The New York herald., 1867-04-18
FINANCIAL AND COMMERCIAL.
wrpSIspAY, April l7-eP. n.

rne stock market has shown an improving tendency
20 day, e demand for the Leading railway shares being
stimulated by the prevailing m.netary The sup
ply Of capital al this centre rs increasing and loans on
miscellaneous collaterals mrss manly at SIX per
cent the exceptional rate being seven. Al The same
time the leading dealers in government sesu-
rites are enabled 10 borrow a. I'VE per cent,
although six is the oatsds rate. There Is
q moderate amount Of first class commercisi
paper offering for discount, which IS taEeh at
sevsn per cent inferior grades are oct OF svor az
sne hanks The drain OF currency from 'he INTERIOR n-
eludng the West continues, without producing any
ssrneency al the Western cenres where trade IS begin
nns 70 show marked signs OF Improvement The none
,srv condition of the country is now favorable to
better state Of things, both in and out OF Wall street,
and ,he hull spectators the Stock Exchange are si
hooking for the much talked OF spring rise. which may
he kened thus far however TO the mirage that oegaes
The desert traveller
Al the ten O'Clock sossfon OF the open board railway
shares we're dulL steady In tone:-New York Gen.
trai e6zf a OF, Eric, 55A a u; Reading, e9h ~
Michigan Southern. 67l4; Cleveland and Piisburg, 6s
90; Cleveland and Toledo, ll2a; Rock Island, s61
X; Northwestern, s21s; do preferred, ts;s; For,
Wayne, e2,s
Al The first regular board the market steady except
for New York Central which declined to 90 under the
enect the failure Of the State Senate TO pass the fare
hill over the Governors veto. and general belief
that no further attempt to pass the measure in any
form viii he successful. This view Of the case
tanned by telegram from Albany, stating that the
attempt introduce bill in the Assembly increas
ing fares for years had failed Notwithstanding
aha, the motion was disguised for the consdera
ton Of bill In relation TO tolls plank roads in Erie
county New York Central closed tx lower than at the
came time yesterday, Illinois Central ~ Rock Island
X Milwaukee and ST. Paul preferred l, Ohio and Mis-
essipri certificates r. Erie was u higher, Reading 4,
Michigan Southern y, Cleveland and Pittsburg Ia,
Northwestern preferred " Fort Wayne ~ Pacific Mail
g. Canton " Government gold-bearing securities were
eieady and seven.thrty of the second series adj
vanced u. Tennessee u lower North Caro-.
lima skies u. Missouri skies were 4 higher.
Al the O'Clock open board the market was fymer
sna prices advanced. New York Central sold at 961S
* Erie 55x u; Reading, l0o's Michigan Southern,
s7a Illinois Central ll31f; Cleveland aud Pttsburg,
% u; Cleveland and Toledo, I12; Rock Island, s6a
Northwestern, 325s do. preferred $685. Fort Wayne,
s2<.
Al the haiEpas two regular board there further
improvement throughout the speculative list New
York Central Closed higher than at the first regular
board, Erie u, Reading IL, Michigan Southern q,
Cleveland and Pittsburg IL, Rock Island Y, North
western preferred ~ Fort Wayne u, Milwaukee and
ST. Paul preferred u, Pacific Mail 11S Atlantic Mail Il,
Canton u, Mariposa preferred a. Government se-
cUTities were dull but firm Coupon fve-twenties Of
1862 advanced u, new issue Of 1866 n. Tennessee
axes we're u higher, issue u.
At the hafpast three open board the market
sieady but quiet New York Central sold at OK Il;
Erie, seS Reading, 1908; Cleveland aud Pt,sburs,
seA a II Rock Island, s6a4; Northwestern, s2x; do
preferred 59I; Fort Wayne. q2h Pacific Mail, 1861
y, Western Union Telegraph, a6,s ~ Subsequently
there material change in prices the speculative
temper, and at quarter 70 six o'clock the subjoned
saoations current-New York Central, 973S u;
Erie, t63S; Reading, l001 ~; Michigan Southern,
c7A q "; Illinois Central llSh ia Cleveland and |
Phtsburg, 69H u; Rock Island, s6h X; North.
weeterp a2x u; do preferred, 69ss X Fort Wayne,
s21 ii Pacific MAIL 1861 u; Ohio and Mississippi
certificates 22n %; Western Union Telegraph, 36H
81 1t noticeable that there has been sale Of
The Hudson River Railroad Company's stock al the
boards the amount doubled. and there is no
inquiry for H. This looks If few individuals held
she whole OF IT, and the inference that their votes
decided the recent action Of the company in watering
the stock.
Government securities were quiet and steady al the
eloee Of business, the following being the quotations.:
Registered, 1851, 100 l094; coupon, 1881, l09ls
yc9x; $50 registered 1892 l04 l04k; $40 coupon
1854, los los4; $40 coupons, 1865, 1885, 1857;
1O4o registered, o7x ssis; August 73o lO6 l00is;
June 7-so, 1861 lo5H; July 7-so, 1851 1851
The gold market experienced advance from l34S at
she opening TO 1861 under rumors Of decline in fve
swentes abroad, arising from renewed excitement on
The Franco Prussian question. The absence Of the
usual press dispatches in consequence, alleged
Of the lines working badly east Of Boston, lefs these
wthou, contradiction but later in the day the London
quotations were received through the regular channel
~ - -Stf /
Only partial relapse, however, occurred, the closing
having been at 1885, There was brisk
borrowing demand for and loans were made at
varying from 132d to se4hs per cent II will be
seen by the following quotations that the decline in
nve-twenties in London today was limited 10 4 per
CENT