New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-11-08
SECOND BOARD


Gold opened at I4s sold down to 46i and closed at
1861 0l47. The Manhattan, from Vera Cruz brings
$76,9O2 in specie. ........
Government stocks are steady at yesterdays rates with
a moderate business. In State stocks little doing Mis-
sours were active and sold up to 90; Ohio and Mis-
sssipp Certificates stronger and sold at 81 cash
Bank shares firm. Cumberland Coal was very active
and sold ct the absurd price of70i Wkesbane Coal 1850
!; Quicksilver fell q. In Pacific Mail no change.
Atlantic Mail has lost its interest, and SOFA
at 1884 The general share list was irregular
and lower. with less disposition TO operate for an
advance At the Second Board the market was eyersh
and unsettled aud sellers in the majority AT the close
of business prices were lower and closed as follows
Ohio and Mississippi, 33ia331i Canton Company, 55a
ISL; Boston Water Power 32l; Cumberland Preferred
7O610i: Quicksilver, 81 Manposa, l3i a IA; Manposa
Preferred 30 a3Oi Western Union Telegraph, 5ll95ll
New-York Central 1894 9ll9i; Erie, s. 0s2fi Hudson
River, l24 1914; Reading, ll Sll6l Michigan Cen
tral Il5Gu6; Michigan southern, 9lt asa; Illinois
Central 1874; Cleveland and Pittsburgh S2l ag2I;
Cleveland and Toledo ll94 Sl19g Rock Island, llO0
IOl North Wcsern 81 asa North-WesterB Preferred
79I a7es; Fort Wayne, lOY 0l09.
Money is IN more demand and there is nothing TO be
lad under per cent The banks which have been
extending themselves for long time, have recently
adopted more conservative policy, and not moment
TOO SOON Since September j. they have lost ~ per cent
Of their legal tenders; the amount stands, $4@eOOO
November g. against 500 62 900 September j. The cir
ouson and loans are increased and they are IN anything
but comfortable condition far 20 borrowers Is
concerned The fact is prices Of commodities have out
grown thesuppy cf currency and the disposition and ability
Of banks 70 make advances The next step is liquidation
that most obnoxious proceeding 10 enterpnsng mer-
chants who oyer-ade upon borrowed money, and specu-
at0rs who are ready 10 buy anything Cd the market 80
that il can be brought within the range Of their capital
for margin for turn As there is good reason, or
any necessity for Congress coming 10 the relief Of specu-
aiors by creating more bank capital borrowers viii do
well to take IN sail and get themselves snug before values
are still further reduced by contraction Of currency and
reduction Of bank facilities takes place. Commercial
paper harder to sell and buyers able to make better
terms.
The business Of the sub-Treasuy was: Receipts,
s4529 1874 O7-for Customs, $4,000; Payments, $7l7
74O 90; Balance s7O,OOs7Ol 32Gold Notes, $4,000.
Freighs are very dun and rates nominal Wequote
To Liverpool per sail at Is 3D. for Flour I'd. for Wheat
sgd for Corn lbs Cd for Heavy Goods, and Cotton per
steamer at 3D. To London Flour Is. 3D. Wheat - sd,
Com SD, and heavy goods Us. Cd. pos.
large part Of the morning consumed in private
session by the stock brokers' the subject Of discussion be-
ing the commission sales Of specie which is now
cent and which proposed to change The vote was
I24 ayes to lO2 noes The affirmative being less than
two-thirds vote the motion was lost The penalty Tor
selling gold for any lower rate Of commission is suspension
for the rstfofense, and expulsion for the second.
Mining shares dull and lower The feature Of bust
ness at the Mining Board was break IN the sPeeula-
ton on Dovnievile Yesterday IL 900 shares were sold
&? s2a$a s. To-day the best bid for 1000 shares was
pc although after the Board sale Of 100 shares al 81 %
was reported Eoary all thegOid stocks srotnventions to
mine gold from the pockets Of operators and the less Pco
pie have to do with them the better.
The NeE-York exports exclusive Of specie compare as
f,iIoU Nth former returns: