The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-11-29
TNxNolAL AND COMMERCIAL.


FINANCIAL ANU OOWWsn~sn6s
TIT Ss sasl Nov. ss-oRx
me sesk ,asJfss : ispsaid enc sAs Sqll s.,-,sns
kSf Sts66a{ lSadsnhip holders Of Securities display
Hle o. no bIrhaoy 10 retaining them, but anxious
% realize Whenever there traing loss profit upon
sir contracta Prior 10 the panic they bold and
Xkndsns ana this confidence not impaired by re.
aept md even wide fluctuations Tho panic involved
SiS 81 pft 70 the bulls besides an enormous loss OF
money which Il WIZ take time to Just now
fhsy arc rsssrvng their strength for favorable oppor
Hply 70 display it. which VIII probably not OCCUR till
hs Presidents Message and tho Treasury report pub
ashsd, and " ~ 10 generally expected the OF the
former proves TO be pacific, sensible relief win DO
peenoed nom the suspense which always prscedes the
publication Of this document with regard to the
Treasury report little anxiety IL manifested q II
~ believed that Congress during the next session will
gsate against rapid contraction Of the currency, and
9t further limit the powers Of the Secretary Of the
%easury In this and other particulars. The currency
mould be reduced on retiring scale, beginning with
ebout twenty millions next year. and decreasing at
tho rate Of are millions year until II reaches I've
millions only. The National Currency act should Be 10
amended Il the time 70 provide for the subsu.
fion OF three hundred millions Of greenbacks for tho
lhree hundred millions OF national bank notes issued,
and the oanoslling Of equivalent amount Of bonds
deposited with the Treasury by the banks basis
OF circulation.
The fAot Of tomorrow being Thanksgiving day close
holiday had some snsct upon the stock market to-day
In dstsrring operators for . rise from buying and in
encouraging the bears TO put out fresh ssshorts,n
which they did freely, tho movement at one
time taking the form Of q raid notwithstand.
ing which IL closed With an improving tendency
IN the interval between this and Tuesday next
wu1aefn vwlltv nk>hk h.
In view Of monetary for long time to come there
b little doubt that the bulls will soon mako strong
efforts to retrieve their recent losses Money flowing
in from the West and other parts OF the interior
siderable amounts, and the market at this centre IL
easy Tho Chicago Tribune Of Monday after reporting
quiet money market says 'thsre active demand
for Eastern exchange; and as the amount making is
comparatively small, the market works very close com.
polling most OF the bankers to ship currency" Loans
to the Stock Exchange made freely six per cont
with few exceptions TO weak houses at seyen and
government colaterals at five, the supply being In ex
cess Of the demand. The discount limo Ia firm at 6a7
per cent for the best grade OF commercial paper.
At the open board at ten O'Clock the market dull
and barely steady. Erie sold ct Tx, Reading l11H,
Michigan Southern 71K ~ Northwestern An-pre.
fered n At the FIRST regular board steady the
decline Of last evening, but the speculative spirit
tame. Now York Central closed Y higher than at the
same time yesterday. Erie was IN lower, Hudson Y.
Reading q Michigan Central u, Michigan Southern ~,
Illinois Central u, Cleveland and Pttsburg u, Rock
Island ~, Northwestern k-preferred ~, Fort Wayne
TX, Ohio and Mississippi Certificates lK Quicksilver
AZ, Canton az, Cumberland I, Western Union Tele-
graph e. Pacific Mail sold at IT. and the stock very
firmly held In anticipation Of the company being greatly
benefited by It's line Of steamers from San Fran
CISCO 70 China and Japan, will in all probability
vsop large through tc between the Orient and our
Atlantic ssaboard thus acting feeder 10 the line
from San Francisco 70 New York Government securi-
Ties were dull and without buoyancy. Coupon nvc-
swsnsiss Of 1859 showed decline of u, Of 1885
=. Missouri skies V lower. At the one
O'Clock session the market was lower and
the volume Of transactions limited AT tho hapast two
board It without animation but steady the pre-
yious recession. New York Central closed than
~ the rst regular board Erie y, Reading u, Michigan
gouthern y, Illinois Central u, Cleveland and Toledo u,
Rock Island ". Northwestern l-proferrod y Fort
Wayne n. Western Union Telegraph y. Government
securities were neglected, but steady In tone Missouri
sxes showed decline Of ". At the three O'Clock
board there further weakening Of prices Erie
sold At 7o7I Tx, Reading 11lK y, New York Cent
ral 112K, Michigan Southern s0x u, Cleveland and
Pittsburg sSX 81 Cleveland and Toledo 1l3 u, Rock
Island 1885, Northwestern 42H-prsfcrrcd II u, Fort
Wayne lo4K r. Afterwards better feeling prevailed.
pua with improved demand for stocks prices advanced
Tho market quarter TO six closed steady at the sub
toined Quotasions:-New York Central 112{ ", Eric
Tx "a Il, Michigan Southern SIX y, Cleveland and
Pittsburg "a " Rock Island loa,< a u, Northwestern
ask x-preferrsd ny e. Fort Wayne loaA y
Compound interest notes quoted thus by the deal
su-Juns, 1894, l1e; July, ll5K; August, us; octo
bs ia; December lla May, 1895, lllK; August ITO;
September ITO; October. 1924.
The following statement gives tho prices Of the specu
ativs railway shares at intervals during the present
year.