The New York herald., 1867-05-25
FINANCIAL AND COMMERCIAL.
FRIDAY. Nav 24-s p. N.

FRIDAY. May 24-6PM
Tho rail ray share market experienced further depres
non to-day and the decline especially marked in
Erie. iss closing price being 5s. II is s1rmsed that
tns speculative director OF this road 10 bearng the
stock in order 70 s'shake out" certain parties who
bought largely on the STRENGTH Of purs sold by him
for Reconsideration OF per for certain number
oscsya- These sputs'' have all expired and he has no
oasss an interest In sustaining IT, while the real bulls
are unablsto resist the force ofs downward ten
dsney although u in position whore could be easily
rallied provided the capital command
The rest OF the market ympathizss with Erie owing
mainly " i1 extreme duinesa and the persistent
efforts Of the brokers and other professional spectators
70 further deprs prices continue keep the public out
OF Wall street. such IL the dearh OF legitimate business
thas there 10 prospect Of stampede from the vicinity
OF Tho Stock Exchange Of dgusted and disappointed
brokers desrous Of finding lucrative employ
nent and already many Of the spectators have taken
their departure. thinking hosing corn or following
trade likely 10 prove profitable than watching the
stock market Tho latter hes demoralzsd appearance
- present. but prices 20 low that they hardly
likely 70 90 much lower. Yet, notwithstanding
prevailing belief In much higher prices
before the year Il out few disposed to buy This de-
precision must svsatuAiiy b. ssocseded by strong mp
wasGssactsan; hut n vssw n ths im4DahS cobditipn
sa4enroundine a the uarkst 20 ons seems disposed
- sseksshs antesia step towards tanning shs tide.
Tne supply Of muusy ID aSandsn;. but lenders are
ssssuhas sxactiug - 70 rates. and sx per
has In not few instances been paid to-day. although
not Of the Transactions in which nrs class houses
concerned at ave. or government securities, ave
per cent ia the general rate although two Of the
leading dealers enabled 70 borrow, in
at four First class commercial paper freely dis
counted at 6h per mt, and in exceptional cases.
six There is considerable amount Of unemployed
funds tho Market and the internal exchanges are
still In favor OF th centre.
Al the first regular board railway shares were dull.
New York Central closed y higher than at the same
time yesterday, Fort Wayne y, Ohio aud Mississippi
certificates y. Erie was X lower Michigan Southern
a Cleveland and Ptsburg u. Rock Island X North
western TX. d. preferred X, Toledo, Wabash and
Western " Boston Water Power 4. Government secu-
rites were moderately active. Five-twenes Of 1862
aud 1854 wero steady, and the issue Of 1855 and
forties showed an advance OF 4.
AZ the O'Clock open board the market was shade
armer, but At the halspast two board the improvement
not sustained Michigan Southern closed x lower
than At the first board; Cleveland and Pttsburg u,
Rock Island y. Northwestern x, do preferred r. Fort
Wayne y, Toledo. Wabash and Western u, Boston
water Power Y Government securities were dull and
barely steady in tone Coupon tenforties declined "
Az the half-past three open board tho market was
weaker, and New York Central sold nj 97k *; Ere
ssx y; Readine, 1921 . l03; Michigan Southern,
c6x y; Cleveland and Pittsburg. 72x 70; Rock
isiaad, SIX . n; North Western, slx x; do pre-
fsrred 5sX 81; Fort Wayne, o5H u. Subsequently
there was further decline OF prices and at quarter
nix the market heavy at the subjoined quotations.
New York Central. ok y; Erie. 5szs 50; Reading,
los x; Michigan Southern, e6K n; Cleveland and
Pittsburg, TX 70 Rock Island, s7x u; Fort
wayne, es X; Northwestern. ak n; do preferred,
n; Pacific Mall 127x 12s; Atlantic Mail l02,S
X; OHIO and Missiasipp, certificates, 24x ask.
0overnmsnt securities closed weak at the following
suotasions:-1SSl, coupon lllK u do., registered
lnxsX; SO coupon, 1892, looE s-x; do, 1854,
losx 100; do, 1885, 1859 III do, Issue.
los "; 1olo coupons sok X; 1910 notes, nrst
sssiss. loeK x; d., second ssriss 1864 x; do.
third ssriss, 105x Az.
Tho gold market has been weak and after opening at
lesK declined steadily TO 7k-ths closing and lowest
pnos OF the day. Loans were made without interest
and q per cent for carrying The gross clearngs
amounted 70 ~, 900. and tho gold balances 70
et,oJo.621
Ths foreign exchange market inactive, and rates
were nominaliy steady, although the tendency was
towards frsctiosai decline Bankers bills on England
~ sIxty days were quoted q looX; At three days,
ITO u; commercial bills 10ex looX: bills Paris
sixty days. 6l2x a51s; ~ three days 5.l2,< 6l0
The receipts for customs and the receipts payments
and balances the ubTrsasury in this city for the
expired portion Of the week have been follows