The New York herald., 1864-11-29

prices at the first board, as compared with those
at the second of Saturday. showed the following
variations:-New York Central advanced =, Blichi.
gan Southern q. Illinois Central ~, Cleveland
and Pittsburg 4, Chicago and Northwestern lH,
Chicago and Rock Island %, Chicago, Burlington
and Quincy /, Fort Wayne zs Mariposa r. Cum
berland a. Erie, Reading, Cleveland and Toledo,
and Ohio and Mississippi certificates were steady.
Hudson River declined "a Michigan Central r.
Government securities were strong at an ad-
vance. Coupon fve-twenties improved II a "a,
new issue "a, coupon skies of 1881 Is Is, cou-
pom ten-forties z year certificates "a. Seven
and three-tenths Treasury notes declined l.
State and bank stocks were dull and railroad
bonds steady. At the open board at one o'clock
the market showed fractional improvement and
continued strong in sympathy with the rise OF
gold, but with the doY inward turn Of the latter
the upward movement was checked. At the
second regular board Erie showed an advance
upon the closing sale Of the morning Of 81, New
York Central u, hudson River u, Michigan
Southern t6, Illinois Central 2, Cleveland and
Pittsburg /, Chicago and Northwestern 4.
Chicago and Rock Island ia, Fort Wayne II
Ohio and Mississippi certificates u, Quicksilver
lI, Reading I.
Government securities were, the whole, not
quite SO strong at the first board. Coupon skies
OF 1881 declined Il 4, coupon five-twenties y
-. One year certificates were steady, and coupon
ten-forties advanced Il =. AT the open board,
at hafpast three, the market was steady but dull.
The money market is easy for call loans at seven
per cert, with exceptional transactions at six
The amount Of loanable funds is in excess Of the
demand as the statement OF the associated banks
for the week clearly indicates. The deposits have
Increased So PCS ,052 since last week and the loans
s2,217 ,22S, while the specie shows reduction OF
LAO, ,243. and the circulation s3.6l5.64s. The
augmentation in the deposit line is attributable
mainly to the return flow from the West and the
country generally, also receipts from the army
the disbursements of suffers as well as officers and
men being just now greater than usual. The in
crease in the loans falls short Of that Of the depo
sits more than lion, showing the sluggish de-
mand for money for speculative purposes on stock
collaterals, which is the only way in which some
choose to loan their capital. And of the amount
loaned by the bank by far the larger portion is
in the form of government securities. The supply
Of first class commercial paper is small, and the
ordinary rate varies from eight 10 eleven per cent
The demand for foreign exchange is not brisk,
as buyers are holding of in expectation Of a
s"cline in cod. Bankers sterling at three days
an 4uosVu os AoS/a 70, anu AT Sixty days al i've
Merchants bills are offered ct los "a, and francs
are drawn for at So a5l4 at short sight, or at
sixty days, 5.li 5.22. Bills Oh Hamburg are
offered at 351s 36%; Amsterdam, 40l a 4lL;
Bremen. TX. Prnssian thalers are quoted at
7lH az 72H.
Although the Bank.of England has reduced its
rate of discount from nine 70 eight per cent, it is
by no means in strong position, and
4ho dsatru I;rh laox l,,;o -,
form us still prevails in monetary and COM
mercial circles, exposes it to contingencies
which it requires to guard against, especially as it
has been proved that an advance in the bank rate
,der existing circumstance, cannot be relied
= for that immediate relief which il formerly
ed during the entire period at which the rate
per cent-namely, from September to
v The reserve Of notes increased only
one million sterling, and the bull
ereserve OF notes on the 10th inst.
.9l5, and the bullion in both
ing departments fl3,6i7.2 .27d.
re still occurring in England
Intelligence from Australia,
aud other places was looked
apprehension, and fears
sustained TO credit abroad
at home were enter
ling prevailed.
to the evil policy Of
option Of government
lily within short pc
wing exhibit Of the
Indebtedness as they
last, together with
n is payable. in
nts to which the
uture by the ma
ormous amount
Principal
Poydtk-
ian. /, 1865.
Jan. i, 1868.
July l, 1868.
Jan. 1, 1871
M 1, 1874.
/, 1881
', 1882
';hsos 1864
81.