The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-03-13
FINANCIAL AND COMMERCIAL.
MONEY MARKE EFT.
SUNDAY, November 10

SUNDAY November l2-3 +. nj.
At the close Of the market yesterday quotations for
stocks generally ranged considerably lower than at the
close of the week previous The principal Of this
depreciation be found in the fact that call loans have
been pretty freely called in by the banks and great
deal of stock hypothecaed such loans been put
the market We have invariably warned spectators
against this movement the part Of the banks but they
do not seem to heed the caution. Fortunately capita
outside the banks plenty and parties suddenly called
upon for payment of call loans have been able nego
tate others favorable terms; and where the stocks
have been sold sacrifices of importance have
mitted to- Notwithstanding this contraction the part
of the banks the returns for the week ending Saturday
morning, the 18th inst, viii probably show increase
in the line of discounts. The call loans not included
in the regular discounts, and do not therefore ap
pear. It would be we'll il the Legislature would
compel these stock specializing institutions to in
cude this item in their weekly report. The foreign
has had very little to do with the movements in
stock market The London stock market had advanced
in the face of the preparations for war; and the effect
would have been the same here not local been
more powerful to the contrary. Tho in Europe
not affect favoraby unfavorably the financial
mercal operations Of the great maritime nations Of the
world any than the in Mexico did Hoslities
will be confined to the East France and England will
concentrate their forces in the Black Sea- and the
of Defence and not of offence To that section the
war will be confined and have idea that 1t going
to be of long duration At home in domestic affairs,
we have nothing to complain of-nothng to desire for
the better. At peace with all the world and the rest of
mankind, there is why should not advance
with giant strides towards that position in the rank of
financial and commercial nations which, later,
we destined to occupy.
Mining stocks very active yesterday. The bidding
at the mining board very spirited especially for the
Lake Superior stocks We notice. however, change Of
price at that board unless the sales Of Potomac OF 3
denote decline of u in that stock At the Stock Ex
change Cumberland fell to a0% Fulton copper sold at
TX we understand the accounts from this vein very
encouraging At the mining board the bids fol-
lows:-For Parker Vein g. for New Jersey Zinc 9 for
Ulster 81 for Hwasse 4s for Boston and Pittsburg
1885, for Minnesota it, for Copper Falls 59 for North
American TO- for Norwich IL for Forrest 15 for Dana
1h for Toltec 1s for Douglass Houghton 5; for Phe
nix o. for Winthrop 2A for National 29 for Ohio trap
rock 15 for Windsor for Flint Steel s. for Isle Royae
o. Mineral 49, Gagebe FOR Deep River So for
vanderburg So for Ripley 3A for Rockland 111s for
Hazard Nj for Nebraska 81 for Clark's Mine ST. for
Copper Harbor Nj for Portage 10; for Algomah Al for
Phenix TO- for McCulloch for Conrad Hill 80; for Gard
Gold 2h.
We have received letter from the parties interested
in the quartz crushing experiment mentioned in our
| paper Of Friday, from which gather that were
stating that the extraordinary product Of the
| Gardiner gold given by new machine The quartz
in question crushed to powder in the Gardiner
chine and afterwards washed in washer connected
| with the machine, whence the large yield
A. H. Ncolays regular sem-weekly sale of stocks and
bonds will take place Monday, 18th ns at halfpast
IL O'Clock, at the Merchants Exchange
The expectation of specie from this port during the
| past week. and during the year, as annexed -