The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-01-20

covery from the sudden and unexpected depression OF
last evening, and At the o'clock public board Erie
sold at 621 *; Rock island, o. 98ss; New York Gen.
trial. lo77s Michigan Southern. rs; Fort Wayne, 05H;
Northwestern, AK; Union Navigation Company, 1871.
At the first regular board there activity
slightly improving prices New York Central closed y
higher than at the time yesterday, Hudson ls1l
Erie Y lowcr, Reading TX, Michigan Central X,
Michigan Southern tx ILLINOIS Central ~ Cleveland and
Psburg I, Rock Island ~ Northwestern IL do pre-
ferred TX. Fort Wayne 17s. Pacific Mil g. Quicksilver
Union Navigation y. Government securities ina;-
tive, and coupon hve-twenties OF 1865 declined "
noticeable decline in the investment demand for all
scripons OF national securities has taken place since
the Impeachment question began to be agtated in Con-
gress Tennessec skies Of tho now issue declined "
At the o'clock open board the market was steady
In tone. with fractional improvement on portion OF
the list New York Central sold at 10sh; Erie 83,S
NJ Readns 1925; Hudson, 1877 Michigan Southern
TIKI Cleveland AMI Ptsburg, 50 o. 81; Cleveland and
Toledo, ia; Rock isIand 90 a soK Milwaukee, and 81.
Paul preferred, 20: Northwestern, 4lx a y; d. pre-
ferred 7sX NJ; Fort Wayne, 9esS OF; Quirk-
silver 50 39TS Western Union Telegraph, 49,; Union
Navigation, IOs{ Maryland Anthracite Coal, 81
During the rcstof the afternoon the market was firmly
supported and At iaif.past I've the following quotations
were current:-Nw York Central, l0sx 4; Erie,
e3k 81 Reading 1922 * Michigan Southern, Tx
X Cleveland and Esbuv, 20 SOY; Rock Island. 9sZ
. 90; Northwestern,4lX u; do. preferred, 7sx TO-
Fort Wayne, 96k AZ; Quicksilver, 3e,s> 4O Marposa
preferred, 30 30,s. Western sunon Tcegssph, AZ
u. Compound interest notes were quoted thn~hy she
dealers: --June. 1884, 1854 III; July, 1854 az;
August 1l5K a116; October, 1l4A a lis; December,
ilsH ia My, 1866, i1lx e; August. lio1s
* september 1lox y; October ITO 1lok.
The 0rmnes Of New York Central and Hudson River
Is due to The support they respectively rccetviss
from the large holders belonging 70 their management
Thus Mr.. Vanderbilt, who tho principal owner oa
Hudson RIVER the sustaining power OF that stock,
while the new directors Of the Central are heavy hodes
OF Its stock The suppostion expressed in some qaf
ters that present quarrel beweon the two companies
had liz origin IN bear speculation the Stock Ex-
change therefor probably erroneous one. II was
more likely .bull" movement on the part OF the d.
OF tbs Central who wished TO force the HUDSON
and Harlem companies into making better terms with
them than heretofore and by the saving thereby effected
and otherwise TO increase the dividends Of the Central
20 appreciatng tho value Of It's stock and making
prootsb,s market for themselves Be this Il
may, howeter, the bear movement. II such was
intended has mot been successful Neither has
there bssu much II aSy, Of this stock Of either road
pressed for sale by outside holders owing mainly 70 the
belief that the dculty will soon be settled The sym
pashIes OF the public meanwhile with neither party
70 the confess and the project OF rival road ON the
western bank OF the Hudson meets with general ap-
prevail The action too, OF the State Senate yesterday
in passing bill introduced meet the present emer
gcncy is warmly commended BY this connecting
roads are compelled sell tickets check baggage and
transport freight without breathing bulk to all stations
along the connecting lines; and where disagreement
occurs the matter be referred to the State Engineer
end an appeal from his decision Is to be made 10 the
- Il In
have preference over all and while the
peal IL pending no interruption OF the rafic arrange
mcnts Is TO be permitted
Tho Albany Argm Of the 10th inst. had tho following
ia relation 70 the local traffic arrangements OF the New
York G ntral Railroad -
The subject OF local freighs on the Central which has
been discussed In the Legislature and by the press is
settled avorabsy 10 New York interests announced
that circulars have been sent by the President OF the
Central Company 70 the superintendenss snc AGENTS ~
pany give local reghfs the preference over through
freghts and directing them 10 communScaso q once u
ate ia the running Of freight trans, and what adds
tona facilities requisite 70 enable the company 70
give ample accommodation TO shippers u all points on
the road.
Tho money market showed great case, tho supply Of
ioana ,le capital being in Of the demand at
seven nor cent while the exceptions a. six were
more numerous than usual Lenders are indisposed
to employ their funds IN dscounting any su'
prime commercial paper while thoy obtain NE legal
rate Of interest for loans reurnabe deDsdo ana tns
amount Of this kind offering rs vcry sh ana scneFsy
taken 81 per The disbursement OF tne interest
on the third secs OF ssven-tsnsy notes. Amounting 20
nearly eight millions, which commenced ON the ION
inst has not been without influence upon the supply on
money in tho open market, while confidence among
lenders in the stability Of present values Is on the In
crease owing 70 the general expectation that Congress
vii withdraw the authority Of the Secretary Of the
Treasury 10 contract the currency. This should
be done without further delay. - the public
dssrusts his policy, which, u perssvered IN
rou,d serfously embarrsss the Treasury and pro-
duce widespread panic and disaster throughout the
country Nssriy seven hundred millions Of ssven-
thirty notes arc s ootstandinE and these oy being
into nvstwentss redsemable In currsncv
=, maturity a ths option Of the holders render !.
srnmcnt dependent upon an easy none - 90
the nsrt year and quarter. Thss m.s1l. 1880.
contracted, therefore, pSss inaaoeneas = - ne
three years nossa t>-s y 70 oov'sy -. = 1000
sion are dining fSrnmsnt both on 'ns 800. =.
Inssssd end oshsrwss, 70 saks ny - ,ns.-.-
sorosd resumption Of spsois paymsn~ won Ia
vssos .-,,rn tccs,vsd ooss~- - '1oA wasn'.--
cr,ss Bdsaa s~rnsss ceAnisss % BANKING ana
10y nsv'as reported -. RAndaiiS bin Subssisu,lpr
,ss. 'onse 'or asaonal bank notes. looks prcussins
nr 'ne 0ssss MesFsnt nsasurs. which has Tor
10 object the e7disafica u ths wesksus sI.msr. !.
our present AAsiiai ayisst a shs s.ns Ina = -.
wolves Tie nvinsot ssasiy twenty nilllons Der a.nm
10 go'd which ny paid IL istsrs.s q AZ hocd. y.
posksa y ne hnAs = basis u cireuiasos--s ysr
ooeadssaoe eam ? shsss days q Oppressive saxaslon
and commercial AMI manufacturing depression.
me forssn ezchrse market was Inactive a usual ON
sasuraay' ana rassswsn noninally unchanged. Baak-
~ os or kss,ss = SIXTY days wsrs quoted Al loex
!. mOe cayh ivy commercial Bills los 100; ftsncs
- ~ osys sls = =; ~ three days. klsk any,
= ssrl'n, stA nx; On Brs.ss, NIX ! 70: On
ssakfors, Aks AZ; on AmsSsrdam. 1,rsSI.
n..burs, ~k oeI; On Antwerp, sIsx Ier
ming stocks w~ nrn with the exception o. co,..,,