The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-11-29


the Clearing House BY means Of loan cer,ncs.s, Out POSI-
lively declined 70 participate otherwise 10 the arrange
reasonable considerations, pot without avail Very
specifically submitted BY
Is Is Is s J NH $Si committee.
The report was accepted
Upon motion OF Mr.. James Punnest, seconded oy Mr.
Noses Tsy lor, the following preamble and resolutions
xere uuanimoualy adopted, VS.
whereas the BANKS In the city Of Nov York, - mcA
sres, financial distress adopted agreement for
nutoa support ard protection and In 20 doing, IN con
sderaton Of great good 70 be accomplished have yield
ed whatever advantages Of position any OF them may
the Others and whereas 10" agree
been approved and entered Into oy every bank
the cty Of New York. with the single exception OF the
CbemNa Bank and Whereas that bank will share equal
" With the others the benefits arising rom the sa
,ures adopted; ana whereas, the agreement IN ss prss
~ 70 rendr exceptional greatly annoy ing and In
convenient and whereas, there no obligation OF duty,
which has moved the great body Of bank officers IN tnr
Inc smerrenoy which docs 10, bear 60 rally up,n the
bank In question; therefore,
Resolved, That while so bold iu ON ,ers personally 10
high esteem, proper official sef respect requires
that After allowing that bauk time for far
saer consideration, We should, unless they unite
cbspses 81 business, and Ne therefore agree ,ha,
amer saturday the let day Of December nett, hank
which party ', we ssree nee. - secs,ss % aspos s
the Chemical Bank checks that bank will
collected by either Il y. through The Hearing House
DO sni oy The secretary 70 .hs Co.m,os, Bank
w. T HOOKER, secretary.
NEW YosK. Nov ~, 1880
In reply the Chemical Bank simply states that II
will continue as heretofore 70 receive on deposit
the bank notes and certified cheoss Of the other
city banks. We presu ne tina. the associated banks
will reconsider their action before very long.
The business of the Sub Treasury was as follows
to. day
Receipts ............,"..."....... 81 ITO
For customs % COO
Payments i5s vso
bAlaDce .....s........ss'..'. oSo,uoi
In confirmation OF our remarks, a day or Two
since. on the active movements of produce from the
Northwest 10 the South, we are advised tina, the
Illinois Central line delivered at Cairo about eighty
thousand tons this season. This includes 1870 600
barrels of -four, l 400 600 bushels Of grain, and
larger quantities Of pork, bacon, potatoes, &c.
A despatch dated Paducah, KY, November ~,
ssys:-Southem bonds viii not De received by the
Auditor Of the State Of ILLINOIS for bank circulation
The earnings Of the Cleveland and Toledo road
the third week Of November show trivial gain
say $500 I, $500.
Exchange on New York at Philadelphia Is frmcr-
II per cent; at Baltimore. higher-2 per cent; at
Richmond, Va, 10 per cent Is asked.
The exchanges at the Bank Clearing House this
morning were $40, 1856 ,i62 61, and the balances
81 ,6o7 ,55i "a.
The Merchants Bank has declared semi annual
dividend Of three and half PEE cent payable on
the lst OF December.
The Philadelphia Bulletin Of last evening re.
marks:-
The demand for moccy the strect continues consider
ably in excess Of The supply eus there 20, tes, prce
per n sought aftcr The weekly statement u the
banks preserts favorable asrect u their Affairs
th.n YES generally sa.iopsses snc has osq'ed . more
tutions doing their uimost 10 relieve toe mcrooaoss
and the latter should reduce tncr STOCKS Of merah snde
scfutnize tser oredts eel Toe cash or sn~t time, and
adopt energetic messures wi brng Commercial
matters into easy and sound condition. The
. loosed a. Esebsss.. eoo,,pu. esll saa uose,,,ss
Trade much de reased W al departments Cotton 10
soer hrner DO, sresdstas aad provsIoas are o,o
Dry gocs move very Slowly anc sroccres geooray
very limited inquiry.
The Cincinnati Gazette Of Monday, November
Is, thus notices The aspect OF the market there
In the ~sy u discounts have change " repo,t
10 our nArsct Bankers do som-tnins occasionally for
dfpcsto's but u may be said there Tor pAprr
TIE worst feature exhibited here the ssssacs
bshed IN exchaT saturday, ratS having s,ne Up
prt MUM 70. houe esospt vsl,ay Back me
lsties tnsttu,on continued uer~
premium. and u 10 not ~ iutsnthn " make any
change frum THIS figure. mo dc~asd At premium
hes money and espec,s " have r~ms.sce- any
sine whit. the t~o three seess. bu tug no
i,srmsa further improvement rocss h,sn rate bog
ever are 60, hkely ~ last very ots II matters
TIME "a improve IN Nee fo't prvcpce stl b~sin ~
forward IN fev os,s wnep supp,-~ n excnsnse
ell incr.ae Hstes having tailed 10 Ne~ Or 70 par
nsy oos Toe liberal rtcc'ots nom the, quarter Doe
instu,oc sore bad s1co 600 Nee vorH .sht ~ nstd
on saturday AZ par fus ell b foo sed by further
heavy Investments TIVE snppes iksly N prove
sucnt 10 prevent the coutspnncc Of bsh rates Of pre-
MUM. Iralers pad saturday y pyeuian for pri
vate chscxa Phtateiphs vss bonsot and s,ld st
I prsmiam Bankers cneoks Bslu more ~-re obrsn
soie par but there ma<ket for @vcisl Checks
ard cAnnot give quotAi,on. White Nes York az.
ctsnge 81 Baltimore I, premium, ssnt or time bns
yshle there cannot he tfgutard re- OF c.rs~ ar
cept ~ he~vy dvoount We quote gold q q a or~m,.
thsre lees counter demand for "a % sssor
day. sno zone parcels were shipped E~a 70 maze er
change
The Chicago Tribune, under date Of Friday eve.
ming, November %, says
me morcy market has been very quss to-day with
comparatively ft,s doing IN any Department Nost os
the baru have sold exchange frecr srstou,-vp .,
per cent rvemirm. ne bu, Ing rate ASK e& me
bsh prce ressricts purcnssss b. the W scot csssle
poiot tare only remst,inf sho feel n anss,ateiy ne
csfssry " 10 80 prescott The Of psoer oasy
ins ~ the h~0ts rrrsiv n,Tnra rhey are 10 rally
dcirs "hi,te nothrg" rhe hcmsaa for srld =
hsnt fs hsh rsts, aaa The tat auFr~n " clrcu
stsA~ asua srsors al classcs tsep The people ouses
wllfft rcssfo "a fns r.a~S mammal a