made
without interest and at per cent in favor OF the bor
rover.
The foreign exchange market has shown increased
strength and leading bankers unwilling to draw
bills on England under 1854 y. There are no cotton
and very few commercial bills Offering and at tho close
of the day there much stronger disposition to buy
than 10 soil manifested The news by the Europa re-
ports further increase Of f04 $50 the bullion in the
Bank of England, which is against the probability Of
further increase in the rate of discount ia
The following table shows tho aggregates Of the hast
weekly statement of the New York associated banks
compared with the returns Of the prayious Week:-