The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-11-05
FINANCIAL AND cOMMERC GAL.

MONDAY, Nov 4-6P.M
NE gold market was heavy this morning. and after
spsning 140,s declined 1904. In the afternoon.
AoWever became nrm, mainly In consequences OF phi
vate kilograms reporting that the Roman question
assuming threatening aspect and that apprehen-
sons were entertained OF Prussan interference which
In the present state OF feeling between France and
Prussia would seriously imperl the peacs or Europe.
The price advanced one time, in tbs midst Of much
excitement to 1ilh but relapse to l40% lz07s
ceeded from which point reacted again al l4lR,
the closing quotation There good deal Of buying
TO sshort" contracts, In anticipation OF a higher
premium, and the feeling IN the room is somewhat
less bearish than II at the end OF last week,
although the short" interest s outstanding Is heavy.
Tho gross clearngs amounted to s63o4fooo, the gold
balances to $5l7, ITO and the currency balances to
32,leo2 76 The supply Of cash gold in excess OF
she demand, and loans at 2 a 6 per cent
per annum for carrying
The stock market has been dropping and unsettled,
and further decline prices took place throughout
the list although late the afternoon there par
sial recovery Northwestern common was held steady
at about A. but the preferred stock weak under
pressure which attributed to sales OF fresh stock
Dy the company TO enable 1t to. pay for the
Wnona line OF railway which 1t recently purchased.
There was moderate degree Of activity IN Pacific
Mail, and the annual election OF the company
y q Be hold the 2lsi than usual interest
as manifested in affairs The present managers
never issued anything than balance-shect to in
form stockholders OF condition, and in view Of
enormous assets many of the latter arc by no means
satisfied with the explanations which have been given
of the for reducing the quarterly dividends
from five to three per According the evidence
given last March by Mr. Mcane the president before
the Legislative Committee Of Inquiry appointed in
vcstigatc tho OF sudden decline In the price
OF the stock from 240 1l6 company at that time
had assets to the amount OF than thirty five
millions-namely, in cash and bonds, S. 500 O00
in cash loaned, s2,oooooo; In bills receivable.
$5oo0o0; in coal, $leOO;ooO in supplies $500, 900;
In twenty thousand shares Of the companys own
Gtock 81 100000; in real estate, ST. 300 000 and in
steamers, twenty in number actually built running
$40 000, 600 He further said, II think the stock is
worth to-day than $780, the executive officer Of
Che company would sell 1t for 1850" That was on
the 25th Of March, 1867 aud The OF the company
understood to have largely increased since then.
Yet there are no indications that the old Of dv-
dends will be resumed, the companys officers en-
deavor to make it much close corporation posi-.
Die by refusing to exhibit their transfer books the
stockholders, unless whom compelled by mandsmus.
il is generally hoped thai the election will result
such change Of management as will give the
stockholders whatever they justly entitled to-
gether with periodical statement Of the condition Of
she compauy's affairs TIE bull cliques in railway
shares find that their power the dimn-
Sshpg and they consequently anxious to unload;
but in tho Of large .shor interest being Gre
ated they would End it to their advantage 10 suddenly
rally it by buying more. and thus make market sail
on II is, therefore. still about as dangerous to sell
stocks "short" to buy them, although the natural
tendency is downward.
Money considerably active than Saturday,
and most Of the ioans call made at seven per
cent, although there few transactions, early
In the day. six The change attributed part to
speculative manipulation produce depression the
Stock Exchange, and it is BY unlikely that
this was tho case to q limited extent The discount
limo rather stringent in consequence although
Che banks took the best grade Of their paper
at tho legal rate
The statement Of the associated banks OF this city for
the week ending the I'd inst shows, when compared
with that OF the previous week. increase Of 1914
in legal tender notes. 500 deposits ST. 96
circulation s., sls, 81 in specie and s4ie77o
Ts totals Of the present and preceding
nubioned.