The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-11-13

November 8............. $7el, 9Si asa 7423, $40
November TO-. .............. 77o,604.839 27,4D2t6
There was a limited Offering Of commercial paper, and
the bost grade in request ct 6K per cent, the
money market being and lenders anxious TO
And employment for their funds than At any time within
she past fortnight
Reverting 70 Tho Stock Exohanss, the sxsent
q the decline at and prior 70 the Arss
regular board win BE- seen BY The following
New York Central closed ~ lower than at tho same
si,ns Saturday. Eric g. Reading ~ Michigan South
en- IN, Illinois Central y, Cleveland and Pttsburg Y,
Cleveland and Toledo ~, Rock Island 4, Northwest
ssn 8k-prefered IN Fort Wayne u, Ohio and Mis-
sissippf certificates ~ Pacific Nail l, Canton AZ West
srn Union Telegraph h Atlantic Mail was higher
Government securities heavy and dull Coupon ave
swenties Of 1894 showed decline of ~ issue Of 1895 r.
ssn-fores seven-thirty notes Of the hrst series T.
A. the one O'Clock sessions the market Hrmer.
Erie sold at sax SIX, Northwestern oax
. h-disto preferred 77x . 7sX. AZ the half
past two board prices weakened on the call
AZ compared with the frst regular board
Erie closed Y higher, Illinois Central Y, Northwestern
preferred y, Fort Wayne y. Reading was lower,
Rock Island ~ Northwestern ~, Atlantic Man X,
Quicksilver X, Western Union Telegraph r. Govern.
ment securities neglected, but steady In tone.
Afsr the call prices experienced further decline and
~ Sss o'clock open board New York Central sold
u lilo u, Enc 81 asoH, Michigan Central nay, Mich
iGan eouthern ssx SEX, Illinois Central l2sk, Cieve
land and Ptssburg ssh sex, Cleveland and Toledo 1T
al17h, Rock Island l0sk 4, Northwestern b0k .
Hx-prefsred TN q y, Fort Wayne loo Ohio and
Mississippi certificates q, Cumberland e7H y, Quick
silver OK, Western Union Telegraph ga Toledo,
Wabash and Western 4e1. Compound Interest notes
were quoted thus by the dealers June, 1864,
III; July nov VI Ausg,t i1sk 10 oci"h"r ll4sl
us ifox liz. Nay 1l2k " August
no2 Ill, September 11ox . n, October 100 Y loeK.
subsequently there were symptoms OF the market having
touched bottom, and with the OF the tide came
rise in prices There accordingly rush 70 buy BY
those who had sold out at lower figures as we'll az BY -
bears TO cover shorts and At six o'clock the mvket
had closed strong at the following quotations Now
York Central nok u, Erie s2x a 4, Reading 1lSx
ITO, Michigan Southern seX 90, CieveaudAnd Pitts
burg so y, Rock Island losk Y, Srthwestern
'SaA a 5s-preferred 7sh x, Fort wayn< losHaA.
The entire course OF the market since friday morning
last shows u TO have been under the panpuaton OF the
leading ouls, who we're at once dSsrous OF increasing
the short in,eres, and sbapsng stocks out OF the
hands OF weak holders They have fully succeeded 10
attaining their object ard unusually sharp rally
swais tho Market especially for those stocks
whDh like Erie apd Northwestern, have suffered
the greatest depression The earnings Of the rail.
wals go ON increasing and the monetary situation
10 IA favorable as spcculators for rise could des,rc
Ts present decline, apart from the natural reaction
Which awaits it. has, by largely ausmentng tho .sbort,
iBeres materially strengthened the market for fresh
Upward movement and before the week closes higher
pces viii probably be reached than have been hereto.
bre during the month, the having far from culm,
naiod
The gold market has been rather fevcrish under the
hnmmerps Of tho bears, yet without material Hue,ua-
tons The opening price LA followed by advance
<.N n Gal IA
gradually TO l4s the closing price In the room, and
afterwards the street there transactions at l44h
There m active borrowing demand for gold, owing
Va the large " short interest which has been
Gently created, and loans wore made 81 a high
a rate 1.le per ccot per dem In favor Of the
lender. Int after delivery houn they we're made
ei,her fat ~ by paying = per cent ifor
tsrryrg II 10 semi officially announced that tho gov
eminent hs 20 Intention Of selling gold, and We men
ton this because Of the circulated .
20 the contrary eject during the morning After the
experience Of iasi May Mr. McCulloch would hardly be
suicidal enough % repeat the bunder Gold has now
touched point when . 10 likely 10 rally.
The foreisn exchange marke, was duh Bankers bills
On England sxiy days quoted tho cioes 100
sios% At three days. lo9,1 ITO; commercial bins los
alos% francs a sH,y days 6lf1 6Is at three dsyr,
oi2S ablsA bills On Berlin, Tx nv; ON Bremen,
7s% 7aK; on Frankfort, tlKansl: on Amstsvdam.
sok AZ; on Hamburg 500 aex; on Antwerp,
b1sk abl6.
Mining stocks continue weak, the Downleync ,rsos-
action having shaken confidence In them. Al tho ARA
hoard Ia Crosse Gold closed $50 lower than q, IN.
time on Saturday, selling at 81 as ophir Sc selling :,
30 ID 3ol AZ the second board corydou sold At As as
Sys Gold SIC, ophR % o. aol
Tho business transacted At the Sub Treasury IN th,s
City today was as follows
Receipts. .,... .s7s7s, 200 For customs . s4as ooo
Psymcnu..... btss,s2 Gold hotcs. ....... 22s COO
Baance. "a 1gs,H7