New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-11-23

Tnlk.nAr. WOW. -. NJ

TnyE,u,Y, Nov. 92-r. ~
Gold Is again lower and closes 1875 after selling at
49,.
The stock market opened weak and lower prices we've
mado upon the whole list. z. : Us Of 1861 fell Z; old
52os do, issue, I, and lOlos ]; 7.3os fen
J. luState bonds and Railway mortgages little done
Bank shares firm. Ia the speculative share list there
panicky feeling. Erie sold at 7li 7Ol 80, and 70
within two hours aul half, and closed finally at 72
Canton fell 81 Delaware and Hudson, p; Cumberland, T.
Western Union. -, Quicksilver, y; Pacihc Mail D.;
New-York Central Is; Erie, q; do. Preferred, Ii
Reading, Isl Michigan Central, Is DO South
en. .; Cleveland ana Pittsburgh =, Northwestern ST.
90 Preferred 81 Cleveland and Toledo, "a; Rock Island
4; Toledo and Waba q, 81 Fort Wayne, A and Mi.wau-
kcc and ST. Paul. s. The chief purchases are to cover short
contracts and buyos appeared either for Investment or
rs s;ecultt1 for au advance. TIE street is cammed
viii uuproductye Railway shares attracted thitcr blythe
enormous spccuaoHs Of the past i've years. and torwhich
there investment demand a. anything Ike quota
ioHs. As long as paper money was manufactured and
irolcemabe, prices naturally ro-e under the stimulus Of
cheap money ana pcc1ll0n Until they touched points
whore the bodies, bul - paused and attempted TO
realize with gla' result IN. official lists slow 10 Detail
Ihc doauaard u' ,s arrested il VIII denoted partially
bn the 9irt OF speculation bee received shock the uil
effects OF which cmliu TO De- seen. The market has now
20 b. rallied ia the &C.. Of dca. money! and glowing ls
trust Boa commercial ,irccs. Trade j. aEaau iE a lir.c-
lions failures ben TO be announced under ci-crm-
stances which ioresha4or much trouble. Five years @.
speel .us upon ro money issued nudo ' Of
hc Rebellion have 'auccI prices % points who're having
exhausted the supply or money. the bubble bursts.
After he present sclal is o7cr and values
are rotacld 20 de compass of t1e remaining
money prices 30 rly TO poe succeeded by another i-.L
and another rclcHoa, until they Eeae4 yaiaes based
UPON the clra.it- GO roads 10 earn dividends AZ the
Second Board second ana third -c-cs OF ..3os ft l. Ohio
Certificates rose ]. Cmn1clmi !, Weston Union !, Pa
oiic Man fen 3. and Reading q Michigan Genital rose Z,
and SoaJhcm fli g. Illinois Central TO- and Eoel ISL
aud1 80 the close the market unsettled. North
Western Common was strong and Fort Wuyue and Ailch-
gau Southern In demand. The closing quotations were:
NeV-Tork Central. lo,l lOs; Erie "a d.-5 Reading,
L0l M Michigan southern, 79i CO.; Cleveland aud
piiisUur.h, S2dSH; Rock Island. 49, ol6j}; North
Western, az ;3,; DO Preferred Q6yl' foFt Wayne
IOll slr2.
Money has been in sharp demand az per cent on CALL
with extra interest in the form Of gold interest and
commissions Loans disturbed IN oil directions, ana
al the close of business hours many accounts were not
made up In commercial paper little done, and no market
except for "frc-proofr The reports from ell de-
partment Of business unsatisfactory and failures and
extensions are frequent Rumors Of loss 70 Wallis.
bank by certifying dealers check current ~ the
morning but the affair Wos arranged Il is secret that
banks though strong in illegal enoe- reserve have
very little currency and there where currency
has been bought under circumstances not favorable 10 the
soyency of the institution
Exchange is nominal: London, 60 days, 1851 lO8s
do. sight, 1872, do. commercial, lOl lOsii Pans,
long 5Is2 COLI. do short 5I5i Antwerp, 800; Swiss,
$50: Hamburg. 81! 536I Frankfort, HqHl Am
ster,ssn. II alII; Bremen 7sl u.s. Berlin, s2a72&.
Freights are steady. The engagements to Liverpool
1900 bush. Wheat az Id and 1000 boxes Cheese at
Dos. and per steamer, 5000 BUSH Wheat at sd ana
10000 bush Barley, Of 5id.
The business Of the SubTreasury, Receipts S50
3sl 77-for Customs $25i,OOO; Payments $2O2Os0 30;
Balance siO06Ol 9Si Sl-Gold Notes $4,000.
The annual election Of the Pacific Mail Company re-
suited in the selection Of the old Board Of Directors for
the ensuing wear by Of l36S out Of shares
namely: Allen McLane Howard Potter, Francis Skiddy,
Charles Augustus Davis, William Dennstoun, Leonard
W. Jerome Elisha Riggs, Moses H. Gnnnell and Cor
nelus h. Garrison.
TIE Chicago Tribune Of Tuesday says;
There were no new features notice in the condition
o. sr yb5 n little more activity in some circles than
on saturday There we change discount The
exchange market ensb easier to-day with sales between
shipping currency Fhcre was no change atespar
buying and 40 premium selling Buffalo and Oswego bills
taken at discount
The Cincinnati Commercial Of Tuesday afternoon says
Exchange has been msr Wednesday and to-day
the dealers ready buyer al c per 1000 Of The de
inand has continued large while the receipts have been on
lighter scale well o. OF prudence OF the
demand loans bankers have been pursuing
close policy regard 20 dseountng II Is supposed too that
they have had shorter supplies Of currency % work on though
The regular OF business except
ing Government has drawn from its depOs
easily apVarcnt unless II has been, through
various channels working its way 70 the stoosPecuang
Aresa 81 York pinch has been brought about with no
corresponding activity business and That when the
srcgatc volume u currency ahoat Is enormously
paper worth per very good
pC and sales ~ paper the opon market have
made al the Nay from 10 TO - per cent per
NELL Bros. d Co. estimated tho Cotton crop OF 1856
and 1867 at 2,0JO,OO or 100000 bales. They say:
This range nav De considered rather wide but by
The estimate Tor each district IL will BE- seen
chat Il wOd be- rather psnmpuOns 70 make
pclry she Southern States under tie influence
the fine weather Cotton bOis continuing open
90 %. Ipeel