The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-12-30
FINANCIAL AND COMMERCIAL.

r. tNANCtAl AND COMMkHGeAl.
sArusnAy, Dec. 9e-ek n
mere further improvsnsns b he tsns Of fed
ing in Wall street today ov.as IN sems degree to tho
Hrmness Of gold shs speculative decline having sp-
pareniy exhausted Itss and the returning abundance
Of money. Leans were made frssiy 70 the Stock Er.
change Al ssvsn pse can't with few exceptions u sx
on govsramsns securities II b roughly estimated that
the dividends and atsress IN this city the lss Of
January will sssrsgaas nftsen milona The drain Of
currency southwaFd hes almost ceased although during
tho past week there have bssn few considerable roui-
taaces 10 New Orleans which will prevent the receipts
from the West showing conspcuously in the next
bank statement Money In the Eastern cities
10 sSundank, and the Boston Travelley Of Thursday
sad:.'Aonsy sin full supply at Tie banks and in the
outside market borrowers In good standing able to
obtain, without much effort I'll the accommodation they
require At 10 per cent" The prospect favor asss
per out money market 1t this centre during january
Il 10 snderstood tha, the bears the Stock Exchange
who have bsen boarding and ypohecatng greenbacks
relaxed their grip upon them TO- day their object ing
besn probably accomplished, but the supply from this
soaros will mot toll upon me figures or tho present
weeks bank stacmonk There Is considerable spocula-
ton sdoa AZ TO what Congress Will do in the way Of
Anancia legislation and confidence in the stability Of
values being strengthened By the belief that the
rsncy will b. lsft undstusbsd. and that tho existing
powers Of the Secretary Of the Treasury will DO curtaed
and his duties strictly defined In every important
particular that sales or gold and manIpalatons
q he public debt and The money market VIII be guarded
,sgsaust -
AT the carly session Of the open board at ten o'clock
the market was steady. Erie sold at 6s,s; Michigan
Southern, sa,s; North western, 4ix-rrererred, 7sX;
gor Wayne ex dividend, 1917; Union Navigation
Company 1o7K At nrs, regular board large AMI
we'll distributed business transacici in railway
shares Tnc miscellaneous list was also active al
bao7an, Pacific Mail sdsagcel from 1873 to l07 on the
call Msrposa preferred hr.a at 3i,S 81 partly in
consequence report that the lssse OF tho estate hal
boon removed aud that the company had assumed tie
control OF the property Cumban Coal preferred
TO 90 under tho manipulation 81 tue Ssqu, owning tho
stock, and whose object Is 70 iorc, The low shorts
that are outstanding In IL 10 settemcn Al tho advance
and q, the same time saddle much rs possible upoa
Saside ouyers for rsc. As the common stock Of ts
company worthless and tho preferred little be ter
she puoiIc will be consulting its own Interest
by neither selling buying It; for in either case tho
Clique has the advantage the "hsads win sua tails
yeg ,s principle, G:ysro cent se4ur'sIe, firm,
bq dal Coupon skies 81 1851 closed :. higher than =.
the ssms time yesterday, nve.twentes OF 1884 ~ s,aS
OF 1895 a. seven-ihirty notes or tina second series st.
North Carclina State advanced l. New York Cen
traI closed y higher, Erie Is, Reading -, Michigan
Southern ~ Illinois Central II, Cleveland and Pitrburg
IS Cleveland and Toledo x, Northo estern 4, Fort
Wayne u, Toledo Wabash aad Western "a, onio and
aiscs,pp! certificates e, Canton ~, Cumberland "a.
wrsscu Union telegraph ~. Northwestern preferred
was u lower. Atlantic Natl u.
Al tho ono O'Clock open board the market shade
tower but steady In tone aud moderately large bus.
transacted At the following ssEr', 677s
~: Reading, 1853; Michigan southern, e2,; Tpledo,
WABASH aad Western. AK z; Cleveland aud pii..
burg ~ r. hJck Island, 1885,; Cloroand aud Toledo,
l2ati; Northwestern. a. H-prefcrred, 1917; Fort
Wayas 1864 q 107; Milwaukee aud st Paul, 5o-pte-
ferrea 20 Union Navigation, lo71as.; wes.ern Union
Telegraph, 40H Al
There . rather brisk demand during tho remain
der OF the afternooa FOR the ieaiing rail
way sbsrcs, and ha'r-pas. nye the mar.
kst steady at the following quostions:-
Now York Central, llo4 81; Enc, CTS Y; Reading
i05k u: Michigan Southern. san ~ Cleveland and
Pit.sburg COX OF; Northwestern ~ 45prcferrec
Tak X. Rock Island, lo31l y; Fort Wayne. ioS a
1861. Compound interest PES sefc quoted thus bS
the dealers. June, 1864 1895 AK July, 1855 q;
October, llts a y; Dscenbcr iiss q; May 1893,
Ii1.as, August, ITO IIoi. sep,cGaber, 1907. a =.
OCTOBER. 1904.
Tie gold market has shown increasing nrmnoss Tie
opening price va. 1888 followed by aivrnoe 20 1914
and rolapss to iss from which pom, recovered
1872 h--ths closing quotation. There active
borrowing demand for coin, and loans alter being made
withor, interest commanded high rat. towards tho
close ~ X per In favor or the lender The expert
OF specie by tn days aggregated $3.50 oco II
which the Deutchland took on. si95 900. aad the ~,
Laurent si.3 900; making for the week 81 0'i,leo
The daily range OF the market during the week ~
thus shown