The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-05-16
: FINANCIAL AND COMMERC IAL
WEDNESDAY, Nay l5-oP.N.


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WEDNESDAY, May l5-oPM.
The railway share market was arm but yerv dun to
lay. neither the bulls the bears being apparently
,old enough to pit their strength AGAINST The opposite
de- This fact, however, that prices fail 20 yield ma
orally II at all under much sagnation, which Ia Of
tse ssiLg, Coca to show thai their tendency in
/ he midst OF activity would be upward. and the
prospect Is really favorable to q brisk summer
pecuation, although the speculative element seems
be ~ yet confined TO one section or the street.
ioney c'nunues very abundant and there IL no
mango 20 note in the rates Of interest," the leading
callers IN government securities being well supplied 1T
our and stock houses generally at Ave, per cent while
rs' Class commercial paper Is In demand and passes
per ceaL The Indications are that this easy condi-
ion Of moaetary affairs will DO maintained as this CEN
70 unsil mesh dram Of currency westward ssts In late
the fall Of the year A rumor Of failure In the dry
GODS tsAds Yesterday Is In circulation and another d
to the extent Of about 500 900 on the part Of
le teller % Broadway bank These coupled with The
scent cotton failures and the troubled aspect Of financial
fairs q New Orleans served 10 point moral u NOT
dorm tale In the hands OF the bears on the Stock Ex-
hange; but they exersed psrcepbls influence upon
10 maskss and although merchants and men In nearly
MY branch Of buiiaess are known TO have lost IN
lAny iussaaces more than they have made for year
asst noss hopeful feeling y gradually spriusisg up
nd better times win probably soon succeed the pre-
'ngsd depression We have experienced 1870
The fsisxe Of the First National Bank and the City
ssonal Bank At New Orleans together with the clos
Irs Of the Treasury there has bean topic Of
ersaiin "a the street. Il ID reported that shere ID
scrspsncS Of 81 in the accounts OF the Sub
easurs and the fact that the latter was also Presi
ent Of the First National Bank connects the two IN
MEASURE and hence the seizure or both by orders
ON washington Tho Sab Treasurer, Il Is stated, has
ado .. assignment d his effects, valued Il million
I'd qsarter Of dollars to the government; but
~ far shis assignment may reimburse the Treasury
mains - b ssen Meanwhile the question arises
Itg The Secretary OF the Treasury allowed the Sub.
| sasursr = Nsw Orleans 70 b Prssidsnt Of .
aionai bank there, and Why, too, clossr
| psrvssoa - his accounts wls not observed The
ct q the bank n this city b the Fourth National
NIX but Il has also special agent who was once It's
esidsak Il 10 reported that the bank lost 100000
me siuAs . BY forged bills and the return Of cotton
cepeanscs but the suspension not attributed to this
suppsufsisa being that It's managers have diverted
fu3da ffsa their proper channel Tor speculative pur
seA rhis was suspected hero some months ago, and
bills havs Atsriy bsen 1t discount We arc a. YET
thsat tAs particulars OF this Affair." but Il looks q
'ugh - vsrst suspicious wers likely 70 BE- realized
;ardinG \.
~ ts1 20 ocleok Session OF tho open board railway
ares werc dull New York Central sold ct ON; Erie,
x; HsAsss, le2k; Reading, losx; Michigan South
p ssk e; Rock Island, sex; North western, 81
fssfsvrsd eo,S Vi Ohio and Mississippi certificates
|; Western Union Telegraph, lSK.
AZ the ot regular board the market was barely steady
without animation. New York Central closed Y
ssr shau - The same time yesterday Erie y. Hudson
Michigan Southern y, Cleveland and Pittsburg ~
lck Island q, Northwestern X, do. preferred IL
wankss and 81 Paul preferred y, Pacific Mall r.
vsrnment securities inactive but steady Coupon
e-swensies Of 1862 advanced 4. Missouri SKIES were
higher and Tennessee s,xes Y lower - e
Az the ess o'clock open board the markes remained
II and prices declined fraction New Fork Central
q 81 =; Erie cas-, Hudson, l0ik; Reading losx
chigaa ssothern, 67k; Cleveland and PitlsbusS,
x; Rock Island. $50; Northwestern, sl,l AS; do.
'fsrrsd, *: Pacific Nail, 12sK. M
~ the Aakpas two regular board prices we're ftac-
higher Erie closed higher than u the nrst rsgu-
y sd, Cleveland md Pitsssurg Y, Rock Island ",
1thwssaera prsfsred y, Ohio and Mississppi Certi-
tss - Hadscu River was y lower. Pacific Nail x.
rsrnmenl securities were steady but inactive. Mis-
pri skies advanced Y, Tennessee s.xss y. -
q the kal-past thrss open board New York Central
q 974; Reading, 1885,; Michigan Southern, o7X
lo; Cleveland and Pittsburs, 7sX Rock Island, seK;
rthwestrrz, 3lT; do preferred cox; western Union
eGsspt, az. During the ress Of the afternoon the
rst srm in tone but extremely dull, and at half
i've vhs subjoinsd quotations were current Now
r. Csaini e7K X; Erie. - y; Reading.
* =; Michigan uthern, ozX o.; Cleveland
J Pittsburg, tax "a; Rock Island, sok e; Fort
yss ssk 81; Northwestern, IS n; do preferred.
kaH.
3overansas securities were steady Il the close Of
sinsss tine following quotations:-lsSl coupon,
X Ak. 10 rsgisterod, l11K X; $40 coupon, 1881,
\: ia, 1894 l055l y; do, 1895, 1o6K x;
new rss~s, 1917 los; 1o-lo coupon, s9K y;
10 nosss nrst series, I00s< e; $40 notes. second
riss 1854 Y; $40 notes, third SERIES l05k . e.
Todd rv,nans nrm, owing to the commercial conditions
ectisg IL aud which at present leading to IT, ex-
n, the shipment BY the Persia to-day having
counted 10 81, $40, sos, Notwithstanding which the
N, juss arrived, brought half million Of francs in
pci~. he price advanced from 1861 early In the
eA ssn u, and the closing transactions were at
b5 Laans werc made without interest, and alta per
n in favor Of the borrower The gross clsarings At
Gold Exchange Bans'aggresated ss4 2o5 900, and the
ID balances s2,27o, 600
The foreign exchange market has been quiet but firm.
mixers bs on England At sixty days were quoted Al
p& Il; II three days 1lOsS u; commercial bills,
~ Ioe "; francs At SIXTY days, 6.lsx aSi3k; at
res dsys Sis b.Ic1; bills on Berlin, TAX V; on
,pen bsk 7eK; on Frankfort, Il . an; on Am
Irdam n az; on Hamburg, 30k 36k; on Ant
~. Algyss.lsk. 6 N
me sass& or shs pacific settlement Of the Luxembourg
es,ios ana he extreme abundance Of money In the
nSen mkss o. seen In the advance Of consols TO e2x
V qxssssssss Tor these and American securities we're
under q ~ dates msntioned:-
Naya Nay 10. kdy1s.
lpsss. .,.................s ix g ssx
bked ssass S-2os..........I e q I2x
~. .@s.. .......s..s..s 10 10 ia
ifsss Ceasral .............. 75L 76ts 70k
Mnas sarss were unsettled AZ the nrst board Cory
N csss4 ~ lower than At the same time yssterday,
fling 81 20: Quartz Hill loc, selling q u 90; Con-
sbdssed Gscsosy Gold 3oc, selling q a. A. the
csad board Corydon closed loc. higher than II the
board sailing q u 70, Quartz Hin 1oc, selling at
a. e