The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-01-04
FINANCIAL AND CONNER GAL.

FINANCIAL AND CONNER GAL.
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WEDNESDAY Jan SOP. NJ
The stock market has been somewhat unsettled to-day,
owing fresh attempt of some Of the bears to hammer
the Market and disposition on the part OF few OF the
bulls 10 encourage an increase the outstanding "short
interest Towards the close OF the afternoon, however,
more buoysnt speculative feeling was manifested, and
prices were ascendant AT The early session OF the
open board New York Central closed at e7s Erie 96H,
Reading LOT, Michigan Southern 75H, Cleveland
and Pittsburg s54 Cleveland and Toledo lis. North
western 3sS, preferred e2k, Fort Wayne 104,
Cumberland Is, schuylkl Coal l47s, Ohio and
Mississippi certificates 2sH At the nrst regular board
New York Central closed lower than at the hafpast
two board yesterday, Erie ~ Reading u, Michigan
Southern n, Cleveland and Ptsburg y, Northwestern ~
preferred " Rock Island u, Fort Wayne u. Maiiposa
preferred sold OF l9k. Government securities were
fraction lower Coupon skies OF 1881 declined q, AVE.
twentes Of the old issue ~ third issue ~ thirty
notes Of the second series q, third series y.
Al the one O'Clock session prices receded frac
ton further Erie sold at 96x seA, Michi-
gan Southern s5k, New York Central 97H. At the
half past two board the market was nrmer
New York Central closed lower than at the rst board
Erie u, Reading X, Michigan Southern H. Cleveland
ana Pittsbarg e. Northwestern y, Fort Wayne u.
Rock Island advanced NJ Government securities were
quiet c>,pon skies of 1881 higher, ssven.thrty
notes OF the ss.-ad series x.
The decline ana Subsequent improvement In Cleveland
and Pttsbnrg were due 10 saports from Cleveland
specting the progress Of the election which
suited in change OF the management OF the road with
out material opposition The early reports were
10 the effect that all the bonds Of the COM
pany would DO made convertible into stock,
and these had foundation In fact The new
but to develop the traffic and increase the earnings Of
the road as much as possible.
Al the halrpast three open board Now York Central
sold at s7, Erie 96S, Reading 1857, Michigan South
TAX, Cleveland and Pittsburg s4s, Rock Island
1883, Northwestern 35X, preferred 62< Ssh schuyl-
kill Coal is.
Afterwards on the street, the market stronger
and at hall past Eve O'Clock Erie quoted at O8L o.
Michigan Southern rs Il Cleveland and Ptsburg s4,s
Northwestern SO aS, preferred 81 Y, New York Gen.
trail OK a.
The gold market heavy under the increased sup
ply consequent upon the Disbursements Of the Sub
Treasury account Of the January coin interest," about
a million and quarter Of which paid out yesterday
and oday. Loans generally made fat. Tho open
ing price 144i4, followed by advance of and
subs quent steady decline 1881 the closing quota
ton.
Foreign exchange has been dull at yesterdays rates,
bankers bills at sixty days England being quoted at
100 a l001
The money market continues extremely easy al six
per cent with exceptions at five for large amounts The
OF capital seeking employment the increase,
and although prices much 10 er than they
year ago the deposits with the Clearing House banks
about forty millions larger than they then and the
loans about Thirty millions more, showing large expan
sion of business Much Of this is attributable TO the ad
mission of national banks to the association but the
dram Of currency in this recon is indicated by tho
steady increase OF legal tenders. The discount line
shows little change, Notwithstanding the large in
Of loanabe funds First class commercial paper
Is rated at per cent and the second grade at 10 IL
The monthly statement OF the public debt, as tola
graphed to-day shows an increase over that Of last
month Of so2e77o42 the total being so7 $40 $50,
against 2.7l4, 3i4 November 30 The figures
show decrease in the aud two notes Of twcnty
I've millions and ncr Of compound interest notes
to tho amount Of thirteen millions, making reduction
OF $ll $40 oiS In the circulation But looks II there
had been mistake in stating the amount Of the one and
two year outstanding Tho statement stands this
in comparison with It's immediate predecessor dated
November