The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-12-02
FINANCIAL AND COMMERCIAL,

SATURDAY Dea l-9P
The cook market has been duh to-day. - usual on
saturday but there further disposition shown on
tho Of the bears hammer IT, and the bulls were con-
tent 10 let Il alone. which railway shares
exhibited an improving tendency There indications
that the Presidents Message and the Treasury
report are published an active speculation will set in
which will be likely to continue for considerable length
OF time The money market is easy and Is likely to
main 90 for several months TO come. The return flow
OF currency the West has set in strongly and tho
Treasury has ceased draw upon its country deposi-
taries Chicago journal OF Thursday. after reporting
very light demand for money said;sTho scarcity Of
Eastern exchange stlll continues and the banks
daily expressing currency TO keep up their balances"
Loans made freely to-day by the banks other
lenders per cent and there were exceptions at Ave
on government securilies The bank statement TO be
published on Monday will doubtless be favorable,
although II may show further decrease. loss than
million, however, in legal tender notes. Tho de-
posits and the loans have probably decreased
to nearly equal extent. perhaps Ave mil
lions each. and tho specie may have been
reduced by half million. But the decrease in the la
buities Of the banks will be much larger than the
decrease In legal tender notes that they cannot but
occupy stronger position Tho date OF the last
statement and the effect will DO encouraging TO the
spscuIators for rise on tho stock Exchange.
At tho open board, at ton o'clock, the market was
firm but duH and Erie sold at tx. Michigan Southern
s1k u, Northwestern AK H-ditto preferred
Tx, Reading 112 4. At the first regular board
there . dull, steady tone 10 speculation, and
owing entire absence pressure TO SELL there
only light volume OF business transacted. Erie closed
u higher than the time yesterday, Reading Il,
Michigan Southern r. Northwestern u, Fort Wayne
u. Quicksilver u. New York Central was y lower,
Northwestern preferred q, Ohio and Mississippi
tiacates u. Government securities steady in tone
Coupon nye-twenties Of 1852 showed decline OF the
issue OF 1855 4 lower; issue or 1885, yclept
candy Johnfons" because they bear the portrait OF
tho President Il seven-thirty notes OF the second
series u North Carolina skies were u lower
AT the ono O'Clock board the market fraction
lower and business continued duh, neither bulls
bears caring operate any extent Erie sold
at II yl1s Reading 1l1K u, Michigan Southern sl1s.
Cleveland and Pittsburg S4% d. 81, Rock Island 1884,
Northwestern a 44l-do. preferred Tx, Fort Wayne
l05 Ohio aud Mississippi certificates 29N, Cumberland
80 a 69k, Quicksilver AN Western Union Telegraph
a6X ID. 81, Atlantic Mall 1903. subsequently more
buoyant feeling prevailed and prices advanced the
Northwestern shares being tho strongest while the pr
ferod stock quoted ex-divdend.
At half past i've the closed firm at the follow
Ing quotations: New York Central 111T liz, Erie
7i7s u, Reading 1l2a u, MICHIGAN Southern SIX ",
Cleveland and Pittsburg $50 y, Rock Island lo4 n,
Northwestern 4535 Ado. preferred Cs1< ~ ex divi-
dend: For. Wayne lo5 u. Ohio and Mississippi ceih-
Gates 29l4, Western Union Telegraph 46k az. Com.
pound interest quoted thus--June 1884 i18;
July 1i5K, August 1i5, October la, December 1i3;
May. 1865 1llX; August l1oK, September lilo, Octo-
Der 1O9I.
The gold market continues firm and tho supply OF coin
FOR delivery is equal to the borrowing demand Loans
wore made on terms ranging from 1-e4 per cont per
diem favor OF the lender to per ccpt In favor Of
tbe borrower The opening price 14lh, followed by
advance TO 14ls. and subsequent docno to I4O7s.
There afterwards reaction TO 141,S-he closing
price at four o'clock The daily range OF tho marke,