The New York herald., 1867-02-08
FINANCIAL AND COMMERCIAL.

THURSDAY, reo I-0P M
Tho gold market has been excited and irregular to-
day. At the commencement OF business there were
transactions 1884 but the price almost instantly ad-
vanced to iS9 aud relapse to 1871 quickly followed
From this point there was a reaction to 1884 followed
by relapse after three O'Clock to 1874 but at this
price strong buyers appeared and the closing quotation
at four o'clock was 1874 Loans made without in
terest and at per cent for carrying The postpone
mont by the House OF OF the the
Stevens Reconstruction bill till one o'clock
row was the immediate cause Of the decline in the
afternoon. 1t generally expected to pass the
House to-day But for the doubts that are entertained
to the ultimate fate OF the bill the premium would
been more steadily in che ascendant and should
pa@ the two houses the effect upon gold will probably
be very marked.
Tho railway share market continues dull and with
out buoyancy Neither the inducement to buy nor sell
very strong and speculation accordingly anguishos
Tho market easily depressed after every slight ad-
vance and tho bulls anxious TO realize whenever Il
nuctuates tribe in their favor In view OF the low
prices now current the bears are at the same time
nearly tmid in selling the bulls in buying and
''shorts covered whenever profit presents itseif
There h no change 70 note In the supply Of money,
which IL abundant at seven per cent, with numerous
exceptional transactions six while tho leading dealers
In government securities have large amounts left with
them at per cent The discount line 10 easy and
nrst ciass commercial paper passes at TaTK per cent
with . very limited amount Offering. The banks
arc lending to first class houses freely on mixed
coliaterals and the usual margins but they observe
stricer scrutiny with regard TO borrowers Of inferior
standing On the 18th inst the interest ON the nrst
series Of seven.thrty notes win fall due and the balance
In the Sub-Treasury shows that ample provision has
been made for its payment Originally three hundred
mi nnOffh ,oH fho aarnt-o
interest on which would amount to $lo 950,OO0 But
portion Of these have been converted into Gve-twenty
bonds
At the ton o'clock open board the railway share market
steady Erie sold at 60x, Rock Island, COX; Mch
gan Southern, 74h Fort Wayne, oSh At the first regu-
lar board prices lower and the speculative feeling
was tame New York Central closed y higher than At
the time yesterday, Ere ~, Michigan Central n.
Michigan Southern 1, Illinois Central Y, Cleveland and
Pittsburg Y, Cleveland and Toledo " Rock Island l.
Northwestern ~ do preferred ~, Fort Wayne Chi
cago and Alton ~ Milwaukee and st. Paul preferred TX
Ohio and Mississippi certificates u, Pacific Mail " Canton
l. Reading was u lower. Western Union Telegraph X
Government securities were quiet but firm. Coupon
fvetwsntes Of 1885 advanced y, sevenhiry notos Of
the first and third series r. Tennessee skies Of the
issue higher At the o'clock open board the
market was steady. New York Central sold At lo2x
x; Erie, SoX . 90; Reading 1881 . lo4; Toledo
Wabash and Western, AK s. 81; Michigan Southern.
74K q n; Cleveland and Pttsburg, "a s4K; Rock
Island, o8X; Northwestern, sSS e. 81 do preferred,
6sK; Fort Wayne, osH Canton, 45; Quickslver, 20
At the half-past two regular board the market was
irregular. Eric and New York Central being weak while
the rest Of the speculative list was 0rm. New York
Central closed lower than at the 6rst regular board
Eric X. Rock Island Y, Chicago and Alton y, Quick.
silver n. Reading higher Michigan Southern ~,
Cleveland and Ptssburg y. Northwestern X, do pre-
fesd 4. Atlantic Nail X, Western Union Telegraph y.
Government securities were duh but steady. Al the
ha,rpast three open, board the market was stronger
New York Central, sold q lo2X II; Eric. bex . s.;
Michigan Southern, Is . 75k; Reading. lolK v;
0lsvsaaaa aad Pisssburg az x; Northwestern, Sax
Do preferred, -; Book Isiaud. eek. subssqyensiy
there tendency towards greater nrmnsss and q
hafpast ave the market closed steady at the following
quotations New York Central. l02 102X; Erie soK
. X; Reading l0SX q e; Michigan Southern, 75x
4; Illinois Central ll4K IFS; Cleveland and Pitts.
burg, slx X Rock Island. ook x; Fort Wayne,
osK; Northwestern 3sK y; do. preferred, 0sx
=; Western Union Telegraph, 44K 4; Cleveland and
Toledo, 12o l2ok, 80
There NJ no business OF importance tsansActsd in
foreign exchange, and the rates were nominaily
changed. Banker' bills q England, q sixty days,
werc quoted Il 1OsK n; at thres daya 1ooK l0ox;
commercial One lUJ iUoi IfauS y Wxty onyss uHH =
S15; bills on Berlin, 7K 72X; % Bremes. 7sk 70;
On Frankfort, Il ak; on Amsterdam. lOX q AK; on
Hamburg SoK 3oK; o. Antwerp. G32K GlsK.
The statement Of tho national debt for the month Of
January shows that the secrstay Of the Treasury
unable proceed with the contraction Of legal tender
notes. and that Of $o20 2ls took place Tho
Treasury receipts lighter than usual during the
month while the disbursements were heavy The total
debt has increased 80 o34 since January 1; but
ws allow for the amount in the Treasury the increase
only e2A57s. Tho amount Of hvetwenty bonds out
standing has been increased Sis,oo4lo while
thirty notes have been cancelled only 10 the
tent Of s17o 500. the discrepancy being probably
owing 70 clerical cause. the other changes shown
in tho following table Of differences between the present
and the previous s.stsmsnts:-
Com INTEREST
Increns. Decrease.
Six per c - pcuds, 1857 and 18s0 $4,000
Six per cent ponds, 1881. $4,000
Six DER cent 20 bonds. Is, 004 200 -
Navy Pension Fund. ............ 10000 -