The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-12-11
FINANCIAL AND COMMERCIAL,

.o->~~>>-.--.>--~0>~~,~->--
TUreAs, Dec. 1o-cPM
me gold market hxs been weak to-day, the price
having declined frcm 1904 at tho opeIins TO l35 n.
with ihe closing transactions pror 70 the adjournment
OF iho board nj 1851. There aeady pressure 20
ss from spectators the bear side. and the sshor
interest has been materially increased The borrowing
demand active, and loans made q rates vary
sns from three % fyo per per snuum for carry.
s The gross clessings amounted 10 e6l 4S7 600 the
gold balances TO AIS and the currency balances
70 sl.bi2o1a The rsceipts Of specie and bullion al
Shir pos from California In the eleven months ending
with November aggregated 2lesS,a2 while the
csipts from foreign ports during the time were
emily Saoss as, making tho total receipts from Jsnu
ory to November 30, s27,7siols The exports Of
vpsce and bullion from the port foreign ports
while amounted TO s44 e47 40o from which Il follows
nat We exported sl72l5 30 moro than We received
Fiye.twenties advanced In London to-day 10 u 9-l0
nanly IN consequence OF Geographic orders TO buy
~ecount OF parties here; but NE decline in gold neutral
szsd the erect Of this improvement upon government.
Sscuries and the advance Of yesterday afternoon
not fully sustained Tho volume Of business trans
s~eted counters Of tho loading dealers small
Gut the market STEADY In tone, and at the close
there was disposition TO buy than 70 cell at
the subolned quotations Registered 1881, 1919
lo75s coupon, 1884, 1l2h ll23a; $685. regisiored,
lso2 ll41x il4s; 62os coupon, 1884, 1915 1915:
90. 1854 l0s4 105; do, 1865, 1864 l06z; DO,
1905 January and July, 1879 lo!5s do, 1857 lo7,t
1o71s l0.4os registered, 1907 1904 l0-4os, cou-
pom, 1ola4 I0l7S; June 1900, lo41s 1o5tl July
sso's, lo4ss lo5sS; December compounds 1864 lis4
sllst.; May do, lls1s 1l73s August do. Il6il =
ll61S; September do, 1854 1l6; October do ll5js
su52
There curiosity expressed 70 learn tho cause or
the reduction last month Of nearly million in the
Of the OF 1881 outstanding and also the
manner in which moro than six millions and half Of
tsn-forties issued during thu time. both OF
these transactions having been conducted secretly.
There ample supply OF money at the dispos sal
q the Stock Exchange at per cent and in few
Instances loans made to the leading dealers in gov
eminent securities SIX Tho pr for discounts
the open continues undated and the best grade
OF commercial paper Is rated at per cent with
ocpions transactions at and 10 per cent The banss
however taking the best grade OF their customers
paper with little moro freedom at seven per oent,
the recent action OF Congress with respect TO impeach
msnt and the currency having excrted reassuriug
effect upon the mInds OF money lenders and produced
cheerful and confident feeling in all branches OF
trade. Moreover there are new failures occurring
to create fresh dsrus, aud unfounded rumors OF
pensions longer whispered about
At the commencement OF business tho stock market
was dull bull steady az tho closing prices Of last evening
A. the early session OF the open board the volume OF
transactions worry light; and there material
change in prices, Northwestern common excepted,
which declined 10 63sA.
A, the nrst regular board there was g moderate
degree Of activity, but quotations declined slightly
IN instances, while in Northwestern common
thaTc further break, tho pnee declining TO So
although the Transitions In II nconsiderabls
Enc relapse was source OF surprise TO the street. and
tho conJecturas various rs 10 its cause
but the general impression is tina. the move
ment is designed by tho clique to draw
out fresh "shor 2 Interest. New York Central
tho strongest Of the railway shares OF tho
expected election Of the Vanderbilt party Albany
morrow Erie closed = lower than nj the time
yesterday, Michigan Southern \, Cleveland and Toledo
-, Rock Island a. Northwestern 81, do preferred 81,
Pacific Nail Is, Quicksilver 2 Western Union Telegraph
X. New York Central was higher, Cleveland and
fittsbarg -, Fort Wayne "a, Milwaukee and 81 Paul x,
Canton 4. Government securities steady aud dun.
Coupon nvetwen,ies OF 1852 closed y lower
Of 1897 ~ coupon ien-iores x. Coupon nve-swenies
Of 1854 closed x higher, -,hirlics second seres
Tennessee SKIES, new, advanced y.
After TITO call The market duh and s,cady but at
the O'Clock open board hrmeE and North.
western recovered 20 DOS.
At inc second regular beard tho market
strong and there brisk demand for all tho
leading railway shares, aud especially New York
Central which advanced to ll1Ts Northwestern WAS
higher than a, the first regular board Erie ~ Hudson
River K Michigan Southern X, Illinois Central X,
Cleveland and Pttshurg y, Rock Island ~ Northwest
2h do preferred =. Fort Wayne y, Milwaukee and
b Paul preferred a. Government. securities dull
and barely steady Coupon vetWenties OF 1862 coscd
- lower issue OF 1865 x, coupon ,en.fortles a.
At the open board At haf-past thteo the market
very active and bnoyant Northwestern preferred nd
vsncsd to 57, Eric 7esS and Michigan Southern 20
EnrthVaaarr np 10 and
York Cenirbi steady NIX zl7N During the
OF the afteruoon here excited demand for Erie
ana Ne. York Central AMI the close ~ business tie
marie seong aud active at the following quota
Eous.--Eev York Central lis 1lsa4; Erie, 72's =
52bs Reading, 49, o514; Lichicaa southern, 81
o., Cleveland snd Piilsburg s3h Rock Island sdZ =
oc's, Northwestern, COS OF; do. preferred, 67k a
67ss. Pacific IA, lsfia ia4ls; Wegiem UIion lsie.
graph, So ass Q4icksilver. 20x : Il.
TIE forn,ge sxshangs rarse, firm. but rather
qusi, md % sths close bankers bil< England NJ
susg days, Ftss quoted 1922 loo7s; Al three
dsys, 1ioG laos commercial bills, lossl 1929
bills az Parts at zF Gsys, 5l5A 5;Si al three days
bl5S a 6i5.
Thesrcep.s for S2sisms and the recipe payments
and hasnces a -ut Ire usuy IN sity for the eI
pred port % Or the. zsrk ave been fellows
ltrssn Hssse 49, sub Tyesssrg-----~-,
=. Rsc7ph. Rseipr IaysssEx Brances
dc s2ga 30s So ifics 81 IL s2s< s1o4 SIS, STA
Dec 10. 10000 LES 3,osi 2,ols Los loS,eS2 4Ie
TIE value of exports exs ussve OF specie from New
York 80 foreign ports ios week ending Bsssabcr lo
o. "a %, %