The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-30
FINANCIAL and COMMERCIAL.
WALL STREET, |
ERIDAv MarOh o0-0 - AZ


WALL STREET,
FRIDAY. March 20-0 r. NJ.
the holiday OF Good Friday has been observed
with considerable fidelity, but the cacOethes specu-
tondf Got the better OF o few OF the less pious
brokers' with the result OF dealings In both gold and
stocks The banks were open as usual, and also the
brokers who transact BANKING business. the pro-
prety Of making the holiday legal one is urged
even by those who are not the foremost In asking,
on religious grounds, suspension OF secular dongs
on Good Friday, and the Legislature or Congress
ought to regulate the matter before another year.
Pennsylvania has made II legal holiday already,
the only State, we believe, which has done so, and
as consequence Philadelphia, our nearest mon
eyed neighbor, has been out Of the financial world
to-day. ID. s.ssgtrI lI...n
There were only few transactions in money.
and these at coin interest The brokers' had gen.
orally borrowed for the two days to Saturday, ana
were therefore not seeking accommodation.
The absence OF the usual monetary activity drew
attention to the widespread demand for money from
the interior, and. holiday as 1t was the banks and
some Of the private bankers were shipping large
amounts OF legal tenders, enough to indicate that
the April movement has commenced.
GQid opened at 1l0h, ana was dealt In pretty
freely on the sidewalk, near the Gold Court the
sales falling from lloH to ITO 1l6 and no. and
u
11Ob. Foreign exchange was duh and not so firm.
Stocks were untouched, comparatively speaking,
during the forenoon, the few dealers present
having salutary awe Of the penalty against
such business. New York Central sold at
90 and 99h and Lake Shore at 06H About
two O'Clock group OF half dozen brokers
assembled, and the point having been SET
tied that the law OF the Board prohibited dealings
only after five O'Clock p NJ. and before ten O'Clock
A. NJ las 1t does literally ripa roce market was
tablished IN lieu OF the whispered one previously
existing. The result was an advance In Central to
100 and in LAKE Shoreto 9614, with few sales OF
Erie at 6sX. All this was effected without much
business however, and at three O'CLOCK when the
bankers and brokers were oil gladly released from
the tedum OF desk Longing the quotations OF this
fragile market, which Will hardly stand the first
breath Of the Board In the morning were as folows:
New York Central and Hudson COX e99l; Erie.
6S>a 80; Lake Shore, 96i1 ossl Pacific Mall, G3A
GA; Ohio and Mississippi, 5O4 81; Union Pacific,
SsA so; Wabash Is 7s}S; Boston, Hartford ana
Erie, 97s asked.
These prices are widely apart in some instances,
as will be noticed, indicating the sparslty Of deal
ers.
The further rise OF one per cent IN New York Gen.
trail and onehalf per cent In Lake Shore is referred
to heavy orders from the European market, New
York Central having, according to one report, been
placed ON the active list next to Erie In the call Of
the London Board. and Lake Shore being the latest
American security introduced within tho past lew
weeGs.
Government bonds were quiet ana the market was
reported as follows at three O'Clock p. M,:-Unied
States currency skies, 1l64 1155l; DO skies, 1881,
registered, l14'4a ll5; do. do. coupon, 1855 O
1l5N; do, 1ve-twentes, registered, May and No
vember, ll2l4 1929; do. do, 1862, coupon. do,
1l2x 1l2,<; do. do 1854, do DO, 1924 1123S;
do do. 1885, do. do, 112l ll3; dc. do, 1867 reg
istered, January aud July, 1l2N Il21; do. do,
1896, coupon do.r llih lliH; do. do, 1867, do,
do, 1l2X a lib; Go. do, 1858, do, do. l125s
11S; do. fves OF lssi. landed, registered looA
10; do do. do. coupoa. losA no. do. ten.
forties, registered, 1919 1885; 40. do, coupon.
lOs4 q 1851.
During tho first week after the Erie revolution q
rise Of about i've per cent took place In London IN
the Atlantic and Great Western securities, tor which
the prices on Marcn 10 were as follows Atlantic
and Great Western New York section-frst mort
gage, BlschoGsncims certificates. o7,k; do. second
mortgage, Bischoffsheim's certificates, 92H; do.
Pen. BischoGsherm's certificates, Ok; do second
mortgage, Biscnofsheim's certificates e2H; do.
con. mortgage bonds, Blschoffsheim's certificates,
AZ; do reorganization scrip, all paid. Oh.
The Imports vi dry goods AZ this port from foreign
81 POT 5O7 ana the amount marketed was 81 6l0 $780,
A. w. Humphreys, OF this city, has been elected
member of the Iron ana Steel Institute OF England,
an association OF the iron masters OF Great Britain,
OF which but three Americans nave hitherto been
made members.
The London Builder says:-l4, ci7 miles OF railway
are now being worked In the United Kingdom, on
which have been expended no less sum than
5000. OOU OOo which Ia I'VE times the amount OF the
annual value OF all the real property OF Great
Britain, and twO-thirds OF the national debt The
gross ret annual revenue OF the railways In this
country, after deducing all working expenses,
exceeds G22, 10000, more than the total reve-
nue., from all sources. OF Belgium, Holland,
Portugal Denmark, sweden and Norway. The COM
panies have In their direct employment more
than 100000 officers and servants. The value or the
rolling stock exceeds f30,oO000o. the consumption
Of coal and COKE by railway engines amoun's to
between 0O0.O09 and 5000 600 tons year; that
In every minute OF time throughout the year above
four tons Of coal are consumed and twenty tons Of
water are dashed into steam.. The CONSUMPTION OF
iue Is about equal TO the amount OF coal exported
from Great Britain 10 foreign countries. There are
more than 1900, 900 tons OF IRON laid down In rails
Alone and the chairs would weigh nearly 1,00000O
tons: 50 that there are not ar short OF 900 tons
OF iron on the permanent ways or the United King
Of ftaco o fnuq t,f nflo uax "a