The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-11-04
FINANCIAL AND COMMERCIAL.


20 'e ielsi raae OF interest," was freely Did for loans
"hie Ia sumo instaacx the commission offered was
as hlgh as cae-quarter per cent. The pressure
was as severe as at any time during the past
fortnight and yet there are no present In
oieauoas OF any artificial reasoas being EN-
p4oye1 70 Produce II, tae bank Balances at the
O.eaIsiiy House this morning being unimportant
ySSoad debtor balance OF more than million on
Eie part OF the commonwealth, which indicates re-
taxation II II mas any hah'Acance waa.ever. That
1ne pfe'siins sH.Ageuef al ~i's cenre Is due to
uaiura causes lar more tlan 70 artificial Influences
!" OBVIOUS from te iac' +e extends all over the
country, tue sa1'e coAsl-!6l 81 monetary Affairs
oAis'lhs AZ lineage ana 70. Louis, Boston
una fAhadelgha. AZ Arst undue importance
was a'ac"ea 70 tAe efforts o. stock Spectators to
IVA ~ sieshoacAs,' bat y y now eli ar tnat they
ga Ga nu' : very slbordinat- part IA producing the
oS'"se from e@ss 10 stfneeucy. several causes ce-
oo's TINS M coMbnea % max currency as scarce
- We 10" lac 4 " -. One Is the fact that since
sne ISL VI Dc.ooeI Inc banks have converted into
currency ~ the SCb-iIeasnty about Sli,g00,o00 Of
'eneh tses PCT s-hi cefaAsa.es anu ms Is equi. a.
ient % - mus" con'tsaoa Aaotnei = nat tae ex
CeSsNe Hoaiuli2 o. gram N tAe YES. mas absorbed
laFSs aMoaat ~ stpAsIi nhca VIII not be
Eeea' ~ uali nc gram 4 SEM forward aud third
- Tue ia'AoA q! prices y the railway share market
anu t-e consequent heea " an unusually large
ohout q money y. sustain y. ING banks ana prl-
vac hanNfs mere are nov leaittns currency 10
s1e 7oni' 70 move rue cotton crop, and he pork
pacails eason y ciusa Of and. About six hundred
an ny tAeasand dollars 0! three per cent GER
shva'es "eis s--s 10 ior redemption to-day,
anu WIN NieW TO obyiatei The necessity on
~ past % INC bahss OF CON nniag TO 40 this,
aAa - o''4 I y laG!itate me exchanges be-
tween IA al, mersls ~ We Clearing House
As50 alaltga i 10 he ned q. noon tomorrow for the
purpose y considering d RESOLUTION 10 acceot these
ceFlhcales whan stamped by The Assistant Treasurer
pa. able IA United States notes a. The equivalent Of
4ice0has"s, Ar. an DycN having ode.ei 20 stamp
twenty EllliV2s q ihem III tns maaner Tor Clearing
House purposes. the members OF the Clear
Gle House are understood 70 DO very much
divided IN opinion Ga tue subject, just as
they were last year out W can sea no good
reason Why they should De il tne midst Of
such ate OF affairs as We are now experiencing,
and we trust the Clearing House as 4 body will have
tAe cool TO accept the proposition made
by the Treasury. There Is very little commercial
paper. onerins AMI the best gIaic Is nominay
quoted at eight ana ION per CEN. The dry goods
auction sales were thlniy attended and the offerings
were OF q miscellaneous character but they passed
at fair pr 2es.
The stock market showed remarkable buoYancy at
the opening, considering al the circumstances
affecting Il. ana prices al anced about one per
cent from those curr nj al the close last evening:
out in the at rnoon lie Improvement was not sus-
Gained ana towards the close there was a general
decline, mainly In consel uence Of tho prevailing
dulness, the volume Of BUSINESS during the day
having been light. The natural tendency
OF prices is downward owing as well to
their beng above the range Of rea values as to the
depressing eject OF he existing stlingency, but
strong bull combinations are evidently resisting
these influences, and the consequence is that there is
rronn - ,v,u s,,.,, arr,.,, . ,,er,oa ~ axtroma
,,ano1aru oo,,,,,r uor ,nae, inis stata :, thinos
-rmat = uaaor,,,r hn, ;, !. ohv,ons,v cr,,oo, sor
en-. nm oan,n,na,,a,s coro,nman, sac,rt,os no "a
.ho,rs -, ,,'aa -. ~ 49, 80 49,
,,a.a,.e,s ~. 49, ...,, as.r,o,o. snorr "a
vance ro,,ouinr ,na annonrcaacn, ~ IN. resn,t NJ
tho prosdontioI e,ac,on rniea states stocra he,n0
re,otivov far cheaner Than any others IN the conn
.rv Tna demand Tor r,,nvestment growing ont OF
.he Encouragement of ,be November interest ought Of
u.e,y n carry them mn considerably.
Tho oo,d markat was an tina VINO steady. md ma
fluctuations were from lsa Mt the oneninr To 1a3,l
with the closinr TRANSACTIONS prior TO the adjourn
,pent OF the board at three O'Clock at 1894 follow
tno which the lates. auotation on the street was
,asD lsss< The borrowing demand for coin was
ocnve Int The SUNNY was large. and loans were
made Mt per cent for CARRYING and IN on excep-
tona instance at ZIG per cent Der diem for borrow
Inc ma well as without interest to either borrower
ar lender. The gross clearings amounted to
ems ooo mn the uold balances TO s21l7.7a5. and
tho CURRENCY balances "a es.5so254. The Sub Urea.
d,sbnrsed sl IA 800 in coin IN payment Of inter-
..t On the nobic debt during tina day making total
or .hont nine m,nions on account OF the November
interest TIE steamer Holsata took out s1is 900 In
,,ec,o Tho nrice varied as follows ut Intervals
~ NJ 1aak ap.M la3x
I:lO p. M............lasT 6P. M...... .13ss 133K
Az the commencement Of business the stock mar
ket was firm, and at the early session Of the open
board Erie sold at 4o4; New York Central. l2s1;
Pacific MAIL I2s5I, ana Marposa preferred, 22x. At
the first regular board prices were well supported
and on tiie call New York Central closed v higher