The New York herald., 1863-11-17
FINANCIAL AND COMMERC ClAL.
MONDAY, Nov. l6-6 P. N.

-
The stock market opened weak and it was very
plain that Saturdays prices could not be main
tanned. An unusual number of lots of Erie were
offered in the first board at lH per cent decline.
There were also large sales of New York Central
at de cline of "a a per cent. Hudson River sold
as low as 1875, against l294 on Saturday. Harlem
opened at Saturday evenings prices, but fell
per cent. Michigan Central sold 2 down. Cleve-
land and Pittsburg declined 8, Chicago and North
western ~, Pittsburg and Fort Wayne ~, Gale
ma ~, Chicago and Rock Island IL, Milwaukee
and Prairie du Chen 8. For Panama Railroad 1856
was offered and 1873 asked. Pennsylvania Coal
was sold at 166 and American Coal at 96. Mari.
posa went down and Quicksilver IL. At the one
o'clock board there was not much variation; but
prices again fell Off at the second board. Harlem
went down. compared with the first sales, ~;
Cleveland and Toledo N, Chicago and Rock
Island ~, and most of the other stocks from a to
"A. Michigan Southern went up ss, and Milwaukee
and Prairie du Chen a. At the halfpast three
o'clock board there was an improvement, and q
strong' disposition on the part of purchasers to
take whatever offered at the reduced prices. The
improved feeling continued up to five O'clock with.
out, however, any noticeable change in prices.
correspondent says that combination has
preH cHteTeu nltO Ny uutnDeT OI Tie new Ork
banks to call in their loans at once, in order to
tighten the money market and send down stocks,
for the especial accommodation of some of their
presidents and directors, who sold short largely at
the advance Of Friday.
There was no further perceptible improvement
in the money market, and per cent was easily
obtained
The gold market opened firm in the morning at
147, and prices Immediately tended upward. BY
two O'Clock it reached l47H, and during the after.
noon sold for 147s1, and closed at five o'clock at
1472S.
Government stocks were firm, with a fair busi-
ness doing. Missouri skies were "a higher. Ohio
and Mississippi certificates were u higher.
Foreign exchange was nominal the rates for
bankers sterling being 1917 l62.
The subscriptions to the $40 loan footed up
to-day e943, ,45O.
By the bank statement IL will be seen that their
loans continue to lessen in amount, and that their
deposits have fallen of in almost the same proper
ton. The contraction seems to have commenced
about the 10Th of October, and from that time to
the present, as will be seen by the following com.
parative table. the banks have continued to cur.
tail their operations
weel snds. Loan' @ Specie csrc.'a'. Depons
Oct a., 2o4 tl3,s7o 2ssO.9I5 5799o IT2 4s7 500
Oct 3l.. 2oa ,2224ls 2sl24e2l 6,s7l7a3 17il7s,2s4
Nov 7.. 1893 436 s41 2s7s3 PSI 6lo0 ABS 159 1903
Now A.. 1s2,oa4,53o 2917To4o 6,oo5 a32 ISL y7Os
As compared with Che statement of the previous
week, there is decrease in loans of sl1 1892 311 in
deposits of 81 72s 695 and in circulation of 81 403
and an increase in specie of 1896, ,76s. Com
pairing last weeks statement with that
for the week ending October II, we find
that since that date there has been decrease in
loans to the amount Of $24 594,2l9 and in deposits
s26 ,0l9. During the same time the specie has
increased s79i SIC, and SAT- les has been added
to the circulation.
The Assistant Treasurer reports to-day as fol.
lows:-
keceipt3
Payments zo56,3l1
Balance Iooz6,2sI
of the above amount Of receipts $233 900 were
for customs.
The Commissioner OF Internal Revenue has been
notified by the Treasurer of the United States that
the First National Bank Of this city has been de-
signated a permanent depository and financial
agent Of the United States, and official directions
have been given that government deposits be
made with the said bank.
The following is an extract o. a letter from the