The New York herald., 1868-02-27
FINANCIAL AND CONNER ClAL.
WEDNESDAY, Feb. 2s-sR


ana the fluctuations from l4l Is at tho opening
l4e& al The close, the latest quotation the street
having been I40gS l4I. The government supposed
10 have been seller Of coin and buyer OF thirty
notes to a derable amount this week. and hence
the floating supply of gold has been and the
rates paid having It carried have dvanced Loans
wers nase a. per cent per carry Ing and
1872 per cent per diem The gross cearns amounted
20 SOC 0o0 the gold balances to 81 Cos the
eurrsncy balances 10 S402s,o ,o6l. American silver is
quoted a. "a per cent below tho price of gold and
Mexican dollars rated at 1o2s! i0Sk in gold The
steamer Palmyra took out 1921, 900 in specie. The
tsmper OF tho market is rather bearish than ulsh
ana The tranquilzed condition OF affairs at Washington
is exerting reassurlng influence upon the public mind.
lttbe same there is probability OF the premium
declining materially while tho impeachment trial is
pend NJ sai II viii DO liable to moro than ordinary
fluctuations until after the nna result is reached So
The foanc!a legislation of Congress concerned
there Is nothing OF disturbing character apprehended
the Sherman funding bill, ,hough not finally disposed
Of, being regarded a scheme mischieyous TO
merit the serious attention OF Congress, while the
various schemes FOR initiating the currency introduced IA
bolh houses have already received their quetus TIE
gold bonrd followed the example OF the regular
and open boards in passing resolution forhddng its
members their representatives from attending the
uptown evening exchange probable that the custom
Ct dealing stocks and gold at nght vii. not DO re-
yived
There has been active demand FOR money egan to-
day. anc the fuzzy six per cent for call loans
ssh exceptions at lower figures, govern
uent secuIites The discount ma rke. coniir ues 1rm
and commercial paper in enlarged supply but tho best
grade passes per The Increased monetary
ac,vny il erertiug depressing effect upon the stock
market, and speculative holders becoming uneasy
prospect before them. There is danger of the
supply Of loanabe funds falling short of the demand,
however. for indefinite length OF time TO come, but
should the banks continue TO Lose currency they would
doubtless make effort or interest
per cent although u is hardly likely tina; the ad-
vance would be maintained. Tho active movement
money is matter OF very minor consequence, how
ever in depressing the stock market The demcraliza
lion Of the bull element began with the break in Erie
7SL, and the decline OF than per cent in
at stock has caused general yielding in the prices Of
other railway turned the OF specua
ton and the chief anxiety Of holders OF stocks now
70 sell them rather than buy more as IL WAS week
or two ago The Work party say that the suits against
Daniei Drew will not be withdrawn, and The Drew party
declare thar the Erie Company will JON the New
York Central and the Pennsylvania Central IN the pro-
posed compact for tho consolidation OF earnings. The
Drew case up this morning before Judge Barnard,
when the latler adjourned the hearing until Men
day next it beng, he understood, the purpose
Of the General Term 10 hear argument on
Friday the matter and this might result in removing
the jurisdiction Erie to engross
The attention Of the street. and the fluctuations during
Tho day were rom IT.. to IS, with tie closing
actions nearly the lowest point the tendency OF the
stock being downward the present unsettled condition
OF tho market ard the absence OF special support
The bull cliqgcs occupied in sustaining their
particular stocks which they find arc hanging heavily
their hsuds and but FOR this support the demoraza
zion already existing would rapidly oxtend over the
ontire for speculative railway shares But whie
is dangerous tc buy them just it equally SO to
ss them .shor and therefore tho outside pubic will
d. well neither buy sell present but, far
sWan is concsrned, preserve mastery mac
tivity, for in either they would be likely hnd
thsmselves nceced by SIDE or the other within a
short space Of time, II being tho ordinary fortune Of
outside operators long be ground between
the upper and neither millsones of speculation, and
tAere could be favorable time than this for
them TO TO meet their fate
Ills announced that tho OF the Farmers and
Ctizeps' Bank Of Williamsburg has made dividend to
the deposiios OF hftynve par cent and that the re-
csiver OF Croton Bank OF this city, has likewise
Ascared dividend OF nifty per cent to lis depos',ors
There was an improved feeling in the market for
government securities, and the decline OF yesterday
brought In buyers for investment well specua-
sion There is nothing 10 the impeachment
ssnsation, IL may judge by tho OF gold "a
fsnding bill may Do regarded as airsscy dead nc
financial proposed oy this Congress having been
more cmphaicaliy condemned by puoc opinion:
and the may be said with equal force OF
Mr. Henderson's bill competing the national banks
70 replace the old bonds deposited as q basis
Of circulation with the bonds provided for BY
the Sherman bill At the close the market was
steady the following quotations, and the indi.
oations favorable to general recovery o.
pr,ces es:-Regstered, 1851, ll1H 1l1H; coupon,
1881 lll4 NIX; 5-2os, registered. 1862, lo7 .
lo7A; b-2os coupon, 1852, III a 1l1Si do, 1854,
los l0s1s; do, 1865, 100 1905 do, 1865, January
and July, 1867 a lo7; do 1867, 1915 1915
lo40's, registered, 1oih lol1s; lO-4os, coupon,
lo4< lo45s; June 1905, 1855 io9'si July 7So &,
1oess 1867; May compounds lsG4. ll714 lls
August do lI6K III; September DO, 1l6 lleb:
October do, ll54 lloi1.
The Secretary OF the Treasury. reply resolution
ofthc use Representatives that the
Of tenorty bonds sold oy him Ia The three months and
twenty days embraced in the report-namciy, from
October J. 1857, 70 January 90 ls6s, inciasiye-was
ts,i4Io0o The premium received ranged from = 10
25s, and aggregated the sales que tsn il0s 29s.
All such transactions these should be conducted pub
lcy, and the sales and purchases Of securities during
each month should be mlnutoy specified the perodi
cal statements Of tho public deDl
Al the commencement OF business the et0cs market
weak and unsettled and Eric seld al 67 % OK.
Al the early session OF open board rrices
fraction higher Erie selling G77s o., Pacific Mail
III and Western Unon Telo rapb al 81 Y. Al ,ne Ira!
ular board the market steady and rahei active
the second call E.ie broke 70 6I3s
st tho rest Of the markel weakened sympaihe.caliy
a~ York Central closed Il lower tran at tic same iimo
>eaterday, Eric =, Michigan Central Ia Cleveland and
Fttsourg n Cleseiand and 10 edo 4 hjsher, Eock
Island u, Northwestern pretc-rei 4, Fort Wayne -
raciic Mai Ia, Western Union Telegraph ~. Gossn
ment securities dul. Coupon avctwonLes u 1852
closed u lower seven.itrtieS second scnos, Il tnfJ
lSr1cs y. Coupon 1ye-tvoniiss cf 1866 adyarccd ls
lev issue Of 1867, u couFon tenforucs, =. Iiseour
kes active advance Of three per cent. AZ