The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-21
FINANCIAL AND CO. MMERClA
mo n EY ARKVT.

AS compared with yesterday morning's prices tn
sales at the board this morning showed slih mt blu
uniform decline. The decline in the State stock
was, in Missouris, 81 in virginias, ]; in Tennessee
6's u; in New York State SIS, of 1860, 4; while
the other New York stocks and the California rs
showed no change. The railroad bond and bank
share market was dull but the few transactions were
at yesterdays prices. In some of the leading fances
of the day the decline Was marked: New York Cen
trial fell ls per cent; Cleveland and Toledo. 2; Hi
nois Central L; Cumberland Coal, II; while few
seemed to command even better prices than yester
day, az Galena and Chicago, which sold at 81; Chi
cago and Rock Island at 80, Reading at A. &c. Erie
fell off per cent Michigan Southern, La Crosse
/; Milwaukee and Mississippi. L. and the other stocks
Of the same grade in proportion.
AT the second board but little business was done
at rather better prices. New York Central rose Z;
Reading Z; Illinois Central, l. Cleveland and To-
ledo, Il; Gaena and Chicago, /; Michigan South
ern 4. There were but few sales of State stocks or
railroad bonds those which took place were at the
mornings prices.
After the second board decided improvement
was established. There were sales of New York
Central at 79s Erie at II J. Cumberland at IL /,
Toledo at AZ Reading at 4ss, Michigan Southern at
o. Chicago and Rock Island at s2i, with consider
able demand unsuppled.
Money continues to be abundant. Loans were
effected to-day at five per cent, and even at this rate
the supply of money exceeded the demand II Isl the
prevailing opinion among financial authorities that
the tendency of the money market is rather toward
cheaper than toward dearer money, and that in the
course of the next thirty days we may see it still
more of drug than it is.
As general rule the market evinces remarkable
steadiness after the unusual rise have witnessed
during the past month; and this, together with the
unbounded evidence we have of the Of the
country and of the general stability of the leading
branches of trade and industry strengthens the belief
that we are On the eve Of remarkable period Of an
fstion. The public are apt-rightly or wengly-to
regard the stock Board as an index to the commerce
and finance of the country; and certainly, judging
from present appearances, from the absence of any
well marked bear interest, from the probable In
crease OF revenue to to the railroads from the
closing of the canals and from the astonishing pen-
tfulness of money it would appear likely that that
index would reveal gradual but steady improve
ment during the next few weeks.
There is little said of exports of specie at present.
very likely the Adriatc will take out none Ex-
change on London ruled to-day at from LOG to 1854
there being no transactions of consequence at the
higher figure. Exchange on Paris rules at 81. rs a
a ST. 10.
The exchanges at the Bank Clearing House this
morning were $l3 470, l3l 90, and the balances paid
81, 1922, 2O4 "a.
The following is a comparative statement Of the
IMPORTS of foreign dry goods at New York for the