The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-11-11

=
M sstst ~ "a nsnsy panic, sowsvs ssS g =
s~.in: ana shsrs \ sos che drssA a asngsss nsesy
usrsss uov which shsrs vs thss. ne cesasa 0sp
vim IA s True rsqsirs considsrahas anesns q car
r.ucv "a move IL; bot the NV Price a
A.. ,,.n,s viii make &c much smaller than
4, vonld osherwise have been aEd money lsadsn
,c,p.ssd no marked monetary activity from tAs seusos.
So Ear Is the supply Of mousy b eoassrnsd thsrsfors
the balls IN STOCKS itsls V eiscturags them bus
the absence outside support aehiAng feature Of the
stock markss which them - rely spoa The street.
Tns latter sometimes eQsai TO say SmsRency for Il
Includes vast army OF broksm professional spec ua-
tors and capitalists who are sisays ready 70 speculate
in whichever direction the market tending and Wall
stree, rise may tAke place without the aid Of the out
side public, and for that matter. without regard to
real values; bus for some months past the earn
ngs OF the leadiag railways have been large,
and these have exsrtsd coasdehls influence in keeping
prices up 70 their present point 30 far the bulls have
substantial argument in their favor The market closed
dull and steady ON Saturday aInths subjoned quota
sions:-Nsv York Central. lily 1llx; Erie, 72k .
723s; Reading, as,s %; Michigan Southern, 7sh .
ssh; Cleveland and rttsburg 81 s2h; Rock Island,
ssh assk; Fort Wayne. S6a< 81; Northwestern, AN
AK; do preferred, d2X as3; Pacific NAH. l37L .
ls7K; Western Union Telegraph, 3o,t 81; Ohio and
Mississippi certificates, 2AS 24; Atlantic Mall lloh
The foreign exchange market was nrm ~ sue coLp-
msncoment Of the week, and some OF the leading
advanced their for sterling At sixty days 70
lo9%. but after the remttanoes on account OF the
November interest nvstwentes held abroad were
made the demand for bills diminished and the tendency
Of rates was downward. On Friday some Of the
leading drawers asked lO95< for their long sight
bills, but second hand they were quoted at
1oak, and Al the close tho market was
dun at the subjoinsd osBankes bills England,
II sixty days ZOE io9k At three days. 1924 l0s1s
commercial bills. los 10s4 bills Paris at sixty
daya 6l7ss 516x; ut three days, lis 5.ls1s.
A. the meeting Of tho Chamber Of Commerce ON
Wednesday last a resolution adopted appointing
. committee 10 draw up . memorial to Congress
for q repeal OF tho prescD, Of three cents per
pound on cotton, which, in view Of the low
price Of the staple and the product Of other
co- ntr,ss will. doubtless. command the attention II
deserves In 1896 Great Britain and Ireland con-
suned 900 bales Of cotton ana = 600, 600
bales OF cotton grown india and other countries which
shows that the former has compete closely with
the latter, although in ssimatng quantity some al
owanoe must DO made that Indian bales
smaller and lighter than American bales To the in
creased supply from India may attribute the extreme
decline which has ,axsn place in cotton, Of tho market
which have for the time being al least lost con-
troll TIE present TAX under such circumstances, be-
comes more than ordinarily oppressive. and the public
sufficiently large 70 enable the government to
repeal without Inconvenience, although 1t yielded
eli 500 900 last year and is estimated TO produce
neary sssble this dursg the present year
Ths subeised statement shows the highest prices at
wnS leading stocks sold ~ the nrst regular board
on each of The following saturdays:-