The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-10-21
FINANCIAL AND COMMERCIAL.


N M FmDAy, DOT. 20-6RM &
mo s.vcx market was subjected 70 renewed hammer
ing at the early session Of the open board this morning
but prices remained steady a the decline OF last evening
New York Central closed on the call Al Sl5l Erie ssk,
Reading 1884, Michigan Southern 7lK, Cleveland and
Pittsburs 7s. Rock Island 1o7 Northwestern 2o pro.
ferred 6sl, Fort Wayne OK, Prairie du Chen 5s, Ohio
and Mississippi certificates 3ok. Al tho rst regular
board prices were lower. New York Central closed u
higher than at the second board yesterday Reading *
Cleveland and Pttsburg e, Northwestern r, preferred
III Fort Wayne n Prairie du Chen ~, Ohio and Mis-
sssippi certificates ~ Hudson River and Rock Island
were unchanged. Erie IN lower, Michigan Southern
n, Illinois Central u. Atlantic Mail sold a. l43. Gov
eminent securities were depressed Coupon nvetwen-
lies Of the issue declined y. Seven-thirty notes
pressed for sale in large amounts holders OF ai
way securities and being inclined 70 sac
the latter before tho former The second series de-
cIined &, third y. .a see
After the call the market experienced further weak
ening, and New York Central sold down to 93X, Erie
sej Reading l12x Hudson River d. 81 1854, Michigan
southern 6sx, Pittsburg 7aa, Rock Island loe1,
Northwestern 20x. Afterwards, the street, Erie
touched S5X and the whole market was In state Of
semi.panlc bat before aud at the second board u
stcadied and underwent improvement New York
Central closed TX lower than at the first board Erie lH
Hudson River TX, Reading, Is Michigan southern 4,
Illinois Central I, Cleveland and Plttsburg y, North
western ~ preferred q Rock Island l. Fort Wayne y,
Prae du Chen Ohio and Mississippi certificates x,
Cumberland Ia. Government securities were heavy.
Coupon ilve-twentes declined r. Seven-thirty notes
without Improvement.
AT The open board at hafpast three the market be-
come stronger New York Central sold at 80 r. NJ at
VS. e5la Erie 81 s7k, Michigan Southern 70z. The
market titled at the close, bat the bear move
inent showed signs Of exhaustion
The demand for money ON the Stock Exchange has
not been urgent to-day, but the market was generally
reported active at seven per cent Good houses have
able obtain all they required that rate but
wide margins have been exactcd from others, and in
some instances commission besides. This has COM
PEELED many OF their number to sell out at heavy loss
and slaughter their customers unceremoniousy. But
the money market is at the same time not really
stringent nearly active il was week The
disbursements Of the Sub Treasury rapidly increas
ing the amount of loanabc funds available for use in
the street. and the government is Interested in
lug monetary ease both for tho SAKE OF keeping up its
securities In the market and maintaining the fnan
cia and commercial equilibrium OF the country The
disbursements OF the Sub Treasury to-day on account OF
The temporary loan aggregated sl5o0,0o0, of which
Si50,000 was for Clearing House certificates.
The gold market steady. The opening price was
1861 from which there decline Of Il, and sub
sequen recovery to 1851 at which stood at the close
Of business Loans made Hat, and in
paid interest.
The subTreasury will begin to disbursc the interest
the registered hvetweuty November coupons on Mon
day.
Foreign exchange firm but dull Bankers asked
109 for their sixty day bills, but sales made
ond hand at 1921. There Is more demand for short
sight bills which quoted at ll0K. Merchants bills
sold at 1857 100.
Petroleum stocks were moderately active at the first
board with advance ,l 25c in United States COM
pared with the time yesterday, Ptho'c Creek &c.,
Bradley Csc Shade River declined Acc Al the second
board Pthole Creek closed at 80 25 Webster Doc,
Tinted Farms 75c., West Virginia 1885,, Bcnnehof Run
&4 Buchanan Farm Tic, Everett s5c, First National
63c, Rynd Farm Soc. Oil Creek 81 3d. United States
$2s 20
In our reference TO Clearing House certificates in
Wednesdays issue we made by msprnt to speak
OF banks not belonging to the association buying up
what other banks needed cash It hardly necessary
say that the word mot error
The business at the sub-Treasury to-day fol-
lows
fAyhfents. @sovoL
bnSanCe. 90 oSl, 4ol