The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-11-28
FINANCIAL AND CONNER GAL.
WEDNESDAY, Nov. 27-6 p. M.

49,
WEDNESDAY, Nov. 27-6PM.
The money market cvinces great ease. First
class names can be passed at 5 a 5H per cent. On
call the general rate is six, but we hear Of loans
below that figure. The heavy disbursements of the
government have increased the stock of money
seeking employment in Wall street.
Nothing was done in exchange to-day. The
brokers and bankers seem greatly excited at the
charges Of treason brought against them. They
probably think it hard to lose their money and their
fair fame all at once. II is well known fact that
the bulk Of the foreigners who do business in cot
ton and exchange in the city are hostile to the gov
eminent, and sympathize with the rebels to
greater or less degree. II the public statement of
this fact annoys these parties they have only them
selves to blame. No one would have inquired
about their opinions had they not been Extensively
proclaimed.
Stocks improved to-day all round. The commits
sion brokers report an increase Of orders and the
tobbsrs seem generally inclined to operate ON the
bull side. There has been some talk in banking
circles Of having the associated banks represented
In the Board for the protection of United States
curities. 1t has become common thing Of late,
whenever any unpleasant news creates feeling of
sneasness, for the bears to borrow or otherwise
obtain possession OF some United States skies, and
10 throw them on the market in such a manner as
10 produce an effect and cause q panic. 1t is ar
gued that it would be for the interest of the banks
and the government to have some one in the Board
who, occasions like this, could protect the pub
ic credit by purchasing at once and to any
amount government securities offered for sale be-
low the market price. Both the government of
England and that Of France are represented on
their respective stock exchanges, and in times of
great public anxiety the government brokers are
usually instructed so to operate as to prevent
panics. 1t is a sad disgrace that a necessity
should exist here for such precautions; but
the events of the past few weeks have proved
that there are men in our Stock Exchange who
would not scruple to ruin the country for the sake
Of small profit and it s for the banks to consider
whether it would not be wise to guard against the
schemes Of these unpatriotic jobbers. The most
marked improvement to-day was in Erie and Erie
preferred, Toledo, Gaena, Missouris and Rock
Island, all Of which were in demand at an advance
Of about one per cent over yesterdays price. The
following closing quotations will show the amount
Of the improvement United States 6's registered
1881, SO a "a; do 6's, coupon, 1881, 9314 a 10; do
IS, 1874, s2A SO; Virginia SIS, AZ II; Tennes
zee G's, 4l24 Az Missouri 6's, Al 4; Pacific
Mail, s61a a =; New York Central, 1874 q;
Erie, 30a4 %; do. preferred 5314 "a; Hudson
River, 37% a &; Harlem, lla4 a IL; do. pre-
ferred, 1871 3l74; Reading, 341a y; Michigan
Central, 4914 "a; Michigan Southern and
Northern Indiana, ls a Il; do guaranteed
3714 a "a; Panama, liz ia; Illinois Central
60L q; Galena and Chicago, 70s4 y; Clcve
land and Toledo, 3334 "a; Chicago and Rock
Island, 53s4 54 Chicago, Burlington and Qnin
cy, SO a 81; Delaware, Lackawana and Western
SIS a 20; Milwaukee and Prairie du Chen, 1917 a
20: Illinois Central bonds, rs. 81 a So.
After the Board the market was very strong and
further advance took place. For Erie 3l1a was
bid, for Erie preferred 81, for Galena ia, for
Toledo 34A, and for Rock Island SAX. The
market at the close of business was very strong.
The business of the Sub-Treasnry was as follows
to-day
Total receipts. .... 1887 .34S 65
For customs ...................-... " 600 90
Treasury notes 201 ,316 "A
Payments including redeemed per CT. notes 647 81
Balance .....s'ooorooo 70
The exchanges at the Ban& Clearing House this
morning we're $l7,67s ,69l 60, and the balances
81 40l ,178 0s.
The New York Central Railroad Company gives
notice that the transfer books will be closed for
the annual election, December 4, and reopen on
Thursday, December IL.
The Second Avenue Railroad Company coupons
due December L. will be paid on and after Monday
next, ut the office of Messrs. William John
O'Bren, No. 20 Wall street.