The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-12-21
FINANCIAL AND COMMERCIAL.
"WEDNESDAY. Dec ao-sP. \.

"WEDNESDAY. Dec ~ r. -
mere has been dull and unsettled, but on the whole
steady, market for stocks to-day. AT the carry so'on
Of the open board the prices Of last evening were wen
maintained, and In instances IacuonAi AaVan0.
vvss Experienced Erie sold al s5A, New York Central
osx Beading 1o7x Michigan Southern 76k, Cleveland
and Pittsburr soy ssX, Northwestern Sex, Quick
stlver a. schuylki Coal l4H, Canton 4sH, Ohio and
Mss,sspu, certificates 29K Al the first regular board
mia was strong, closing higher than at the hafpast
% hoard yesterday. New York Central showed
nm advance OF u, Reading y. Northwestern
z. Quicksilver az. Michigan Southern. North
western preferred, Rock Island and Cleveland ana
Toledo were steady. Cleveland and f1'tsours
wss lower Cumberland y. Ohio and Mississippi cor
s,ncases were In demand at 2S,S AZ. Schuyikii Coal
sold at lax Il Government securities were quiet
Cannon avs.tventes OF the old issue x higher,
and the third issue was steady small lot Of coupon
tsn sorties was sold at decline Of notes
wsro unaltered.
Al ts omen board ct o'clock the market rather
he.xv and prces ruled fraction lower throughout the
Lat AZ the hafpast board there was improve
ment Erie which had been very scarce for delivery
on the street. was bought in, under the rule. 70
: considerable extent, and the prics ross to eSK.
but Afterwards fen on to OAK, closing n lower
thAa At the first board. New York Central was =
lower Michigan Western r. Pittsburg !. Nosthwestem
I, preferred q Ohio and Mississippi oertinoasss X.
Quicksilver 4. Government securities were weaker.
Coupon avewenties Of the old issue declined y, third
issue X ten-forties u thrties second series, r.
Tho FIRST series advanced y.
Al the open board al hafpast three the market was
shade lower on portion of the list but Eric strong
al o. New York Central closed at o6x Reading l0ox,
Michigan Southern 753 Cleveland and Pttsburg SIX,
Cleveland and Toedoll4H, Northwestern 35K Schuyi-
Kill Coal 1875, Mariposa (b3) lax.
Afterwards on the street. Erie continued strong at 95
o5k, CONTRARY to general expectation. Hitherto call
Ing ia Of this stock by the lenders.
the case to-day, and buying In under tho rule In
cases where the failed to respond has usually
been attended with heavy sales by tho bull operators
but such hardly appears to have been SO in The present
instance IL may judge by this advance following the
calling and buying In II not. the later was
probably intended befog the street and decoy the
bears into selling the stock "short." Tho market con-
tnued dull up the close. At halfpas Eve p M. Erie
had receded TO 94k u. Pittsburg was steady at
8Tkak.
The money market largely supplied while tho do
and for loans continued light, that greater ease was
generally experienced than at any time during the
month. Lenders anxious TO place their funds at
per cent, but in number OF instances six was
accepted The dulness the Stock Exchange was re-
garded somewhat anomalous, In view OF tho great
abundance of money available for speculative uses,
and the absence of any really depressing inhucnces
but q vague TO the effect that bill
had been introduced in Congress authorizing
the Secretary of the Treasury TO fund tho public
debt at his discretion had doubtless some effect
in producing hesitation among the bulls although there
IL good why such BILL oven II actually passed
should affect the Of speculation on tho Stock Ex
change the state Of the money Market prices In the
general markets. Such bill would merely coufcr upon
the Secretary the authority he has asked for In his TO
port which, from the nature Of his surroundings no
viii unable exercise for three years come unless
perhaps the extent Of neutralizng the effect Of tho
fresh issues Of national bank notes. which going for
wat tho OF about four millions week. the amount
for me week ending with the 10th inst. having been
S4yo1 80 is impossible, however that any process
OF contraction 10 Offset this imitation DO adopted by
the Treasury with safety ITSELF which will be sufficient
~ speedy TO prevent these new national bank Issues
from exerting subtle influence upon monetary affairs
higy favorable to speculation for rise. Tho aocumua-
ton Of funds ct tho financial centres will continue and il
worry unlikely that these win be suffered 70 rcmain
Idle ~ at present
In tho discount line the plethora Of money inducaas
greater freedom In the acceptance OF second class
msrcis paper. and at the tme the pressure for
discounts abatng, owing 10 the duness Of tho general
markets causing reduction OF the quantity Of paper
made There Is, however, little noticeable change
ia rates. tho first Er1e being quoted At pcr cent
and the second At 10 H. but Is fair 70 infer that
thers Ia more dong at the lower ngurea se 4
The gold market was extremely dull. and coin was
loaned by paying por cont interest upon the
oy advanced The opening quotation was l4ox, fol-
lowed by advance Of ~ after which tho proo dropped
- lAs and remained steady at that point I'LL tho close OF
business. There was specie shipped BY tho Boston
The Henry Chauncey, from Aspnwail, brought
sssS, $50
Foreign exchange was inactive, and bankers bills at
sixty days on England were quoted al 10ox 10ok.
Both exports and imports continue above the
age but allowance must be made for tho impors being
calculated q ther gold value while the exports est
mated at their currency valuation. The exports last
week wore returned a SS.44oAAS, and the imports at
81, T44 ia
The total exports exclusive Of specie) from The port OF
New York 10 foreign ports during the week ending De-
csmber 10 amounted In value 70 IS, 44o, As.
The business u the sub-Treasury to-day was a. fol,
Iosa receipts ~
fAymentS... l4lAv6
DaAsncc 20
Tor CustOms. 61tVuW
On account Of government loan 4It,0C0
Cotn csrttnoates..... A5l, 240
New York stock Exchange.
DScMBsR 70, 1850
FIRsr sEssIoN-10:S0 A. n.
$1,000 us0s, 81, con 101T 10shs IN Natl Bank %
1o0 U5o's. b3oo'o2s l02X 20 Penn Coal Co.,. ITO
5000 do......... losx 500 Cumb Coal pref. ~