The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-11-20
Decrease. q ass, ssi i,ssi ois 20l,7s5 2,sss, o

Nov. IT,. l2s I'll oA 9As4 aio s2se al7 7sls0 $50
Decrease. - 3o6 Ssl 1891 ol9 2Sl, 1876 2,SSS,s3S
The decrease OF specie is rather less than was
expected by many, who had based their calcula-
tons on the drain to the South. The average is
probably not q declining one, and as the quota
ton Of sight exchange on the North from New Or
leans this morning is par that section of the South
has evidently taken as much gold from US as will
90 At present. In the OF three to four weeks
gold viii begin to arrive from Europe. The de-
crease in the deposits and in the loan couna Is
about what was anticipated. Several parties, with
more imid foresight than mercantile patriotism,
have been turning their balances into special de-
posts Of gold which naturally deprives the banks
of the means OF discountng.
We can hardly quote any change in the money
market. On Saturday paper was almost unsafe.
able it is so to-day. A few very choice names pass
at q II per cent a month; but, as general rule,
there is no market for mercantile paper. On call
the very moderate wants of the brokers are sup.
piled at per cent, lenders taking care 70 keep
safe margin. There is plenty of money in the city
If the general dstrust could only be thrown off for
day or two.
Foreign exchange remains at a dead lock- Bills
are quoted at from 81 to 106 with very little doing
at any rate. The principal drawers ask log for the
retail business which they are doing; leading
drawer offers, we understand, to draw a sight bill
on London for fl00 900, proceeds to be returned
in gold, at 1881 Francs range, nominally, from
$50 to $40, but there is no market whatever
for them. The Southern advices are, on the
whole, rather better this morning. Our liberal
shipments Of specie have relieved the banks.
Sight bills on New York quoted in New Orleans at
par-too high price for this season OF the year,
but fair indication of the check which cotton
shipments have received.
The Stock Exchange opened this morning with a
very heavy feeling, and lower prices were accepted
for almost everything on the list After the first
board rally took place, and the business of the
second board opened with better tone. At
the close the market was lower again and
weak. State stocks led OF this morning. There
were sales Of Tennessees at a. and of Mssouris at
&c. Bank stocks all fell of. There was a sale of
Metropolitan at Is. Erie and Central were pretty
steady, and Rock Island did not vary
much; but heavy decline took place in
Hudson River, Pacific Mail and all the Western
shares. The moment the board adjourned and the
deliveries began, the scarcity OF New YorkCenns
and Hudson River began TO tell upon the market,
and the advance began. After decline OF per
cent in Pacific Mail, in Hudson River. in Read.
ing, in Panama, Pin Michigan guaranteed, a in H.
linos Central, in Gslena in Toledo. and In Bur.
lngon all these stocks rallied and sold above the
prices Of Saturday evening; but at the cos1hgain.
and on a rumor that the bank presidents had ad.
jourred without doing anything, they fell of TO the
prices Of the morning. State stocks-with the ex.
ception of Missouris, which fell OFF per cent
closed about whore they stood on Saturday even.
ing. The United States SIS Of 1874 fell Of a.
per cent, the best bid at the close being
9il. The postponement OF the time for
paying mp the loan Of ls60 has not had
a good effect on the market; the public
seem to think that Mr.. Cobb ought to have forced
all parties to. pay up or lose the difference, and
that by acting as be has done, he has dealt un.
iairiy by the bidders Who Fave ppid in the amount
Of their award Mr.. Cobb seldom enjoys the good
fortune OF pleasing the financial community Ia his
negotiations. AT the close today the following
were the authorized quotations. unitsd States SIS
exi a s5; Virginia 6s, "; Missouri s's, &C a 4:
Tennessees, al $50; Canton, Ia a Is Cumbcr-
land Coal preferred, . .; Pacific Mail, III 72l;
New York Central, n a !; Erie, 26i q 81; Hudson
River, 43 45A; Harlem, IA q Il; DO. preferred, 33A
o "a Reading, 50 "a; Michigan Central, 4G
. a. Michigan Southern and Northsrn Indiana,
- . I; do. guaranteed, ~ a 20; Panama, lo7 q 4;
Illinois Central, SO 5il; Galena and Chicago, 51s
. !; Cleveland and Toledo, 25A . I; Chicago and
Rock Island, 81 50; Chicago, Burlington and
Quincy, CA . e5.
The following was the business Of the sub.Tres.
sury o-day:-
Receipts. MAJ sas ph