The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-12-16
FINANCIAL AND coMMERc IAL.



nm. s,s,. rarket dsveloped increased strength ana
activity to-day under which the bear clement sensy
ueakened At the early session OF the open ooau ~"
York Central sold at 96h Eric 9SH, Hudson n"e' .V.s
Cleveland and Pi.tsburg s27s, cieVelehu az -,
1851 Rock Island i07a<, Fort wayne ioo 1N'
Coal 1917 Mariposa preferred =" a. ''o 10 -,
board there was general advance Oh Pi'0csI No"
Central closed higher than al the secona ooaru
day. Erie 4, Reading " Michigan southern ~ 80,
land and Pittsburg y, Northwestern "a =,
pocS r,,,,a ~. Fort Wayne x, Ohio and Mississippi
....,a.a,.gx Hudson River Toledo and Quicksilver
unchanged There some inquiry for city rsii-
s,,cks and al was bid for Second Avenue Gove'n
., aeeurities were dull but firm, and nvetwen''cs "
,ha ala issue advanced u, n-forties r. SeVeh'nfy
notes we're steady.
4, IN, one O'Clock open board there was large bust
and prices generally airactioh hgnef nan
Al the simultaneous session OF the regular ooaru onio
and Mississippi certificates were active, unaer repoued
svorbo staomon of the earnings and expenditures Of
tina road submitted at the annual meeting OF tho COM
MANY on Monday last Marposa preferred rose to 2oH
a.ae, r,mors from the mine and Schuylkin Coal was
Arm at IsH Att meeting OF the latter company, held
todsv Mr. n II Boody was elected President, and Mr.
Drummoud Treasurer The transfer books have been
removed TO the Office Of the Union Trust Company.
AT the second regular board the market was on the
whole strong. Cleveland and Toledo being the stock
most actively in tho ascendant closing az higher than
At tho Grst board. Reading Il higher, Michigan
Southern u, Northwestern preferred * Fort Wayne ~
Ohio and Mississippi certificates H. Clcycand and Pitts
burg quoted cxdiyidend a per cent?, which left II
s,sady al the morning price Northwestern was Z lower
Rock Island a. Government securities were well sus-
tanned The gold bearing stocks being steady, ana ca
thirty notes of the first and third series u higher
Al tho open board at half past three the market
generally firm but Marposa preferred which sold at 81
and Cleveland and Pittsburg, which sold at 80, were
strong New York Central sold at 96M, Erie 1884, Read
ing ti6M Michigan Southern rs, Cleveland and Toledo
1l2K Rock Island 10TH, Northwestern 35s, Ohio and
Mississippi certificates 2s%, Schuylkill Coal 1917 o. 49,
Afterwards the street, Cleveland and Pittsburg was
excited and rose to 9osl, while tho rest
or the market remained Arm. This advance
in Ptsburg after the closing Of the books of the COM
pany symptomatic of coming struggle between the
bull and bear interest which, although expected in well
informed quarters may possibly take the street by
prise
There increased and therefore redundant
supply OF money available for use on the Stock Elk
change, and brokers promptly accommodated or
fair coliacras at per cent while some OF the
banks were lenders at six per cent on call notwhstand
ing the balance in the ub-Treasury has risen to
$y5,676679. The sub-Treasury here, alike with the
Sub Treasures elsewhere, dsbursed the semi.annu
interest the seven-thirty notes actively to-day
also did those OF the public repositories which
held balances to tho credit OF the Treasury.
In this city the National Currency and Ninth
National banks among the most active dis
bursers In discounts there is notable change and
long inducements exist for profitable temporary
Investments Of capital all but first class will be
abooed unless at such extraagant rates now
rent-namcly 10 20 per cent for grades OF commercial
paper which, anteceden to the war; would have passed
at tho legal rae II is fair TO say however that
second class and inferior paper has largely increased in
volume the termination Of the war; while the sup
ply OF the best grade Is extremely limited and this
passes at a per cent.
The gold market strong during the carly part OF
the day but afterwards heavy. Tho opening price
l%61. followed by advance to l46, and decline at
tho close 10 1464. Loans made fiat by paying
ono per cent interest on the currency.
Foreign exchange firmly held at 10oS lOoX,
the latter beng the asked for bankers bills Eng
land at sixty days. Some of tire leading drawers
shrewd enough to buy gold at the recnt forced decline
and they equally tenacious OF parting with either
their coin their bills
Petroleum stocks were active At the first board Pit.
hoe Crock closed 1oc lower than at tino yes
terday, selling at SIS 10; BcnehoG Run Csc, selling at
SIS o. United States 81 so higher selling $40 90
Empire and Pithole sold at So so, New York, PhIla-
dofpha ana Baltimore VOc, NeW ork ana newark dSc
Brevoort 80 20, Excelsior 81 Buchanan Farm 75c.,
Bradley 4sc, Fee Simple 24c., First National &c., Ham
MoClntock SO So Pholc Consolidated 81 70, Marhat-
tan 43c Oceanic Soc, Oil Greek 81 S. Webster 81 l5
Copper Falls $25 Quartz Hill 81 So Waikiki 81 co. At
tho board Benncho Run closed 30c high than
al the Arst board, selling mt $1s 25 Buchanan Farm
sold at Soc, Bradley &c., Brcvoort 50 49, Excelsior
81 o. First National &c. Gormana CSC, Oceanic SIC,
Rynd Farm Toe, Pithoe Creek SIS United States $27,
0unnell Gold 81 Is, Quartz Hill 81 90.
Tho regular Stock Exchange has informal call
OF tho active stocks hapast three in tho afternoon
we'll as Of ton O'Clock In the morning. which, added TO
the thrco formal calls, makes Ave sessions per day Tho
ecc OF this Is showing itself greater speculative fer
vor both among the brokers themselves and outside
operators aud present tho tendency OF speculation
strongly 10 favor OF rise stimulated Is by the pro-
valng and prospective abundance Of money at under
per cont
Tho nporatons OF dry goods at this port during the
week ending December IA compare follows with those
OF the previous woex:-
~---.Dec 7----, DEC H.