The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-11-02
FINANCIAL AND CoMMEF c,a,


lLis morning, and the opening Iaf >ef,ona vsrs N
Nok. From this point there vas q decline 70 lsox
which was however, followed oy =. ADVANCE a lalL
and he closing quotation was a lux. Tn. hor
rowing demand for coin was s.,.,.n "a
made without interest and - LEA ner csa, uer dism
ana l 2 per cent per sanum IN f.vo, AZ ,hs
lender OF the coin. and a psr oen, mar .nnum
for carrying. The gre ~ olsarings amounted 10
Soa+ss,oOo, me goia balances TO 81. os4, 800 and
ihs currency balances % sl.6e5 200. The semi-snnua
Interest on Tue hse <snsy bonds OF the Of 1862
1904 ana 1900 isi. due to-day, amounting 10 about
twenty-five m'ho A, bu, far millions
Of The amount Al been previously dsburssd tps effect
Of the further disbursements not fell IN the Gold
Room. lnssadvancs in the Of foreign exchange 70
sesC,y tina specie shipping point has material ensos
m impsrsng 1rmness to- the gold market ana
We meetng Of Congress this month VIII MOI
be without influence promoting an advance Although
Gabsdi and his forces have not yet been disarmed,
there s no disposition shown 70 discount war In
Europe growing out OF the Roman question, and the
news OF the entry Of tho French into Rome occasioned
ne excitement Bu. for the radical policy Of the govern
enl on The Southern reconstruction question and the
mistaken financial policy OF the country gold would rule
considerably than does but taking the POLITICAL
financial and he commercial conditions affecting the
premium consideration, IL is mot surprising
remains high.
Money continues easy at al per cent on governments
and mixed coliaeras with exceptional transactions
I've and per cent The banks are discountng
their customers paper with little freedom than
they did week ago, but they stin very
tious in their selection OF Names the commercial
failures having inspired distrust OF even FIRST class
houses and especially those connected with the
dry goods trade The bank rate for the
best grade is seven per cent; but among the note
brokers is quoted 10 per emit and for inferior
thara lie I'm MI
Tho applications for rediscounts from the Western
banks have been greatly reduced and the drain OF
rensy is now from West to East, but only to very
limited extent. Notwithstanding this monetary ease,
however the stock market dropping. and there
buyers present prices ciques
carrying There great deal Of talk among the bulls
about reforms in railway management, growing out OF
the operations OF the woud-be monopoliss OF Hudson
River and Harlem, but It is probable tLan other.
wise that the improvements referred will Be merely
parrot huge stock jobbng scheme for the sole benefit
Of that gentleman and those who working with him.
and who, by owning all the stock Of the roads
Of reformation, viii reap all the benefit Let the public
however, leave the stocks Of such well managed roads
~ Hudson River and Harlem alone
There not much activity government securities
at the counters Of the leading Dealers and old Eve.
swenties OF 1885, which we're very yesterday,
were in good supply, although there ID sill brisk bor-
BOWing oemanu TOT tnem. Inc market was strong
during the morning especially for nve-twenes OF the
new issue Of 1865, but the afternoon II became slug.
sish and closed steady a the following quotations.
Registered, 1881, llll 1llX; coupon, 1881
1l2S il2h; 5-2os, registered, 1862, lolk lo5;
DO. coupon, 1862 1851 l0sx; do coupon 1854
1o6x 1854; do. coupon 1865. l06h q l06k; do,
January and July, lo7h lo7x; do coupon, 1867,
1o73s 1878; 1o40's, registered, 1904 . 100,<; do
soupon 1905 1908; June 130s 1861 1854: July
do, 1851 . l05ss; December compounds 1864, lls%
49, Nay do, 1885, 117X Il7k; August do, lle,s
Il6h September d. 1l5,< l16h October do. 115K
11e
A the commencement OF business the railway share
market dull but steady the closing prices Of ass
evening" and at tho early ssssion Of the open board
New York Central sold at ll2X; Erie, 72h Reading,
Sta; Hudson River, l2ex; Rock Island, 0eK North.
western. as Northwestern preferred, 90; Fort Wayne
SIX; Adams Express os; Atlantic MAIL III; American
Kxprsss 90.
At the first regular board the volume OF business was
unusually lghR and there activity any OF
railway sharea Now York Central closed lower than
st tho time yesterday, Eric ~ Reading y, Michi-
gan southern y. Northwestern y. Northwestern pre-.
serred r. Fort Wayne u, Milwaukee and st. Paul pre-
feed J. Ohio and Mississippi certificates " Pacific Mail
y, Western Union Telegraph y Mississippi Cep,1al |
was y higher. Canton Y. Government sscuraiss |
were strong Of 1881 u hiahsr new issue Of
1861 coupon tsnlorties y, thirty notes. second
SERIES 4. Coupon nvswsntiss Of lse2 sold at 1857,
sx-coup6n and thoss OF the issue OF 1895 at
I0ek, ex.coupon the former beng nominaly
~ lower and the latter 4 .t the coupon
being worth about AZ. There was considerable |
activity Tennessee sxes new owing to the manipu-
aiions Of certain largo holders who are anxious 70
mako market for them which 10 sell out Tho
price advanced IN. while Missouri SKIES improved X.
dana ala . 81
higher and United States to 6s, or AZ higher
Al the open board O'Clock there psrcep-
sibe change in the temper OF the market New York
Central sold ll2x Erie, 72,s; Hudson River 1893.
Reading, ok 97h; Michigan Southern, ssI; Csve-
hand and Toledo, lo4h; Northwestern, Az; do pro
fcrred, e55S; Fort Wayne, 97k; Ohio and mississippi
certificates 25x; Pacific Mail, l4sl; American Er.
press, ca Adams Express, os. subsequently, q break
occurred and Erie sold down 7lt. but II the second
regular board the decline partially recovered,
although the speculative feeling continued tame.
New York Central closed y lower than At the FIRST
board, Erie y, Reading x, Michigan sou,hsrs \, Rock
Island " Northwestern y, do preferred y, Fort
Wayne &, Milwaukee and 81 Paul Z. Ohio and Missis-
sippi certificates y, Pacific Mail y. Western Union
Telegraph was higher Government sec urities showed
diminished 1rmness. Coupon nve-tventies Of 1855
closed !. lower, issue OF 1885 " Sever. thirty
notes, second series. higher. Tennessee SKIES
new and Missouri sizes advanced 4. The express
shares were arm, and Adams advanced Fl, United
States u.
A. the open board at haf.rast three the market
without further Improvement and Ere sold 7l1s;
New York Central, li2k; Cleveland and Ptsburg,
s1S; Michigan southern, 7ss; Rock Island. sssz
ssJs; Northwestern AK; DO. preferred, esY; Fort
wayne, 97ll. During the remainder Of tho after.
noon the market vas dull and steady, and Al
the Close few minutes before ax O'Clock.
the suojoinsd quotations were cuuepts-Ssw York
Central, il2i1 1i2S Erie ~ . 72H: Hudscs River
12sk TT; Reading e7k aeI,s; Michigan Southern
ss,l Tsx; Cleveland and Pi,tsburs 50 s2s Rock
Island, o5JS %; Fort Wayne, s7A e7ki Northwest
srn, ak t7x: do. preferred, eSJs ess.; Pacific
Mall lssa 1lsk; Ohio and Mississippi certificates, .