The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-12-23
FINANCIAL AND COMMERCIAL.


The Taiway share market opened weak this morning
sud Ee scii a. low IS 66A in the owor hall OF the
Stock FseAansc, but at the early session Of the open
0agrs tcie was greater rmness displayed and partial
recovery of prices from tho extreme depression OF last
evsang took place. Nov York Central sold at 1Os Erie
CsS = X; Reading ioaA< ioSJs; Michigan Southern,
TeN; Cleveland and Pittsbarg, "a ss Cleveland ana
Toledo. la2f I:3il: Rock Island, 1ol,S l02l North.
western &sa ASH; DO. preferred, Tx a sS,{; Fort
1aynr, 1855.
A tie rs regular board the market continued to gain
Ia strength and there entire absence Of pressure
% ser while the bears manifested general disposition
70 s'cover" New York Central closed ~ iowar than
the time yesterday; Erie, "a. Michigan Central,
=, cleyeani and rtsburg, u; Cleveland and Toledo,
o. Rock hlard, y; Northwestern, az; do. preferred,
4. Fers wayne v; Alton and Terra Hautc, ri Ohio
ana Mississippi certificates, r.; Pacific Mail, Az Allan
To MaiL ~; CIion Navigation, IL; Quicksilver, i;
Hsrpofs preferred u; Western Union Telegraph, r.
Reading . higher; Illinois Central u. Government
securities were dun and heavy, Coupon nve.twenties
rf 1852 declined y, scyer thirty notes Of tho
sss scrsR " Al the O'Clock open board the market
wss arm and prices with two three exceptions were
higher New York Central sold al 1885, 1os< Erie, 6s
ses;l; Rcadinr. io3k x; Michigan Southern, sok
:. cleveland and rrt,sburg rs s5x Cleveland and To-
ieaO III l2a; Rock Island. io2ss ii Northwestern,
avskco and s. Paul preferred &C. Mariposa preferred.
r.. a. *; Union Navigation Company. los 1857;
Western Union Telegraph, AK. Afterwards there was
further 10 the temper Of tho market, and
s4csa s1vanced Michigan sou,horn selling up 70 Fix
but s,s IL the afternoon WHOM the street
suy by few struggling bcars tho ws.' ~
~ss scaairra Towards the elsSs ,o,rev.r there was
an upWs raa,.ios and At i s,r O'Clock the
market closed steady At ,uhiono1 o.o,a.,ons.-rrio
n
as. 4; Ecv y~s cea,rl, los a Ios.; Michigan
Southern VIZ 81; Reading los l0aa Northwestern
ess ~ preferred ~ 7os Illinois Central, 1i6s .
IH,frs Wayne IoiA los; Ohio and Mississippi csrti-
uo"'~ ass ~; Pacific Mail i60 los. The further
IN he latter due probably to sales arising from
Ts shrnkage Of the nsfglns upon which portion or
II was carried, the scrip dividend Of s. Is per cent
not yes having been paid. bat viii be paid the
I'd q January there Is prospect Of sase from this
source Il tia, time The impression tia. tho scrr
s wcassnng Tire stock Il 'he~ross erroneous alike with
the repor ~ an orposton lin
The mcUay market active a, per cent, owing
70 The arlifc Al referred 20 yesterday. II has
boon asccrianed bcyond doub, ihat the "hcar combl
nation now s>erssng the Stock EIcha1ge borrowsds
VERY large eneani az greenbacks and paid interest
the sa.ao without u-ng them In instances the
currency was wlghaawn from the ban1s and placed
under loci and key csaWhr.e and in others the hanks
lee, upoa gssrrhaexs = rpcn ordinary collserss.
with the understanding thai shsy were 70 b.
pEeed urdsr scas.ng va, OF, "a Other words, MOI
10 be use4 sumo sstiraale hs smoarf lbus tempered
with as vegy ara and u u known that corasn prom
haas cccrs 10 eollr lon Win the bears b
this ,ran aeton Witch y ousy sspeauoa u Whist has
occurred To say ina. sas eoafae = dscredais
~ saying lite On the pan u the hanks Il violation
u she ~ st II least % The Usa-y ls~g To lend LEGAL
tondsr currency irsai ,enss- cunsncy = mere 20
change ara 10 interest Ne &aad-i Coz snch loans
SO, Tia feature. 81 coarse hs affair the faet
usat posGfs art caxhl-rs q reriRs sH street banks
are 70 he aand vino hsss ii- rsgsl fcr theif own
rSroa "a tho credit - respective .nssi,r"ns
thai they 10 ma ~~uple 70 bird their infaenr
In Thu r,anlsr 10 Tie pforaosisa Of
sssr opera 10 n -tccsr. Notwithstanding al the
monetary strategy 70 Nhch 10 hs.rr hsvs rssored,
however Il u i.ey ths ia .. ne asseciassd
hanks a. ne Geek oEain: toGay wil b. : Favorable
one showing a. Increase legal leader note sEa de-
crease in s,ans; bu, owing e NE ass r-ssn
sbefs may h. sHght decrease deposiss Ths arain
souih ward i conilaces bs, ,hsa nsssrsized
by the receipts frosa the west yet - rssss are 20
isrs, extent In nsl0ns bank sges. mes % not eoaW
Ia tho bsrk statement Allowance mrs nsysstheies~
ne msde ,,r tina II nssn~shle thas sb-re rfst
sf appsr's coming bar for iosns Al ms
bank tho forrroon, md thai - two largo hovs
engaged al me messy rhieh ssr'an fisId'y hsn-s
hal ~ lead.
rns goia rssrxst forsinrss ks.vy, sihelEh slers .
IN scGlve s0graslsg demand ios cqn. sna As much -
SIS pes ceul -ss paid for Ih~ opening PRE- ~A@
iss,. followed ny decssns - icf, ara sshsrsueri
recovery 20 1885, x the clslEs qeois'!or The hsisf
in the roia -oo genera ,hs the rr~sssy has been
s-c,osly s.rg u ials ard the eircunst-nee % sna
sansocs attack rpon the stock marxs "a iossa spsn o
snspscans II 10 ngh uns. IN vse~ n ~ the ss'ia o.
,.nd lie present mode az con1aetls sAss Of covers
meat gold. tbs, Congress shoald i-ssats d@1nisR
upon the subject and clearly yrscify The ausir- 81
tue Secretary Of the Treasury this and every
other important particular conftescs In Tie ansacsi
stability Of the coaAiry would DO iaus RESTORES ssA
rumors dsragng 10 the Treasury s1uia ~ longer b.
cvcuIaird. The knowiedps that oas msa hAa the
vo~e 10 d~ranss the msnsy and sold markets. 81 any
limo and ,hersby producs panic 81 i-s sfcusss aprc
nerscn, ia times like thess What productive of
..rioas mischief In paraiyzng rsd. and nsnufscsufr
aud reducing the prbic revenue.
The steamer Arago toos Qua si4S.ooS IN specie, aai
the ocesa oueen IRON Aspin~sI, brought siisssJ M
"A asure Ths daily rsnse u the COLO market dsrss
,,,.~yeek - thus sto,a.-
- 80. e.t. BIGGEST iss>-
Monday .s.x ..........."".."." U.s. ~.