The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1866-11-19
COMMERCIAL RECORD.
Monetary Affairs.
NEW YORK, November II,

NEW AtUNSAoNA 49,
The Commercials money article says
There is a general putting up of out.
standing loans at one per cent, and
some of the banks ask seven per cent. Oh
new transactions, that and 3 per cent
being the exceptional rates, while Q pei
cent. is the prevailing quotation. There
is good deal of uneasiness In the loan
market, the natural consequence OF a
combination of circumstances tending
to unsettle confidence, such as decline
in stocks averaging at II per cent, a
collapse of the imitation in provisions,
dry goods, and other merchandise
among manufacturers occasional failures
and the postponement of debts by mer-
chants in the interior.
Discounts are dull, there is large sup
ply of paper but bills are at the highest
credit and find free currency. Rates on
prime names range at 3 per cent, with
less doing at the lower rates. The stock
market this morning exhibited de-
preston hardening closely on pane
at back Boards; there was a rush to sell
with but few buyers beyond those who
had short contracts to fill ut regular
Boards. Sales were very large on all
leading roads, and the fall ranged from
! to per cent. After the Board there
was rather better feeling. Govern
ments lare heavy and sympathize WITH
the decline. In other securities, old
5-20s fell per cent, owing to the furth
or fall in gold, without a corresponding
advance in bonds. At the London
Western Union stocks fell heavily upon
an understanding that the company Is
likely to pass its dividends. Gold con
Times weak.
Rumors are persistently circulated
that the Treasury is selling gold, the
indirect official denials to the contrary
notwithstanding. The truth how
ever appears to be that the one II
willing to load up with gold in expec'
tation of the favorable exhibit OF the
public promises to be made at the open
ing of Congress and the possible recon-
incubation in Mr.. McCulloch's recent
report of a policy looking to the re-
sumption of specie payment at no very
remote period.
The monetary market remains easy
and the supply is abundant; stock bro
kers find no difficulty in getting accom-
modated at 5 per cent on good collater
al, but weak parties have to pay b pei
cent. There is strong effort on TIT
part of some bank officers, who are
scarce of stocks, to put the rate up TO
per cent, but this effort has been unsuc
cessful. Discounts are generally dull
and there is still close scrutiny OF com
mercial paper prime names pass at 6a
7 per cent, but there is very little paper
that will pass current at the lowel
rate. The gold market closed up quiet
ly at 14lsal4li, cash. Gold has beer
loaning fat to-day. There was furtn
or decline in government securities THU
afternoon, as will be seen by the clos
ing quOtion below.
HRegistered 12la1 -; coupons, 1851
i l2fal Is; 5:2Os, registered '62, o6a
o.; do. coupons '62, 0Sial 0es; do. "a
l OGs; do. 'G5, O6ta1 UGi; do. '65, Janua'
~ and July, 0S!al Osf; lO:4Os De
cember, GOAL OOH; August, 7:3Os, l Ut
al O6t; June, do. 05ial O5i, July, do.
| O51al 05t; June compound, IA, l5i
| 66; July, do. 14tal l6!; August, l4i
al Is; October, do. 134al Ia; Decem
Der, do. 1 a3fal IA; May, do. '65. l lila
III.
The stock market continued to inn
prove to the close and left off firm. The
following were the closing prices at
4:30 p. NJ: Ohio and Mississippi ccrtlli-
Gates, 29sa30; Canton 5Ua5l; Boston, w.
P, 81; Cumberland 6Sa69!; QUICKSILVER
4Saist; Mariposa 13al35; do. preferred
2jta26; New York Central l O9al O9t;
Erie 77fa773; Reading l TT; Michigan
Southern S2sa52i; Pittsburgh eiia6is;
North western 81.