The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-12-22
FINANCIAL Ar4O CONNER ClAl.
FnlnAr. pre. VI ?. NJ,

rance Of Secession ii the So"th Carolina CoaVen-
ion, though generally expected caused some
uneasl COS in ba.iaess circles to-day, aud partly
,ounteraeted the good etacts Of Yesterdays GOLD
recpipts. Il II lit yet known whas the practical
affects If .ag ordinance will be. u the Collector
of the p,rt of Charleston has ceased TO DC an
officer ~ hr UhitoJ States, or to co!lcct for the
limited SAFE. duties ON imports at that paint, then
Me issue 70 mack dreaded las corae 81 last and
NE shall shortly kuow where we stand. IT, on the
other hand, as some of the members Of the
Convention esI Ga intimate in their speeches
Yesterday, the practical eject of the Ordi-
sance Of Secession is ~ far suspended as
60 permit the United States Collectors and
Postmasters ~ continue to- perform their
duties throughout South Carolina, say until
she lth Of A$sreh cN, thon that ordinance has at
present no practical importance. 1t seems to he
supposed among merchants that the Collector viii
continue to oliciate for she present. The moment
he resigns, no successor being appointed Charle.-
ton ceases practically 10 be port of entry. 1t is
believed that the South Caronians will not step
cut Of their way to incur this inconvenience.
In the money market there seems to be a pause
We quote money Oh call a per cent, and hrst
class paper II per cent. The market Is c"hS'de-
raby easier than il was before tie late arrivals 81
gold bat We cannot quote any Improvement since
Yesterday. The balance due to the United States
on the frs half Of the loan OF ls60-awarded 22d
Octobor-fllls due tomorrow 1t amounts TO
about 81 800 900 1t is expected that one-thrd
OF this amount will be paid ia Treasury
notes aud onc-third in money the payment
OF the remaining third i a matter of doubt. 1t
will dcvolyc upon Congress to take measures to
protect the government from loss in the matter.
l.
venient placards to advertise themselves and their
business must be prepared to pay the cost OF such
advertisements
There is, as was expected, a better inquiry for
bills to-day. The bankers asking l0j. and
selling at about loi ~ Commercial bills 50 at
l02a a 1885,. francs ut 5.45 537M. good
portion of the gold which arrived yesterday is be
ing used in the purchase of bills, but the amount
of exchange supplied by the heavy exports of pro-
duee 50 far exceeds the wants of importers that
rates advance very slowly Rates have now been
FOR nearly six weeks at points which leave profit
On importations of gold from England.
The stock market was higher to-day at the open
ing Of business The news from South Carolina
may perhaps have frightened few hold
era into selling, and some operators, who
have been buyers on the rise, thought
but, after slight depression produced by these
causes, prices rallied and higher points were
touched than for many days past. There were a
good many orders in market for stocks for English
aceount-the principal securities wanted being
Erie, New York Central, Illinois Central and
Panama But The whole list affected alike,
aud at the close q the day a substantial though
IN some ~ .an'es s'oa", ADVANCE A"u peen rear
Hed throughout me "st' inc news 'Fom sprung
heid limos win regard - o'a'e stocks he.d u
security l"r oanN issues = ca'eOe"'" % he'P
hlsour's ana IenH' ees' TINS afternoon the
market was strong II closed irregular al inc ioi-
lowing q0o'a'o"s' -Vn''ed states ''s la'@' va
sli Virginia e'a'e o. 'etae - l'N"e.'ee S'a@
o. 'Cis X; sss1"n ".a1e = : ~ ~ 'aa'on
Conn "1J' T. ~ '"'." a"d 0'"' ,"'"i any
preferred 81 racine MAI a'ea''7i'' com.
~ y, Il 4; @t" l''A leh.th tam. a. '.'i =
=; rrc na,i'ta', wv. Z ~ "at*'a i.f.' "aa.
r..d, IS - u"'-s" t@''"~a' ~ ~ -
pra1r,d, 1926 .t"dms railroad - -
~ -an 1e.l'1 Nai az ga = won i..a
sou,hem al Ntt'hef" l""aa& halir'ad' -
n; al ft''& eti. Wa II r".a'.A i'4"'
road LIZ i--: .'..aee 'ea,fa Ha.st a. %
~; CaCas a.d hrafa Ea.faal, o3t4 a -; tleve-
larlald Irt,dn Ia.l,..l .>t,a r.. CHICAGO aud
: ,, ~. 80. 49,.
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