The New York herald., 1865-12-09
FINANCIAL AND COMMERCIAL.
FmpAr, Dec. SO P. N.


FmpAr Dec s-8PM.
Tho stock market opened firm but dull this morning.
tho early session of the open board Erie sold ut
s3H, Reading ll7L, Michigan Central ll6, Michigan
Southern 755< Cleveland and Psburg s5 Northwestern
s69. Cumberland 45l4 Schuykili Coal H. At the first
regular board the speculative spirit was tame and there
was . disposition the part Of the bears to hammer
the market New York Central closed u higher than
at the second board "Wednesday, Pittsburg ~ Ohio
and Mississippi certificates u, Canton u, Cumberland
x. Erie was 4 lower, Michigan Southern p, North
western S, Rock Isand u. Government securities were
dull Coupon hve-twcntes Of the old issue declined r.
The issue advanced u, sevcnthirty notes OF the
second and third issues 4.
AT the open board at O'Clock the market was 70
lower portion Of tho list Az the second regular
board il was rather fiat New York Central closed x
lower than at the first board Erie %, Hudson River l.
Reading e. Michigan Southern 2s, Cleveland and Pitts
burg 81 Northwestern preferred u, Rock Island l. Fort
Wayne Il, Mariposa common T, Cumberland ~, Ohio
aud Mississippi certi.caeslS. Northwestern common
was = higher. The that the latter company is
likely to pass the dividend due month its pre-
ferred stock revived, but It generally cred
ited owing to the large earnings OF the road Govern
securities were inactive. Scven-thirty notes OF
the third series u lower.
At the open board a. half past three the market was
lrmer, and prices experienced fractional Improvement.
Reading sold at ll5H Cleveland ami Pttsburg o45a,
Rock Island Io6 Northwescrn 35, preferred "a, Fort
Wayne 1865, Hudson ios1l, Michigan southern 74's'
Canton - IL Quicksilver 47i4 harposa common i45s,
Schuykill Coal 12lS The latter company announces
that expects to have all land under lease by the
May next that when this IS effected Il VIII be
in receipt OF royalty Of from Soc to 81 per ton on
about L 500 900 tons per annum, which would give
an annual income TO the company OF over twenty-five
per cent on the par the capital stock.
Afterwards on the street, the market continued TO
improve At i've p NJ Erie was quoted at 927S, Pitts
burg 04 a f. old Southern 7I5 rs, Northwestern 35M
q, preferred 81.
Tho gold market has been heavy under the effect
OF large sales Wednesday and this morning by
tbs sub.Treasury. These are evidently made IN
preparation for the half years intercs: three
hundred millions o. seyenthirty notes due on
the 18th instant. The interest TO be disburscd
amounts to $40 $50 COO The opening price 14614
followed by decline 10 Il55s and recovery to l45s
i46 at which the marke. closed. Cash gold continues
abundant, ani per cent is paid for carrying u.
Foreign exchange was very Erm, but the volume OF
transactions was limited owing TO the unwiingness OF
buyers tho market AT current rates and cor
responding ndsposton the part OF bankers TO relax
their quotations The latter asked lo) for their sixty
day bills England and li01S u a. short sight Com
merca bills are scarce as being made. The best
"a,
I0s,. There arc no considerable offerings of
Southern cotton bills owing TO the hold
,ng back or cotton the Gulf ports, where
il has been discovered that the supply is less than
was az FIRST supposed, consequence or the bales
proving b, from fty hundred pounds each below
the usual weight. bale Of New Orleans cotton used TO
weigh about four hundred and iity pounds, and in
some cases as much hundred pounds; but those
which have been coming forward during the last few
months have weighed only from four hundred TO four
hundred and ty pounds and In this connection we OBJ
that View Orleans merchant writes TO Liverpool
journal to complain o. this deterioration Of weight He
cites OF vessel Of 7-0 tons burden carry
ing $500 bales, whereas before the war tho same
vessel could not have carried 1000 bales This is
probably an exaggeration; but that important
the old and the weight oi cotton
bales docs exist Is corain and 1t has greatly mised
those who have from time to time attempted to estimate
the quantity of cotton In the South Probably the
change during the war; for convenience trans
poraton well with view 10 direct profit, cotton
having unfrequentIy bartered by the bale for
imported commodities.
Money was in moderately quick demand at seven per
cont the payments into tho sub Treasury on account OF
gold having contributed the increased activity of the
market The supply was however abundant the
Stock Exchange and there FOR apprehensions
OF tho least stringency. The payment Of about
eleven millions interest this day week by the
win tend to produce ,rea.er ease. The conser-
vaive the Presidents Message and Treasury re-
port as also the recommendation OF the Comptroller OF
The Currency increase Of national bank notes TO
The amount Of four hundred millions, one hundred
millions more than originally authorized, meanwhile
encourages the bushn temper OF the street; for the
arguments Mr. McCuoch respecting contraction will as
himself confesses be mpracticable FOR considerable
time come and then be put into operation but
very slowy. In the interval further imitation will take
place through the national bank issues and the subtitu
,cn Of compound interest noes FOR the inert "Iad
poles.
The discount line shows slight relaxation Of rates.
hat only sell known and nrst class signatures are in
favor * per cent The second class passes at 10
4. but ordinary submit TO still higher rates.
The report brought by the Asia 10 the effect that the
Spanish Ministry mad decided 70 back out Of the Chilean
affair had depressing effect upon copper, which de-
cned TO sc per pound. against 46c. few days ago.
The following table shows the value OF the mporta-
tons Of dry goods at this port for the week ending
December -
foasan, pfioR. fHE Edtre.
Manufactures OF wool. oo.................IIn In 5000 ".
Me-. f.gl.r .aaf..