The New York herald., 1867-02-27
FINANCIAL AND COMMERCIAL.

TUESDAY, Feb. 2c-6P. n
The chief interest or Wall been centred in
the gold market to-day The fluctuations ranged BE-
tween 1857 and 1851 TIL sseg two o'clock. when the
demand quickenod and the price gradually 10 ls9
s-the closing quotation under rumors from WASH
gon that the President would veto the Reconstruction
bill The supply Of coin equal 70 the borrowing de-
mand and loans made vithous interest and at
per cent for carrying
Tho railway share market continues dull and devoid Of
any speculative feature The balance in tho subTrea-
-sury has been reduced sl2s osl this evening"
owing TO disbursements on account OF purchases OF
seven-thry notes. part OF the funding process now
going forward, and these having their effect In in
creasng the supply OF loanable capital the street.
Loans have been made freely at six per railway
collaieras and At five on governments.
The Western money markets without material
change At Chicago first class paper is discounted with
moderate freedom when backed with collaterals; but
chat OF the second class is refused the discount
houses In the open market money is reported moro
abundant at per cent per month. The demand for
exchange the East is light but Notwithstanding the
supply inadequate and the counter rates are rm at
par buying and lilo premium selling At Boston
there a diminished demand Cor money, and conse-
,uenty the market is easier condition; but the
for call onsgovernment securities Is still six
per cent and miscellaneous collaerals seven, while
lrst class raper Is discounted at Z q per cent.
At tho ten o'clock open board railway shares were
dull but steady. Eric sold at o6h; New York Central
Io3K x; Fort Wayne, s6A. A. the first regular
board the market moderately active on q
portion or the speculative list, but stagnant
IN tho remainder The steamship shares were
weak Pacific Mail selling IS low as 127k on
tc CALL and Atlantic Mail at ST. although tho former
ciosed J2sland the latter at S3 Bank shares
1ou,and and Continental sodrat Jndl< (nuucrco ia
and Commonwealth 107 New York Central closed Il
higher than at the time yesterday, Rock Island
Fort Wayne IN Pacific Mail q Atlantic Mail 5k, Mari
poss preferred u. Government securities were heavy.
Coupon ve-twenties OF 1862 showed decline of u, is
sue Of 1865 ~ ten forties h. Missouri skies u
lower Tennessee skies u. At the one O'Clock open
board the market stagnant and unsettled In
New York Central sold l03 Erie, So: Hudson, l37S
Cleveland aud Piitsburg, s0 Rock Island e5x; North
western preferred, 65; For Wayne, OAK.
Al the halfpat two regular board prices frac-
sion higher and the speculative feeling stronger.
The steamship shares improved, Pacific Mail
selling up TO 100, and Atlantic Mali to So
New York Central closed higher than at the first rcgu
Lar board Rock Island u, Milwaukee and St Paul pre-
fencd u, Pacific Mail " Atlantic Mail az, Canton u.
Northw esic-n preferred 4 lower, Toledo, Wabash
. and Western r. Government securities were entirely
Neglected with the exception Of two trng transactions
In thirty notes Tennessee skies of the
we're lower. At the halfpast three open board rail-
way shares firm but inactive. New York Central
sold al 1o3; Erie 36A Michigan Southern 725l; Rock
Island, 965s; Northwestern, SO; do preferred, 654
Fort Wayne e5K; Western Union telegraph, 42I; At
lantic kail S4z s5%. Subsequently the market
named seady but dull and at haltpast i've the follow.
Ing quotations current:-New York Central IO3x
X; Erie SEX 4 nddson, lsS 1877; Reading, 1857
l04K; Michigan Central, 1O7X l0s; Michigan South
ssn. TAX ,S Illinois Central 1le; Cleveland and Pitts
burg sok "; Northwestern, SO 3sX; do preferred,
SIX *: Rock Island, 90 u; Fort Wayne. ss,< k
Western Union Telegraph, 42x X; Quicksilver, ssx
sox: Atlantic Mall, "a IS; Pacific Mail, $50 1871
Nsripdh preferred, FAX 23K.
In the midst Of the prevailing dulpess and depres-
ion reference to the past OF the railway share
smarkes interesting and therefore suhoin the fo
lowing statement Of prices the beginning Of Septe m
sber November and January last. respecfvoly -