The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-11-21
The Boston Bank Statement.
FINANCIAL AND COMMERCIAL.
WEDNESDAY, Nov. 20-6 P. M

WEDNESDAY, Nov. 20-6 p. M.
The money market is dull and rates are I'M
changed. The case Of the Trent steamer continues
to occupy public attention, the prevailing opinion
being that the act Of Commodore Wilkes was JUS
tiled, and that, in any event, England will do no
more than complain on paper. A prospect of war
with this country would an ADVANCE Of ten to
fifteen shillings barrel in -four ipr fhe British
markets, and corresponding advance in the
other articles of food of which England is
taking from US over million dollars worth
per week; in other words, it would super
add a famine to the short time at Manchester,
the short potato crop in Ireland and the other mise
ries which this war has brought upon England.
Whatever the law of the case may be, merchants
seem to think these are pretty substantial grounds
for believing in the maintenance Of peace.
concerted bear attack was made upon the
market this morning, and a decline of nearly one
per cent on the general list was the result. De-
spatches from Washington were exhibited stating
that Lord Lyons had already taken up the case Of
the Trent in spirit most hostile to this country;
and, by way of aiding the effect of this alarming
intelligence, quantity of Central, Erie and other
cash stock was thrown upon the market at the
opening and slaughtered. For the time the mannu-
vre was successful. But the moment an attempt was
made to cover contracts between the boards, The
market reacted, and it became evident that the
purchase of very few shares would cause gene
raj advance. Accordingly, at the second board
the bears renewed their efforts, and by freely Of
iering their options succeeded in again marking
stocks down to the lowest points Of tho morning.
Pacific Mail was the heaviest stock on the list; it
III .
cent, Erie q, Erie preferred IA, Hudson River l,
Michigan Central y, Illinois %, guaranteed 2s, To-
lcdo Il, Rock Island VI, Burlington and Quincy "a.
Nothing was done at the board in governments;
the bids were lower than yesterday. State st ,cks
were not very active. Missours declined "A per
cent. IT did not appear this afternoon that the
bear schemes had succeeded in bringing any fresh
cash stock into the market. People generally are
not such believers in war with England that they
are willing to sacrifice their property at present
prices. AT the close the market was weak, and
the following were the last quotations:--U United
States G's, registered, 1851, 80 a 9311s; do. 6's,
coupon. $751; 931 935ss; do. SIS, 1874, 81 s4s4;
Indiana SIS, 76 70; Virginia 6's, At 4s11aa;;
Tennessee G's, 43l 43s4t; North Carolina 6's, 59Z
CO., MissouriG's, 4s9s 4311aa; Pacific Mail, 921I
92a4 New York Central 1873 1914; Erie, 321I
32x; do. preferred, So 5s1&a; Hudson River, 1874
1915; Harlem, 12la Is; do. preferred, 80 az;
Reading, 35l4 a 11aa Michigan Central, SIX a 50;
Michigan Southern and Northern Indiana, 1871
q: do. guaranteed, 3sH a %; Panama, lis III;
Illinois Central G2 ais; Galena and Chicago, 721a
x Cleveland and Toledo, 35A a q; Chicago
and Rock Island, 561s "A; Chicago, Burlington
and Quincy GO Ga; Delaware, Lackawana and
Western, 70: Milwaukee and Prairie du Chen, 2OZa
a "a; Illinois Central bonds, rs, IS a Z.
The business Of the Sub Treasury was as follows