The New York herald., 1867-03-09
FINANCIAL AND COMMERCIAL.
TsipAY, March SO P. u

FRIDAY March s-eP.M
The stock market has developed considerable Grness
to-day the natural result o. the previous depression and
the arge short interest which has been created The
purchases yet mainly to cover contracts. but
there not wanting Indications Of q contemplated
movement among the bulis An active speculative pe-
riod is not generally looked forward TO- however till the
spring or possibly the especulaiors for rise
viii content themselves with quick turns and small
uroGts until the Of capital at their disposal Ia
much larger than at present. aud the street has been so
severely crippled during the last four months that II
lacks both the ability and tho courage TO undertake cpe
vaions ON heavy SCALE There is a moderate demand
for money from the Stock Exchange, which Is freely
met al seven per cent, with not few excep-
ticns at six TO first class houses. and loans on
government securities usually made Il this rate
whom the amounts large There Is steady demand
for discounts, and rst class commercial paper at sixty
days passes at seven per cent but longer dates submit
% TX g. and inferior grades TO 10 Lenders have
no difficulty in finding fu employment for all the funds
At their disposal but scarcity Of currency Is appre-
hendcd although the rate Of interest will not be likely
20 rule under per cent for some weeks at least 70
come The active demand for money in Boston has
caused remtancss be made there from this centre,
but the drain from this source may be considered over
There is no material change note In the condition OF
monetary sairs at tho wess the demand for loans and
dcounts being fully equal 10 the supply Of capital bu
without producing undue activity. taf
Al the ten O'Clock session Of the open board railway
shares were steady tho advance Of last evening" New
York central sold at 1o24; Erie, 61, Reading, lolh
III Michigan Southern, 7i,4 e; Cleveland and Pitts
burg, s0h a y; Rock Island, el1s NJ Fort Wayne
o49s; Northwestern, 81 u; do. preferred, 61sS AZ;
Western Union Telegraph, AK y; Pacific Mall l24
AZ: Atlantic Mall S9H 90: Ohio and Mississippi certin
Gates 26X o. At the trst regular board the market
vas firm. Tho steamship shares were strong Pacific
Mail advanced 10 1885, and Atlantic Mail to s01s. New
York Central closed x higher than at the same time yes
erday Eric l. Reading x, Illinois Central ~ Cleveland
and Toledo IL Rock Island !, Northwestern " DO pre-
rcrred TX, Fort Wayne x, Toledo Wabash and Western
2h Ohio and Mississippi certificates T, Pacific Nail ~.
Atlantic Mail g. Quicksilver H Canton /. Western Union
Eclrgraph x. Government, securities were weak coupon
of 1862 sold at 1868 ~ and issue Of 1866
dO7A Among the State stocks Missouri skies were
active and advanced per cent At the one clock open
board prices showed improving tendency. New York
Central sold at 1924 Erie, 54 o. 81; Hudson 100;
Reading, 1917; Michigan Southern, 7l9s; Cleveland
md Pissburg seJk II Rock Island. s4h "a; North
western, a4K Y; do. preferred, GA n; Fort Wayne,
p4%; PacHc Mail, 12S *; Western Union Telegraph,
lI. ls es Q y 8 aN see@
Al the second regular beard there was further ad-
vance in prices and the tone Of the market was firm
New York Central closed higher than at the first reg
blar board Eric ~ Reading u, Michigan Southern u,
Illinois Central 4. Rock Island y, Northwestern u,
preferred n, Fort Wayne y, Toledo Wabash and West
rn H. Ohio and Mississippi certificates " Atlantic Hall
x, Canton y. Yves ern Union Telegraph u. Pacific
NAH was lower Government securities were steady.
Missouri skies declined L
At the halfpast three open board the market main
aincd its impr wing tendency and prices slightly
higher New York Central sold at lo2s<; Eric, SAX ~;
Reading. 1021 n; dMchgan Southero, Tx; Illinois
Central I1S; Cleveland and Ftsburg, SIX Nj Cleve
and and Toledo 117H; Rock Island, e5 o5H; Fort
Wayne. sS; Northwestern, SAX preferred o2X os;
Pacific MAIL l2sK 124h; atlantic Mail, olK n:
Western Union Telegraph. a. subsequently, the market
emaned steady and At Eve O'Clock the following quota
ions we're curfent:-New York Central, 1927 XII Erie,
4x " Reading, lo2k u; Michigan Southern. Tx .
Illinois Central l14zt 1l5 Cleveland and Pi,tsburs,
uA "; Rock Island, olK 95; Fort Wayne OAK y;
Northwestern, SAX y; preferred. .62x III Western
Onion Telegraph, AK Il; Pacific Mail, 124K . X;
Allantic Mall, o1xaX.
The gold market was less unsettled thsn yesterday,
Ahough s declined during the morning from lsAN TO
SSk. Il soon recovered, however. to 134, and only
ared above and below this price during tho rest OF
be afternoon and the closing transactions 1S4
here was good borrowing demand for coin, and loans
cre made without interest and at Lilo 1-6A per cent
Der diem in favor Of the ondcr TIE 6rmness Of the
oreigu exchange marke', together with private
espatches reporting nvetwentics below "a in London,
Influenced heavy purchases 70 cover "shorts" as the
ommencemsnt Of busness bat the transient effect Of
hess was seen In the subsequent decline Speculation
the room u present preponderates largely on tho
bear side but when the spcculaors find IL Glcult 10
hammer the market lower they viii turn like aock Of
heep 70 bull side The partial subsdeucc Of the i'm
beachment agitation Is adverse advance In the pre-
mum; but should be revived gold will rise With It.
whether warranted by the facts NOT speculation being
ssdy TO Jump at every straw. 9a
Tho foreign exchange market very nrm, although
ess active than yesterday There is good demand from
mporters who avaIing themselves OF the decline In
:od TO remit Bankers bills England, a sixty days.
we're quoted the close Al 1859 losk at three days
o0k losk commercial bills 1os 10sk; francs, at
lxty days, 8 Tx $40; At three days, b1aS a617H;
pins on Berlin, Tx TAX; on Bremen, 7sK 7sk; on
Frankfort. IL a4lk; on Amsterdam, 4o1 AK; on
hamburg. S5X 3eK; on Antwerp. 35X 3c,s. .ss s.
securities have not yet responded TO the de-
line gold in tho London market The following quo
Ahons wero current the days mentioned:-s
Fs6 27 Feb IS March s.
FonsolS. u wa sur
Cnted States 5-20's.. 1874 "a
cns.. ........... 374 35H S!A
Illinois Central 80. ...... 7Ik 7dh U4
Mining shares were moderately active, and Aamada
iver especially arm, sellus up to 50 so Al the
rs, board Columbian Gold aud Silver clos,d l5c higher
,an al the second board yesterday. selling st 80 So;