The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-11-17
FINANCIAL AND COMMERCIAL.


ne guld market has been rather heavy 70 DAY, the
sssssms range having bees from l3ex 70 lAok, with
~ closing tsansact.sns 1898. There was . good
lsa Of realizing the part ~ spseussors who bought
heavily previous to the recent ADVANCE and the fact
chat the aoatng SUPPLY Of ceA was largely in excess
n the borrowing dsmsad slim ulated salsa Loans
sa1s a rates for eayisg varying om eight sixteen
pss os.k psr aaasu and snssixtssnsA per cent gill
Monday Tho gross clear ngs amounted V ST. $50 000
sAs soll balances 70 sl.s6o.I2! and the currency
balances 70 ais TIA The or the Sub
Treasury the List inst In payment Of interest
shs gold bearing debt have amounted 10 3l2 COO
fhs Germans took ost 3SS 900 IN specie and
sAs Europs $500, TIA There IL no expectation
4 any further material decline entertained
n he gold room the absence Of disturbing
nom Europe ana The stesdinsss Of oar securities there
,sAvs the market without the support u had few
weeks ago from that sourc The eyes Of the ball ops-
sae are directed Congress, and The prospect Of
agitasioa In thai quarter 70 adverse 70 6 decline.
me stock market continues animated and buoyant,
and the bulls sansuns Of an upward movemsn, OF
uAguituds before year closes, notwithstanding the
depressed condition Of trade and the absence Of much
outside support The ref rms which are promised In
she mAnAg Of the Ere and other railways will. II
. commended, make the stock OF the former
company ultimately worth par - . dividend
paying Investment aud the street seems disposed TO
discount this improvement Tho now In progress on
ahs Stock Exchanged nevertheless owing 70 speculative
than legitimate and in some respects II
spite of the latter for outside Of Wall street. public
fsaling 10 not favorable 10 baoyant market for sscur
siss Tho number Of brokers and professional spscula.
ID large however. tina, important speculative
movements may be cniucsed Without the assistance Of
the outside public tho present Is likely TO AZ
ford fresh illustrations OF this fact The rise thus far
has been very uneven aud Of Northwestern
indicates the extent Of Clique operations in
stimulating it
a meeting Of the creditors Of r. L. Taylor and H. ".
Hubbsli held O'Clock this morning, but
plan Of settlement decided upon. Tine committee
shas called tbs meeting together recommended the
creditors TO accept atty cents tho dollar payable
within year, with interest," With possibility OF rscsv
ing cents The about 81 500 900 and
che liabilities far from 81 800 ooo and It il
pscted that both estates will pass into bankruptcy.
Asasy was in abuudaat supply a. per cent and
IN not few instances loans were made At six TO nrs
las heusss the principal dealers in government
ss being able borrow al they required at this rate
Towards tho close balances offered freely At Six
asd II exceptional nvs for the sake Of employ
ns them Sunday, thus securing Two days interest
me banks are dspossd 70 discount good commercial
paper for their customers 70 moderate Il
per esnt but the would pass slowly atsa
fsw prime names excepted. which are taken whenever
prsssatsd the legal The statement Of the assoc
s.ed banks for the week ending today shows decrease
Of 2ss legal lend e and 1853 in de-
posls while in specie there has been increase Of
tsl In the circulation Of 4o3. and IN the loans
q e12o $50. II will bs that che Increase in the
specie largely Offsets the decrease in legal snders and
shat the other changes are NOS Important.
A the commencement Of business The railway share
market was arm q the advances Of last evening. and
Erie cold u tax. bus soon after ten O'Clock
runner that Mr. C. vandsrbils was dead gained
currency. and a the early session Of the open board
psiess lower New YORK Central sold q lAx;
eris. Ssx TAX; Reading. s7K; Michigan Southern,
slX Ask; IAinos Central lsok Rock Island, ooA;
Aeuhvsssssn. s. Sax; Do preferred. 6sx; Fofs
Wayne. ok os; Pacific MAIL ls4K; Cumberland. -
After enc call the coaHadictsl, and d The
ass regular board The market active end strong.
xsw Ysrk Central largely dsas In and advanced 70
alk ~ Erie was II good demand. the pnes rising 70
TAX. NortAwsstsrs inactive, but arm at SIX,
alA Clsvslasd and Pttsburg improved 70 %. Pacnc
Mail was active and dssnnsd 70 ls3x. New York Cea-
uai easssl higher tAAA II the same time Yesterday,
Ers ~. cleveland and Pisssburx " Rock Island y.
nssthwssssea AZ. d. pssfsrsA y, Milwaukee md 81
Paal prslsusd X Oass sad Mississippi ssrsiasssss y.
Aaiaatle Mail r. Rsadsas w0 lower. Michigan
Southern ~ Ilineh Central 4, Pacific Mail az, west
81 Usioa Telegraph r. Gevssnmsns securities we're
asu. silss Of 1851 ssssd n higher, coupon i've
susauss q 1882 " ssus Of 1854 u, issue Of 1oes y,
asv iaus Of 1868 y. TOE old Express shares were
heavy; Adams sho~sd decline Of and United States
e ", while Wells Fargo advanced X and Merchants
uaiea y.
AZ che open bnsrd a ops O'Clock the market reacted
siishGly and there ~as mnished activity. New York
csaual cold q lllx; Erie, tax 7sx; Hudson River,
-; Reading. s7k; Michigan Southern, SIX; North.
sestsrs, 6sk; do preferred ask; Rock island, soK
Eek; Pasinc NAL laak; Western Union Telegraph,
1lX
AZ ne second regular board the market quiet and
stsady. New York Central closed y lower than 81 the
arst regular board, Erie n Reading v. Michigan
Southern u. Rock Isissd ~ Northwestern prsfsrrsd x,
MhwauKss and st. Paul preferred I. Northwestern was
n highss Fort Wayne v. ohio and hissiasppi csrtin
caass 4, Pacific Mail y, Western Union Telegraph V.
nero wsrs traasesioss recorded In sovsrnmsns
ssesnssa Tennessee ssss siass new. were active and
AAvaaosd 1, and the OLD Issue y.
~ tss open board as haf-pass three the market
lsl aal about X lower New York Central solo -
MX; Book Island, ssx; NsrtAusstsrn, ssX -; %.
sssssnsl, ssk Il D; Fsn wayss. ssx; OHIO and Mis-
saVsi certificates 2sh 2sx. During The rsss Of The
sfsHesa shs rsmAnsd steady cod quiss sxssps
ssr Neesh wsstsra Which advanced 70 san Slx. asd
- ~ ssss Of bussss quarter 10 SIX the subjoissd
ssstaaisas we're current New York Central. 1llx
1ixx, Erc 1sx . TaK; Audsss River. i3SK i2sk;
,asslias, 81 s1k; hissigss scsthsra, six SIN /;
Cleveland and P,sisburs. "a . Ak; Rock Island, % .
~; Eers wayne. - . sek; Pacific Mail, ia3k 1887;
MsesAvestsru. SAX AK; da preferred. ssk esK;
Western Uslss Telegraph. ak snx.
fAsp was moderate degree Of activity In govern
nsas securities ~ The eossssn Of the leading dealers
sasy In the Day. bus u the Close the market ds
Bat nrn ~ The fo,Ieviss Quotations Rsgsssrsd 1881