The New York herald., 1863-11-05
FINANCIAL AND CONNER CIAL

WEDNESDAY, Nov. 4-6 pm.
Money was somewhat easier this morning, and
brokers who yesterday experienced considerable
difficulty in making up their bank accounts were
more comfortable to-day. At the Stock Exchange
not over "a Of one per cent was paid for ten days
contracts, while per cent was freely paid yes
terJay. At two p. NJ. the supply of money at z
per cent to brokers in good credit was about equal
TO the demand. The banks are not free lenders,
having placed themselves in the power Of the Se-
cretary Of the Treasury by rashly subscribing for
$500 900 of new interest bearing notes, without
making sure of being able to get the notes when
they wanted them. However, Assistant Secretary
Field is here aud the probability is he will devise
some plan by which the banks may be enabled to
work more smoothly again. The subscriptions
to the $40 bonds show considera-
BILE falling Off The amount reported to-day
is 81 OFT 600, of which s74s, 500 through the
sub agents. Considerable amounts of these bonds
have lately been bought on speculation, and are
being offered for sale. There is an impression in
some quarters that tho immense subscriptions
recently reported may be liable to a reduction,
In this ay:-A sub-agent, finding the outside dc.
mand very large, may take Considerable aiiodnt
on speculation for his own account, all of which
purchases he may'dispose of the next day, incud.
ing them again in his returns, thus making the
rame amounts appear twice. The balance at the
Bub.Treasury this evening stands at $32 $50 400,
against s34 533 ,772--showing considerable fall
ing of.
Gold has fluctuated between LAG 1867 through.
out the day, with very little doing The closing
price is 1857. Exchange is also dull at l6l for
a 4 n q n LIN
u per cent under the market price, the supposi-
ton being that their bills are drawn against ship.
nents of gold by them to Mexico for French &C.
count.
The business in stocks continues to be. Influenced
almost entirely by the course of the money mar
ket. This was very evident this morning from the
decided improvement which showed itself so soon
as it was reported that money was rather easier.
Erie was sold early in the day as high as 1927,
and other things in proportion; but, as might be
expected, this full advance was not maintained.
The fact that the recent decline has been SO small
In the face Of such sharp twist in the money
market, gives people great confidence in the real
intrinsic value of railroad property, and the gene.
raj impression is that SO soon as money is again
easier speculation will set in and force prices up
TO higher figures We notice that the first through
train of the Atlantic and Great Western Railway
broad gauge. arrived in Cleveland to-day from
this city. The probability is that by February
next cars gill run through direct from Hoboken to
Cincinnati, by "straddling'' the Cincinnati, Ham
ton aud Dayton road At the first board this
morning the following changes took place, as com.
pared with last evening; New York Central ad-
vsnced Il, Erie a. Reading 4, Michigan Central
l. Prairie du Chien "a, Illinois Central ], Toledo z,
Fort Wayne l, and Northwestern TX. Hudson
River, Pittsburg and Galena were very firm at the
extreme figures of last evening. Chicago and
Alton advanced a per cent, as the dividend is
now being paid by G. S. Robins 4 Son. Cumber-
land advanced to 371I. The impression is that
there is large short interest in this stock. Be-
tween the boards the market was steady but at
the afternoon session was weak and in some cases
lost the advance of the morning. Harlem has
been declining throughout the Gay. It opened at
ll0, dropped TO LOT at the first board, was l04 at
The second board, and closed at l0l At four p. ".
there was no recovery, and prices were again
shade lower. The following were the closing quo
tatioIe:--