The New York herald., 1867-01-31
FINANCIAL AND COMMERCIAL.
WEDNESDAY. Jan. 30-6 p. N.

exclusion Of the Superintendent and other employees
she Printing Bureau from the Treasury building while
an Investigation into Its AFFAIRS vas ordered would seem
% indicate. Moreover the fact that duplicate
securities are known 70 have been printed
" suspicious, and the explanation Of
she Superintendent that the numbering machine was out
Of order and repeated the numbers s the reverse Of
satisfactory With such unlimited facilities for psoua-
ton and obbery during and since the war which certain
Treasury officials have enjoyed disclosures Of what
they may have done would occasion much surprise
among those who know'them best Il 10 70 be hoped
that the investigation being made will be thorough
and that the results however damaging they may be 70
individuals will be made fully public. After touching
1881 the market reacted slowly but steadily 70 134x
and the closing transactions as 18lx y. Loans
made without interest and at per cent for car
rying e
The new gold bill passed by the House, having been
rejected by the Finance Committee Of the sena,e Con-
sress shoud Immediately amend the act authorizing the
Secretary Of the Treasury TO sell goid by providing
thai no sales Of gold belonging to the govern
ment shall be made, either publicly or privately
and that the amount in the Treasury together with all
future receipts from customs, shall be boarded This
will put stop TO the Treasury jobbery in connection
with secret gold sales which has long been q public
scandal, and materially strengthen confidence in the
public credit both at home and abroad With three or
four hundred millions of coin in the Treasury legal
tender notes would be nearly equal to gold and our ma
tonai securities would be enhanced value accordingly
and the annual gold crop would be sufficient 10 meet the
wants Of commerce who this accumulation was going
forward.
The stock market has undergone further improvement
and confidence the stability Of prices is gradually
reviying. With excepton-that Of Birch, Murray
Co.-there have been new failures reported The
banks, however, still observe great caution
In granting l0ans and both names securities
and margins are closely scrutinized The general rate
for loans returnabe on demand is per cent but the
leading dealers in government securities borrow at
6a6per cent, showing that the supply of money Is
abundant and that confidence alone necessary to enable
borrowers In general to obtain accommodation the
usual margna Meanwhile brokers are necessarily COM
PEELED TO limit their business both for this
she ndisposon OF the banks to certify checks beyond
the actual balance to the credit Of the good
deal OF this disust occasioned by the overdat OF
A. J. Meyer Co. upon the Bank Of North America, and
the expulsion Of Mr.. Meyer and his partner from the
open board s regarded with satisfaction and honorable
10 the board There reluctance shown 70 discount
commercial paper and the best grade passes per
cent the amount Offering. however, being very limited
The mercantile community awaiting the action OF
Congress upon the currency question and the tariff and
considering the importance Of these matters IL Ii sur
prisng that they make no effort to bring their views
20 bear upon the peoples at Washington
whose diIaornsss dealing with the finances has JUS
uaed IN exhibition Of impatience fhcir part The
further contraction of the currency shouid be stopped
md the Is at all times allowed to regulate itself
tho better The tariff and the internal revenue taxes
both need reduction, as At present they burden
upon The people too heavy TO be much longer snuursd
without loud complaint 8t
Al the ten O'Clock session Of the open board railway
shares were nrm ct the closing prices Of last
evening, and Afterwards In tho lower hall OF
tho Stock Exchange they improved At the hrst
regular board the market continued firm, with
IN advancing tendency. New York Central closed AZ
higher than at the same tune yesterday, Eric 1X,
Reading ~, Michigan Central IN, Michigan Southern
~, Illinois Central lIS, Cleveland and Pittsburg ~,
Rock Island 1H. Northwestern -1s-preferred 8. Fort
wayne e, Ohio and Mississippi certificates 1H, Pacific
Mail T. Atlantic Mail 4. Canton 2, Marposa preferred
{ western Union Telegraph V. Government securities
ympathised with the advance gold and tho general
market Coupon nvstwenties Of 1885, OF the new ssIe
wers higher seven-thrty notes OF the second series
r. North Carolina SKIES Of the issue advanced 1.
tennessee SKIES of the new issue 3x. Az the one
o'clock open board the market was Hrmer than imme-
dssey after the CALL when sght reaction took pacs
New York Central sold at esk 90; Erie, S5X; Read
ing, 1885, l03t Cleveland and Pittsburg, 77K Tx
Michigan Southern. TON 7oX; Rock Island. o4k NJ
Northwestern, 35,s-preferred, 81 62x; Fort Wayne
sSX
arm, with well distributed business New York Gen.
sra closed x lower than at the first regular board Rock
Island Y, Northwestern y, Canton IL. Erie was
x higher Reading x, Michigan Central ~ Michigan
Southern y, Illinois Central ~ Fort Wayne y, Ohio
and Mississippi certificates V, Atlantic Mail !, Pacific
Mail e. Government securities were dull but frm, and
coupon Of the issue Of 1855 showed an
advance Of " Tennessee skies Of the new issue were
~ higher At the open board At half past three Tho
market was steady. New York Central sold at ooss,
Erie, cox u: Hudson, 125; Reading, lo3T n; Mchi-
gan Central l07; Michigan Southern epx n Cleveland
md Pttsburg 77x 'st< Rock Isand "a; Northwestern.
slx; 49, preferred, 90 . O.; Ohio and Aisss-
sppi certificates "a Mariposa preferred, a. subse-
ausnNy prices yielded sIghty, and the market closed
without much animation 81 tho following quotaiions:-
New York Ccutral. 9S,i 90 Eric, SAX X; Michigan
Central, lo7; Michigan southern, oex y; Illinois
Central, 113,s n; Cleveland and Pittsburg, Tx ";
Rock Island, e3k Ak; Fort Wayne, osk y; North
western. 34k x-prcferrcd 62A "; Western Union
Telegraph ASK a. Compound interest notes were
quoted thus by the dealers June, 1854, Ill 111k
July, 11e,S . x; August, lie 11ok; October 1l5 .
l15x; December, ia ll4jl; May, 1885, 111X 112x
August, 11Ok Ill; September, 110x Y; October,
1l0k Ak.
There nothing done In the foreign exchange market
for Saturdays steamers and the bcst bsnksss' bills
London at sixty days nominay 1854 100. Bank
srs bills England SIXTY days quoted a the
close at l0ex 1os; ut three days, looK 1oe1
commercial bills 1oI 1os francs Al sixty days Is
$50; at three days. 612X a615; bills % Berlin u .
TN; on Bremen. 1sx 7oz; on Frankfort Alk .
ak; on Amsterdam, Az l1x; on HAMBURG ssx .
ssk: On Antwerp $40 A15s.
American securities and consos are frm IN London,
a the following quotations win show
jan Is. INN. a. JAN 50
Cons0B. 80 Wv-is
q. s. Five-twenties. ......IxN Ix1 ISk
"a 80
Illinois Central. ...6lM o. oSH
The mining share market was quiet and generally
A. -. A.. -. "a r,~vaoo closad asc lovov