The New York herald., 1867-04-17
FINANCIAL AND COMMERCIAL.

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TUESDAY, April 16-6P. N.
The stock market was unsettled during tho morning
and prices without recovery from the depression
OF last evening; but In the afternoon became nrmer
and closed with an improving tendency The pendency
Of the New York Central Fare bill in the Legislature
seemed 70 act a. damper upon speculation for rise
and when this out OF the way whatever its fate may
be- specuatos railway shares win breathe more freely
II is reported that the company regard The vetoed bill a.
lost and intend to Immediately prepare now one 70
the effect but limiting the time OF its operation 70
tvo years ana . half. which It is believed
win meet Governor Fenton's objections The ex-
treme ameness OF the speculative feeling the Stock
Exchange IL In view OF the abundance OF money, q
source Of surprise 10 many and may be almost entirely
attributed to the absence Of bull leadership owing TO
the heavy losses sustained by the bulls since October
last The necessary capital being wanting on the side OF
speculation for rise the bears have the game IN their
own hands to great extent but in proportion 70 the
severity Of the decline thus produced win be the force
OF the reaction. The sshort interest outstanding 70
large and moreover stocks cheap, considered as
investments. taa
Money has been extremely easy day at six and seven
per cent on mixed coatora and i've and six on gov
e-nmcnts the supply being considerably In excess Of the
demand, which light owing TO the dulness OF bus
ness the Stock Exchange. There was probably much
moro loaned at six per cent than at in Wall street.
In the discount line there is very little activity, and the
best grade Of commercial paper freely taken at sevon
per cent, with exceptional transactions at ok IN
The drain Of currency from all parts Of the country con-
nues to be in favor Of this CENTRE including the South
There was an important failure in the cotton trade an
nornced on the street late in the afternoon
At the early session OF the open board railway shares
were heavy New York Central sold a. 97z 9s; Erie
65lS; Reading 99,< u; Michigan Southern, 664 n;
Cleveland and Pittsburg 8s 6s11 Rock Island, s6A;
Northwestern, SIX 32 do preferred 50; Fort WAYNE.
olX q 90; Atlantic MAIL So; Western Union Telc-
graph, S6a x.
At the first regular board the market steady at thc
Decline the business being fairly distributed New York
Central closed 4 lower than at the time yesterday,
Erie TX, Reading q, Michigan Southern 2H, Iilnois
Central n Rock Island ia Northwestern Ia, do pre-
ferrcd IL, Fort Wayne S Milwaukee and ST. Paul pre-
ferred 1< Ohio and Mississippi certificates n, Pacific
Nail q Quicksilver "a, Western Union Telegraph 19s.
Government securities dull but steady in tone.
Coupon fvc-twcnties OF 1862 declined u, while the
issue OF 1854 advanced u. Tennessee skies were r.
lower Missouri skies a. North Carolina sixes new, a.
AT the one O'Clock orcn board there fractional
Improvement on a portion Of the lis New York Cen.
trail sold at 97S; Erie, 55h 'S Reading. s91 (s 81:
Michigan Southern s6s; Cleveland and Pittsburg 6s;
Rock Island, s6k; Northwestern 80 ~ do. preferred,
69,4 a; Fort Wayne, 92 n; Pacific Mail 12f; West
ern Union Telegraph, $685.
At the half past two regular board the market was
frmer and prices advanced New York Central closed
"a lower than q. the first board M!chigan Southern X
Ohio and Mississippi certificates y, Western Union Telc
graph Il. Eric S higher Reading n, Michigan
Southern a. Cleveland and Pittsburg 4, Northwestern
preferred y. Pacific Mail ~ Government securities
werc inactive bnt steady at tho morning prices
Al tho half past three opon board the market dull
but steady at the advance. New York Central sold at
e7s x; Eric, 55ss y; Reading, oe,s; Michigan
Southern, 674 Il; Cleveland and Pittsburg 6sK n; f;
Rock Island, s8x; Northwestern, 32k . n; do. pre-
fsrred, SOY; Fort wavne, sah x. subsequently
thcre was no change in the temper Of the
Market and at qua'ter to six o'clock 1t
was steady at the subioined quotations -
New York Central, 97s n; Erie, 5sK Il; Reading,
9aiS a x; Michigan Southern, 67H u; Cleveland and
Pittsburr esH 81 Rock Island, s6ls n; Fort Wayne,
o2E a Y; Northwestern, 32l4 u; do preferred, 69x
q II Pacific Mail, 124A 125; Atlantic Mall Ssti "a;
Ohio and Mississippi certificates, % u; Western Union
Telegraph 36h H Government scoun.ics were steady
but inactive at the close Of business and qnoed thus
Registered, 1881, 100 x; coupon, 1881, 1o9H y;
nve-twcnes, registered. 1852, 1031 1ot; hvetwenty
coupons, 1904 100 1osk; fve-twcnty coupons 1895,
1oss 4; tcn-foriies, registered, 97X 9s; August
seven-hirtes, 1o6 u Juno seven-thiric los, 1851 q;
July seven thrtics, 1854 X.
The gold market was steady and dull the range Of the
day having been from 134 at the opening to 1884, after
which IL reacted again 70 134 the closing quotation.
Loans were made without interest and 16i 364 per
cent per diem
by tho subTreasury and the balance outstanding on
SATURDAY. last arc thus statcd:-