The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-10-31
FINANCIAL AND COMMERCIAL.
MONDAY, Oct. so-6P. n

MONDAY, Oct oV-oA' -
The stock market opened with considerable ouoyan0s
this morning the early session Of the open ooau
New York Central sold at 90, Erie s2x, Reading Io<'
Michigan Southern 74,I Cleveland and Pittsburg s2x.
Northwestern sox preferred 6ox, Fort wayne los,
Ohio and Mississippi certificates 2sk AT the hrs regu
lar board quotations were the ascendant and the mar
ket yery active and there was strong demand
for New York Contra, Chicago and Northwestern
and Fort WAYNE New York Central closed ~
higher than at the first board Saturday,
Reading TX, Illinois Central N, Cleveland and
Pn,sburg III, Northwestern u, preferred IA
Rock Island tx, Fort Wayne 5x Prairie du Chen 8,
Ohio and Mississippi certificates ~, Cumberland TX
Atlantic Mail sold at l53 154. Erie was y lower Gov
eminent securities improved. Coupon fve-twenties
showed an advance Of " ten-forties r. New Ave.
twenties declined u.
After the call tho volume Of transactions continued
large, but prices declined fraction Subsequently they
recovered and o'clock open board the market
was strong At the second board It very firm,
New York Central being the strongest stock
the list The latter closed ~ higher than
at the nrst board Reading ~ Northwestern r. preferred
u, Rock Island u, Fort Wayne y, Prairie du Chen u.
Erie 4 lower Cleveland and Plttsburg X. Michi-
gan Southern Ohio and Mississippi certificates and Quick
silver were unchanged Government securities were
dali but steady ssvsnthirty notes Of the third series
sold at 97H
At the open board at half past three the market was
buoyant. New York Central sold at 100A, Erie s2k,
Hudson River 1osK, Reading 1le, Michigan southern
TAX, Cleveland and Pittsburg s3k, Northwestern Sia,
preferred 67N Rock Island 1929, Fort Wayne loS1s,
Prairie du Chen 69A McGregor Western ~ Ohio ana
Mississippi certificates 90 AtlanticMai 1861 Canton 42
Brunswick IL, Quicksilver 49,
Later the street. the market was nearly STEADY. Az
ten minutes past FIVE P NJ. New York Central was
Ona< Er;a ~,
Cleveland and Pittsburg s21 SO, Northwestern 3lA
preferred 67h "a Michigan Southern TAX u, Fort
Wayne 105kax
The market was firm at the close, and the disposition
of the street speculate for rise showed no abatement
New York Central Northwestern and Ohio and Msss-
spp certificates were strongest shares the specu
lative list
The demand for loans from the Stock Exchange was
promptly met per cent and the capital offering
TO houses in good credit In of the demand
There was large of legal tenders from Chicago
and other points in the West to the banks
here this morning, and this impaired increased
ease TO the money market This return owing TO
the banks at this centre with Western accounts having
declined TO accept the thirty and sixty days paper
offered by their correspondents and consequently there
is no alternative for the but return Of the cur
rency which they withdrew during the last two or three
weeks unless produce Is sent forward in sufficient guam
titles neuralize the existing dsparities The enect
may be in slight deduction OF the prices OF
produce the West; but this will not necessarily react
materially upon prices the East for the decline will
stimulate exports in proportion to the decline, and 80
the equilibrium will be preserved.
Tho bank statement for the week was on the whole
more ia vorabe than generally expected II would
be- The OF 81 In loans shows the con-
traction which the withdrawal Of deposits by the country
banks occasioned. This however, is chiefly traceable
10 Withdrawals Of the temporary loan from
the Sub-Treasury The decline Of only $685., 800 In
the deposit line is highly favorable symptom, indi-
eating entire absence Of dsrust the part Of deposit
tors The of $25772 in legal tenders is in
codance with the disbursements Of the SubTreasury and
the return flow of currency from the West The deposits
show decrease Of s5e7 $780, which shows diminuton
OF the monetary PRESSURE the decrease in the last
statement having been S. 172 048 The decline in specie
is owing both to the demand for customs duties and
port The discount line is little sss active, and first
commercial paper passes at per cent but fair
submit to 10a IL
The gold market was steady. The opening price was
145x from which there was advance OF II, followed
by a relapse the opening price, at which it stood at
the close Of business. Loans were made fiat
Foreign exchange steady at last Fridays quota
TONS and bankers bills at sixty days quoted at
I0sH Ak
Petroleum stocks we're on the whole steady at the FIRST
board Phoe Creek closed 90c lower than at the samo
time on Saturday. First National advanced lc., Rynd
Farm advanced &C. At the second board the market
heavy. The closing quotations were:-Pithole Greek
50 rs, Rynd Farm 05c., Tack &c, Oil Creek 81 50,
Oceanic $50, Germania 42c, Bradley 81 is, Benehof
Run SIG IS
The following figures compare the last weekly state
ment OF the New York associated banks with the re-
turns OF the previous week.
Oct Il Oct. g.
Loars 1924 0eo67o 4219, 805, $50
Deposits ........... ia 1Hli0 173624,T1
Specie. =. ............. l5,5B,54o 14,910,66I