The New York herald., 1868-05-17
FINANCIAL AND cOMMERC CIAL

SATURDAY, May 1916 p. NJ
The gold market opened at 1899 this morning and
advanced to 13os before the receipt OF the news OF
the Presidents acquttal the charges preferred in
article eleven, following which there was decline
to 1885, and the closing transactions prior TO the
adjournment Of the board and afterwards were at
l3s1a. The current Of speculation was but very
slightly Influenced by the verdict Of the High Court
Of impeachment" although the conclusion jumped at
was that there win be no further vote taken on the
subject, and that Mr.. Johnson will therefore remain
in office until his term expires General satisfaction
was expressed with regard to the result OF this test
vote, and the sense Of relief experienced was much
greater than 1t probably would have been II the
verdict had been Of an opposite character although
the main object which Wall street had in view was
termination OF the trial whatever the result might
be. The vote Of the Senate became known
to few about one O'Clock, and it spread
through the street in the space OF few seconds,
more excitement being manifested over 1t than any
thing that has occurred for long time past. On the
Stock Exchange, however. it had not even momen-
tary influence prices, and the volume Of business
was neither increased nor diminished in conse-
quence. There was a rather active borrowing de-
mand for coin, and loans made without interest
to either party and at AZ per cent for
carrying. The gross clearings amounted to
s41, ,6S6O 600, the gold balances to 81, ,S29, GG9
and the currency balances to The steamer
Vile de Paris took out 81 1851, ,050n specie, and the
City of Antwerp $3.50 making the total export for
the week $3,l5O45s. The Assistant Treasurer sold
about half million Of gold and bought million OF
seven-thirty notes. More than two millions of COM
pound interest notes were redeemed In three per
cent certificates, and the ''baance'' In the Sub
Treasury was reduced nearly nine millions and half,
owing to the compound interest notes being charged
or the books. American silver Is quoted at 81 6al
per cent below gold, and Mexican dollars are in
moderate demand at 1O3H a 103a< in gold.
Money was in very abundant supply all day, and
loans were made mainly at five per cent by private
lenders while in some instances balances left
with first class borrowers at four. The rate asked
by the banks six per cent, but the demand from
the Stock Exchange was very light, and therefore
large amount OF funds remained unemployed. The
statement Of the associated banks Of this city for
the week ending to-day, nevertheless, disap-
pointed expectations to some extent, as q large
increase In the reserve had been looked forward to-
The legal tender notes show an increase Of $7l25s
the deposits Of $2 1877 and the loans of ST. 00
while specie has decreased $347 and the circu
ation $12 16O The key to the real condition Of the
banks is to be found In the addition to the deposits
which indicates the return flow OF currency from
the country, but as the receipts are in national
bank notes, well greenbacks the effect is not
fully felt In the legal reserve. The totals Of the last