The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-12-09
FINANCIAL AND. COMMERCIAL.

SATURDAY, Dec. S. P. ".
oo'n sn' = sney aud exchange markets were
s1ashans day. Some bankers bills were sold al
'uo' any there was a small business in mercantile
Dihs at the close at about par. There Is absolute
no market for paper few iaForlte names
continue to be picked up at is a "a per cent per
annum, but at these rates there IL only buy
er here or there. Everybody wants to wait tli
we hear from England.
The stock market opened with more strength
yAs morning The steamer Asia brought some or
@ers for stocks from Europe, and the extreme fali
Of yesterday seems 10 have attracted some buyers
here But at the close of the first session the mar
Ret fell or ard prices Tere dull and lower. The
features of the day were heavy fall in Rock
Island, probably based on the maturing Of large
number of contracts, and further decline oil
per cent in United States fyes. Until something
i done ct Washington the stock market must con-
ssnue TO be unfav oraby affected by the politicai
agitations Of the day. This afternoon stocks
were generally better, with the exception OF ROCK
Irland. There was an improved demand Tor state
stocks and they all advanced. The market closed
irregular, at the following quotahens:-United
states SIS, lst4 S. a 80; Virginia 6's u Is; Mis-
ssari SIS, CA Tennessees, 65 q &C; New York Cen
9al, 7015 q; Erie Railroad, 2i14 a; Hudson
River, 81 a; Harlem, l2A %; do. preferred, II
%; Reading, 80 q 81; Michigan Central, ~ 4;
Michigan Southern and Northern Indiana, ii 4;
do. guaranteed, 254 y: Panama, 1854 100;
Illinois Central, $50 a.; GRIena and Chicago,
So. a "a; Cleveland aud Toledo, 2Ol. %; Chicago
and Rock Island 421s "a; Chicago, Burlington
and Quincy, u.
The business Of the sub-Treasury was as fol-
lows to-day
Receipts 80 430 SO
For customs. ..t....,..... 1900 W
Payments lS2blI ~
The Arago took out s25 ,t6l in specie.
The New Orleans Picaylpe Of December
says
The week closes on a depressed market In tho early
part there faint rally occas,oned by the apparently
improved feeling at New York but THIS speedily sub
sided and been than coanerScted by the
character of the foreign news. This morning opened
haviE and continued up TO the chose Operators We're
very hear from New York bat az late as three
O'Clock tespatchcs came 10 hlnt In the nee,
however Of any intelligence, there was general hest
tuoy TO move and "Achngc could only De passed spar
hgty and at decided decline
ISc money market offers dald for comment, the
outside transactions bong too iew TO require notice.
We Of occasional loan on wen secured col
hteIals at per cent per month foT short periods
but thus does not conSttui" market Negotiations OF
long paper entirely out OF the question In bank tn
applications pressing but ncw dis cunts are not
granted tn hnlk Of the daily paym nts are renewed
either wholly or IN part, but outside engagements have
N the majority OF instances 10 be met IN full
The exchange market rallied IN the part 81 the
week ana prime st'rlug sold up TO lohi l02 Tho
same names passed to-day at 100, and the vent
was not free \ good deal nlrcd which could not
be placed all We notice exceptional sale ut l00a
but the drafts unusually stro1g We quote clear bills
80 100 and bil OF hiding % ss. FIRST class francs
pissed with difficulty at ST. co and the change now
extends down 81. 10. Some 4 | sixty days On New
York pedald at ia4is discount. Sight was stu
further depressed, with sales AT 4. and Z per cent
discount.
by the De Soto. which arrived this morning from Ha-
yaa, with dates to the 27th. we learn that one million
of dollars IN douhoons had been sent from Cuba To View
York Tor the purpose Of taking up bills drawn from
ahencc. The first ins.alncnt viii reach New York to-
by the Quaker City. Policies opencd here
this morning for the receipt of specie from Havana,
port II which VIII come by the steamer iiabana.
We are stii without q mail from New York, rhc da-
ocCasoned by the rains on the Jackson
Railroad viii not be repaired for some days 10 come
This interruption very mcouvenieut jest but the
Bard Of Directors doing every thing ia their power
10 hasten up the traffic.
The receipts specie this week comprise $3.50 15, Of
which $50 900 from New York, Sl60 COZ from Mrxi
O., $42 500 from Mobile and 81 '2s9 from Texas The
shipments in time amount % SlsI 2.6 the bulk 81
which in American gold to Memphis and Cincinnati.
FAILS Of Mexican silver have been made at the reduced
three per premium. Uncnrrent bank notes
nre nominal and the quotations afford no indication
Of the rates IT which brokers would operate
The following is the last weekly statement Of the
New Orleans banks