The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-02-08
FINANCIAL AND COMMERC GAL

With regard 10 the impeachment Of the President and
after opening 14lT and selling at below this point
II advanced TO 1l2k and the closing transactions prior
TO the adjournnsut Of the board at A2k, follow
lag which the quotation declined to I42 lax. Coin
continues In superintendent supply, and wero
made 81 rates varying from three 10 x per cent The
gross clearings smorntsd TO $751; $4,000. the gold
balances to $3.50 SIS and the currency balances
to Si.ss7eos The bulls argue that the radi.
Gals will sndeavor 70 remove the President at
all hazards, and that he II not actually
mpeaehed matters will no carried TO the verge OF I'm
psachment who the bears argue that, impeachment
would produce . violent reaction the public mind
which would be death the republican party, the rad
Gals have too much method in their madness TO resort
70 extreme and thereby take rope enough
hang themselves. In any event. however there will be
nothing 10 all this to materially Affect the premium
commercial grounds, and with the subsdence Of po-
cal excitement il will rapidly lose the advance which
would inevitably accompany the agitation Of the i'm
parchment scheme which To- nevertheless looked upon
BY financial men moro In the light OF party ques-
ton than anything else. and mot calculated to
involve any more serious result than bloodess pontI
cal revolution Tho statement OF the public debt for
January shows, expected, increase Of nearly
twenty millions in the amount owing the pay OF
the semi annual interest due the beginning OF the
and tho redemption OF the principal the bonds
Of Is47, as we'll the falling or the
eeipts Tho amount charged or Of interest
and the principal Of the bonds referred $2e slS
200 and this together with expenditures OF
tho government made . total Of $l2 100, 800 from
which Il follows that the receipts customs istsrna
revenue and othsr sources Aggregated about twenty
three millions
The stock market has been strong and active all day.
excepting at intervals whom the bears offered
sstance to It's rising tendency. No rumors
by the bears with regard Erie but the
feeling Of the street strongly against tho speculative
director for the no has in order to break
down the stock FOR the purpose OF buying
at tho decline. He is still occupied in hammer
Ing and buying alternately, bat he Ands is din
cult % buy much more than hs sells without
advancing tho price. and whom that he cannot
get any lower he will probably his tactics ana
operate for rise. That such should be the lead
ing spirit OF great corporation like tho Eric is
grace 70 the railway management Of this country, and
would be public bensnt II some enterprsng capitalists
we're to combine the control OF the company
from his hands and place It under the management OF
some one IN whom investors could feel confidence,
and IN this connection no one 80 we'll ftted
for tho trust as Commodore Vanderbilt occurs
u rs, although change could hardly fail
TO BE- for the better. Tho plethora or capital
seeking employ ment is the increase and in
consequences Of the still dull condition trade through
out the country there is field for
side OF Wall street. II therefore fail stimulate
speculation the stock Exchange and suspension
OF currency contraction gradually strcag con-
ndeucs in values Loans made freely by the banks
government securities four per cent and on mixed
collateras at nve while FIRST paper
which the supply very limited. In discounted 5X
9 per cont.
The investment demand for government securities at
tho counters Of the leading dealers has brisk
the advance In gold stimulated purchases Of Ave.
twenties for shipment Senator Sherman's funding
bill had little effect upon the market "a prices
were y u higher than yesterday In the afternoon
there was very little animation the dealings, and
in ssms instances the bids we're 4 lower
than the morning, bat the market closed steady
AZ the commencement Of business the stock market
strong and 1t the early session Of the open board
was moderately active At an advance or u y per
cent upon the closing prices Of evening Erie sell.
ing At tax At tho first regular board there
large volume OF business transacted and prices
tho ascendant New York Central closed ~ higher
than at tho same time yesterday. Erie x, Reading q,
Michigan Southern / Cleveland and Pittsburg Ia
Cleveland Toledo y, Rock Island 81 Northwestern
preferred x, Fort WAYNE TX, Milwaukee and 81. Paul
l. do preferred TX. Canton az, Western Union reis
graph x. Pacific Mail vas q lower, Atlantic Mail Il.
Government securities dull, but strong. SKIES of
1881 closed higher, coupon Hve-twenties OF 1854 H.
coupon ten-for,ies y, sevsntnrliss third series y.
Express shares were 4 1,s per cent higher
After tho call Eric rose 70 FAX .4s.,
but Al tho open board at one O'Clock
prices slightly lower Erie selling IL A. the
second regular board the market steady, and New
York Central closed y lower than the first regular
board, Reading 4. Rock Island y higher, Canton
TX. Government securities were steady. Sizes OF
1881 closed y higher. Coupon hvetwentiss Of 1864
y lower issue OF 1867 u Missouri ad-
vancsd Y Tennessee SKIES Z. The express shares
lower After the call the market became heavy
and DULL and the last session Of tho open board Erie
sold al 7ss4 and Rock island at ssa. subsequently
the quotstson Erie declined T3. . 73ss under
renewed hammsrsns the part OF the speculative d.
rector and those cooperating with him. VINO appear 10
enjoy che pasme Of rowing mp and occasionally
seeking relaxation IN buting their heads against
wan The market recovered from its forced Do.
preston, and Eric sold mp 10 TAX again. Az the
close nj haifpat I'VE the following quotations
current. the tendency at the time being towards
further Improvement New York central 1881, q
1881; Erie, "a 7t.; Hudson River, N8< . IS7:
Reading OAK q 94t.; Michigan southern, % = S21
Cleveland and Ptsbura, 81 97x Rock Island. ss5<
%; Fort Wayne. 1929 l02h; Northwestern ssy. .
| 60; do preferred, s43s T&h Pacific Mail. I0ss. .
lOSx; Wessern onfon .eiegrapn, NY ooIs ONO ana
| Mississippi certificates, 32x a. 80.
The foreign exchange market weakened In eonse.
quencs OF the advaaos in gold and tho
supply OF bills drawn against shipments OF vetwsnsiea
Bankers bills on England u sixty days wsre quoted
| At the chose at 1905 . l09I al thrso days,
| ITO . 1)0H; commercial bills 100 . 1904. Bills
| on Paris AZ SIXTY days, sax s.I3ss; Al
three days. 5.13x 5I2S. On Bsrlin-Bankers', Ts<
i Tx; commercial, 71h. On Bremeu-Bankers',
70 . 7ox; commercial. 7sss 1877. On Frankfort
Banksrs', 4oJs Al; commercial, <oS sol. On Am
sssrdsm--Baukers', Al AK; commercial 40s q loil
| On Hamburg--Banksn, Sh; commercial. 35x a
&C. On Antwerp BAuksrs', 5los. commercial, 5ls.4
si7.s.
The recspt for customs and the receipts, ynont.
and balances the Sab Treasury Ia this city for the
| pirsd portion OF the week have been follows
Cns,or, Hossa SUB 7pcdssry -