The New York herald., 1868-02-26
FINANCIAL AND CONNER cIAL.

On Toe utroot poinx AsIS AAsA LOaRS were made at
rates varying from three to seven per for carrying
showing the suppl TO be largely in excess OF the do
mand. and this viii be further increased by the
disbursement Of the ssmi-annnsi intsress on the
forty loan due on the lst Of March, the amount being
about ave miiliona The apathy with which the news
Of the Presidents impeachment was received In the
Gold Room source of general SURPRISE and the won
der why the premium did not rise under the influence
Of an event OF such political importance and one
moreover without precedent In the history or this OF
any other republic The indifference displayed 10 no
doubt owing mainly TO the belief sha, impeachment viii
not lead 70 violence and that the President 10 finally
deposed the oct and its consequences will bs purely
political In their character The feeling OF alarm
and distrust which nlled the public miud whom
the subject Of impeachment was hrst broached
has given place that kind Of excitement
which the gold premium fails 20 indicate.
and 30 far good sign Another
why gold did not advance under the Is TO
30 found In the that the speculaors nearly
oil loaded up with anticipation Of RISE and conss-
luently they all the market Sellers and
buyers II they had been 'shorp there would have
been scramble to 0uy winch would have put the pro.
MUM up. Pending The trial before tho Senate
uneasy feeling Is likely 70 prevail which will operate
against any material decline IN the premium II 1t does
not favor actual advance The steamer Cimbra
took out $3.50 900 specie.
On the Stock Ex -nanse there has been somewhat
tess unsettled ieen uau there yesterday and strong
efforts were made oy tue bulls rally the railway share
market but at the ADVANCED quotations there we're more
sellers than buyers. aad the Indications at the close
we're 10 favor OF relapse The decline OF the past
IN Erie has involved the bulls heavy and
erted very demoraz,ng effect upon the speculation
for rise, from when 1t viii be slow to recover. The
street naturally feels nid about buying the stock
absence any specia SUPPORT and has lost confidence
IN those who attemp ed TO lead tho last bull move
mont and who "a ond leaders Of the blind, led them
only TO ruin That Erie c.eap prices CO. and that
~ith good agemeut IL ought TO be worth par, we
have often remarked but does not follow that the
present unsettled Of the will not 90 con-
s,derabiy lower even II other do not break down
also for Wall street rushes from exlremo another
and from being very builisn become very bearsh
Nothing new has trauspred in relation the suits
against Mir Drew. and whether they withdrawn or
oot will matter le SO Tar as the course Of Erie stock
IS concerned The uIrec tba. the proposed
pact between the Er.e New York Central and the
Pennsyvsua Central lines will not be entered into by
The Erie for the reason that II do much letter by
securing broad gauge route TO Cncago There was an
ictive demand Tor money tins afternoon but II was
easily supplied at six per CENT below which rate there
~ere Few or no transactions even on government
surities. The dram OF currency into The Sub treasury
and to tho South aud Teai Is larger than looked
Tor, and both botrowes and lenders are beginning
70 adjust themselves u y SIX per cent money
market aud diminished surplus OF loanabIe funds
The mercantile demand ,or money is increasing and in
discounts tnoro Is hrmness the general FOR
nrst class commercial paper being per cent This
adverse turn In the loal market Is used tho be In
stocks az argument their favor. but there is no
nroh Of ha tNv fall, af
sor an indefinite length OF time TO come, although
rste Of interest may De aivaocsd For speculative pur
poses however. per cent market IS rs good as
cheaper one, aud Wall street adapts itself TO
changes in tho rate Or interest Stocks which dis
proportonately high. Ike New York Central and
Hudson RIVER will be likely 10 decliue and become
adjusted TO tho range Of the general market and the
Inducements To sell those and buy governments are
very strong just for the latter the cheapest
securities in Wall street a. the present time, while
those previously referred TO are the dearest, and
dependent to great extent upon the prestige of
Blu. those outside of Wall street will do well TO
keep out OF it,
Government securities weak during the morn.
taa. but the al eruoou under improved demand
portion OF the decline OF about q half per
recovered, and at the cose tho market dun hut
steady a the suboined quotations Registered, 1884,
ll1A 1llh; coupon. 1881, INK NIX; 5.2os
registered, 1862 1865 1918; 52Os, coupon, 1862,
uIn q me-; do, 1864, 1917 . l0sH; DO, 1865,
a09 . 1927; do, 1865, January and July, 1861
f67 do, 1867. lo7H 1919; lo-4o's, registered,
i0i . l0Is; lo-40's, coupon. l04. l045s; Juno
1908. 1868 l06s4; July 1905, 1861 lo6;t;
May compounds. 1854. NIX lls, August do. 10y
III; September do. ll6 ll81s, october DO, ll5h
sIisI.
Al the commencement OF business the stock narse.
nd md cf Eria
esss AZ the early OF tho open board Erie sold
a. 66Js q 67h, aud New York Central q 1856, q 1926
AZ the first regular board the market was active but
srmer, and New York Central closed q lower than at
,hs time yesterday, Erie IL, Michigan southern
~. cleveland and Putsburg III, Cleveland and Toledo
"a, Rock Island " Northwestern !, do preferred a.
FORT Wayne e, Western Union Telegraph y. Pacific
Asii u higher. Government securities weak.
Sizes Of 1881 closed lower, coupon 6ve.twenties Of
1884 =, new ISSUE Of 1865 u, issue OF 1867 u.
soupon ten-fores X sevcn.thirtes. second series,
ahird oeries u. The express stocks were dull and y
~, lower AZ the open board II o'clock there
further improvement In prices. with sales of Erie os4
es,t, and OF New York Central 1t l27 l27;s. Follow.
lag The call Q steady feeling prevailed, and
Al the second regular board prices were frac-
zion higher and therc moderate degree OF activity
New York Central closed higher than ~ the nrst regu
tar board. Ere a. Hudson River q, Cleveland and Pltts
burg 4, Cleveland and Toledo r. Rock Island u, Mort
wsstern preferred " Fort Wayne h, Pacific Mail l.
Atlantic Mai y, wsGsrn Union Telegraph y. North,
~sstern was lower. Government securities were
irregular. Coupon hvs-twsntss Of 1862 closed y lower
Of 1866 u, new ssi Of 1907 u, thirues
second series y Coupon nvstwentes Of 1904 were y
aghsr issue Of 1855 Y. The express shares duh
and * y per cent higher Al the open board n hall.
past ,hroc the market remained nrm and New York
Central sold at i27N; Ere, esx; Michigan southern.
aoJs s1 Cleveland and Ptsburs, 941s: Cleveland and
Toledo. Io7x . io7k; Northw wss,srn, 5s< q 90; do
preferred. TAX 70; for WAYNE 100 loos; Western
Union Telegraph, 34K; Pacific Mail, 1884, After the
call there was sharp advance Pacific Mail 10 li4H
three per cent aoovs the highest prco Of tho day.
rhIls Erie vas bid up TO 69H aud New York
Central to l2sx. The improvement was not sus-
sansd, however, and N the close the marko, was
somewhat dropping at tho following quotations =
rev York cen'ral 1919 l2I[; Erie. esjs os,.
%.