The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-03-07

somewhat closely
sequence OF the unsettled condition Of affairs the
stock Exchange. On government securities tho leading
dealers have difficulty in borrowing five per cent
There is moderate OF commercial paper offering
for discount and the best grade passes seven per
cent, with exceptional transactions six and hale
At the early session OF the open board railway shares
were in some instances fraction lower than OF
business last evening New York Central sold at 1907
u; Erie 523s l.. 81; Reading 1O04 u; Michigan
Southern 70ss IL; Cleveland and fittsburg 70 791s
Rock Island, 92ts 93iS; Northwestern. 32A q; do
preferred 59h u; Fort Wayne, 92X At the first
regular board the market improved fraction por-
ton Of the list, but its tone was Notwithstanding
settled. The steamship shares were heavy, Pacific
Mail selling low III and Atlantic Mail at 70.
New York Central closed IL lower than at tho same
time yesterday, Erie ~ Michigan Southern \, Illinois
Central " Cleveland and Pittsburg u, Cleveland and
Toledo y, Rock Island 4, Northwestern TX, DO pro.
ferred 2, Milwaukee and St Paul preferred 2. Pacific
Mail u, Atlantic Mail 2 Quicksilver ], Canton ~ kari-
posa preferred g, Western Union Telegraph 81. Reading
was Y higher, Fort WAYNE u. Government securities
heavy Coupon ivc-fwenties 1862 declined Ia
Of 1885 l. At the O'Clock open the maf
ke was rmer aud prices advanced throughout the list
New York Central sold at 1918 u; Erie, 5sx ";
Hudson. l3o; Reading, 101H; Michigan Southern, TX
AZ; Cleveland and Pttsburg, 7sK; Cleveland and To-
ledc no; Rock Island ESQ., Northwestern, 3SH a X;
do. preferred 59N; Fort Wayne 93< III Pacific Mail,
1l9; Western Union Telegraph, Al Ak.
At the hafpast two regular board the REACTION made
further progress under moderately brisk demand 20
cover shorts we'll '.long, accosrt New York
Contra closed Ia higher than at the first regular board
Erie X, Reading u, Michigan Central y, Michigan
Southern II, Cleveland and Ptsburg I, Cleveland and
Toledo y, Rock Island Y, Northwestern u, do pre-
ferrcd u, Fort Wayne ", Milwaukee and st. Paul pre-
| u poriU Ma, n rio Mail Copf A.
Cumberland u. Western Union Telegraph Y. Ohio
and Mississippi certificates were u lower. Gov
eminent securities stronger Five-tweuties
OF 1885 advanced Il, ten-forties x. sevcn-thirty
notes Of the second series declined a. AT the
hafpast three open board the market relapsed, and
New York Central sold at 1919 v; Eric, sax So;
Hudson River 1855; Cleveland and Ptsburg, 70; Road
ing 1907 lol Michigan Southern, 7oX Rock Island.
92X . 03 Northwestern, 321s; DO preferred, 5sK
e9A; Fort Wayne, %; Atlantic Mail, sax 49, Pacific
Mail llsK; Western Union Telegraph, H. subse-
.quenty the tendency OF prices towards recovery,
and at hafpast I'VE the market closed steady at the
following quotaiions:-New York Central l0lHa y;
Erie 6Sk q u; Reading. 1o1 u; Michigan
Southern, T05k IL Cleveland and Pittsbure,
70 . 1917; Rock Island % a NJ Fort Wayne,
e3x a u; Northwestern, 32% 50; do. pre-
ferred sos q x; Pacific sisil, 1lSk ll9h; Atlantic
Mail. 81 y; Western Union Telegraph, Ak "; Ohio
aud Mississippi certificates. 90 al Toledo, Wabash and
Western, 81 x.
The foreign exchange market was irner under an I'm
proved demand for bills. Bankers bills England at
sixty days quoted at the close a 1851 l0Ss at
three days. 1857 a lo9A; commercial bills, LOT los
francs at sixty days. SILK 52aH at three days.
hl3L s Is; bills on Berlin, 7lls ~; on Bremen, IS
7sx; on Amsterdam, 40al Ala; on Frankfort, 4oA
al; on Hamburg, 31a u 3ola on Antwerp, 5.229
$40.
Mining stocks were, with few exceptions, heavy.
Alarnada Silver was, however nrm and sold at SO 10
&C. At the frs: board Consolidated Gregory Gold closed
Coo lower thau the second board Yesterday selling at
$40 40. Smith and rannelee was Be- higher selling at
SO 20; Quartz Hill cold a. So 95 Davidson Copper 81.
At the second board Consolidated Gregory Gold closed
81 25 lower than at the board selling at sli Is
Smith and Parnelee 2oc., selling al 50 70. b. Des
Moines was Csc. higher, selling at 81 Is.
According TO The following report Orleans IN "
journal the Medina bank failure has brought TO light
some very dscrcdtabe facts concerning It's management
and organization which show the necessity which exists
for closer frequent examinations OF the aiairs
of national hanks by the Treasury than have boon
hitherto instituted
The history OF the First National Sank Of Medina and
the cause its failure is not aiters 70 the manasers
OF the institution the national banking system OF the
country The amount Of deposits was $4,000, and tho
Trcasurcr, who bad s27 600 there, which county
will lose. The deposits OF the bank we're used Tor
speculation by which $4,000 was lost, aud the bank
never really had any bottom. Organized nominal
capital OF $4,000, but small proportion was owned
nv The bank. The President was chief owner
holding ss5 coo of stock while ave others held each
$1,000 .sThe government sccur e. deposited with the
Comptroller Of the Currency as redemption for the bills
issued were borrowed and paid for BY the currency
ceyed from the Comptroller that about $4,000 ap
pears TO be ali the actual capital the concern ever bad
above its debts On such bats Il Is not strange that
crisis should AZ length overtako IT, In New York cor
rcsponGents UNDERSTANDING is condition aud having car
red It's credit Us long a. was sale were lucky
enough TO get their edgers balanced oy county funds
and closed down upon IT, or course u had TO TAIL
the exports exclusive Of srece from the port OF New
York 10 foreign ports for tho week ending March g. and
since the commencement Of the ycar compare az follows
with those for the corresponding period In 1865 and
1s66:- 90. ,sss ,ea-
For the week. $3.50. s2.gi9,5T4 s0,s03s3l ~ 4s2 56i
Previously reported. s'se1,0s2 a5.22725S zA74o'sol
Since January $40 Isl, 2oe s42 o9 900 ss22Ss, obs
The foreign imports at New York compare as under:-
Dry goods $1,000 eol s2s45ego sssiS' -.
Total for the week. s252o,2s7 se,lo7,15e s5s9s %.
Previously reported. 17os4,ol4 4',l2slso 3',1S'os4
Since January $40 251 eo2 s43 lsos9'
The commerce OF New York from July ] TO date o.
each Of the years mentioned compares az follows
lssl-e5 1866 oe. lsoo-eL
Imports mdse. 800 42i.s7e $685. 100 sSc
Exports produce 1e4 ASSOC las, ,205 113SA,1'
Exports specie. 25,57S,4i4 le4ss.47e 22oss, ~
The cash balance in the hands Of the United States
Assistant Treasurer al Boston 1t the close or business
March 2 was sloe5o COZ; week previous, si2s9so s2-
showing a decrease Of si,oi3,oso. Coin on hand