The New York herald., 1867-04-06
FINANCIAL AND CONNER cIAL.


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Aas FRIDAY, April 5-ePM
The stock market showed dscidsd ehspss d. ~.
better this orang attended by general advance b..
the improvement was not fully sustained In the sfsr.
noon. although opinions generally are in favor Of rse
ifter the restoration Of monetary easc There was
marked increase tn the supply Of monsy to-day
ns compared With any previous day this weak,
and borrowers IN fair credit generally well supplied
~ seven per csuh while In some instances houses found
themselves late N the day With large balances ist over
and had 70 send out 70 lend them. There were hardly
any noteworthy exceptions n the legal rata IN gold and
tne monetary aas has evidently sst In strongly In favor
OF Wis 0ey. AZ the same time the recent somewhat
prolonged strngeucy u almost nexplioable to thoee
unacquainsd with the peculiar working Of the national
banking ystsm. There ID moderate smouut OF srst
class commercial paper Offering which il discounted Il
rates varying from seven 10 nine per cont a ssa4T
At tho early ssssion or the open board the market
showed an improving tendency New York Central sold
at s5k y; Erie. 65k a "; Reading, l0lk; Hudson,
1S6; Toledo. wabash and Western, SIX; Michigan
Southern, 70X II; Cleveland and Pittsburg, 7ex y;
Rock Island COX slk; Northwestern, sSX slh
DO preferred. 62K K; Fort Wayne, es eSH; Pacific
Nall. 120 = 12ok; Western Union Telegraph, AK
At the nrst regular board there general dispos
uon 70 buy, and the Improvement In prices made fur
ther progress New York Central closed v lower than
y,
Nail lk, Atlantic Mail 1,s, Cumberland Coal r. Erie
was u higher, Hudson H, Reading y, Michi-
gan Sosthern lk, Cleveland and Pittsburg x,
Book Island X, Northwestern X, do preferred lk,
Fort Wayne 1x. Milwaukee and st. Paul preferred /,
Ohio and Mississippi certificates " Quicksilver Western
Union Telegraph y. Government securities were dull
but steady In tone. Coupon ve-swenties of 1862 ad
vanced ~ and the Issues of 1864 and 1865, new, de-
cined H. State stocks steady At the one O'Clock
Hao-d Az
York Central sold al l0lH Ak; Erie, SO 56x; Read
ing, l0lk ts co., Michigan Southern, 7lX; Cleveland
and Pttsburg, TEX n; Cleveland and Toledo, 100;
Rock Island cox; Northwestern 34k; do. preferred,
02X 63; Fort Wayne, 93x; Pacific Mail, 12l l22;
Aariposa preferred, 2l1k
At the hafpast two regular board the market suffered
partial relapse although there pressure SELL
New York Central closed Y lower than at the first reg
ular board Erie H, Michigan Southern ~ Cleveland and
Pittsburg u, Northwestern 1do. preferred n, Pacific
Mail u, Quicksilver y. Reading was Il higher, Mil
waukee and St Paul preferred u, Cumberland " Gov
ernment securities steady but dull Coupon i've
twenties Of 1854 advanced y.
At the three o'clock open board prices lower the
decline being generally attributed to report that Gov
Fcnton had decided the New York Central
fare bill New York Central sold at 1907. Erie, 55aI
n; Reading, 1919; Michigan Southern, 71H; Cieve-
land and Pittsburg 75k *; Rock Island, s9H a x;
Northwestern, 81 do. preferred, 62L 62H; Fort
Wayne, 92X; Pacific MAIL 100 l20K; Western Union
Telegraph, uK. subsequently the market remained
steady but the speculative feeling was tame and at
halfpast i've tho following quotations current:
New York Central, loox *; Erie, 55,< 1sj Reading,
1olX X; Michigan Southern, 7OX II; Cleveland
and Pittsburg TAX 75 Rock Island so,I s9,: Fort
Wayne, o2X o3; Northw os.ern, s3X "a; do pre-
fsrred, o2K x; Pacific MAIL l19x 1a0K; Atlantic
Mall 80; Western Union Telegraph. Al AK Mariposa
Preferred 81 2lx; Ohio and Mississippi certificates,
25x.
The gold market has been heavy the range Of the day
having been from lss 70 1884, with the closing trans
actions st ls3 The supply Of coin for delivery
of the demand. owing The continued sales OF
the Treasury supposed TO be about equal the daily
receipts and loans made without interest and at
90 per cent for carrying The fact Of the coin IN the
Treasury having decreased 554 during March,
shown by the debt statement goes to show that the
department must have been free seller in that month
The eec. Of these sales is to withdraw currency from
the banks in return for which they receive its
equivalent in gold, which Is counted portion Of
their loyal reserve When the SubTreasuy boards the
currency thus withdrawn Increases the activity OF the
money uaarksA % the axtsnt hst~es.
the amo~us In currency locked up and she amount In
gold paid out but when the subrreasuy dsburses the
currency thus received simultaneously with ts receipt
ths effect Of the gold sales favorable 70 easier con-
<ditiou Of the money market bscanse the banks
chen have not only the gold which the Treasury has
sold but the currency which used TO pay FOR IL also
Il s claimed sha the Treasury now distressing In this
manner % q to prevent any deraugement Of monetary
affairs arising from its current sales OF coin.
The foreign exchange market was rather heavy during
the morning, but towards the close there was good
demand for bills from importers and bankers bills on
England at sixty days quoted at loSk X at three
days 100 1osx commercial bills lo7,S 1osk; francs
at sixty days, 616k $40; at three days. S.1oK
GlsK Bills on Berlin y q 72k; on Bremen, 7sh
7sX; on Frankfort 4ox a Al; on Amsterdam, 4oT q
AK; on Hamburg, 80 sek; on Antwerp $40 q
6lSX.
Consols and American securities quoted in London
e under on the dates mentioned:-