The New York herald., 1863-11-03
l,3l1,342
case. S7ol .452 o70,094 = l,s
oaso.. l12,626

Increase. l72626 -
Which, considering the enormous subscriptions
to the fve-twenty bonds during the past week, is
remarkably fair statement. It must be borne in
mind, however, In connection with the small de-
crease in deposits, that the operations of Friday
and Saturday are only partially reflected in the
above statement. The decrease in specie reflects
the shipments as well as the payments to the Sub
Treasury for duties, &c.
Money was as tight to-day as We have seen It
lately, It was difficult to borrow, even on the
best securities, at per cent, and in many quar-
ters Il 4 per cent was paid to carry stock over
for single day. The stringency was of course
due to the heavy subscriptions of Saturday to the
$40 bonds. 1t is reported anonymously to the
Associated Press. from Philadelphia. that over
SIG, 600 900 were subscribed to these bonds on
Saturday. As the New York subscriptions were
under seven millions, this would leave over nine
millions for subscribers out Of New York-so large
sum that the Philadelphia report is regarded in
many quarters with incredulity. To-day the
subscriptions here, though large, were less than
those Of Saturday, and the expectation il
that they will rather decline than increase
for the next few days. The Philadelphia
correspondent Of the Associated Press INDUCES
| in some wild talk about combination Of capital.
lists taking the remainder Of the $500 900 900. It
will be time enough to talk Of this when the end
Of the war is discernible. 80 long as the war
lasts Mr. Chase will probably always be ready to
sell year per cent bonds at par, and when one
issue Of $500 900 900 is exhausted Congress will
authorize another. It Il highly desirable that the
people should take the $40 bonds, and it Is the
duty of all good citizens to help their sale in all
fair and proper ways. But IL ID not worth while
to msrepresent the acts for the purpose Of Great
ing fsctitfous rush for them.
Gold has been comparatively steady throughout
the day. and the business done not as large a.
usual. The Huctustions have been between ll5X
and 1851 At the close the price was l4sN. Ex.
change has ruled dull. and rates are almost nomi.
nal at 1907 l6l for bankers bills.
The stock market was lower to-day, o. might
have been expected from the tightness In the
money Market but the decline WAS small, con-
| sidering the dihaculty Of carrying stocks. The
market Of Saturday and to-day demonstrates that
while the bulk Of our sound railway stocks are in
the hands Of parties who believe in them, and arc
able to hold them, the weaker class Of operators
who are not able to carry stocks through panic
are being closely watched BY men Of capital who
stand ready 10 buy all they are forced to sell. At
the first board there we're considerable sales Of
stocks for cash. Comparing the prices with those Of
| last evening, we note decline as follows:-New
York Central u Erie Il, Hudson River 2, Harlem 1,
Reading II, Michigan Central ~, Illinois Central
| n, Cleveland and Pittsburg ~ Gslena 1, Toledo
!, Rock Island n, Fort Wayne 1, and Chicago and
Alton Il. Between the boards the market was
lower for New York Central and Erie, with the
rest of the list steady. At the second board the
market was again lower throughout. Hudson
River declined Il, Reading TX, Michigan Central
Il. Pittsburg l, Illinois Central 1, Galena Z and
Fort Wayne l. Harlem was sold as low as 1867.
Southern old has been vssy steady during the day,
but fell on per cent at the close. At four p. M.
the market was again weak and lower, and the