The New York herald., 1867-04-12
FINANCIAL AND COMMERCIAL.
TuuRspAr. April ll-aPM


-~~~~----~--~~~>>-
THURSDAY, April u-ePM
The stock market opened with considerable animation
this morning. and developed improving tendency
throsghout the day The advance In prices was most
marked among the Western shares although the resc-
tcn was general aided by the purchases OF the bears TO
cover their contracts There the same time some
rather heavy buying on sqong' account by those
who think that bottom has at length been touched
few OF the wiseacres OF the street again venture
predict that the much. talked OF and long expected
spring rise about to set but the bulls have been 10
often disappointed during tho last six months that at
present the prophecy hardly elicits than scEy
smile Stocks cannot 60 down forever, and a. they are
in most cases probably selling below their real value at
present. II seems reasonable TO look for improve.
ment tue moro especially neither the Oman.
ciai condition Of the country nor the value
of railway property has undergone any material
change since last October when prices were from forty
20 seventy five per cent higher than they are now The
currency too has not only beon reduced since June
1865 but as we showed in detail yesterday II has been
increased to The extent OF $IeS7o 40 since that time
including as do the national bank notos in our CAL
cuaiicn. Moreover the fears which some persons On
terrain OF speedy resumption OF specie payments are
without foundation, return to hard cash being impos
sib'e for some years tocoms
Money easy to-day to the Stock Exchange al seven
tons on government securities at six. The drain Of
currency from the interior Is strongly in favor or this
CENTRE and the banks consequently disposed 10 lend
moro freely on railway coateraIs and ordinary margins
than hitherto we'll to discount commercial paper
although only the best grade In favor and this passes
at per cent
At the tan O'Clock session of the open board railway
shares wsre In good demand New York Central sold q
-eeHa y; Erie, SIX . u; Reading ssX; Michigan
.
Cleveland and Toledo, 1l7l; Rock Island, ssX 81;
Northwestern, SIX; do prsfsnsd, ssx 50; Fort
Wayne. COX . x; Mariposa preferred. 10.
Al tho nrst regular board the market active under
continued demand for the leading socs both TO cover
@shorts and On speculation for RISE and the advanc.
dng tendency q prices was well sustained New York
Central closed lower than 1t the same time yesterday
Roading sas y highsr Michigan Southern 4, Cleveland
and Toledo e. Rock Island y, Northwestern x, Fort
Wayne q, Pseiao Nan X Quicksilvsr 4, Cumberland
Coal X, Westsfn Union Telegraph AZ Government
secursss were inactive and coupon snfortIss declined
y. North Caroline dxss were x lewsr
AZ the one O'Clock seson Of the open board the mar.
kss was s>saAy, q slight decline from the hirhese
point touehsd er The pssvious board New York Cen.
trai soh = ssx; Erie. slx; Reading, seX; Michigan
Southern egx; Clsveland and Ptisbusg. 07x; Rock
Island, soK; Northwestern, SIX; do preferred, ssx
seKi yeH wyna COX; Western Unios TsssCaph,
SIX; Haripea preferred. SIX.
A The haiepast two regular board tAs narkss NJ
nfm and thso business we'll distibatsd New York
Cssral cseee4 higher tAan = The nt yesuIar board
Ere =, nlineis Csnnx y, Cleveland and Toisdo 1,
Rock Ishand X. Northwsstssn X. do preferred 3,
Fort Wayue x, Toledo, wabash and Western 4, Pacno
Nail 4. Quieasllvw =, Western Un,on TaisgapA k.
Reading sw0 jowsE 0ovemmsnt securities wsrs
ussiscssd Tsassssss sxss ofshs Issue sdvsncsd H
AstAsAaifpa1s three opsn board the market con-
tnusd hru, and New York Central sold q 100 1oox;
Erie. AX IS; RsaAins, - oek Nichigaa soashssn,
ok; clevsaasd - Pitssbsrg esk y; Cleveland and
Toledo. ll7x lls; Rock Island 81 SIX; North.
western AK *; do preferred sex; Nariposa prefer
rcd 2ox tb. Sol Sabssqusnsly raid was nads upon
the maret by the bears and u dsclinsd per cont
but quickly recovered, and q halfpast nvs closed
strong at ths suhjoinsd ngures:-New York Central.
oeX loo; Ere, Ssk . X; Reading. ssK X; Michigan
Southern. e7x y; Cleveland and Pttsburg, 07x 90;
Rock Island. s7X y; Northwestern, ~ K; d. pre-
fsrred, Sax 90; Fort Wayne, COX . o.;
Ohio and Mississippi certificates, 23K; Western
Union telegraph, s7s; Marposa preferred, 10 . II.
Government securities dull but steady at the close
OF business u The following quotations s:-Regstered
1881, looX 100; coupon, 1881, 1857; nve-swcnty
coupons. 1894 107K . lo7x; nve-twsnsy coupons,
1866, lo7X . los; nve-twensy coupons, January and
July, 1o7K . "; August, scven-thirty, 100; jane.
sevon-ihirty lo6X; July. seven-thirty, 1861.
Tno STOCK e1xcnange opened room to@uny IN new
street for dealing In governments exclusively. There
bo call Of securities the business will be
Quoted In the lower hail. and dealers In general will
be admitted TO the privileges Of the upon the pay
mont Of IN annual charge At present. however, it Is
mere experiment
The goid market has been less excited the absence
Of European news Of importance and after opening at
l37x declined 70 I3ek, and finally closed At 1Sok.
There ws abundant supply Of coin for delivery, and
loans worc made without interest and at 1o4 per cent
Der diem or borrowing and three per cent for carrying
Mining shares were dull, bot generally nrm. At The
arss board Consolidated Gregory Gold clossd tc higher
chan a the same time yesterday selling at 80; Colum
blan Gold and Silver &c., selling at 50 l Charter Oak
Copper 80 lower selling ct 81 90 Al the second
board Consolidated Gregory gold closed So higher. sell
ing ct - -; QuArs Hill sold a 90 10; Smith and
Parmeled IS 2S; ColumbiaA Gold and Silver. 80 -.
Tho foreign exchange market was nrm In tone. but
rates wsss noninsl. Banksn bills England At sixty
days were quossd - 1oeH . thrss days, 11o llok
commercial Bills los loo francs 1t sixty days 6lsxa
6l7K; a. three daya 61lk 61ax; bills on Berlin
y1X TAX on Brsmsn, 7sx 7ok; on Frankfort 4oK
al1K; on Amsterdam, COX AK; on Hamburg 30
sox; on Antwerp, $50 aGl7K
Tho oourss Of ths market for prime banken' bills
England a sxiy days sinos April 1885, u indicated By
the following quotations at monthly intervals:-
xsyl...... .iosx = 1oex Juno L.. ..icox 1o0x
Juns a.. Look . 40 July a ..1osH 1osK
yuy yn; :; ios 3 An ss,ss,cmhsrI iosZ io6x