The New York herald., 1867-05-01
FINANCIAL AND COMMERCIAL

The railway share market continues strong and ak
cited and not few OF those who were recently ranked
among the bears are now numbered with the bulls The
chief activity Is at present confined Erie in which
there is very active movement going forward,
intended to surprise and twist the "shortsn
the speculative director Of the being rumored
the presiding genius this occasion Thus far many
OF the bears in the stock appear have resisted up
ward course BY selling more but their success doubt
ful while money remains easy, and loans
made freely TO stock houses q s 20 per cent,
with the majority Of transactions at the lower
rate Tho sharp upward turn OF the last
few days has astonished the street. and the general
inquiry is "Win lastf" Just there high pres
sure Of steam being brought upon Ere and this
stock is leading the market, and much. therefore,
depends upon its immediate the OF the
other speculative stocks With prices and money
% easy, however, It s probable that further
rise awaits the market although it has but little outside
support as yet and the bulls Of last nearly
al poor. The supply Of first class commercial paper is
moderate and In demand At per cent with excep
dona transactions at half per below this rate
At tho ten o'clock open board railway shares were
nrm New York Central sold at 9SA; Erie, cox
c1X; Hudson, %; Reading, 1o3k u; Michigan South
srn, essS s.; Cleveland and Pttsburg, 72; Rock
Island, 50 \; Northwestern S5H s.; do. preferred,
cox elK; Fort Wayne, OAK a5; Marposa preferred,
2ox.
Al the nrst regular board the market was strong,
especially Tor Erie which advanced on the second call
70 o2K New York Central closed higher than at the
same time yesterday. Erie ~, Hudson lX, Michigan
Southern u, Rock Island Il, Northwestern *. do. pre-
ferred H Fort Wayne " Atlantic Mail Y, Cumberland
J. Reading was u lower Milwaukee and st. Paul pre-
ferred u. Government securities were dull but firm.
Coupon SKIES Of 1881 advanced M hve-twentes Of 1862
y, Issue Of 1885 u. Tennessee SKIES Of the issue
civ
At the one o'clock open board the market active
and strong New York Central sold at 9sA; Erie, 62H
*; HUDSON, 96X; Reading loSss; Toledo, Wabash
and Western, SO; Michigan Southern, 80 " Illinois
Central, lax; Cleveland and Pittsburg, 727s 73Z;
Rock Island. S9H q s.; Northwestern. 35Z q T; do.
preferred, 6I1 u; Fort Wayne, o5H; Milwaukee and
81. Paul preferred, 56z Western Union Telegraph. SoA
40; Mariposa preferred, 2oH; Ohio and Mississippi
Certificates, 24k a r.; Pacific Mail, 12SA.
At the half past two regular board the market was
ouoyant in tone New York Central closed u higher
han 1t the FIRST regular board, Erie 1K, Reading x,
Michigan Southern I, Cleveland and Pittsburg u, Rock
Island y, Northwestern Il, do preferred n, Fort
Wayne e, Milwaukee and St. Paul preferred u, Pacific
Natl ~ Atlantic Mail Ia. Government securities were
irm Coupon skies Of 1881 advanced u, hve.twentes
1 1852 r. Tennessee skies declined u, Missouri skies
<. Tennessee skies Of the advanced r.
At the hafpas three open board the market
sctive fractional decline New York Central sold
u ssx X; Erie 6s4 Reading. 104 % 81; Michigan
southern. 6oH Illinois Central, ia l1414; Cleveland
and Pittsburg, 70 q u; Rock Island, soK AZ; Fort
Wayne, e5 95J<; Northwestern, 35x x; do. pre-
srred e1X; Atlantic Kai 90; Mariposa preferred 2ok
*; Western Union Telegraph, 40 a 4on; Ohio and
Mississippi certificates 2454. Subsequently Erie
buoyans and excited and to 65K, and At quarter
10 six the market was firm at the following quota
sions:-New York Central, ssal q; Erie, Oak Ak;
Reading, 104 Y; Michigan Southern, COX y; Cleve
land and Pitssburg. 7sj@ 4; Rock Island, Sox u:
Fort Wayne, 05K x; Northwestern, s5x q SO; do.
preferred, SIX 62H Pacific Mail, 12S u; Atlantic
Nail, % 95; Western Union Telegraph, 40 Y; Ohio
and Mississippi certificates, 24HaA.
Government securities nrm at the close OF bus-
ness at the following quotations -Regstered 1884, Ito
l10k; coupon, 1881, 1lok lloX; $40 registered,
1862 1O5k I05A; $40 coupon, 1854, 100 109tz; do
'02 l1lk q; 1910 coupons, 9sa4 co. August 7S0,
losx X; juno 7-so, 1ssX Y; July 7so. 1861 . n
The gold market has been rather heavy and free from
excitement The earliest transactions wore at 1861,
from which point tbSre general decline 70 135 ~
the closing quotaaon. There fair borrowing do
and for coin, with the rates In favor OF tho lender
Tho disbursement, Of the semi-annual interest the
nve-twenty ioar will commence tomorrow, but tho
effect of this sppeas have been already discounted
The amount Of interest duo impossible 70 state,
owing TO periodical returns Of tho national debt in
Guiding the whole Of the five twenes q single item,
vhich was on the 1st Of April $3.50 00o From this
to be deducted the total OF the fvc-twensy bonds
earring interest payable at other periods before we can
scerain tho aggregate Of the old issues outstanding
however estimated ut the Sub Treasury that the in
crest now maturing aggregates between twenty-sour
nd twenty-five millions. The cable telegram received
bout noon saying that the silence OF Prussia on the
nxemburg question, creating considerable uneas-
ess in Paris failed produce the slightest effect upon
10 premium, the experience OF last week being stil
esh in the public mind 1t may be reasonably assumed
lat before and during the meeting tn Peace Congress
mors will fy through the Gold Room as 'thick as
aves In vaambrosa" relative to its nnal action Ono
there will be disagreement and the next everything
II have been amcabiy adjusted, and meanwhile those
receipt of s'eariy intelligence viii have proned by
yatevcr fluctuations the may create. IL requires
be understood, however, that tine speculative
rnGuvrcs OF the principal gold operators can produce
w very transient disturbance OF those
Inches Of trade affected by the OF the premium
q commercial men will do well not 10 be Influenced by
tspasmodc action Of gold excited market any
no than they would be by the eccenrcities Of Erie
tsday changes Of gold room opinion, especially among
sse who receive 'private teegrams," and who at the
se time are manipulating the market for nve-twentes
iSondon and Frankfort and gifted with that pecu-
Iiforesight which can one day and peace the
n
be foreign Exchange market was steady Bankers
b on England ut sixty days quoted at the close
at9x u; at three days, 11o;s r.; Commercial
bl 1osz 109k; Francs al sixty days 5,l6x
Sk; at three days. $40 six; bills on Berlin, Tx
/. X; on Bremen 7sK q 70; on Frankfort, 81 . az;
onmsierdam. 4ox az; on Hamburg, 90 se,s;
ountwerp, $40 5,17k
hing shares were hrm. At the first board Alameda
sir closed 1oc hcher than at the second board yester
daselling al 50 rs; Corydon 2oc. selling at 81 40;
CoAban Cold and Silver &C., selling at 80 90 Al the
seo board Corydon closed 25c lower than al the st
bot selling at 81 Is; Columbian Gold and Silver
&C. ghcr selling at So IS Smith and Parmsse sold 81
"a Quartz HILL 81 TO-
Twai street branch OF the shoe and Leather Bank
viii Is announced, be closed tomorrow. The action