The New York herald., 1863-11-13
FINANCIAL AND CONNER CIAL,

| THURSDAY, Nov. 12--6 p. M.
| The stock market opened this morning with
slightly improved feeling; but it became evident
before the meeting Of the board that the bears
| were again to become the masters of the field.
| AT the board New York Central started half up
from the closing prices Of yesterday, but dropped
before the close, 10 1907. Erie sold at lO2%
which was an advance of W; but it fell again to
l0l. Hudson River, after selling at l25-2 ad.
vance-fell to 123a4 l24. Harlem was sold down
| 10 932 decline. Reading "a lower on
| the call, and subsequently Tell "a additional
| Michigan Central declined IA, Illinois Cen
| trail IA, Cleveland and Pittsburg L, Pitts
4 burg and Fort Wayne q Rock Island u, and Gale.
ma =. Pacific Mail advanced 3 per cent and
| Quicksilver "a. The variations at the second
board were trifing, and after the close of the
second session Of The public board prices in the
street went down half 10 three.qua1ters.
There was no material improvement in the
money market today but The hope Of speedy
relief buoyed mp the dropping spirits of the more
Respondent. News came that secretary Chase
had called for the second iustameht of ten per
cent OF the thirty.fye million Obligation o. the
banks, an,aVDting 20 three million five hundred
thousand dollars, which will be paid tomorrow in
legal tender notes 10 the sub.TreasVrer, and from
that department the amount will speedily pass into
its wonted channels. This will no doubt in n nea.
sure relieve the pressure for the balance of the
week and probably cS2ek for the time the down
ward tendency Of stocks.
In ordinary times the withdrawal OF three mil
lion five hundred thousand dollars from the banks
Of this city az one time, to be placed in the hapds
OF the government, would be likely TO produce
temporarily close market; but it will now have
directly contrary effect. The banks, having
placed seal upon the government currency in
4sT possession, on the plea that TIE equalization
scheme for The present demands such course
and bayng refused to extend the usual accommo.
cations, have contributed in q great degree 10
Keep up the stringency; and, as they are now
forced 70 pay the above sum into the Sub.Trea.
sury, the money will find its way into the market,
and produce precisely the same beneficial result
that il would had il been loaned by the banks di.
fettly 70 their customqrs.
Cold opened fra at slight improvement, and |
the market was free from excitement. ssles
were made in the morning at li6ss, and Nv noon
the price reached -, but again fell O.. 10 8, a.
which price buyers were very wiling TO take ali
parcels that offered. AZ ..ne board sales were
made az la7, and ,ae market finally closed with
increased animation at li7i1.
large sale OF hyc.twenty coupons was made
at 995..
Government stocks experience no material
change.
Foreign exchange dull al a small advance
the market being nearly nominal at lei l6liL
The business at the offce Of the Assistant Trea
surer was ~ follows
Rcre IGJ stT
Payments. +.t.- - .s.s...st..., pol4 COS
Balance. .ye".........l on ara
-Of tlc above receipts sil3 760 was Tor Gus.
toms. lt viii be noticed that the payments to.
day wore unusually large.
s.tsctru 10 fer bl0e ldh,c)............. s255soo
Icpo.tcd by stypta ..................... 7o2g00
! i' io%o wv
| Temporary ean ..................... g,OuO
a proposition j. before the City Council Of st.
Paul Minnesota TO loan five hundred thousand
de.i"re oy au .s-ac a. bonds 60 ,lat amount, to
tbc I~he Superior aud Mississippi Railroad Com.
| paby, on condition that Il shall construct and rut
] IN operation hin Eve years iraek from that