The New York herald., 1865-11-05

Toledo and Wabash, another OF the Western fancies
under manipulation Is half stock the oustand-
ing being only $50 and therefore, is quite
easily handled "prare Dog and dangerous to sell
tshorn But all combinations TO corner stocks and
force them unduy up or down TO be deprecated.
They Inconsistent with legitimate speculation and
unscrupuous and dishonest as brgandage.
New York Central closed the call at the open board
at 1908. Eric s21l Hudson River los, Reading 1141S,
Michigan Southern 717S, Cleveland and Piitsburg 81,
Rock Island 107s4, Northwestern 32 preferred 65l,
Toledo and Wabash s 81 49, Fort Wayne 1884, Ohio and
Mississippi certificates o0 Canton 43 Cumberland AK,
Quicksilver 49,.
Afterwards, the street. the operators recovered
from tho mild attack Of cholera on the BRAIN
under which they had abored during the morning,
and, Notwithstanding the heavy rain, large crowd
gathered and largo business done in Broad street.
the marke' being strong all round Prices continued In
the ascendant til the close OF business Erie and New
York Central being especially active At nvc O'Clock
p. NJ the former quoted at 937.. New York
Central l0i, Northwestern 32k, Northwestern pre-
ferrcd 65K, Fort Wayne loi 104t4, Michigan
Southern TEX a73 Cleveland and Pittsburg s3x a 4,
Rock Island los, Ohio and Mississippi certificates a9
az, Reading ii5is Quicksilver 4sh, Cumberland 431s
az.
Tho money market continued easy at seven per cent,
and In some instances balances lent at SIX The
banks make better report of their condition. owing
the steady return OF currency from the interior
Four hundred thousand dollars were paid into the
Sub-Trcasury yesterday and today for conversion
into Clearing House certificates which payable
sight after thirty days and bear I'VE per
About a million and q half Of these converted
during tho s,nngcncy; but the amount Of twenty
nve millions, to which they limited, will,
from present indications, soon be made up
again Tho total amount OF the temporary
loan withdrawn since the 9th OF October has
been aboat thirteen millions, and the receipts
nearly equal to the disbursements Tho discount line
shows no abatement OF activity, but borrowers
little better accommodated.
The god market strengthened from 14o at the Open
ing, TO 141i. at the close OF business. Cash gold
scarce, and loans were charged from 132
10 V per day commission. The export OF
specie aggregated So 900, OF which the Hansa
took Si2 600 ara the City Of New York $22 o0o making
for the wcck sa1 700 The gold certificates will be
issued by the Subrreasury some time next week. The
denominations OF thousand and hundred have not yet
arrived from Washington.
Foreign exchange firm at loaI 10oIf
Petroleum stocks we're active the nrst board but &C.
81 lower the majority, and 3c 2sc lower on fes,
the rest being steady Bonncho Run 81 lower than
ct yesterdays morning board closing sl3 Shade River
s2 16. Webster was Csc. higher closing al 81 a.
KnIckerbocxer sold ut Iec, Lnery 45c New York and
Newark 40c Buchanan Farm Soc. Bradley 81 II, Ex.
celsior o0c occunic 50c Pholc Creek hc stock acvc
sl2 4s, Corydon Mining Company s5c., Kipp and Buell.
81 2k
question in relation 10 the tax on State bsnk issues
mas recently boon decided by Judges Grcr and Cad
vasdsr IN the United States Court. at Philadelphia
The salt WAS brought By the government against the
CoumDia Bank Of Pennsylvania, and the decision was
sn favor OF the bank II settles important question
Cor the old State banks subject 70 ax % their crculs
.sioa Under the oct Of Congress- Of June 30, 1894,
monthly duty or ax Of ouetwelth Of one per cent was
directed 70 be levied upon the average amount Of
sireuation by my bank, and an additional duty
Of one-sixsh Of one per cent upon the average
amount Of circulation beyond ninety per cent
Of capital, which two taxes the bank paid
without scruple. The former Comnissioncr, Mr.
Lewis, insisted that instead Of the tax o.
one-twelfth Of one per cent on the average
and onc-sixth OF one per cent on the ex
cess beyond ninety per cent Of capital, th'
bank should pay onetwelfth Of per cent and also
onssxth Of one per cent the average circulation s
sued by the bank This refused, and case state,
agreed TO- upon which, after argument the Court drecses
INDIGNANT 10 be entered in favor OF the bank which,
course "a an end OF the claim for the additional tar.
The New York Guaranty and Indemnity Company
which was recently organized In this city with
capital OF two millions OF dollars Is in operation
shs stock having been Ill subscribed It's working