New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-11-21

NowYork Central has been very active, selling at lOie
IDOL and closing at no. Erie sold low ~ and 50
high "a 79i and closed at 7sa Pacific Mail was strong
Chicago and North-Western was firmly held all day and
closed at 5I and at "a for the Preferred Fort Wayne
fell IA per cent and Cleveland and Toledo T. Atlantic
Mail was held at 49, After the call the market was barely
sustained Stocks were borrowed to-day upon favorable
forms, and we're in large supply The market closed as
follows: New-York Central l0alOi; Erie, 7ei97Sii
Reading IiA!all4l; Michigan Central, 49, Michigan
Southern s3taS3I Cleveland and Pittsburgh s6i 9s6t;
Rock Island 1851 9lO5i, Northwestern, ST 52t do.
Preferred, NAN; Fort Wayne, 1861 SlO6t Ohio and
Mississippi Certificates, 3Oa@t.
Money on call col per cent and brokers of good credit
and ample capital have been free borrowers at the latter
rate Tho leading lenders Of the street to-day put up
their loans to per cent, and fow are paid Oh In conse
ouence Currency is scarce among the banks and good
deal of shoppng has to be done whom large checks
called for in cash. and that too by banks reporting the
preate,t strepCth In legal tenders The banks, as a
whole are not in position 10 expand. They have too
largo proportion OF their capital and deposits
invested in United States stocks or loaned upon them TO
permit them to go TO the Of traders In gran pro-
visions dry goods or stocks and relief can only come to
borrowers by selling the commodities they are holding on
speculation by borrowed money. AS Affairs now stano
borrowers and lenders alike must concede that we are
upon the summit Of the imitation growing out OF the Re-
belion The National banks hayo exhausted their power
70 issue currency and the Secretary Of the Treasury has
commenced destroy the legal tenders by which National
redeemed As he is able 10 continue this pro-
cess and at the time TO fund and pay off short cur
roncy debts, 1t follows as a natural result, that
the banks and the borrowers of tho country must reduce
their liabilities in proportion to tho withdrawal OF
the legal tenders upon which they are operating Tho
e..
and through funding and payment is steadily working
back to specie payments-not fast many desire but
still to degree which should teach people prudence about
making now engagements. Tho buying power of money
increases day by day. as all can see who will take the
trouble to read the prices current Of the products of the
country whether from the soil from manufacture Con-
gress may legsae in the direction Of expansion, and so
defer for short time the resumption Of specie payments
but people will do well to be too of this, and to
keep themselves as much out Of debt as possible. In
commercial paper little DOING call loans having decided
preference with lenders.
Primo so day bankers sterling is quoted OF 1925 9lO9
three day ditto l09iSlOei; francs, long date 57I0
5.I6i.
Freighs are more active and rates are firm. The en-
gagemcns 10 Liverpool are 10000 bushels Barley at 3d.
500 bales Cotton at a932d 1000 bushels Rye private
terms and per steamer 900 bushels Barley at 4d and
IL Logsheads Tobacco 3Os 10 London 5000 bushels
RE at SD.
The Journal Of Commerce in stating the movement Of
specie at this port, says:
There been steady gain IN specie since the close Of June
eacL succeeding having shown balance In favor OF the
receipts loss January which nearly thirty
millions at the dnto OF the change is reduced TO eleven
millions and will be nearly wiped out by the close OF tho year
unless the shipments shall again increase his Is FAR better
result than could have been anticipated and Of the best
features OF the financial prospect
The Pacific Mail Company has declared its usual quar-
tery dividend Of per cent, and also dirdend Of 33
per cent IN f pad stock TO all holders the Goth Of
November at the closing of the books The stock now
stands az follows:
Original capNnl. .eiuiuVViVVV
Five millions OF new capital sold and invested in -.
Five millions issued under the per cent dividend 100000
Total capital. t O1OOO
The assets its ships, coal, dcpots workshops and
materials:
United states C5 OF l-sl, at par.....-..---..lONoVO
The stock sold to-day at 2i0 Deductng the cash div
idend Of per cent and adding 3 per cent of stock
gratis it the buyer 6l. The Company issue at once
certificate representing the stock dividend, and also ac
cept orders from parties selling which be placed with
the original certificates, whom hypohecated, thus giving
the lender all the security which will be had on the I'd Of
January, 1867 when the certificates will DO issued
This afternoon $50 bid dividends equal to ad-
vance Of q per cent and offered at 1876.
.pNrNoa arcoNr, uErE ~ NovrNfprp