The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-12-18
/ O3O22I
% 500
pa 345 $50 .sOl

poc. -, lsl1%o,il2 lsssssla s6l0,75S s5,sl4aoi
- ------- ---------- -----------
Decrease "a 345 100 =
nmust be borne IN mind that the remittance from
CalifornG-nearly a min-oniy counted twice II the
average The remittance Europe, poF saropa did
not arrive in time TO cout At all 50 that tac banks
really hold million aai half more than is shown
above ana before the cos of the week they vii receive
about two millions more per Atlantic and Persia from
England and 81 200 900 from California TIL increase Of
loans shows that the banks keeping their promise to
merchants the - deposits indicates that tho
money j. not being taken from them
The from Europe received to-day impaired a
more cheerful tone to business circles The private let
by the Europa generally very encouraging and
the Geographic summary OF the acyices per Bohemian
shows that the English quite to send lew
millions of dollars In coin for the sakc of saving four
five times much the cost Of their cotton, bread
stu, tobacco and other American produce AT the latest
dates per Europa mercantile circles in Europe were st
ncredulous the Of the cotton states Pos
sibly when they see how earnest + 5uh i IN its pur
pose they may take a go. m view Of the future
But the meantime they acting in manner which
cannot bat assist commerc recovery here To-day tho
money market if easier nj least less depressed
than ii has been. There more disposition 70 buy
paper and confidence expressed than has been the
case for some time The exchange market has harae
opened for Wednesday steamer but drawers are s'er
in their views AT most Of the banking houses iol 100
Is asked for sterling and business was done today
on the basis of 1885, Some mercantile bills passed at
1921 a 1903 The increased supply OF coin VIII lead to
more inquiry for bills, though the reduction in the i'm
ports of foreign goods diminish the demand for ex
change among iml orters.
The stock market continues dal bat prices are gene
rally higher especially in the of stocks which are
dealt in abroad The Europa brought large orders for
Illinois Central Erie New York Central, Panama and
other leading railway stocks well as some orders for
state stocks and the better class Of railway boals.
Foreigners still incredulous 10 the nature Of the re-
voluton which pending here taking advantage of
the present low prices to buy freely o. their lavorite
stocks. The parties here who sold short on the
presumed eject Of our crisis in Fnsand, AMI
on the probable return OF American stocks
for sale, ind themselves embarrassing po-
stjon As son rs tho hevy fall in state stocks becomes
known abroad we nay expect active demand to
spring up for them also IN any event such states
Tennessee and Virginia viii pay their debts, AMI the dis
count at which they selling Is likely to tempt pur
chasers In the afternoon to-day there VAS quite m
tive market and railway wen as state stocks in
lively demand general advance in price AT the cloSe
the market was firm the following beng the last quota
tons Virginia 6s, 73sl IS Missouri O., &C., 81;
Tenncssces 73ls a ~ Canton, 10 "a H. Cumberland Coal
"A
Central Tst.a Is; Erie 90. =. Hudson River, 800
30. Harlem, l3s =. Harlem preferred, 81, a
Reading IS n q: Michigan Central, Asa *; Michigan
Southern aud Northern Indiana, 49,, =, do. gua-an
teed 2sL *; Panama. III u.s. Illinois Central, 90
y; Gacna Chicago, o. = y Cleveland Toledo, %
a u; Chicago Rock Island, 46ii =, Chicago, Bur.
Ingon and Quincy e3a co. Illinois Central bonds SO 90
The business of the Sub.rreasury to-day FOL
lows
Reoeints sSS,SD o1
For customs. y 00o 90
Balance 43i 81 80
The exchanges at The Bank Clearing House this
ing were Iss 49, ST. aaa the balance se5s s27 %
The New Orleans Picay,ne OF the 18Th inst reports
Foreign exchange was better Sales " very good stcr
ling made up 10 ostsa rise Of fully TWO per cent
yestordays rates. We quote tho range from %
6gures sale with bill OF lading, made At 81 I.
Francs held highersay 81 zoe for the best but The
business III round was light We quote from y soc
placed private terms. sight was dealt IN 10 some
tent ri per cent discount for private names, and At
"a for bank checks.
The Philadelphia keoisr Of to-day says
The money market Is perhaps quiet but IT doas
arise essened demand, more confidence IN the
future nor from any greater disposition Of capitalists 70
known that there Few .ndorslberefore the leseRed
opportunity to obtain IT. as well on hestrcet as Al bank
few No bills are daily placed at rates ruling from
IA. 10 per cent month and few call loans are made
al 7as per cent Long paper, that which IS not
thorou ghy approved IA considered M ALL The banks
continue 10 discount moderately, wisely discriminating in
their accommodations fayur Of those whose wants
Immediately pressing and where the greatest good TO the
greatest number may result from H.
We read In the Cincinnati CasGss
our Western railways begin 10 show the effects Of the
Political panic diminished traffic; but comparisons
low, fortunately, made with period Of great duncss
last year The bulk 81 the wheat crop Of 1859 moved
rapidly 10 market and bu, little remained at the close u
navigation; but the immense crop VI 1850, although
crowdng the avenues the Lakes and employing every
vessel aud boat on navigable between the East
and the West through tn autumn, still remains more
than onchalf in the hands u the farmers. The dead
lock IN domestic and foreign exchange and the cxtc
ton Of ordinary credit facilities, obstructs the nest i'm
rortant cereal crop have had for years aud
Iarayze business for time but the interruption can
not be complete Tor any length Of time The crop
wanted for consumption, and must forward and
interval Of duincss in lanes of transportation mus he fo
lowed by compromising activity.
The following statement shows the Indebtedness Of
Pennsylvania on the lst day Of December 1900
Six per cent loans ,.............. $500 $40
Five per cent loans .......... Jo,v6I NO
-Four and a half per cent loans. 3si 30
-Four per cent loans. ........... 100000
x3I $40 LIS