New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-11-22


were lower and no large amounts could lave been sold
except ct heavy decline North Western Preferred fea
TO 49, In face of scrip dividend Of per cent declared
this forenoon The common stock steadily taken BY
strong parties throughout the day United States Ga q
1881 fell Il 6 Of 1855 issue, t. lOOs and 1869
! per cent Ohio and Mississippi Certificates fell -
Quicksilver J; Atlantic Mail, 81 Pacific, b New-Yors
Central, n; Erie, u; Reading, l. Michigan Central.
III do. Southern, !. Illinois Central l. Northwestern.
!; do Preferred, l. Cleveland aud Toledo, lsi Rock
Island L. Fort Wayne, l. Alton and Teue Hauts, "a
Late the day prices lover and the market unset
tied The closing quotations were: Eev-York Centrs.
1893 1881! Erie 76i a76i Reading, ll2Iell2a; Mich
gan Southern 81 0ss Cleveland and Pittsburgh, s3s
s. Rock Island, 1904 a 1884, Northwestern, OisOs
do Preferred tn s72l: Fort Wayne, 1856
Money has been in active demand a. per cent on cali.
and in some cases little has been made by lenders
indirectly. The demand FOR currency continues, ard
among the buyers the Treasury Department is not tbs
least The National banks have been closely drawn upost
20 strengthen the Department at points where Pastdus
temporary loans remain unpaid. This resource Is noe
equal 10 the demands upon the Treasury, and gold hAs
been sold to moderate extent to buy currency" ana
par the pasus dobt Il evident that the Treasury hss
reached the point where it cannot como to the
rescue Of any class Of borrowers II is in position to
meet all its obligation promptly and to steadily reduce the
volume of the National debt but that is al Il has
ceased 10 manufacture for itself for the National banks
anything IN the form Of currency and Is now aoonng In
direction which converts legal terder and short debt call
ing for legal tender maturity, into long funded debt.
which employs money. From this time the Treasury VIII
press with heavy hand upon ell forms Of Industry IN tha
shape Of taxes or forced loans as they may with great
propristy be called These forced loans, to be sure.
90 10 reduce the National debt and to pay the
interest upon it, but they burden upon
I'll ard malta how MAIN
tain the honor Of the nation, are no less BURDEN
As these taxes are paid in legal tenders; which can ana
viii be destoyed steadily the market price Of all the
property Of taxpayers viii convince them that nethss
public or private debts blessing The sooner traders
upon borrowed capital realize that the Treasury steadily
reducing the legal tenders upon which commodities nov
rest SO nsecurey and shape their business accordingly thu
safer they will be- The best purchase at the present time
is money Commercial bills sell at per cent with en-
captions per cent Loag PsPers not wanted at hsh
rates.
The suspension Of TIE firm Of suckle, Becker & Co.
is announced Ths house reported to have been largely
"long" In gold ard fancy stocks.
The coal shipped By the Pennsylvans Coal Company
was;
1866 $50 tans 1865. .f'9 80 tens Dec ~ 81 tuns
Bills 80 DAYS Oh London are quoted at lO5alOSt fog
commercial 1927 olO9 for bsnksr'; do at short sisht
1921 aIOsi; Paris at 60 days 523i s56i do. at shors
sight 5Ei a5l3i; Antwerp, 523l aalsii Swiss a2sas
5Is, Hamb1:g 36t a3si; Amsterdam, 40i s4lti Frank
fort, AenI Brcmen, 7sie7sii PrasssE thalers' 7iis
72i. \
The business at the snb-IrsasnY was; Receiptsf
tL496,6g 49, for Customs, t1l,OOOi Payments, $780,
395 OIL Balance 800 s5,4lo s9-God notes, $4,000
A Washington letter says:
The financial paragraphs Of tie message viii be Of In
teest public than al the rest Of the document
II was modify views % the President on the Nsionss
House And those interested in ths issue o. more paper money
are now besegng tse President company with the ofcern
o. the National banks In tie hope Tat hs may i1duee Inn %
become a convert their views Bhixi he amnesty and suf-
The Directors OF the Chicago and NorthW esen Rail-
road have declared dividend Of cent free Of Gov
eminent tar, il scrip the Preferred Stock; cana
will be paid in stock ald the balance in cash, at the mar
ks, prco of the stock on dates Of payment
The Chicago TribBse Of Monday says:
The OpHg and unsettled condition Q; 2. PrGGdoc. ms.
stability o. present prices and tie sost onIlcno0
is reached have elected no little talk financial and
tile and created res anxiety for the future The wess
SLOWLY accommodating and Of fresh paper Pesentsd
for discount exceedingly hght The market Is extremely
esyhsi easy for those who don't want aeconmodanSa
and those who do There moderate inquiry tos
oans on produce account O1 u g b b. s a nS, maj
disposed to enlarge their discount hines IN TINS ana
Margins are insisted on than formerly There is change in
re bank rate and uneIceptona paper readily passed
III
stsd AZ 10 per cent and less acceptable signatures 5ale per
cent q trade still continues 20 favor NeY Yorf.
exchange market Is close This is owing 10 the light
shipments Of produce and viii no doubt contnno
until the pork crop fairly begins to move
The Cincinnati Commercial says
There Is as close money marke, and borrowers wh~
hsve stand extra heavy rates OF inter-
This business devoid OF animats1,
is not satisfactory condition Of things To nconsidsrs
bic demand for loans merely represents an exenso
OF credit that promises to have no immediate end since Se
South that be realized Large quantities OF goods
have into consumers hands th9
faith crops that likely not 70 be paid eH
until another season nav afford better yield Of spln
debt stands and the banks are kep4
sustaining merchants who have the promises 20
nothing show FOR them The movement OF ths
will afford the country some relief but oy no means
fu and those persons meanwhile who in their competitors
goods have granted credits loosely VII have TO sanes
for their want OF prudence
II reported that the party in NevYork Central rep
resentng opposed the present direction, have
been selling their stock since the closing Of the books an6
are keyto be eheckmatd their stock has been quietly
picked up BY the Vanderbilt party and that the bOOls
viii be opened pror the election and the proxies killed
These reports are ndutrousy circulated to be true.
but have probably checked temporarily the downward te2-
dency Of the stock.
The following shows the exports exclusive Of species
from Nev-York to foreign ports for tie week ending Now
90 and since the beginning OF the year
For the week ~ SSSsia s4I5B5 AnsIsop
Previously reported. ls7, 1901 I%55N,&2 l723lI%&
Since Jan tsl rs 462 N5Isi2sse N6s $500
FIRST MORTGAGE BoYDS OF THB CENTRAL PAclUO
paupoAn N on CATrpoEnTA