The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-01-22

The action OF Congress upon the currency question
still awaited with great interest and anxiety by the
financial and commercial community, and business Ia
suspended to great extent In consequences. Yet the
bankers and merchants Of the country take action
themselves TO force the subject upon the attention OF
Congress, and the billiards both houses obliyious
TO the urgent necessities OF the nation. The leading
financial and commercial OF this city should there
fore the initiative In the matter by calling public
meeting at the Chamber Of Commerce elsewhere,
and adopting resolutions embodyng their views
the course Congress should pursue The necessity Of
stopping further contraction Of the currency. ncud-
ing compound interest notes. except 70 a nominal
amount per annum as they mature, should be urged
and reduction Of taxation demanded. The expression
OF opinion this subject should be sufficiently decided
and emphatic to indicate tho sentiment Of the people at
large and the dangers arising from a perseverance, in
the present fiscal policy Of the country should be dis
tnctiy pointed out II they neglect do this they will
fail to perform duty which they owe TO themselves
AT the early OF the public stock board the
ket opened with rather firm tone and owing to the
settlement OF the difficulty between the New York Gen.
trail and Hudson River railways the former advanced
1905 and the atter to 13o Erie sold at 64 and North
western ut a. At the first regular board New York Gen.
trail closed Il higher than at the time Saturday,
Eric Il Hudson 4, Reading 4, Michigan Southern 4,
Rock Island u, Northwestern r. Fort Wayne x Pacific
Mail Union Navigation Il, Toledo, Wabash and West
x, Ohio and Mississippi certificates r. Government
securities neglected but steady In tone Seven
thirty Of tho second series advanced T. Tennessee
skies, coupon, we're y lower After tho call the
board temporarily adjourned upon the announcement Of
the death Of Mr. John p Duffy, OF the firm OF IT, 7.
Morgan Co., and resolutions Of respect to his memory
were passed AT the one O'Clock open board
Yark anti md Hudeo
lower, selling at 1osT and 100 respectively,
but the rest of the list remained steady At
the half past regular board the market was firm.
Erie closed higher than al the FIRST regular board,
Reading ~ Michigan Southern Y, Cleveland and Pitts
burg ~ Northwestern 4. Fort Wayne was 4 lower.
Government securities dul and thirty notes
Of the second and third series declined r. tennessee
SKIES Of the new issue 4 lower
At the halfpast three open board prices advanced
fraction and hopeful feeling prevailed among the
bulls New York Central cold at 10sx; Erie, 6iz;
Michigan Southern, 7s; Cleveland and Ptsburg, soii;
Reading, l03K; Illinois Central OK dividend, 115is;
Northwestern, 42x;--preferred Tx Ia 81; Aariposa
preferred 3ox r. During the remainder Of the after
noon there was material change. and at halfpast i've
the market closed steady the following quotations.
New York Central, 1osx X; Erie, e4x X; Reading,
loa loak; Michigan Southern. 7sK AK; Cleveland
and Pitssburs sok q v; Rock Island, eox n; Fort
Wayne. ooK y; Northwestern, AK . k;-prefsrred,
70 79x; Western Union Telegraph AK X. CON-
pound interest notes were quoted shus--June, 1894
1lex III; July 11o4 "; October, 114x nc; De.
cemser, llak ii4; May, 1896 1l1K q: August,
i1oK x; September, l1o,< n; October, 11oa 1lok.
There was tsle o. no business Of importance transacted
IN foreign exchasse, and rates were nominally I'M
changed Bankes' bills on England a sixty days wore
quoted at TIE close - loek Nj at three days ilck;
commercial bils losk 100, bills o. Berlin, s2K X;
on Bremen, 7Sk 70; on Frankfort ak AZ /; on Am
sssruAm aka y, On Ea'nbsrs, ssxa y; On Antwerp,
ASK t1ek. as sss
Mining stocks were duil ana Ccvydou w. ths rmest
OF the Colorado sharsa AZ he ast board corydon
closed 1sc higher than - The ams time on Saturday,
selling u - ~ Consolidated 0ssUsy Goa wss Soc
lower selling q e1s 10 q o. AZ Ne sscosd bsrd Con.
sodassd 0rsgou Gold clossd loa higher than d me
arss board. ssll!ns % y d s aG'a nm 100, ceiling