The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-01-19
FINANCIAL AND MMERclAL.

NNSNs0~sNes SfvS ~OWWEnAlAAs
FRDAr, Jan. ls-SHM
me gold market has been excited tsdsy. a,d sfSsv
opening u ls7 II advanced 70 ls7, from which Dom,
there vas steady decline 10 issN-sAe slssin, quota
ton On the ssr''s The ecrgexas a.m.,a v,s ,o,,y.
- 20 mAds without interest and a high .
sssd psr can't pr diem In favor Of the lender Tho
general inpss1on sAas the premium VIII continue 70
advance In view Of the Impeachment Of the President
tho commercial indsbtsdnss a the country 70 Europe,
and the contingencies srsing IRON the fact Of six hun
dred millions q American securities being held there.
The great check upon the advancing tendency Of the
market q present b the fA0t Of The Treasury hold.
Ing about seventy millions Of geld, sycissvs OF
certificates Of deposit should NE government b IN
wiss enough 70 reduce iss rssssvs The speculates viii
be the gainsn and the premium VIII ss I'll the higher
In tho present eoaAiioa Of aA because Of such sae&
II gold to b sold, however b better that should
b done publicly than secretly and therefore the bill
anshosing IL public ns row before the Committee on
Ways and Msana should b passsd in Preference to
allowing the Secretary Of the Treasury, = q present. 70
exert . discretionary power in the matter But II
would b sun better for Congress 70 hgislass In
favor Of the government retaining al ~ gold
up 10 two hundred millions the moral effect
OF the balance In the Treasury being greater
than double the amount elsewhere All confidence
having been lost the present administration Of the
nanoes the special legislation Of Congress in this mat.
becomes necessary. Legislation u likewise required
with regard the currency the further contraction Of
which should b stopped, and Mr. Randals bill for sub
stuting legal tenders for national bank notes should be
adopted provision, however being carefully made for
The exchange. that disturbance Of the money
market msy ensue.
The stock market dun and rather heavy owing to
ment public. At tho ten O'Clock open board Erie sold
at e4X; New York Central 100 10sx; Northwestern,
AK; Fort Wayne ssK. At the first regular board the
volume Of business was very light and New York Gen.
trail closed y higher than At the time yesterday
Erie y, Reading 4, Michigan Southern y, Cleveland
and Pttsburg y. Rock Island 4, Northwestern x-prc-
ferred u Illinois Central was ,, lower, Fort Wayne ~
Pacific Mail 2, Quicksilver X, Union Navigation y
Government securities were dull Coupon Ave-
twentes Of 1862 showed advance Of u
fve-twentics Of the new issue OF 1868 r. At
the O'Clock open board prices u
lower. Erie sold at e3ss u; Reading, lOsx; Union
Navigation, 1914 il; Michigan Southern, 7sK; Rock
Island, 100; Northwestern AK 4; Illinois Central,
iSo,; Northwesarn preferred, 7s a. 81; Fort Wayne,
ok sss Western Union Telegraph, ass $685. Mary
land Anthracite Coal 8. At the half past two regular
bnard the market weak but the to sell cash
stock very light. New York Central closed e lower
than at the Grst regular board Erie q. Reading x,
Michigan Southern 1; Rock Island IL, Northwestern
x-prefercd r. Fort Wayne *. Quicksilver l. Gov
eminent securities were neglected, but steady.
Subsequently the market was active and ir.
regular. owing to the bears selling freely,
and At half.past I'VE the following quotations
current:-New York Central 1919. *; Erie o2k
u; Reading, 1929 q; Michigan Southern, ToT y ;
Cleveland and Pittsburg 80 ri Rock Island, es;. co.
Fort Wayne s6sl 81; Northwestern, ak Az; do.
preferred 70 7sK; Western Union Telegraph, 4sM y
Compound interest notes were quoted thus by the
dealen:--June 1884, 1lex r.: July 116,S X; Au-
gust, llsk x; October. 1i4x u; Decomber, 1isx q
q: May 1885, 1l1K ri August, l1oX X; septem-
Der. 1lox a X; October, no 11OK.
The money market easy At per cest at call
10 fhe Stool Exchange with few exceptions q six
govcrnmsnt securities The discount list inactive
at . per can't for first class commercial paper.
The foreign exchange market quiet, hut firm
Bankers bills on England at SIXTY days. quoted
the close ut l0eh; at three days. llok; commercial
bills 1os 100; francs, n sixty days. SAC $50; al
three days. 613k 5.fk bills on Berlin. 72L 72is
on Bremen, 7szs 70x; on Frankfort, az aHH; on
Amsterdam AK q; on Hamburg. ss,S "; ON Ant.
werp, SICK.
Mining stocks were nrrn and Corydon led the upward
movement OF the Colorado gold bonds Az the arsi
board Corydon closed Sc higher than 1t tue FIRST
board, selling q So so; Consolidated Gregory Gold
81 ss sailing 1t eis 10; WAIKIKI Lead sc. selling ct
81 IL At tho second board corydon closad 1oc bghe
than At The first board selling n 80 co. Ia Crosse Gold
So selling 1t 81 Is; Cola Hill &C., selling Il - -
. The circular OF commercial agency in this city con.
tains the following in relation to mercantile faur's
From 1852 10 1885, In consequence Of the var. u was
impossible obtain The failures In the Southern Satcs
statistics arc. therefore. Incomplete With regard to
the country whole; hut In the Northarr Sates thu
figures ara given for ca year. IL viii be seen that
during 1896 there s very considerable increase 10 the
number az compared with the preceding four years. and
that the amonnt Of Liabilities has been largely aug.
mented bu, taking nto~ account The failures from 1851
1891 the failures OF the past year are less In number
Wow Of the enormously increased trade md this unset
tied condition Of commercial matters generally, the
figures Of 1906 cannot 30 called excessive N
No1is.n STAT: gfll4 In al Me Ndfes.