The New York herald., 1867-02-20
FINANCIAL AfN2 COMMERCIAL.


Tuesday, Feb le-ePN
Tho upward reaction in the railway share market
which set in yesterday afternoon A do further progress
to-day, owing mainly TO tie covering OF ''shor con
tracts The prospect OF the reconstrictou programm
before Congress being s. modified as 10 narrow th
breach between the White House and the Capitol ha,
also some little effect in inducing purchases for rise
the present unsettled political condition OF tho country
being perhaps the prime OF the sagnalion which
prevails In all departments Of business When the sus-
pense attending this is removed confidence in values
VIII Increase, and steady improvements prices on the
Stock Exchange will probably follow But as set tho
stock market is unsettled and its movements are likely
70 DO irregular for some little time come The AMOUNT
OF stocks floating in tho large to be copsroed
oy the bull element weak and spitiess as It nov Is and
gradual absorption will have TO take place before
steacy rise can be expected Generally distributed as
the speculative securities are however, market feels
their full weight and II they have not already touched
bottom they are probably not far from bavng done
The supply OF money continues abundant six per cent
TO the Stock Exchange, aud at five government col
atsrals The discount line Is rather active, and first
Class commercial paper passes scven per cent with
exceptional transactions at half per cent both above
and below this rate.
At the open board at ten O'Clock railway shares were
drm. New Yorx Central sold at lolA; Erie, 56H ";
Michigan southern, 7sH Cleveland and Pittsburg, 81
Rock Island. 97s Y; Northwestern 30; do. preferred
o5h "; Fort Wayne, 96s1 81 At the first regular
board the market moderately active but prices do
oined on the call Pacific Mail largely dealt In
l66 15Sk six thousand shares having been bought by
party. New York Central closed Il higher than at
the same time yesterday; Erie l. Reading " Michigan
Southern l. Cleveland and Pittsburg IL, Cleveland and
Toledo lH, Rock Island 4, Northwestern r. do pre-
fered l. Fort Wayne u, Chicago and Alton u, Pacific
Malls AZ n>tro
Western Union Telegraph u. Government securities
were firm. Coupon skies Of 1881 showed advance Of
n; nvetwentiss Of 1862, Il issue Of 1885,
thirty notes of the first and third seres M Tennessee
sixes were X higher, new issue u. After the call
prices were slightly lower and at the O'Clock open
board Now York Central sosd at lo1H Erie 55S Read
ing. 103I Michigan Southern. 72y<; Northwestern
s5A; do. preferred, 65h; Rock Island s7,s Clevs-
land and Pitsburg, s0x.
At the half past two regular board the market was
ArmsE New York Central closed l higher than at the
drst regular board Michigan Southern ~ Cleveland and
Pittsburg 4, Rock Island n, Northwestern y, do pre-
ferred ", Atlantic Mail ~, Mariposa preferred Il,
Western Union Telegraph u. Erie was 4 lower. Pa
cinc Mall /, Quicksilver a Government securities
steady. Tennessee skies declined 4. AT the hafpast
three open board the market dull but steady. New
York Central sold at 1919 l02; Erie 56H Michigan
Southern, 73's; Rock Island 973s Northwestern S57s
DO. preferred. $685. Fort Wayne, e6k. Subsequently
the market declined fraction and at five O'Clock the
following quotations cirren:-New York Central,
iolK y; Erie, 5511 "a Reading, 1O4 4; Michigan
Southern, 73h u: Cleveland and Pittsburg sos 81
Northwestern, 353i ~ do preferred 65H Il; Rock
Island. STk y; Fort Wayne 98 o8k. tli
The gold market was frmer than yesterday its range
having been from 1851 to l37-the former being the
opening price, and 1863 the closing one The borrow
ing demand for coin somewhat irreguarly supplied
and loans made without interest and at 3 per
cent for carrying, while in from 164
La per cent per diem was paid by the borrower The
advancing tendency Of the rates OF foreign exchange i'm
parted buoyancy TO The premium which 1t could not
aave derived from the progress of the debates
sucton Warrington. The speculative interest in tho
market b small far those who operate for quick
turns are concernod but the importers by buying in
anticipation Of their actual become spectators
some extent and II is these and the foreign bankers
who the largest holders Of coin at the present Time
Tho foreign exchange market was dull but strong and
The leading drawers advanced their rates u a x.
Bankes' bills England, At sixty days, quoted at
the close at 10SX 100; At three days. 1925 1925
commercial bills, 1o7h l0sx; francs At sixty days.
slSK $50; at three days, $40 SIS. Bills on Ber
lin, T1X TAX; on Bremen 7sx q 70; on Frankfort,
AeX ~lk; on Amsterdam, ii AN; on Hamburg
SsN so,<; on Antwerp. $40 s17K.
Mining shares were firm. At the first board Consoli.
dated Gregory Gold closed 75c higher than at the
time yesterday, selling at s1l rs; Corydon 81 selling
At SO; Quartz Hill l0c., selling at - o.; Columbian
Gold and Silver 1oc, selling at 81 90. At the second
board Coydon closed 81 higher selling at $14; Quartz
Hi, 1bo selling at "a 2o Columbian Gold and Silver
&c. selling at 81 e5 Smith Parmelee was l5c lower,
selling q % 70. ne-N
Tns business transacted at the sub-Treasury In this
city to-day was as follows fs .sat
Receip,s ~ e6471 o9s For Customs. :. :. &707. 900