The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-12-03
NEW YORK HERALD, TUESDAY. DEcEMnrp . ,sc,

M1u re ~ hock Island and In Pacific
''"n was me result. The new government siye,
iess'ered' sold. ex-nterest, Mt sgyz. ao,a, ~
,-/s' Nie coupon stock is scarce ut 1917. Mss,uris
~vppou Oh to 4oI, other State stocks being
'"'' between the boards further fractional de.
o'mv sss caused by the same ineuenoo. - at
The second board soie 81 de shorts nroososa1 "a
! cover, and rally ensued, the market closing dn
~ S'eaoy NJ the following quotatons--United
esa'os os registered 1881, s91a 9o do. C's, cou-
pom 1851, o3I o31aa;; do. SIS, 1871, sss4 sG%
indiana o's, - 70; Virginia G's, 46 a As; Tennes
see 6's, Az AZ; North Carolina 6's so ca; Mis-
souri, 6's 4ok 4ol4; Pacific Mail, s51l a s5lss;
New York Central, 771s u Tx; Erie, sO2I a 3O1x;
DO. preferred, 5ls4 So Hudson River, 80 36l
Harlem, M Il; do. preferred 2s% 30; Read
ing, 33I 81; Michigan Central, 47s4 4s14;
Michigan Southern ana Northern Indiana. 1872 a
II; do. guaranteed, 1914 1914; Panama, 10
no; Illinois Central, GO Co.'S Galena and Chica.
go. 69s4 20; Cleveland and Toledo, 3Is4 a 80;
Chicago and Rock Island, 5lT 5la@; Chicago,
Burlington aud Quincy, 5714 a 57ss&; Delaware.
Lackawana and Western, 40; Illinois Central
bonds, rs, s7A ss; Delaware and Hudson Canal.
IS Sc; Pennsylvania Coal, rs as0.
The vexed question OF commissions Of the BRO.
kcrs' Board was settled to-day by the adoption Of
resolution fixing the commission to be paid by
bankers. brokers and stockholders at "a Of one per
cent, all other parties paying a. We congratulate
the Board on the return to common sense priaci-
pies evidenced in the above resolution. OF course,
Tor the purposes of each broker, all his clients will
be classed as stochjobbers. and charged y instead
| of "A, and thus matters will he placed on the ola
! footing, to which the public is accustomed. A dis.
tinction is drawn in the resolution as passed, be-
| tween stockholders in the city and STOCKHOLDERS
out Of the city, the latter being debarred from the
privilege Of tie Il per cent rule. This arbitrary
| distinction viii, Of course. be done away vi !,
| shortly. There is no good reason why job ar .,
| Albany should pay more for getting his ,,,.ncs,
! done than jobber at New York. j. .,ha;nta
rest of the brokers that their Glen .o,,a nnt i,
confined exclusively to this city .,a,. at,1tr,tbe
encourage than discourage, :, ~ S,a;,oss wit,
| a;a notification tho nov country b"S'hess' WV
'''s ~ =. -, rule will doubtless satisfy
ete ., - Su00' however, be accompanied
tho members q sepea! t. ths honor o
l. This ia tbl = the Board not 70 violate
! busiDeS~ proper opportunity W opsofNe INA
= . has habitually been done, not by new OF
,oung or poor members, bnt by old established
and wealthy houses for one-sixteenth Of one pei
cent Every one'n the street can point out opera
tors or bankers who never pay over one. sixteenth
and yet whose business has been gladly done b,
members who should have set q better example o
fidelity to their order and Of generosity towart
their poorer brethren. 1t is quite impossible Il
get at aelinquenis Of this character by legal in
| quistoria processes. But feeling of honor ough
to be cultivated among the members of the Stoci
Exchange which should render such deinquents
objects of general scorn and contumely a. mer
who make light of their old solemn obligations
ana are without scruplc in their greed of gain.
The Sub-Treasurer has called upon the banks fol
another ten per cent Of the second fifty millioy
Joan. The business of his office WAS as follows to
day.
Total receipts 81 ,49s 261 o
-tof CUSTOMS. ..............,.....t.... 900 IN
treasury notes ............. t7420 s.
Payments, nciutng redeemed p. CT. notes $50 9S6
batahce.s 4,t,5, lab b
Mr.. John w. Garrett has been reelected Presi
dent and J. I. Atkinson Treasurer Of the Baltimore
and Ohio Railroad Company.
The Delaware and Hudson Canal Company ha
declared semannual dividend of three and hal
per cent, payable on the goth instant.
The December coupons on the Milwaukee City
REIMBURSEMENT bonds will be paid by w. Scha &
Co., So Exchange place.
The New York and New Haven Company's in
terest coupons, due December l, will be paid al
the Bank of the Republic, or at the Treasures
Oas, ;vE I,