The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-11-09
363,s44
s7l5,sos
37o.464

The undrawn deposits have been and as follows
october 20. So l67
November L.. 81 COG 369
The deposits have in fact remained stationary for the
past month. The smancss OF the decline specie Is 80
be ascribcd partly the drafts upon New England and
Pennsylvania FOR gold aud partly to the free depletion Of
the Sub-rrcasury which lost 100000 during the
week. II is likely that the banks begin business
this week with a declining average; but a califor
MIA steamer is due in a day two with million
and half and this, considering the low rate at
which European exchange is ruling and the probability
that furhs large shipments Of specie will be sent 10
the South may possibly raise bank reserve 10 the
ncghborhood OF t2s 900 900 by week Too much i'm.
rorancc attached in Wall street TO the late move
ment IN specie. Had four or ave millions more been
shipped the commerce of the country would have been
all the better for it, and money would have been no dear
CT in Wall street. The continual increase in the loans
by satisfactory feature Of the late bank state
men,s IT, during the highly excited commercial fever OF
1867 tho enormous trade then done this port could
be carried with only slIo 600 sll5 600 600 Of &C
oommoda'cn from the banks, how those banks at
period Of universal s,agnaon like the present. run UP
discount line Of nearly sl27 GOO without filing their
trunks with very doubtful securities and nursing csses
for the day 10 GOMEZ
The day has been duh in the stock market; the
commission brokers again complaining Of having
nothing 10 do damper has been thrown on the spirits
Of Spectators by the wrctchcd receipts Of the Western
railways and people 20 have 10 the conclusion
that ss during the winter these receipts cannot well in,
prove, there wi be dividends paid out Of earning
until after spring business The usual srugg. between
tho bull ana bear at the board Is being carried on
but the public spectators Of the contest AMI
seem 10 feel no desire 10 participate ooe side or The
other Perhaps, after the fret January ~hen the div
dtnds arc paid should the prices Of the leading spocua
tive stocks have fallen considerably il the mraatnc
Il may be possible 20 gavanizc fresh spirit into The
market, aud to stimulate fresh rise At present the nd
cations Ia favor a further fall Tie business i,
state sios today very light indeed aesouris close
shade higher than on Saturday but VERY
limited In the bond mako, the chief business doae Wa
10 land grants, Which about per cent better cacA
decline bringing fresh buyers Bank stocks were aulo,
prices rather ayoring buyers The most active n ia
speculative stocks Galcna which closed the afternoon
Il per cent higher than Saturday the friends n a.
road having made determined rally TO H. support tn
other Western roads dun Rock Island Al an aivanc
q = Southern Michigan (guarauteed) al an advance II
= Michigan Central and Illinois Central both Al small
decline. Eric md New York Central were both du thfs
morning IN the afternoon resoute effort was made D.
raise the price. aud they closed about better than yes
tcrday General dissatisfaction expressed a The non
appearance u the Central earnings Several nooorcsl
but, though II - the STU of November Tho
Official report has not yet been pubghed What 4 tha
public &c inferS Panama steady 70 day. but Paca
Mail took iuch tbs afternoon snd zen % nearly two per
ent The movements Of this are 80 eccentric and
The prospects o. the line obfUsca,cd BY the successful
establishment Of It's Nicaragua rivalto say nothing or
Iroo@te opposition from til Commodore himsclr-that
movement q six or eight per any day would lie no
Unnatural event The closing prices q the day were;
hsscuris So ~ Pacific Nail loit. 1906: New York
Central, SS5s 81 Esie ieys III Hudson 81 81 Read
ms, 5ik ~ Michigan Central Sax ss southern pre-.
ierred, 90 N Panans, lea II Illinois Central So.
e4S Gaena, 56& ~; Toledo, ssss n; Rock island,
o5kaE.
me business Of the sub-Treasury has beea,-
Total receipts . - sa,o 600 or
r. 81 - '''s.s..s..s..s.......... 5000 90
roai I.iasa ssssss.....s....s 5h9,0G ~
- "'a"1e'. ..''......ts.............. Ss15,tss 81
lie exchanges al the Bank Clearing House this morning
eIe s1s 3s2 laa 70, aud the balances 81 3oi sssB S.
Aobey Without change. Foreign exchange Is quiet |
o~ay, tomorrow intervening before The sailing Of tie
'ee-er Bankers bills held al 1905 X good
Commercial ldIls az 1885, 100, ffascs sIssl a5l5
1he r'Iecme Court - pennsy lvanla has decided IT,
sial bdWecn thc sanbury and Erc Railroad Company
A t'tana. Cownilssoncrs lin which MS involved the
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