The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-12-27
FINANCIAL AND COMMERCIAL.

II,
IN. socL .rra, VAS doll and persistently hammered
to-day but 1t closed with improving tone ana 'ne
probabilities favor more active and buoyans specua-
zion sn.cav after the turn Of the year At the early
session Of the omen board New York Central sold al soS
Erie sas< Reading 1o7,< Michigan Southern 7aS elese
land and Toledo ll3 Cleveland ana Pittsoufg os,s'
Northwestern s5 preferred 6lH, schuvik coaf Is .,
"a 4, The erst regular board Erie closed higher than
MT the same time Saturday, Fort wayne "a Nar'poss
- o,,..,,ur, Northwestern and Rock Island were.
s.o.dv Reading was 4 lower Michigan Southern =,
New YORK Central u, Cleveland and Pttsburg y, Cieve
land and Toledo !, Ohio and Mississippi ceulhcaes -
c.varnment securities were nrm. Coupon nve
sventies Of the first and third series were hgher
seven- thirty notes Of the first series y
A. The omen board at one O'Clock Erie was lower SELL
inc At e4 but the Of the list was about steady At
The half two session of the regular board Eric closed
" lower than at the first board, Reading 4, Michigan
outbern T. Cleveland and Pittsburg ", Northwestern
" prefcrred a. Cleveland and Toledo l, Rock Island ~
Fort Wayne " Quicksilver u, Ohio and Mississippi GER
snc.ses " Governnentsecusities worn Qsist 6eveni
shiry notes Of the Arst series were q lower.
A. hafpsst three board New Yosk Uea>gu nd 81
ssx. Erie s511 Reading lO7, Michigan Southern W,<,
forthwestern s51 Cleveland and Pittsburg s2X Rock
Island a. y 1851 Fort Wayne l06. SchuykiIl Coal ~
Afterwards on the street. the market dull bat nrm
Michigan Southern and Cleveland aud Pittsburg being
the most active tho railway list At $40 p d. Pittsl
burg sold at ss Michigan Southern 74H, New York Cen
trail 953s *.
Money very easy on the Stock Exchange at a
per cent and IN some instances balances hawked
about at six per cent without finding borrowers. The
discount line was quiet the demand being light First
class commercial paper is easily discounted at per
cent but other grades range from 10 49, owing the
n IN In nf
nty. otherwise than first class and short dates The
bank statement extremely favorable indicating it
Hoes, steady accumulation of loanabe funds at this
Dentre The legal tenders have increased So OO3 ee4
he deposits So losu7 the loans s75767s and the cir
nation 5000 AGO. The specie has decreased 1925 39S.
ms Treasury remains il easy position the balance in
be Sub Treasury this afternoon being SO 1872 2i4.
The gold market was steady but dull and loans were
generally made fat The ohenng price was 145i4, fol
lowing which there declise of X, advance to
1lSk, and subsequent relapse to 145H
Foreign exchange continues firm but dull Bankers
ask 1929 for their bills at sixty days and 1104 y
short sight; but buyers unwilling give more than
l09k for long bills The supply Of commercial bills is
scanty and unequal to the demand.
Petroleum stocks inactive. At the the rs board
Bennehof Run closed 45c higher than the same time
on Saturday. selling at SIG 49, PhoIe Creek csc selling
sold at 81 75 Kentucky National Petroleum and Mining
Company 81 %, New York and Philadelphia CSC, Pal
Petroleum So 80 Pthoie Consolidated 81 TO- First
National dc, Germania 29c., Ham McClinock SO IS
Heydrick 55c United Petroleum Farms 40c Oil Creek
81 so, Webster ST. Empire City 50c Quartz Hill 81 10
At the second board Benneho closed 35c lower than
the FRS, board, selling at sis FIRST National sold at 45c
Oceanic 4sc Union STA United States $2s Central $685.
Buchanan Farm TIC, Waikiki 81 so.
The trustees of the creditors OF the Ohio and Misss
sippi Railroad Company have just published their annual
report, which presented at their meeting Dccem
Der 10 The total amount OF common certificates out
standing December was &c. 22 $40; preferred
g. $50 506-making total OF S22 773 1856 The secar
ties which convertible into certificates
aggregate only s5a5 the first mortgage bonds
mortgage bonds and second mortgage coupons, In all
about 1924 ooO being convertible into preferred certi1
Gates. Tho statement which quoted yesterday from
the Cincinnati Gazette is described by the here
having been 'nade out of whole cloth" The earn.
ings for the year In report have been
o. 1850 49, estimating the earnings for Nov mber and
December, and the expenses for The same time at
12H26il showing net gain Of 81 DIG s22, and an in,
rease over the business Of 1864 Of $697,159 'The
Choe amount payable January next, for interest
bonds aud preferred cartihra thv report. s
la2s o00 and THU Is already in the hands OF the
fustees." A large amount Of the expenditures
represented have been Of exceptional character
such the rebuilding OF bridges with substantial stone
abutmens the substitution OF earthen embankments for
decayed trestie work the addition OF improved water
stations and the balasns of considerable portion Of
the road. Nt0@t
The general impression in Wall street is that there vii!
be "a brokers' market" durngthe remainder Of the week
the Stack Exchange but that January will witness
active speculation for rise. The supply OF money avail
able for speculative is very large and still ncreas-
Ing in volume and 10 this the disbursement Of the dvi
bends Of public companies will add considerably II will
therefore be strange IL the present inactivity should
much longer continue The market has, however been
assiduously hammered for SO many days that speedy
reaction inevitable
Mr. J. J. Roberts, OF "a Broad street, has been admit.
ted member OF the regular Board OF Brokers
The business at the Sub-Treasury day fol-
lows
Total receipts. 025, 4ss
Dawxn