The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-01-04
FINAMclAL AND COMMERCIAL.


FiNiANCIAL AND CONNER lAL.
-~----~-
.s, ..-a. THURSDAY, Jan. 3-sPM.
Tho dulness Of the holidays Is gradually giving place
TO speculative activity the Stock Exchange; bat the
isadng operators appear to be postponing any attempt
towards general movement until the January dividends
and interest dsbused, when the supply OF oanabe
funds viii be considerably larger than 1t is pres.
ont and the course OF tho stock market IL
dependent TO a great extent lpon the none
tary facilities 1t the disposal or speculators
Loans we're made to-day, In all but few exceptional
instances, at seven per cont the exceptions being on
government coaterals at six This disinclnes lenders
20 discount commercial paper the best grade Of which
Il still rated per cent and where the choice b
bsswesn discountng and lending call the latter is in
variably preferred. The National Banks are for the
elmo being indispossd to extend their loans materially,
owing TO being the Of making their quarterly
tsTns 70 The Comptroller Of the Cansncy, and they
naiuray dssgs 70 make their position appear strong
= possible tn. returns will be made up 70 Monday
merit asr which IL expected the rate for money on
call will sink 10 six per ceak n
There was unusud excitement In the gold room, and
the price which at tho commencement Of business was
LEA advanced before two O'Clock 10 1884, tho astsn-
sible cause being rumor that bill Of impeachment
against tho President TO b introduced In tho House
OF Representative This however, received no credit
from the best informed or tho opSnson and ~ ~
erdsd = an Invention Of the bulls; but never
thslsss the market, after quickly reacting to
,dssx, was nFmly sustained, and The closing
price was 1857 . 13A There was moderate-
" acive borrowing demand for coin, and ioaas
made without interest and At le4 per cent PER
dism IN favor OF the leader The suddennsss with which
tho premium advanced shows the senstiysness q
In
buyers fer rise formed In view Of the largely
sold condition Of the market and that their first opera
lions. assisted BY the in question: frightened
OF tho bears into covering their "shorta" The specua
tors Who have bean nng hsir pockets by bearing gold
will nov turn and bull with equal vigor and thus the
currency dollar has constantly nuctuang value which
shurtful 70 trade and and beneficial only TO
those who are the immediate Of these fuctua-
tions
AZ che ten O'Clock open stock board the market was
dull and barely steady. Erie sold at o6H, New York
Cenera 1l2k, Michigan Southern SIX, Northwestern
45k, ditto preferred s2A. At the first regular board
there was considerable activity, and prices showed
Improving tendency. Erie closed q lower than at the
same time yesterday, Reading X Michigan Southern
Cleveland and Pittsburg *, Rock Island x, Ohio and
Mississippi certificates ", Pacific Nail ", Atlantic Mail
2, Canton u Western Union Telegraph V, Illinois Gen.
trail Cleveland and Toledo III Northwestern " Toledo,
Wabash and Western r. Government securities we're
quiet and steady. Coupon skies Of 1881 were higher
sevsn-thrty notes Of the third series ~ At the ono
O'Clock open board the market dull but generally
0rmer. Erie sold at STA Northwestern 4sk, do.
preierred s2x, New York Central lis, Aariposa pre-
ferred 32 At the halfpast two regular board there
was further Improvement Eric being the strongest Of
che railway shares Erie closed higher than at the
first regular board, Reading y, Michigan southern u,
Illinois Central X, Cleveland and Pitsburg " North
u, Ohio and Mississippi certificates a. North
western preferred was \, lower, Pacific Mail X, Western
Union Telegraph g. Government securities higher
Coupon sizes Of 1881 advanced Ave- twentes Of 1862
under the Improvement in London, to 7sK y; issue
u itss. Il; new Issue. Y. Tennessee State SKIES de-
ciinsd X. ~ rs
AZ he half past three opsn board the market steady
New York Central sold At 1929; Erie, o7k; Reading,
losx; Michigan Southern. So; Illinois Central, ia;
Cleveland and Pittsburg s9X s0; Rock Island, lO4;
Northwestern, l6H-preferred s2x . n; Cleveland
and Toledo. 12s hariposs preferred a2l< Union Navi-
gaiicu 1o7A; Western Union Telegraph, l0k. Subse-
query there brisk demand for the leading specu
latvs stocks, and especially Erie. At quarter 10 six
O'Clock the market closed strong at tho following quota
sions:-New York Central, l12x . y; Erie. cS y;
Reading. 1851 ~ Michigan Southern, sSk u;
Cleveland and Pittseurg soX 90; Northwestern. 4ok
x-prsfsred, 50 s3K; Rock Island, l04k q u;
Fort wayne 1855 The Issue OF the stock dividend Of
che Pacific Nail Company, amounting to 33k per cent
commenced yesterday. and this BY enabling holders
the easily 70 carry their stock accounts in some
degree FOR tho sharp advance In the price which has
taken place this week. ~
Tho foreign exchange market was nrm but quiet, the
demand Tor and the supply Of bills being equally linn
stsd Bankers bills ON England 1t sixty days were
quoted q the Close at lex NJ at three days. ITO a
1l0k: commercial BILLS 10sK 100; Francs, q sixty
AAya Gl5aalek; q three days. SAX Sis; bills
O Berlin n 72x; on Bremen, 7sK 70; on prank
tori, AK S1x; on Amstsrdam, AK AN; on BAN
burg ssx asx; on Antwerp, S.lsk SICK ~.
Tue message Of Governor SWAMI Of Maryland contains
the following il relation 70 the State 6nances:-
Tue funded dsbt Of this State together with its active
available assets held IS seto carefully made up from
The Conpsroliers report and By the Treasurer may %
Pubic DIT Of Ae Ssa,s, az Of oc'OSer 1, 1855
Sterling per cent coupon bonds interest :. a.
able n Baltimore. ASA se4
ro.al ...... SO. 100, sos
j. ~f October 1, 1896. ~ a
Stock Of Central Natonsi Bank Of @t4 4fs
stock Of Farmers National Bank Of $3.50. ~
s.sss i Ssd ior The sinking faad LIS
Cash due the sinking fund ........ 23s, 16l rs al
Cash In the Treasury proper. $780,. 367.816 .aa sill
Stock Of the Baltimore and Ohio ef
Railroad Company tpreferredl... 1900, 900 : s4s
Branch Observation-Disclosures. $4,000
Dividend sock in main stem...-.. 100000 tM
Battimore and Ohio Railroad Com III t+N
pany dividend bond No. 141. -. 10000 as
Stock Of the Chesapeake and Della - ass
Canal Company .......... 0000 ~eM
Stock OF the Fredericktown and y 49,
Yorktown Turnpike companies. 1900 N
Bonds of the Susquehanna and r8
Tdewater Canal companies. u. 100000 N.Y.
Mortgage Northern Central Railway s n8.
Company I,oOU,OOV
Due from Collectors, Sherifs Clerks
z and Registers Of the several couu- rNN
,.rdn .ftx ortr ~nHfr