The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-12-15


Decrease in circulation Observation-Disclosures. 1913 ,290
Increase in deposits ACKNOWLEDGEMENTS. 296, 267
Increase u ehcnange sooool
Decrease IN distant balances. 71Ag6
Total LEAFS December s.................23 0tg 232
iol buls bcoehOer y oz1 o2o
Az evidence OF solid strength the foregoing exhibit
is indeed satisfactory The banks collectively poss
seventy tive cents In coin and exchange every dollar
m immediate liabilities irrespective of their portfolio of
twenty three millions of dollars. Besides which, the cir
culaton Of the free banks amounting to 81 1852 lbs IL
covered by deposit Of three millions and q hall Of
bonds twlii therefore be readily conceived that
noneyed institutions placed beyond the reach Of
danger. Complaint IL made IN many quarters Of the
60 rapid curtaiment % discounts, amounting again this
week 70 enc million Of dollars This is undoubtedly
rue but the banks must az all hazards maintain the
roncy intact Money affairs remain unchanged. Ia the
way q new discounts there is scarcely anything doing
but the banks grant freely all he renewals that may be
required The difficulty lies with the outside collection
paper much 81 which IL beyond the control OF the ros
dent parties IL On these Obligations that all the
cent obligations have taken place IL will be perceived
that whilst the short loans have fallen on 81 275 600 the
entire decrease IN discounts is but million This has
doubtless arisen from the substitution Of paper at longer
date 10 lieu o. assets that would have otherwise figured
as Suspended. stocks continue utterly neglected We
hear ?! casual offers TO sell at very low gures but de
cline appears nicient TO bring out buyers. Foreign
change vas again shade softer, and negotiations were
attended with increased difficulty. Clear sterling OF
names offered at the close at 97. We quote the
range from % ae51 There rs no disposition to deal In
bill o. adng drafts sale Of 300 oooA1 francs made
at Soc and could not have been repeated towards the
close. The whole may be quoted from $50 81 SOC
We notice one Transaction Of sixty days New York
at "a dis OF course the strictly unexeptioua
bic sight sold in the morning at 4 Ia Ia dis
count, but under the subsequent withdrawal Of sundry
credits from New York the market stened towards tie
close, with offers Of liz for prime names. Three
days sight was sold both at and per cent discount
Tho Baltimore Parrot Of December 10 (cvening)
says
We note this the 10th OF December 1890 being the
bluest day in the stock market within recollection.
feeling % uneasiness aud dsrust 10 pervade the
in consequence note to-day farther letting down.
below the very low figures OF Saturday last In ali
the stocks sold at the Board to-day with very little firm
ness IA the closing rates Baltimore and ohio Railroad
shares sold to the extent Of 300 shares regular way
b2a down 10 Ae and 100 shares b60 at 81 closing AT
4qk bid 80 asked-a decline the closing bid "a.
urday Of g. 10 per share Northern Central e on 81 So
closing at IL bid l+s asked with sales ~ $50 shares
regular way and b45 60 at IA to IS Bank stocks are
offered to-day at slight decline Saturdays prices
without finding purchasers The inning stocks, with
few exception show further decline.
Al Chicago saturday, December 9 says the
ribane-
The exchange market opened usuai this morning
very close NJ eight per cent Some Of the larger banks
refused 10 cell any terms aud all supplied customers
as rarngy possible In the afternoon the dispatches
reported heavy decline NJ the stock board, AMI
prices Of exchange became excited aud variable.
fused. The buying rate was nominal anywhere
below ten per cent. Ten per cent was offered
by one party for 800 aud refused The demand
gold light Is well that II y so for the supply here
" limited. Buying rates nominal at 3. selling a
10 The largest houses deal ~ the lower figures The
streets continue very active. AMI far would ap
pear from them business shows fair degree % activity
But the wholesale trade grain pork provisions &c Is
about at a stand still
Tho Philadelphia Lsdev Of to-day says,-
The Ohio loan s withdrawn from the market The
State debt about 70 mature payable at the pleasure OF
the state after the 3ls day OF December 1890" Tho
state Log stature will meet the first Monday In January
and win at once take to pay the debt In the
meantime the state will, of course continue pay the
interest heretofore. Though there II more cheerful
fa.ltF all .4 a.
pressing demand on the street OF rates ruling , 10
per cent month The banks are moderately discount
ue sixty aud ninety days paper, but only ON the very
hest security.
Exchange stu tends upwards at Chicago, and per
cent was tho-ulng rate Friday, Dec Z and that only
TO regular customers.