The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1866-04-07
Financial and Commercial Matters
IN New York.

Financial and Commercial Matters
IN New York.
NEw YoEE, April 4.
The demand for money is more active,
owing TO the decreased volume Of sPecula-
tion Of the stock Exchange and the general
ACTIVITY IA trade circles. The business on
call today was nearly at per cent, and
this has now become the general rate. The
FoId market has been quiet ana steady TINS
evening At 27lsi2754. Railway specnla-
ton, alter the ] O'Clock session, continued
% run almost entirely on Mighlgan eoo'h .
ern, and the fluctuations were VICE ana
tr.ouent. The cash price was run up 10 IS,
which was the highest point OF the day. The
price for REGULAR stock was 90, ana seller
SIS. Reading showed more hrmness, and
Rock Island sold at Ito, eN. dividend, an
advance. The balance OF the market was
dull, and transactions on very limited
scale. Among the miscellaneous shares,
Western Union Telegraph and Mountain
Coal COMPANY were higher, the former sell
ling al saa5al. 7-sOs were 1909 Mlssou-
n e.. 62i. 5-20s. l04 Tennessee O., yes !;
California 1s, Gu0 Louisiana o. - Ken
lucky ts, "a Illinois loan, 81.
The Commercial says; The increasing ac-
tiyity ct the spring business IS producing
an enlarged demand tor money, which, con-
uectcd with the active demand from stock
Of interest.
Inis morning Z per cent is asked on call
loans. IN eNceptiouul cases q higher rate is
obtained. but the lower is the prevailing
quotation. The supply Of paper Is steadily
increased, aud the rate Of discount is cor
rospoudingly lower. Prime names are ssS
per cent, good, 10 per cent. Gold Is quiet.
The speculative transactions are limited,
though the indications are that the market
j. sull much overso.d. The rate on gold
loans IS easier: tbs price has ranged al IA
ais &c. The stock market, upon the whole
shows q loss Of strength compared with yes
terdsy. Operators nave become nervous
under spprchensions Of break 10 the cor
uer oi Michigan southern For TIE }no-
ment, the prevailing disposition Is 70 cell
The clique operations on Michigan South
err appear 10 have reached their culmina-
Jiou. The pressure Tor cash stock shows
that a large amount OF the short contracts
are maturing. During the morning cash
sales were made IS high as 30, but suisse
qucutly offers were made 90 sell on those
terms % yaag2, aud the ahfck closed weaker.
Al the Board the price rThged az go zas4
registered At Ssas4 seller s. The laie fall
10 EF4e has brought "a buyers, and the price
rose o. s5a., closing al rs. Reading ana
Clcaye and A Pittsburg are weaker and I
lower. kho1e Island isll Oh p. Fort /
Wayne, =. The Transactions an Govern
neut securities are more limited, but prices 4
are trim, except for 10 as, which are 2 4
lower. AZ The petroleum aud mining Board /
there IS areuepsl OF activity, aud especially 1
in gold stocks. Some OF tho cliques VITO
have been bearing stocks which they wish
70 buy Ia find that prices are advancing, in
,pitc VI their efl0Tts, and IN some OF The
leading stocks there is strong disposition
% buy on time. Atlsntie a Pacific is active.
opening az $50 and closing al AS Montana
was firm at rs, an advance o. IS.
The President Of the Board this morning
announced the failure OF Wilson, Tucker a
Co, aud Koch 4 Happen, members Of the
Board.
The Evening Post editorially says that {
during the past month Secretary McCullooh I
has secretly bought up and withdrawn from {