The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-11-29


legal tenders........... 63,o9994 02, ,2Od
The differences are set forth as follows:--
increase In loans IS, 2e4 99a
Decrease IN specie. l,5iU, S1t
increase IN circulation. ACKNOWLEDGEMENTS. S9,40s
increase III deposits. 8,3Os, 4ot
Decrease In legal tenders 1,159, 1875
The decrease in legal tendersis readily accounted
for by the sales OF government gold but the decrease
IN specie creates considerable speculation to the
cause. The customs receipts during the week were
about $l,S0o,00o and the export OF specie about
$6ooo 0o making a total OF S., 100000. But the gov
eminent sales amounted TO 81, 100000, leaving a
clear margin for a better exhibit of specie on the
part OF the banks The decrease OF million and q
half has therefore very naturally suggested the idea
OF blocking up' OF gold. 1t Is said in this con-
necton that the gold bought OF the government GALES
was put away by some OF the purchasers with the
view of making Squeeze next week.
Money was without any change. The banks were
more freely Offering at SIX aud the rate five and
ELK between stock houses, with eYcep tiona transac
items at four. The bank statement is favorable to
continued ease in money, for while the increase in
loans Is equal TO the increase in deposits there is
large margin IN the increase OF deposits Of the previ
GUS week out OF which 10 make a good OF
get against the decrease in legal tenders Corr
mercial paper dallcr to-day Makers fewer In
simes OF easy money. Buyers were not inclined to
concede d.minuton in rates. Foreign exchange
was weaker, good bankers selling down 1922 and
prime bankers at lo9H. There Is less tone to the
exchange market In view OF the fact that the receipts
OF cotton at the various home ports for the Week
have been four thousand bales in excess or last
week. The shipment OF this Increase will furnish a
larger supply OF bills And, again, the ''short' in
tefe5t In governments, which, it was expected,
would require an extensive reshipment OF bonds, has
been largely over estimated.
The stock market was strong At the opening, and
n q AZ an
board. New York steadily advanced to 1885,
rise or ~ upon the closing price OF last night Be
fore the end Of business 1t settled back TO i2s:1
l2SI. The consolidation OF two OF the express COM
panes attracted attention to the express stocks,
which were in the main strong. Merchants Union
improved considerably upon yesterdays price,
but did not keep up its activity. There Is re-
port on Lie street that the Adams VIII
force another war OF the companies Michigan
Southern vas strJus on account OF proposed con-
soidltlon win Lake shore, which would make
hut one corpor alton between b unao ami Chicago.
TIE new Increment IN Rock Island lacked life to-
Gay. Tor Wayne was progres s!ve. Tie feeling In
the Genef a market after tie adjournment OF the
boards was cute bu l.sh. on the other hand the
bear were pNung ont good line o. options. The
remark was 'eeiy made that it was better market
60 sell than ouy, yet large pure ha ses were made.
The bears prophesied . break next week, but
they may d!fcat their own object. Erie was neg
lected tie strees, but there more done IN 1t
at the first open board, the sales reaching loo
shares AZ the regular board II was passed over ana
o. the second board there was but one transact Ion,
embracing 80 shares; the price ranged from $685. 10
40a. The compromise between the principal parties
10 the recent quarrel has provoked fresh proceedings
IN the the part OF the German bankers who
were 20 def:y caught in selling Erie short" In the
original quarrel they made common cause with inc
ex-dircctor against the chief cOnspirator. But
when the latter two WORTHLESS concluded 10 draws
enc fight and make up friends for campaign
In Erie the German element OF the controversy was
sadly sighted. or course the ex-dIrector is now
ready to make many aiidayts for the defendants
no has Tor the plaintiffs IN this remarkable ltga-
ton. Erie Is Ia wretched plight, aud no one
knows It better than the chief conspira:or and OK
director, VINO are UNNECESSARILY 'longp OF the stock
anl would ike to get RID OF It, especially az .heir
load i u be heavily increased by some two hundred
shares now upon the ca route for New
York. Becoming aware Of the fact that their con.
tnued HOSTILITY was only postponipg any hope 81
ever getmga market Tor their deprecated oertn.
Gates, thcy resolved to cease their litigation, and
make up, an thus stimulate en- inyestlnent by the
punltc. Until the stock IS properly registered, and
Until Ia guarantee i given talt there shall be no
fraudulent Overlssles Erie should Ue left un.
touched Even then II Is DO lbtfui II 4 would be o
desirable Investment for IA the hands 81 tho cIques
who have ruled It the past two years Erie las been
a. much The vehicle Of gambling as The Gay oup'
~ Zero bank. with tho difference thaf % The grecn
cloth the player has some cnance OF winning While
m Erie the cards have always been dealt sui TING
cuques.
Business on the street before tho regular hour in
cluced salcf " Northwestern preferred NJ So; New
= Ia fi,uU
OF the hrst open board included sales of American
Express ". A.; Adams Express 4ss,: United states
Express -, Merchants Union Express "a canton
Blk abl%; Pacific Mail, lls; Western Union, J5s, /:
New York Central, l2'S; Eric, 40; Erie preferred
o.; Reading cash. tal.; wabash, oos. fl, Paul
Ss3.; ST. Paul preferred. Of; bankers ana gro.ers
100; Fort Wayne, 1l2s ONO ana Mississippi, 81 !:
Michigan Southern, s,ss; PittsbHs, So; ROCK
Island, lJall; Northwestern, s5ss; Northwestern
preferred t93A.
The quoiauons OF tue regular Board closed AZ fol.
Iows on the csIl,--Cumbcrland, asa4 lo54 Wells,
Fargo Co.'s Express, 2oA s27H; American Ex.
press, - bid; Adams Express, coz 50t.
United States Express, as1a ~; Merchants
Union, .o's 2cS; Quicksilver. 2sh a "A;
Canton tl%; Marposa o.; 90. preferred
z2iz 22H; Pacific aat. III x o us: Western unor
Telegraph s65s o 81; New Yolk Central i27 1914
Erie, 1914 a 40; do. preferred, o. a C0ls; hudson
River 1901 o 1871: Reaiing w.. a 901s; chicago an,
Alton, Jf5 1f9; DO preferred. 40 10; Atom an,
Terre Uaute, 40 sI4; DO. preferred 62ls a 80
wabash, b9s CO.,; do. preferred, 70a 10; Mlwau
kee and st. PAU, s2sa ~; do. preferred, CO.,
sos. Fort Wayne 12Is liza; OHIO amt Mississippi
aI,. a31Js: Michigan Central lie I2Jj5 ;<Aichigsl
Southern, sax q $685.; Illinois Certra', lh& I44
yittsburg, go. q ssaa; Jo.edo, i@'a IoI' kocl
Llsvd, ,csI, Iosjs; Sorbwes'trD, sS;' sse' 90