The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-05-19
FINANCIAL AND CONNER GAL,
SATURDAY. May 1876 p. N.

SATURDAY. May 1852 NJ
The railway share market opened duh this morning.
and the mpro Of last evening was not sustained
but in the afternoon became hrm, and prices ad-
yanced Money was in abundant supply at per cent
on governments and per cent on miscellaneous col
iaierals and in many instances per cent; loans on
mixed collaleras have not been called in There Is an
absence Of transactions at per cent on government
ooliaerals however, As lenders are generally able 70
employ funds at g. The Sub-Treasury dsbursng
moderately in the purchase of thirty notes, and
no stringsncy need be apprehended from the hoard
its vaults which is the extent OF six millions.
apparent than real owing clerical causes First
commercial paper is in moderate supply and good de-
mand at 6kaT
Al the ten o'clock session Of the open board railway
shares were barely steady. New York Central sold
o7K; Erie, cas-; Reading, loak; Michigan Southern.
e7X o7x; Cleveland and Ptsburg, 72K; Rock
Island ssk ssk; Northwestern, 341; do. preferred
5oI SOY; Fort Wayne, s6's; Western Union Tes-
graph, AK 42Js; Atlantic Mail, lol
Az the FIRST regular board the market was dull and
in some instances lower Erie closed 4 lower than at
the same time yesterday. Rock Island 4, North
western 4, Fort Wayne u, Milwaukee and st. Paul
preferred TX, Ohio and Mississippi certificates 4.
Michigan Central X higher, Toledo, Wabash and
Western Il, Pacific Mail u, Atlantic Mail l, Boston
Water Power X.
Government securities showed reactionary tendency
from tho recent advance. Coupon ve-twenss Of 1852
were e = lower; issue Of 1886 y. Tennessee state
bonds Of the new issue advanced e.
At the one o'clock open board the market some
what armer New York Central sold at 973s Erie, 62A
Michigan Southern, GIN Cleveland and Piltsburg, 721s
Rock Island, ssh ~ Northwestern. s4h-do. pre-
ferred, 69H; Toledo, Wabash and Western 42H West
ern Union Telegraph, AK Atlantic Mail. 104 During
the rest Of the afternoon there slightly improved
demand for stocks under which prices advanced and at
halfpast five O'Clock the following quotations were
rent:-New York Central 971l y; Erie, 621 u;
Reading, 1887 q; Michigan Southern, 675S a u;
Cleveland and Psburg, 72ss X; Rock Island, sSss
y; Fort Wayne 95A 9e1; Northwestern, a4t< "
DO preferred 59n "; Pacific Mail, 1881 AZ; Atlantic
Mail, 1887 104 Western Union Telegraph, 427s A.
Government securities steady at the close Of
business the suboined quotations registered.
MIA u: 1881, coupon, 111X y; fvetwenties,
coupon 1862 1857 100; fve-twenties coupon, 1854,
105h e; fvetwenties, coupon 1865, 1885, y; fve-
twenties, coupon, issue, 1917 l05 ten-fortes,
coupon 9o1I q; thirty notes. first SERIES 1861
y seven.thirty notes. second series 1861 q;
thirty no.es, third serics 105A az.
The appearance Of q considerable amount OF new
coupon Gve-.wenes Of 1882 issued from the Treasury
within the last ten days. Is attracting attention among
at loss to account for them. The Secretary
Of the Treasury has authority to issue
bonds Of this description, the original limit
of the 1862 issue exceeded BY about fifteen millions
and Congress had TO egaze the excess which time
nothing further has been enacted respecting this class Of
bonds Some persons supposing that Mr.. McCulloch
might be exchanging registered bonds Of 1862 for
pons wrote him asking whether he willing to
make such exchange, to which he replied in the
negative saying that he had authority to do under
OF Congress- may be, nevertheless, that he
Ia exchanging registered bonds Of 1882 originally de-
posted by National banks basis Of circulation with
the Currency Bureau, for new coupon bonds, and
ceivng in their stead fvetwen,es Of the OF
1865. II So he 10 acting without authority and the
matter In this any other event, calls for explanation
The gold market has shown diminished 1rmness,
Notwithstanding the shipments Of specie larger
than was expected namely: by the steamer Hammona,
$461 432; the City Of New York, s912, 500: the Vile
de Paris, $751; 900; the Erin, 5000; the Northern
Light, $4,000, and the Corsica about $133, 000-the
whole aggre eating s2.473932. Tho opening price
1879, and after touching 1871 declined to 1859, and
tho closing transactions at 1867. Loans
made without interest," and at per cent for carrying.
The gross clearngs at the gold Exchange Bank were
only sos 23o 900, and the gold balances $1570,0 o0
indicating large falling or in the amount Of speculative
business
The daily range during the week was as under