The New York herald., 1866-01-30
FINANCIAL AND CONNER cIAL.

MospAy Jan 29-6P NJ
The stock market opened without recovery from the
of Saturday evening and al the early sess On
of tho omen board New York Central sofa Ut Si' Eric
so,~. =, u,dson River 100 Reading 9sss. Michigan
Southern 6sk, Cleveland ana r"'souis 20 . y, nooA
tond os Northwestern % 274, preferred 54i< Fort
gyne o. schuyIkl Coal le At the first regular board
,ho tome Of the market bearish, but prices
fraction higher New York Central closed q lower than
=, the past board Saturday, Erie "a, Read
ing Y, Michigan Southern " Cleveland and Pittsburg
l. Illinois Central IL, Northwestern u, preferred 4,
Rock Island l, Fort Wayne u Quicksilver Y. Govern
men securities steady, excepting coupon ten for
ties, which declined y.
At the o'clock sessions there no material
change In quotations. but the market a shade lrmer
AT the second board 1t indicated undercurent Of
strength and closed steady. Michigan Southern
higher than at the first board Cleveland Pittsburg
~, Northwestern 4. Rock Island u, Quicksilver n.
New York Central closed lower Erie , Northwestern
preferred a. Fort Wayne u, Ohio and Mississippi cerA.
Gates H. Government securities were inactive. Seven
thirty of the second series were lower On the
street compound interest notes OF the December issue
were quoted at l04x.
At the half past three open board the market was
fraction lower. New York Central closed at
91H, Erie s0H, Reading 9Sh, Michigan Southern
esx Cleveland and Pittsburg 7sX, Rock Island
(s3) esH Northwestern 27X, preferred (b.3) 53x,
Fort Wayne 931S, Quicksilver 40 Afterwards the
market closed moderately firm. At halfpast five
O'Clock Cleveland and Pittsburg quoted at 7s>l
79H. Northwestern FIX 27x, Rock Island 9SX 9SH,
Fort Wayne sa14 sS11, Reading 9sK 9sH, New York
Central s1A 9lh, Erie s0z s0T. The latter has
been sold short" largely under OF return OF
the stock from England for sale here but they had
very slender foundation in fact and for every share
returned at least ten have been sold by the bears.
The money market continues easy at six per cent but
the exceptions at five fewer on railway colateras
although the latter is the rate
There is fairly active business dong in discounts and
the best grade of passes per and the
second at TO- The bank statement for the week past
indicates the flow Of temporary deposits into the Sub
Treasury whi has swecd its balance to the unusually
largo sum Of s91 $685. The deposits show decrease
mainly owing to this cause of So 1914 and the legal
tender notes Of nearly two millions half Tie loans
have increased more than million owing to the activity
of the discount line and purchases Of sevenhty notes
and other securities, all the government stocks held by
the banks being included in their loan returns The
increase Of nearly half million in circulation s almost
entirely due TO issues of national bank currency
The important decrease of 25s613 specie can only
be attributed to Withdrawals for the payment Of
customs duties, the receipts for which aggregated
thousand dollars last week. The statement al
though showing these changes, is not calculated
to check disposition which may exist to operate
rise on the Stock Exchange. the supply OF capital
seeking investment here is still largely in Of the
demand and the fact that temporary deposits being
made freely in the Sub Treasury indicates confidence
the part of lenders in the continuance OF the present
monetary At the West the supply Of money is re-
ported to be equal to the demand.
1t Is noticeable that the apprehensous concerning the
new Finance bill dying out under the be-
lief, which Is gaining ground, that the House
Committee Of Ways and Means will substitute
specific for the indefinite ones contained In the
bill In Its original FORM and that when the new bill is
reported weight which has kept the stock market
down will be removed and hopeful feeling In.
duced At the time the bull interest has con.
tend with the absence Of outside support Speculation
10 almost entirely confined 70 railway stocks;
and the absence Of variety In the kinds Of securi-
ties dealt in tends to limit the volume Of com
mission business. The system of calling stocks at
each session Of tho board concentrates attention upon
and confines activity those stocks most dealt I'M and
there s little opportunity afforded for dealing In city
bank and insurance and other miscellaneous shares
value Of which be correctly and quickly
ained than those Of railways II stocks we're not called
the board tho business Of the members would be
trbuted wider range Of securities and they could
divide into groups each Market for particular classes
OF Investments With than eighty millions Of city
banking and thirty Of insurance stocks surprising
thoy should be almost entirely neglected n Wall street.
The gold market opened firm at 1391 and, after re-
codng ~ advanced 10 l40i and closed at 140H There
brisk demand for loans, which made at 3 81
Ak per per day in favor of the lender Of the coin
Foreign exchange rather fiat at the closing Of
last week. The large amount Of specie and other pro
bta x,~,