The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-11-03
FINANCIAL AND CONNER GAL.

The money market continues rather closer for
long paper, and Southern names are not as readily
passed as they were. So long as politics continue
TO present menacing aspect, capitalists will pre-
fer names which are not likely to be involved in
uncertainty in any contingency. On call the sup
ply of money continues liberal, and brokers borrow
all they want on stocks at six per cent. The i'm
portations Of dry goods for the week ending this
day are si,l69, o0o against 81 $40 900 week
last year and s9l2 900 week Of 1858; the i'm
portations for the year 10 date foot up eight
millions less than those Of the same period
Of 1859. This 10 fortunate. The South II
buying very moderately, and importers of goods
for the Southern market are suffering in conse-
quence. Had the importations been as heavy as
usual, we should probably have heard already Of
some failures in the trade. As il is, certain dry
goods paper Is not as popular with purchasers as
il was.
The fore ign exchange market continues dull We
quote first class bankers bills at los for yter.
ling, and 5.l7i lss for francs. We hear Of large
sales of francs at 5.iSi; II any one wanted large
line Of sterling, some OF HE leading houses would
probably be willing to supplyit at 1871. CONNER
cial bills go at l07 1914 The business done for
morrow's packet has been small, most people pre-
fering TO wait for the Cunard steamer on Wednss-
dag next.
The recovery in the stock market which CON-
menced yesterday continued this morning uatl
tovard the close Of the morning session, when
prices fell OF and dull tone pre- vailed. After the
board there was . rally; In the afternoon stocks
were rather lower, and closed lame and weak.
There Is no outside buying; the market is sustained
mainly by the scarcity Of stocks and the move
ments OF the bull operators So long the present
cloud overhangs commercial affairs, people are not
likely To invest much money in stocks. No one
can tell what course the Southern States may pur.
sue 10 the event Of Lincoln's election On Tuesday
next and in the uncertainty il is obviously the part
Of prudence 10 be prepared for the worst,
and 70 meet the danger without stocks
on hand. A crisis 10 possible, which would
depress stocks, not Eve, bu. twenty pH
cent. A comparison Of the closing prices today
and yesterday shows an advance Of l in virginias,
! in Tennessees, l in Pacific Mail, in Harlem old,
Il in preferred, and in Illinois Central bonds;
and decline OF in New York Central, in Hud-
son River, 4 in Michigan Southern, 1 in illinois
Central, 4 in Galena, In Toledo in Rock Island,
and In Burlington and Quincy. The following
we're the last quotations Of the day United States
o 1919, iv1' 'HeinAs 70, ~ % 1ssV -
IS !; Missouri 6's, 162 4; Canton, Iii Is; Cum
berland Coal preferred, III; Pacific Mail. s2i y;
New York Central, s2i q 1; Erie, 3of . 81; Hudson
River, 6siA Al; Harlem, Iei !; do. preferred,
4oi . 4; Beading, A.; Michigan Central, 81 |;
Michigan Southern and Northern Indiana, IL I;
do. guaranteed, % . I; Panams, 1924 a I; Illinois
Central, 70 !; Gslena and Chicago, 7oi I;
Cleveland and Toledo, 3sl "a; Chicago and Book
Island, IS 4; Chicago, Burlington and Quincy, 49,
Illinois Central bonds, 90 a 93A.
The business Of the SubTreasury was as follows