The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-01-13
FINANCIAL AND COMA ERCIAL.


SATURDAY, Jan ~ =. ~
The stock market opened arm at the closing prices
last evening, and, as the day advanced furtha s'e
improvement took place, the latter being stimuA :"
the returning ease OF money. This due mainA
the release OF large portion OF the currency borrow
by the bear party Wednesday and Thursday owing u
some Of the lenders who OF the object
they serving tho time Of making loans having
called them in the force Of public opinion the subject
having probably not been without influence in the mat
ter The supply Of money at per cent was fully
equal 10 the demand. and lenders generally expressed
confidence In q continuance Of casa Il was whispered
however, late the afternoon that the members OF the
combination to 'cornsrr greenbacks who are heavily
shor OF gold and who feel chagrined the failure
their Efforts to lower the premium by tightening tho
money Market have resoveds torensw their rstraegc
operations at the beginning Of next week. by
returning the geld they have borrowed by contracting
fresh loans In quarters and demanding legal tender
notes In return instead OF certified checks usual II
this is done will be for the purpose Of creating fresh
furry In the money market and an artificial depression
in gold and Stocks but probably will fail OF Its object
this kind Of rickery, highly discreditable those
who resort TO u, is becoming wen Understood
Tho root Of the evil, however, lies in the
contraction OF the currency, which by rendering
the money market sensitive enables interruptions
spectators to seriously disturb H. Public confidence
the financial future Of the country ct tho same time
shaken BY the diiatorncss Of Congress in taking action
upon the currency question: and policy Of tho Secre
tay OF the Treasury excies nothing but apprehension
Hence trade and manufactures are languishing imm
grants from the Old World returning for want Of
employment, and the revenue receipts OF the govern
ment declining. Under these circumstances Con-
gress should take into immediate consideration the
Ara r;at 49,
productive panic and disaster all the country.
The discount line is quiet, tho supply OF good
mercial paper being very light Tho best grade Is
quoted at per cent but inferior classes not In
favor
At the ten o'clock open board the railway share
market moderately active, with rising tendency
Eric sold at 6 Michigan Southern b0ys Cleveland and
Pttsburg. eix; Northwestern, ASK; Reading, 1855
Mariposa preferred. SIX At the nrst regular board
moro than an average volume Of business was trans
acted, at Improving prices
New York Central closed Il higher than at the same
time yesterday, Erie Q Hudson u. Reading Y. Michigan
Central Y. Michigan Southern *. Illinois Central I.
Cleveland and Pittsburg 1x Cleveland and Toledo *,
Rock Island Y, Northwestern 2k-preferred e, Fort
Wayne *, Ohio and Mississippi certificates \, Quicksi
yer X, Canton ~, Western Union Telegraph TX. "a
ci1c Mail Y lower At the O'Clock open board
the market continued very firm. with sales at the fol-
lowing prices York Central l10k, Erie 64H Il,
Hudson lS2 d. 10Y, Reading los 1857, Toledo, Wa
bash and Western AZ. Michigan Southern 803< y, H.
lnois Central 1201, Cleveland and Ptsburg 01K e,
Cleveland and Toledo 125 x, Rock Island 102K North
western 43,I h-preferred SIX s2E, Fort Wayne
1925 Marposa preferred 3lN ~. Tho last mentioned
showed increased activity and 6rmness under report
that the company Is now working with new machinery
introduced the lsssee Of the mine displaced
During the remainder Of the aftssnoon . largo
business done In Erie which sold up TO e5, while
the rest of the market duli but arm Towards the
there wss ssat recession from the highest prices
touched bat very steady feeling PREVAILED aud as half
past nye O'Clock New Yssk Ceatrsa quoted at1l0
1i0x. Erie 65x y, Eaading 1o5 1e6x. Michigan
Southern eo}S s, Cleveland and Pittsbux ok y,
Cleveland and Toledo I20 1851, Northwestern a .
Ak-prefsrred 81 v, Fort wayne 1os loaK, Mari.
posa preferred 80 4. Compound iatsrsst notes
quoted thus by the dealers:-June 1854. mex Il;
July, l1e . 1lsk; August li5x . y; October, 114k
x; December, 113k y; May, 1855. 1uk X
August, 1lok X; September ITO lloA; October,
10oKax.
opening alike with the closing price having been 1884,
and the range Of tho day from 1884 to 134k.
Loans generally made BY paying per cont for
carrying. The shipments Of specie and bullion BY this
days steamers aggregated &SS2 s2S or which $Ts7 'ss
was in gold and silver bars the Hansa having taken
1901, the Perere e32s, $685. the Pennsylvania
Sll03oo and the City OF Baltimore $1,000 The daily
S..~S~ L. 49,