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


1ouched There was steady pressure sell from the
Speculators nearly ali OF whom arc bears, and the
tshortp interest Is very large. The floating supply OF
coin u sufficiently heavy however. TO enable them %
borrow all they require for making their clcArings
loans we're made without interest and at rates varying
from ons TO Ave per for carrying The gross clear
mrs amounted TO SGT 600. tho gold balances to
81 u.s. s4e and the currency balances to s2,s6s 7of
The object Of tho bears Il to dcprsss the price sill!
Further both for the sake OF covering their 'shorts
Anvantageously aud establishing fresh basis for rise.
y Borrowers STOCK coa;srals continue to BIO well
Applied with capital at per cent, and IN some
instances first class houses have balances offered them at
ylx per coat. Ia the discount line tho banks show
disposition 10 accom- their customers at seven
per cent but they not buyers Of outside commercial
paper Tue best grade is rated on the street at ae
per cent and the or fresh failures is diminishing
The recent dis;rust Of cred'ls
At the CON- mencemen, of business the stock market
was rm a. the closing prices o. Inst evening, and at the
Early OF the open board prices well sus-
famed, whis New York central was exceptionally
lrong and advanced llsK At the st regular board
Abe market active and strong, especially for Erie.
which sold up 10 727s New York Central sold at 1ls
Al3K the recent advance being due TO the expected
result of the annual election Albany oday Hudson
River advanced to 1897 On the second call the market
heclIned slightly New York Central closed TX higher
lAan u the time yesterday Ere ]. Hudson River
bx, Michigan Southern lsl Ceve and and Pttsburg u,
Rock Island A. Northwestern preferred J, Fort Wayne
J. Pacific Nail u, Canton r. Milwaukee, and 81. Paul
Sns lower, do. preferred n Western Union Telegraph
e. Government securities we're dull. Skies OF 1881
closed lower; issue OF 1854 u. The State stocks
esre steady and dull.
At the open board at O'Clock there moderate
degree OF activity ani prices were Without material
Change, except for Pacific Mail, which advanced 70
1854 The previous depression in the stock Was ccca
3oned by forged order to sell four thousand shares
GENT broker In habit OF acting for nrm accus-
toned large In t. and signed by tho latter
Three thousand shares sold before the fraud
discovered Some or the buyers OF the stock under the
order have relieved the sellers from their liability to de-
liver IT, the matter is 10 be investigated by the rcgu
Gar board committee having been appointed Cor that
purpose.
y A. the SECOND regular beard the market was some
what irregular, but The speculative feeling remained
strong. Northwestern common, however declined 70
90 New York Central closed 4 lower than a. the
Ass regular board. Michigan Southern Il, North
Western ~, Fort Wayne ~ Canton u. west-
ern Union telegraph *. Hudson River was e
higher, Pacific Nail 1, Atlantic Mall e. Government
1ecurities dul vc twenuas Of 1885 closed
~ lower; issue Of 1864 was y higher Az tho open
board u haIf-past three marke: nrm and tho
transactions in Erie aggregated o4o0 shares at
AK 72,4. During tho rest OF the afternoon
&ris was active. and the general market North.
western excepted, remained steady, tho following
being the quota ions as halG-pass fvc:--New
York Central. 1l7K . ll7a4; Eric, 72N 72Ss (;
Reading. s5 a o5x; Michigan Southern. s2S a
42K; Cleveland and Psburg, So X sss4 Rock Island,
~ o73S; Fort Wayne 90 so11; Northwestern. 5s,s
Ssx; do. preferred, 66s g.; Pacific Mall, 12i,s
Western Union Telegraph, 32g1 s31s.
The annual election Of the New YoTk Central Railway
Company was held at Albany to-day, when than
swoay millions Of stock voted upon by the Wander
pit party TO which opposition made. Dir.
Cornelius Vanderbilt was chosen President and Mr..
Daniel Torrance vce President. The following the
names OF tho Directors: Cornelius Vanderbilt OF
New York; Chester W. Coapin, OF Springfield, Mass
Daniel Torrance, OF New York; William H. yanderpils.
81 New York; Amasa Stone, Jr., Cleveland, Ohio;
Horace II. Clark, OF New York; James ii. Banker, OF
New York James T. Joy. OF Detroit Michigan; Augustine
achsiL Of Now York; samuel y. Bsrgor OF New York
q, Henry Baxter New York Joecph Harksr New York
William A. Kissam, New York.
There light business transacted in govern.
Asnt securities the OF tho leading dealers
and during the morning the market heavy, but il
subsequently, became strong, and finally closod steady at
'ns following quo,ations:-R Registered, 1881, 1915.
ao7X coupon 1881. 1l2H 1l2x; 5-2os registered
Jeo2 ll4A 114H; s2o's, coupon. 1882, 1918 1919
10. 1854, lo4A a l0i7S; do. 1885, 1885, 1861; do.
ye66, January and Jalyi 1919 los; do. 1867, 1914
t07ys; 10-40s. registered 1908 1904; 1040s, ccu-
6os. iolx 1o1k; June 7So p 1863 los; July 1905,
l04yt l05: December compounds, 1884, i19k 11e5s
Say do, 1885, 117h 1l73: August do, li6l 1l6,s
ssptsmber do. 1854 . ZIG: October do, li5h llSS
: The foreign exchange market was 1rm bat dull, and
oanksrs' bills England at sixty days quoted =.
1924 1921 At three days, 1904 no.; commercial
t.tt. l.~m
'Alex g. 10; at three days. 5.l5 a12l.
y The foreign imports this port for the month OF
November were valued at only sl5s1l,oo7. in coin.
Against $2c7i0s54 for the corro1po-dns month las.
year and ST. 26 65l Tor the moalh In 1885, Too
decrease IL marked; Du, II wo 90 back to November
1s64, We ind that the imports in sha. month were
Valued 81 only ss.5o7594 The increase IL import
trade dates from August 1906, and this accounts Tor the
Imports being valued only Sos 694 go in tho nrsi
Alsven months OF 1885, while during tho time Ia
1900 they were returned as s2ss 7sl,0lo and in the
present year $780, 81 sos Tho receipts for customs
duties nj the port during tho nrs ecsea months OF 1897
were sos 500, $50; in tho months IN 1865 they
Wors sl22372 23l and 10 thosc Of 1855 500 1874 1855
fhs exports from the port 10 November valued 8,
SEA 4os 77o currency. against sI7.75o755 in the
responding month IN 1866 and SOS 126 100 In 1895 For
Che eleven mouths ending with November tho exports
wore valued At S2l767 i3e, against s2SS liz AT for
ths same time in 1906 and sls3 os2,t.s for the same
time in 1865. Owing 10 the sudden freezing OF tho
Canals very large Of produce is shut out OF
the markets. and this IL calculated TO diminish our
export trAao until the reopening ef navigation noxt
spring.
+ Ths receipts for customs aud the receipts payments
and balances at the sabTreauyy In tits city FOR the
cirsd portion OF tho week have been 10 scllcws:-
!. Custom Hopse $50 Tscxsv-----
Res-p, Recs,pt. pagmnf, Br,oso r.
Dec. 10 =. 173 025 1013oli 2.0;0 1903 i03 g32 40
Dec. H.. lJ3,001 l,lij41 1f51523 l03 SOC, sos
The exports texcusivo Of specscl from New York to
foreign ports for tho week ending December 10, and
snes Tho commencement OF tho year compare rs fo..