The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-11-20
FINANCIAL AND COMMERCIAL


rangs havns been from lssx 70 1884, with the open
Ing Transactions o. lssK aud tho closing oues
at lasz. fnsre vas moderately active bor-
rowing demand for coln, and loans were made
~ . per cont for carrying The gross ciearings
amounted to $50 COL 600 The gold balances 77oiS7
ana the currency balances s25s4 006 The Treasury
was seller 70 = moderate YESTERDAY, but II -
understood not to have to-day Gold
Is strongly held in Of the meeting Congress this
week. add the disturbing effect OF The debates and legs
ation relating 10 the finances and the reconstruction
question ba
Tho active demand for msney which set In shortly
before two o'clock yesterday Continued to-day without
Abatement and slthoagh the gsacra for loans to
the Stock Exchange WAS seven per cent transactions
we're reported In at this IN gold
Various aaoal relating 70 the Cause OF
sudden Change. the most generally entertained OF
which 10 that tbs bull ciiqass the Stock Exchange
Lave been using their influence make money arlin-
caly stringent order 70 produce decline Ia prccs
for the purpose or enabling them TO buy back the
stocks which they sold last week q higher
figures. Al one time report gained. ground
that the Treasury had sid tho remainder OF
she tsn-forty loan 70 promaent house In Wall
street, aud thai heAvy payments WIRE bong made into
the sub-rrsasury In Consequence; hut upon inquiry
We were assured that such transaction had taken
place. The balance In tho Sub easury during
two days has not Increased materially. according TO
tho published rsturns-ths total this evening being
3il0,l7L7S3 In the cours3 Of two or three days or
less, In all probability, the money market VIII DO made
easy again BY the agency which caused
Il 70 become stringent Ia hour; and meanwhile
thoss who have engineered the movement will have
accomplished thor object On the Bock Ex-
change Tho drain u cursnoy fron The West 10
wards this V ssin fsl whlis tho rsmitsancss
southwark barely equal to II Bank ofnscrs are
unanmoss In their opinion the artificial
OF the present monetary activity and they predict that
Is last long. In cspssquencs Of the altered
diton OF the market discounts are obtained dim
Guilty and nrss cass oomsrcial paper has submit 70
40 per cent the street, although the bank
mains At seven. The banks are however. able saks
only . small portion of the amount offered TO them.
Ths stock market steady 1t the decline Of last
evening until AFTER the second regular board, whom u b.
weak and in The midst Of rather excited pressure
70 cell prices declined sharply. rhs bail ciiqaes APP
parsntly encouraged the downward tendency in Erie
thu general share list but Northwestern common
very firmly supported the price time deciin-
ing below 81 quick rebound from the prevailing
depression Is looked forward TO- and all The indications
60 sustain the Inference that the bail clques
at the bottom Of the movement; but the
blow TO the street 10 the less because
It has besn dealt BY Artificial Influences and the elect
win b 20 frtghen good many OF the outside spsca
Alors away from Wall strsst--sor the time being II,
therefore. iris piece Of ssbull' strategy, d mr.
Jake; and Il il than crime 70 sAmpcr In this
manner with the money market.
The annual election tbs Pacific Mail Company sp-
pointed 70 take place temonsw at noon when close
contest Cor the management 70 anticipated strosg
effort being made, however sndersand. N the N
srsss Of the prsssat manassss % remove the iniuue
ton which y said 70 have bssn granted
few days ago resirsning ~ latter gsntIsmsn fom
voting the Pacific Mail stock given tie Atlantic
Mall Company when it, steamers sold 70 The other
company; and in the event OF this attempt being
soccessful application is be made for order post
poning the election until arguments Of osunsei in
The b heard rather providing fos the
ton 10 ocs Of tho present Managers during the iatsr-
val The imbrogiie will In that case b similar
70 one In which tho directors Of the Atlantis
Mall Company were involved moro than year
ago WHOM the old directors refused 70 surrender The
books and effects Of the company 10 the directors
After the election until shsy legally compelled 70
do 50 The opposition viii doubtless proceed with the
election Tomorrow but 10 remains b what
sstance those in poaelson will make IT That they
very much 70 beng turned out Of once their
whole OF conduct goes 70 prove The ticket
includes the following names, but may msa,on that
Nj. u n. Grin nen has dscltnsd the scmina,ios:
Charles Il Russell Edwin D. Morgaa Abel A. Low
Moses Taylor, kesss IL Gsinnsli SsmusG. Wheeler
Jr, Oliver Cbariick. George b Harrison, Allan McLana
Al the commencement u businsss me stock market
asady a. about the prces Of last sssniug,
and NE early session Of ths open board shsrs
considorabe ACTIVITY In Erie. Michigan Seuthsra and
Eegthwssssrs, without any material change IN qaoss.
nonA Erie sold ., TAX .7ax; Reading, co. MicAigan
southern, 7ok 7sy Csvelasd and Toledo le2x Rock
lalasd o6H Cleveland and Psssburg, sax: North ~ss
srn, 50 Sax; do prstcrred, S3k o.; Western Union
Telegraph, sIa slX; Pssins NALL ls1. 4as
A. The nsss regular beard ths market steady and
the business volume well dlmrSstsd
PAcine Msil quiet ard nrm lsS New York Cen.
tai sioss1 ~ lower Than ~ The time yesterday,
Ere ~, RssAing TX. Cleveland and pttsouu 1x.
| Rock Island N, Northwestern preferred ~, Fort
Wayne =, Canton TX, Western Union Telegraph e.
Michigan Central ~ higher, Ohio ana hissssippi
csrsincfsss v, Pacific Man q Govsrnmsns securities
wcrs Geavy. sixss Of 1881 closed u lower, coupon
avsswssnss q 1895 y. nsw issae q, new issus Of
1881 " Tsnssssss stxss nsw aocliasd y, and Mis-
scarf sizes advanced T.
A. ths opsa board ~ ous O'Clock the narkss wss aun
and Fraction Higher Nsw York Osstrsl sod q 1lsY
Ere. 12,<; Resaas ssx; For Wayne, s7x; Michigan
sssshsrn, TEX -; Nors~ssssrn, Sax; Rock island
0sx; korshwcsnsrn preferred, ssx 81 0nio ssd nls.
| sisppi osstiacasu, 2sx; weasru Union Tsissrsph
slx; Pacific Nail 1904; Quicksilver. lex.
A. the second regular board ne market for railway
shars dsu and sssady; Bat Pacific Mail dsslusl 70
| lslA. Tsaosssss txss declined Y. zoe Issue lk.
Ere closed lower thas the arss regular board Fort
Wayne. v. Pacific mail AZ. Cleveland and Psssburg
vas x higher, Book IalasA ", Northwestern preferred
1 y. Govsrnmsas sscuritsss were auL sires ef 1851
closed 4 higher Coup0n Avssvsasis q lsss we're y
1 lower. af M
A, The spsn board half - shrss sAsrs v.s ps
SELL under which press declined sharply he
tone Of the ugke being weak New YORK Csnsss, ssld
1 n li9x = 1l3,x. Ere 7lk q ~: Huison Rysr l1sx
kchlgaa Southern. ssx s7ek; Casvssaaa and I1lssl
bars. sax sax; Rock Islasd, ssx; Northwestern -
AJAX; de- pssfsrrsd. ssh ASK: PacsAo Msii ia .
lsAk; Western Union Telegraph. slx. subsequently,
the pressure 70 ell coasusd and prices csasinusd 10
decline the following bong those current 81 sAs ssss
| quarter V six o'clock New York Central liak
li2x; Esis, 7lk 5ik; Hudses River. rs . i2s !;