The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-03-14
FINANCIAL AND coMMERcIA

WEDNESDAY, March l3-6P.M
The stock market continues be influenced by Erie,
with ae fluctuations OF which all the other speculative
railway shares are In active sympathy. The move
ments Of this stock mystery 70 the street. and Its
manipuators unknown although rumor has u that
Of the directors Of the road Is the chief wire puler
The object Of the parties concerned Is OF course TO
frighten the "shors' into covering and to dupe the
street into buying at high prices the programme EVIL
IDENTIFY being carry the stock higher, for the double
purpose referred TO- The rest OF the market at present
much dependent Erie that is useless TO speculate
its immediate future, although IL seems probable
that before long shall witness brisk speculation for
rise in all the active shares The supply Of money is
abundant stock houses per cent, with numer
exceptions at six understanding there is increas
ing demand for loans and discounts and two largo
houses dealing in government securities have still loans
outstanding at five. The amount Of commercial paper
offering considerable but the best grade, at from
sixty days TO four months passes at seven per cent with
exceptions seven and half Inferior grades are not
in favor and submit eight and ten per cent even
when rated good The Sub-Treasury is supposed to
be selling gold to about the extent OF its daily re
cepts; but the effect upon the money market is not
noticeable and its balance this evening is reduced TO
sll0,OS4,27A
At the o'clock session Of the open board the
kct was steady New York Central sold at 1925 y;
Erie 591 u; Reading 1olK; Michigan Southern,
72a< u: Rock Island 05; Northwestern, SAY; do.
preferred, 63H "a Fort Wayne. e5,S Pacific Mail,
l2a 12sA; Western Union Telegraph, AK. At the
first regular board prices slightly lower but
the volume Of business moderately large.
Pacific and Atlantic Mail heavy at 1913 1922 and
SO s31s respectively. New York Central closed
lower than the time yesterday Erie l. Read ng
u, Illinois Central ~ Fort Wayne u, Pacific Mail q
Mail a< Michi II
Michigan Southern x, Northwestern u, do preferred
u, Ohio aud Mississippi certificates u, Canton Gov.
ernmen securities were dull, and fve Juveniles of the
new issue of 1865 showed decline Of u, tenfores u.
Missouri skies were weak and declined per cent Ten
nessee SKIES advanced u, while the new Issue declined
Il. At Tho O'Clock session of the open board the
railway share market steady, and New York Cen.
trail sold at 1929; Eric, 5Ss vi Hudson, 1877; Read
ing, 1917 5s; Michigan Southern, Tx 10. A.; Rock
Is and, 953s; Northwestern S5h; do preferred, 63h
Fort Wayne, 95A.
At the hafpast two regular board railway shares
were nrm, and government securities steady. New
York Central closed n higher than at the first regular
board Erie u, Michigan Southern a. Illinois Central
q, Rock Island 81 Northwestern q, do. preferred "a,
Fort Wayne u, Ohio and Mississippi certificates l, Pa
cidc Mail ], Canton a. Cumberland Coal q, Atlantic
Mail u. Tennessee skies were Il lower. and Missouri
skies ~ higher At the half past three open board the
market was stronger and New York Central sold at
1033s; Erie, 59h y; Hudson River 1877; Reading,
1922 Michigan Southern, 733s a u Cleveland and
Plttsburg SIX Northwestern 35B; do. preferred,
63sS; Rock Island, 96i4; Fort Wayne, 984 Pacific
ail, 124 Ohio and Mississippi certificates, 291s Sub.
sequenty Eric reapsed to $50, then improved, and
at Ave o'clock the following quotations CURRENT
Erie SO; Reading, 1olA; Michigan Southern, 73ss h
Cleveland and Pittsburg SlH q; Rock Island, 95T
90; Northwestern, IS ~ do. preferred, -63h x;
Canton ASK. Government securities dull but firm
at the close Of business at the subioined quotations.
Registered 81, 100 u; coupon 49, 100 y; 20
pom '64, 107S ri do. '65, 1o7H Y; do January and
July, 1867 N 10-40 registered, OK u; 10 40
coupon, 975s August $780, 1861 u; June 7.30, 1861
u; July 7-30, 1861 y.
The gold market has shown more frmness than IL did
yesterday and the price advanced from 1898 the COM
Of business to l34A at the close. Tho i'm.
provement was sustained, Notwithstanding the receipt OF
adyices from England reporting advance in cot on
aud American securities. Vague reports were in crcula-
tion Of issue OF government securities, which
entirely without confirmation. The borrowing de
mand for coin supplied at 164 1892 per cent In
favor Of the lender and in instances loans were
made fiat and at per cent for carrying.
The foreign exchange market dull and rates were
Dominay ADMINISTRATORS bills ON England, at
sixty days. 100; at three days. 1094; commercial bills
1917 10Sh; francs sixty days. g. Is 500 at three
days, 5.13A q 617h; bills Berlin, y a72K on
Bremen, 7S,S TO- on Frankfort, Al AZ; Amser.
dam, 401s 4l5s on Hamburg, SO 364; on Antwerp,
]. 20 517Is
American securities and consos quoted fol-
lows in London on the dates meHtioned:-
Aorch MarvL March