The New York herald., 1867-04-27
FINANCIAL AND COMMERCIAL.
FRIDAY, April 26-6P. N.


FRIDAY, April 2o-6PM
The specuiators in the gold who ran the price
up 70 142 on Wednesday 1t down TO l3s to-day al
though the aspect Of political affairs In Europe s IL any
thing, worse now than 1t then from which infer
that many Of those who were interested on the bull
side OF the market had sold out and are op-
Grating for . fall The Inconsistency OF those
who influence the course Of gold is plainly shown in
this instance. Strange to say, European press
despatch arrived although private kilograms said
70 have been received reporting consos at 81 and nve
twenties at COX = in London, and the rumor suf
hcient to induce large bear operations. After the
close Of the gold room cable telegram
was received reporting nvs-twenties at % in Lon
don, oonsols n 81 and cotton middlinss 10xd I'D
per pound, with an excited market No political
rumoss were circulated and the absence OF such news
was construed as favorable to fall Tho opening price
was 1874 and the highest point Of the day 1924 the
lowest being 138. The closing transactions were at
1857, and Afterwards ON tho street. l38 was bid
Tho large extent Of the outstanding "short"
interest was indicated BY tho active borrow
ing demand for coin, loans having bsen made
without interest," and at leAth 1-loth psr cent per
.disn. A vary large addition has been made 70 tho
.hort' intsrsat and the saddsn decline win probably
be followed by sudden RISE the habit Of tho spssua
tors being 10 run b extremes In either direction.
whether warranted by the fscts or not gold will rss
above $50 II the threatened war between France and
Prussia breaks out while should peace be preserved
there Is now only limited margin for decline left
The railway share market has shown firm upward
tendency, although It has received accession Of out
side support but aided by the abundance Of money the
professional operators disposed to take advantage to
some extent Of it's oversod condition They will be
likely 70 move with great caution however, for
some time to come, and meanwhile 1t Is not
,Su thaff fbov
make their appearance. Until then steady
be looked for. Money remains extremely easy at
per cent stock houses and balances loaned TO
the leading dealers in government securities, in me
instances at per cent, while first class commercial
paper discounted at 6a TX per cent the majority Of
transactions being at the legal rate. M
At the open board at ten O'Clock New York Central
sold At 97h; Erie, SIX; Reading, 102A; Michigan
Southern, COX; Cleveland and Pttsburg, 69k Is;
Rock Island, s7x; Northwestern, 32ss a X; do pre-
fsrred, 5s1< (b.s); Atlantic Mail, s9A.
At the first regular board the railway share market
was dnll but firm. Michigan Southern closed u lower
than at the same time yesterday, Cleveland and Pitts
burg X, Rock Island 4, Northwestern preferred y,
Atlantic Mail r. Northwestern x, Fort Wayne u, Mil
waukee and St. Paul preferred s. Ohio and Mississippi
certificates ~ Pacific Mail a. Western Union Telegraph
l. Government securities we're firm Coupon fve-
twenties Of 1865 advanced " new issue r. Fivetwen-
ties Of 1862 sold at 1929 . Missouri skies advanced
u. Tennessee skies declined l, new issue q.
At the O'Clock open board the market was strong
New York Central sold at Ok H; Erie, 6S1S; Read
ing 102h; Michigan Southern, 66X 81; Cleveland and
Pittsburg 69H (b3); Rock Island, SIX ssH; North
western, 1914 y; do preferred, 5SK Fort Wayne,
ssX; Pacific Mail, 1884 ss; Western Union Telegraph,
So,I.
At the halfpast two regular board there further
improvement in prices. New York Central closed Il
higher. Erie u, Reading u, Michigan Southern X,
Cleveland and Pittsburg ", Rock Island r. Northwest
q, do. preferred 81 Cumberland " Western Union
Telegraph u. Government securities were firm. Coupon
nvewentics Of 1862 and 1866 advanced u. Tennessee
skies (new, advanced Il. Missouri skies declined ~
At the hafpast three open board the market was
very firm, especially for Erie. New York Central sold
n 07x x Erie, 5s1; Reading, 1925; Michigan
Southern 81 IS; Cleveland and PittsburR, 70; Glove
land and Toledo, l12 e. CO.,; Rock Island, $50; North
western. 49, do preferred, SO III Fort Wayne, eSH;
western Union Telegraph, ssx; Marposa preferred
2oX Subsequently Erie to 5oK, and at quarter
20 SIX the market was firm at the following quotations.
New York Central, 97X es; Erie, 6ok "; Read
tns, 102x Y; Michigan Southern, o8K u; Cleve-
Hand and Pittsburg 70Aa II; Rock Island, ssK X;
Fort Wayne, 9sx X; Northwestern SsX Y; do.
preferred, 5ox . X; Western Union Telegraph. 39x
Pacific Mail, 12oK $50.
Government securities arm at the Close Of busi-
nss, and quoted thus:-Registered, 1881, 1ooK . K;
coupon, 1881, losx y; 20 registered. 1892 lolH
l0sx; $40 coupon, 1884. 1oSs Y; 1o4o do, eSx .
X; August Z30, 1865 III juno 7.So, 1861 Y;
July Lao, 1861 AK.
the election Of officers Of the open board for tho
suinr wear resulted a. follows:President, J. L. Brown
ell; First Vice President, George Henriques; Second
Vice President, n. 8. Maror; Treasurer, William NJ.
Parks; Secretary, A. v. B. Van Dyck Assistant Secre-
cary, Z r. Goodwin; Roll Keeper, W. B. Bishop.
The foreign exchange market dull but steady and
At the close OF business bankers bills England Il
SIXTY days were quoted At lO9x . y; at three days,
li0x y; commercial bills los 100; francs at sixty
days. 622k SIS; at three days, 615 l2k; bills on
Berlin. 7oJs TAX: on Bremen, 7sh 7oK; on Frank.
fort, 40I 41K; on Amsterdam, 40z 41H; on Ham
burg, 355S 385S; ON Antwerp, 5.221k a6.15
II is semioficiay announced that the three per cent
temporary loan certificates authorized by the Thirty
ninth Congress In redemption Of compound interest
notes will be ready for delivery before the end Of May
whom they will be issued through the subTrsasury in
this oity.
There some discussion Of the rights Of the holder
f ssvsn-thiry notes going on, some claiming that they
can demand in conversion nve-tweny bonds, having
twenty years TO run from the date Of conversion,
whereas this mot the they BY referring
70 The ndoresmsnt Of each note which reads thus
A. maturity convertible, at the option o. the holder,
into bonds redeomabe af the pleasure Of the govern
nsu 81 any time after i've years, and payable twenty
yean from the 18th Of August 1897 with interest q
six per cent per annu, payable semiannuaily, In con
Here IL is distinctly stated that the notes
vsribe into nve.twsnty bonds TN the date Of their
tursy pending which the Treasury has the option Of
making whatever terms II with the holders Of the
notes At present Il onsn 70 buy for cash the Angus
notes at iooK, 70 exchange them for bonda
after adjusting The interest ON both in currency.