The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-11-20

Of Sass l2s0o2 Tho Legal reserve Of twenty-five per
cant upon this would 70 about sos ISL 900 only
thus appears that the Of the banks at tho end
OF the week s1s 80 ass In excess OF the
quirsd by law. The toss Of the present previous
statements stand ~ under
Specie. ................... Al4539l 15,51l,l24 |
S sSssss a sSssssss Il s sss Ss
Legal Tenders. ........,.. T1sl2495 90, 40, ssl
Tho clsarings and balances for zach week were:--
1at November TO- November IT. |
Balances. .................. 27,4s267s a5'si7492
The banks 1t can be thus seen, In perfectly easy
condition and the confidence generally expressed in beth
che present and future Of monetary affairs by bank
managers goes confirm it. To-day all but two three
Shear exceptions have been free lenders to the stock
houses at Ave per cent? but the bear banks asked six
and in some cases paid that rate An effort was
made late in the afternoon to create impression that
Che market was active at six per cent but it proved
abortive
the ten o'clock open board the market quiet at
fractional decline in some instances from the closing
prices Of Saturday but settled feeling prevailed
Al the rst regular board 1t dull at the commences
Of the CALL but gradually became active and strong
the figures OF the bank statement became known.
The volume OF business was large and with the excep-
tion OF New York Central all the other active railway
shares showed sharp recovery from the quota
tions current at the same time on Saturday
Erie and Northwestern were the most = buoy
ant under a heavy demand from buyers for
Fise The report OF the earnings Of the Northwestern
road forthe first weeks Of November tended to slim
ulate the recovery OF both the common and the pre-
fered stock These aggregated $49S against 1921 COZ
for the same time in 1895, showing an increase OF
SOL 15S for the fortnight Eric closed at IN higher
than Saturdays nrst board Hudson ~, Reading ~,
Aichigal Southern IN, Michigan Central u, Illinois
Central u. Cleveland and Pittsburg l, Cleveland and
Toledo !, Rock Island ~ Northwestern 2A-preferred
AZ, Fort Wayne e, Toledo, Wabash and Western IN,
Chicago and Alton ~ Ohio and Mississippi certificates u.
Atlantic Mail Quicksilver y, Western Union Telegraph
*. Now YORK Central was 2k lower, Alton and Terra
Hauts " Canton 1K Government securities were
rather heavy but showed somewhat increased activity.
Coupon SKIES Of 1881 closed lower, nvs-twsn,iss
Of 1889 u, Issue Of 1894 X, issue Of
1885, scvenhiry notes Of the FIRST series y. second
series After the call there increased animation,
and a. tbs O'Clock board Erie sold at 7sk, Michigan
Southern s4,S Northwestern 62S-ditto preferred 1874
Al the hsfpssa two board there further advance
and distributed demand for all the leading stocks,
and Eric soId al 7ex. New York Central closed ~
higher than Il the nrst regular board, Erie lX-pre
serred i-Hudson y, Reading ~, Michigan Central y,
Michigan Southern TX, Illinois Central l, Cleveland and
a.
Northwestern k-prefered TX, Fort Wayne IL.
Toledo Wabash and Western o Ohio and Mississippi Ger.
sincaiss 4. Quicksilver X. Canton y, Western Onion
telegraph The latter company 10 reported 70 have
declared aha yearly dividend Of two per cent Sat-
urday. Government securities were nrmer Coupon
ove-twsnuss Of 1852 and 1884 advanced "; Issue Of
lso5 y.
Al the open board at half.past three prices were
shade lower. but the market steady in tone Ohio
and Mississippi &rncates sold at ook, Quicksilver 81,
western Union Telegraph AK 4s. Atlantic Mail ITO,
Erie 75x 70, Reading li4k, Michigan southern
ssk y, Northwestern S2k-preferred 7ak, Fort
Wayne l0TK * Afterwards there was good de-
mand for stocks up to the close OF business and especial
~ for Erie Northwestern and Michigan southern. Al
half past the market nrm at the following quo
talions Ohio and Mississippi certificates 20 r. Erie
7sx a ". Reading lNx . u, Michigan southern
535. "a Cleveland and Pttsburg sek H Rock Island
s0sH Y, Northwestern san k-prsfsusd TAX . -,
Fort Wayne io7 Y, Quicksilver oak.
rms stock market having turned for another strong
upward movement and continuance Of monetary ease
being assumed the correctness Of our predictions Of last
week is thus far verified We have just passed through
Q sudden diversion OF bull market, and prices
likely TO 20 ali the higher consequence the
1shor interest which has been created having greatly
strcngthsnsd IT, while the decline has afforded fresh
basis for rise The railway earnings steadily the
lnceass and the proportion OF net to earnings
likewise increasing, especially on the main central Inca
Tb chief Of the market Is at present conferred In
Eric, which leading the advance.
The gold market was vigorously hammered by the
bears early the day, and AFTER opening At lsi declined
70 100 From this point, however 1t gradually Cd
~anced 1 again, following which reapsed 70 lsok
~ three O'Clock Il then became nrmsr In tone and,
although halfpast three quoted At 1908 in the
tt~ran nth
~i.s unable 70 say were reported To have been
afterwards made the s,ress high l4ik. There
a. every likelihood Of the market rcaetng sharply after
this sudden and undue depression the particularly
a. alike 9TH the stock MARKET II Is largely oversold
The supply Of coin s continues equal 10 the borrowing
demsni and loans generally made without interest,"
or ., "a per per diem In favor Of tho lender.
The fo~ign exchange market Is dull, and bills
rather Of sale Bankers bills England sixty
days ~ere quoted 81 the Close 81 1osk log; three
days Io,. 10; commercial bills, les iosH; francs
o. sixty days. alos a sisx; At three days, 6I2k
sIs bills on Bsnn 7lH AJAX; on Bremen, TsH Ak;
on frankfort, AK ak; on Amsterdam, sox az,
on Hamburg 3sX q ssss on Antwerp. 6a3k a5lsk
Mining stocks are somewhat frmer corydon being
Che strongest Of tho Colorado gold shares Al the nrst
board Nye Gold closed higher than Al the time
On saturday, selling At 80. Corydon closed steady Al
Is 90 Lacrosse Gold 81 90 Al the second board Cory.
don closed 100 higher than al tho 1rsi board selling
at Is 70 Lacrosse Gold Sc lower selling at 81 "a
Davidson Copper sold 81 TO- Smith Parmaes - 20
-, Quartz Hill IS TO-
The business transacted al the sub-rrsssury In this
CITY today vas as follows
Receipts. eT,31As02
Payments. .......... OBSERVATION-DISCLOSURES. T,67T07e
balance. ......... 90 005 T53
For Customs. OBSERVATION-DISCLOSURES. $4,000
pv'1 ..............s.ss.s.s.s. >siO~
The people OF Texas, through the state Legislature,
nave recently taken important action respecting their
agricultural and commercial interests II proposed 70