The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-05-18
FINANCIAL AND CONNER GAL.
FRIDAY, Nay IY-sP n


FnrDAr, Nay iS-sRM
IN. railway share nsrrA was dun this moraing ct
cha decin. Of last evening but in the aftsrnooa t
eaiusd s.rsagth and closed n N at an advance The
esr are sim persistent and the bulls oer but feeble
resistance y their efforts % dsprs ces 80 that stocks
may be said 70 BE- resting on nsr own inertia
- volume Of business on accoN mt Of outside
buy~n il rather diminishing thai increasing,
end the public stands in fear OF railway sAuss owing
- their cratic movements regardless Of real N ues -
nell q the VIGOROUSLY corrupt Management Of mast Of
eur leading sawaya The professional stock spscdi,-
Gors and socktobbing railwa directors Of Wall street
have been doing their best for time past under
nius confidence in thsvAlus Of railway property and IL
they entirely succeed, and business on the Stock
Exchange dwindlss in consequence into insig-
nidoaat proportions there win b harm DONE and
great deal OF money which finds It's way from the
country ct large into the pockets a stock gamblers will
- likely to nnd better employment
The attempt 70 advance the rate Of interest for money
feturnaps on demand TO six per cent has
been partially successful the transactions at that
rate having been fewer than yesterday. At the
same time I'VE per general rate and loans
IRE still made government securities ct four. There
d disposition to put up the discount rate proper
e,onasely. and nrst class commercial paper u now
quoted At BK al, and the second grade At g.
-
latter reaching 3126, AOl 20 this evening and this
funds; but a. II TO- the amount Of money
Offering cali is in OF the requirements Of bcr
However. all the signs Of the times favor
able to prolonged monetary ease At this centre
AT the O'Clock open board railway shares duh
81 tho decline OF last evening" New York Central sold
at sya; Erie, 62s; Hudson 1ol1; Reading, 1885, AZ;
Michigan southern, c7,I; Rock Island. sss Cleveland
and Pittsburg 721s Northwestern. 34't u; do pre-
fsrrsd 50,s r.; Fon Wayne, 90; Pacific Mail, 12s;
Atlantic Mail, 102x Aariposa preferred, 17A.
Al the first regular board the market continued dull
and rather heavy except for Atlantic Mail, which ad-
vanced TO 1854. New York Central closed x lower
than the same time yesterday; Reading n, Michigan
Southern ~ Cleveland and Toledo u, Rock Island
r. Northwestern preferred ] u, Toledo, Wabash and
Western x, Ohio and Mississippi certificates y, Pacific
Mail n Atlantic Mail higher Government
securities were firm but inactive. Coupon nve-twenties
Of each issue showed advance OF y. Missouri skies
were 4 higher; Tennessee skies, new, Is.
At tue open board at O'Clock prices still
tower New York Central sold at ok 4; Erie, se,4;
Hudson, 10Ok 10l; Reading, l03H; Michigan
Southern, 67E; Cleveland and Pttsburg, Tx a. u;
Rock Island. SO vi Northwestern 345S do preferred,
$50 SO; Fort Wayne 90; Western Union Telegraph,
IS u; Pacific Mail, l2s; Atlantic Mail 1885.
half-past two regular board the market expe-
rieuced slight Improvement Rock Island closed J.
lower than at the first regular board Milwaukee and st.
Paul preferred, 11. Northwestern Was y higher,
Toledo Wabash Western Il, Ohio ana Mississippi
certificates 4, Atlantic Nah x. Government securi-
ties neglected. and coupon fyetwenties Of 1862
declined n. t#.t.e eeNs
Al the open board at hafpast three the market con-
tinued to improve New York Central sold at 97ss !;
Ere 62s. %. 81; Hudson 101 Reading, 103,@ Michigan
Southern, o71<; Illinois Central, lis: Cleveland and
Pittsburg TAX x; Rock Island, $50; Northwestern,
S4E. do preferred, 59ts; Western Union Telegraph,
A2s Daring the remainder of the afternoon the market
arm but dull, and at quarter to dix tho following
quotations we're current:--New York Central. 97x 4
Erie, sx.s Co. Reading. lo3< Is Hichisan sonthern
s7H ) o.; Cisvslaid and rstsburg, 7e,s %; Rock
IsAsad $50 X; fdrt Wayne, ss,l " Northwestern
a.. Z. do. preferred, 5ss. x Pacific Mail, l2s )
~ Maripssa preferred. is ri; Atlantc Nail, 1855
Government securities steady but inactive
eaoss OF buelness At the following quotationslSs1
coupon, ll1l e; do registered Ill., 81; 20
coupon. 1852 10sk ,s do. do. 1884, 1885 -; do.
DO 1896. 1861 . =; do do new issue, 1918 los
10-40 coupon, 90,S Is; $40 notes. Hrs series, 100
AZ; $40 notes. second series. lo5,k ri; $40
notes. third series, 1861 ~.
Tho gold market continues firm outstanding the
abundant floating supply Of con which loans
b made ss2ae per cent for carrying Tho opening
price was 1s1H, followed BY decline to 1859 and sub
sequent advance 70 1874. The closing transactions
were at 137K. The gross clearings amounted to
SS7 sos 900, and the gold balances TO $626500 The
SubTreasury UNDERWOOD TO 10 selling nearly the
extent o. is daily receipts, and this partly ueutralzes
che effect Of the drain for Shipment far the Dor
rowing rates arc concerned The present price Of gold
IL maintained more BY antcipations Of further
shipments than By the current demand for
export, and the hrmness Of the rates Of exchange
dives an undsrtone Of strength the market which Il
would not otherwise possess The limited cotton and
produce exports The supply Of exchange making
% fall short Of the demand ct time whom the latter u
more usually heavy. II 10 not probable however,
that commercial grounds the premium win rise
much. &c any higher. under existing circumstances.
The foreign exchange market was quiet and arm.
Bankers bills EnelAndat SIXTY days were quoted at
che at 1o9X ITO; three days, 1lo1i ~ COM
msrcia bills 10Sh 100; francs ct sixty days, 6i8Z
sl2K. three days, 512s $40; bills Berlin, 724
*; Bremen, 7sk 7ox; on Frankfort Il Az
on Amsterdam, Il AK; on Hamburg, a6,< q u; on
Antwerp, 61sx 6.l3L.
The Of exchange England since Nay l. 1885,
IA Indicated by the following table Of the for prime
bankers bills n sixty days on the dates meStssusd:
usvf 1OoL 1OQs< lima 10oH . INA