The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-11-28
FINANCIAL AND COMMERCIAL.

y uNrNSiAI AMI NOMWGNSsN@'
TUESDAY, Nov 27-sPM
The markst was Arm during tho early part Of
ne day and prices advanced. but Afterwards dispos
tion to realize shown BY the hui and some q the
bears who had covered their contracts began 20 put out
fssh limo Of shorts the result Of which was shown
in slight repression Of prices The tendency q the
latter D, however, upwsrd and although [" may axe
Tow DAYS 70 prepare tho market for strong movement
during which the course OF quotations may DO vscfi
istiag. the ultimate result seerns clear. The money
market i easy 1t six Per cent, with exceptions q i've
ana ssvsn. and owing to the reduced volume Of
busnessA thsre II . diminished demand for loans
from the stock Exchange The banks exhibit no I'M
willingness 70 lend freely satisfactory colatera and
a. the rstura dow from the West become9 more marked
.conGdsscsn future monetary increases. Owing
she dulness Of trade there Is only limited quantity OF
commercial paper offering for discount and those who
ysquirsd accommodation 70 enable them TO carry their
stocks Of merchandise stagnant and declining
kst have In nearly Ill already secured IT, The best
names nevertheless submit to psr cent discount
Al ne talk ofths bears tho Stock Exchange about
commercial troubles ahead. which inspyed BY spe
cuiave motives certain TO be dsprovsd by events.
'shs msrcansiie community being generally financially
stronger than usual sssei iaef sTsp 81 80 \
II undsssosd that shs Treasury has % draw
upon ts country deposares Tor tho reason that has
little Or nothing moro 70 draw; but the manner in
which IL recent drafts were made was Disturbing % the
money market and proved 10 be Of great Advantage to
che bsan on the Stock Exchange This should not
have been the case and hence shall upon Con-
gr the nscessty or obviating any danger from this
source the future BY defining the duties Of the secre
cary OF the Treasury both in this and other respects
Eshse 4 limit may, b imposed TO the oneman-
power over Z the money and stock markets.
Had It not been for these untimely drafts upon
che country banks the boarding Of grsenbacks by the
bears hcre and the machlnsons Of bank officers inter.
estod in favor or fall In stocks would have been with
out material esct but the Influences combined
suAicent 70 create panic.srt .. s.G 7ai4s as4th
Al the ton o'clock open board the market was 6rm
Erie sold at 731S y, Michigan Southern So ~, North.
western AK AK, Fort Wayne 10ox NJ Atthe first
regular board prices were generally IA ~ per cent
higher and there well distributed although only
moderate business transacted New York Central closed
~ higher than At the time yesterday Reading n,
Michigan southern Illinois Central r. Cleveland and
Pttsburg u, Cleveland and Toledo "a Rock Island II.
Northwestern 2N-preferrcd ~ Fort Wayne ~, To
isdo, wabash and Western 1k Alton and, Terre Hautc
preferred q Ohio and Mississippi certificates y, Quick
silver 81. Canton Il, Western Union Telegraph ~.
Government securities hrn Coupon fvc-twentes
Of 1862 showed advance Of "; new issue Of 1896, Vi
soven-thirty notes OF the seconi AMI third
"a tennessee
one O'CLOCK sessions market fraction lower but
steady AT the hals,past two board however, Il
was heavy the speculative temper. always tmid after
shsek like that just experienced having been somewhat
dAsnpsned by surmiscs and rumors rcspecting Mexico
the Alabama claim question: and the reason
reported but doubtful telegram Of ve thousand words
from this government 70 one OF It's foreign
inissess New York Central closed * higher Than at
tbs asas irgain board Hudson River ~ Illinois Central
\, Cisycland and Toledo u, Western Union Telegraph
~ Erie X lower, Reading Ia, Cleveland and Pitts
burg x. Rock Island n, Northwestern ", Fort Wayne
y, Quicksilver X, Canton u, Cumberland Il; Gov
ssnasss sseuri.iss were steady Coupon hyetwenties
Of is0s were u highes. At the three o'clock
epsa board shsrs was sode pressure 70 realize,
and the bssrs Ppos out frcsh shorts. 7 New
York Central soldIas ia Erie 72kaaah, Reading
lisk. Michigan Southern s2k X, Illinois Central No.
cleveland and Pksburg sSx ", Cleveland and Toledo
lllk, Rock Island 104,I X, Northwestern A-pre-s
fsrrsd S2sf x, Fort wayne 1oSyf@a ioS, Mil
wakes and ST. Paul SEX, Quicksilver 4e4, West
sm Union Telegraph AK. Z Subsequently bet
or fsslisg prevailed and pnoes sdvanesd but before
the cioss Of business there was partial rclapse,
end halfsa ave the market closed steady at the fol-
Iswtag qoost,ons Nov York Central iissx y, Erie
Tx ara HUDSON 12l 10, Reading ll2N . X, Mchi-
eaa sesthssa say v, Cleveland and Pttsburs 50 x,
Cleveland ana To,tso ilsx 20 Rock Island les,S ~
Ncsshwes,ssn llx 4 n preferred M For Wayne
10, Ohio and hiaaasaippi csrsincasss 20. Compound
nssrss notes were qus<sd - under June, 1884 l,s
yuly, lisK; August. li2x; October nag December
iIsx; Nay, isss. ms; August uos; september no
OssSbss. loeH. f% .ftofekv n 1879
rhsgs1 usrkss sxpestsueed . sudden upward turn,
which vas mainly attributed to the rnots already
fssvvd 70 Ansr opening al l>oK n rose steadily 70
lAsx, and then = steadily declined % 1924 = four
O'CLOCK The closing qucsnton shs street was. bow
ever lower-samely lslk LA. Loans were generally
made without interest and some instances as pcs
osnt vas paid for carrying Two minor failures we're
ported IN the DON. -. ss.4 4Asa
Tue forvisn exchange market Is hrm but quet Bank.
srs blls England sixty days wefc quoted al the
shs close II l00k " at three days 1905 x. francs
q SIXTY days ATTY 5.isI, at three days 5.lajs .
kllL bills on Berlin. TAN TAX; on Bremen. 7sa<
TO- on Frankfort, Alss Vi on Amsterdam, Al All !,
on Hamburg ss,1 a6,s; 90 Antwerp. s17k 1910
American securities and consols wsre quoted ~ under
IN Loodou on the dates men,ioncd:--