The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-12-02

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ar. M.............lS5H
vhe money market was a little more active and the
panks and trust companies more solicitous about
tainfng the full legal rate on call loans. Between
brokers and stock houses the rate on the ordinary
foliaterals was six per cent Prime houses and IA
Rored customers got all they wished at five per cent
pm governments. There is growing impression that
money VIII be quite active at very remote day. but
pobody seems capable of assigning any very def
mite reason Tor it, This feeling, communicated from
Pne person to another, was the occasion Of decline
IN the stock market to-day. The signs Of the times
20 not indicate any very urgent inquiry at hand.
Whatever demand there is now In the city Is easily
Satis1ed at rites above enumerated. The funds to
move the cotton crop have been almost entirely re-
United. The balance is going so gradually that the
enect upon the money market Is impercepti-
BILE. The few remittances to the South are
counterbalanced by the receipts from the West
in the latter locality the pork packing interest Is
beginning to require more money, but can be
Easily satisfied by checking of the remttances east
ward. Our banks are also rediscounting Western
hebs. The Eastern merchants do not seem to re-
huirc any further accommodation and are withdraw
ing their paper Offering 1t at very low rates OF dig
count They seem to prefer doing business on
Cautious conservative basis for the rest Of the
BON, particularly pending the course of gold 1t
win be affected by the session OF Congress. AT the
dry goods sales to-day prices were steady and fair
but without enthusiasm
, The stock market was dull and declined. The
prices at tho opening were about the same as those
bf the close on Monday night, but thenceforward
khere was gradual falling OF throughout the list
Until late In the afternoon, when reaction took
place from the lowest figures OF the day. The de-
cline was attended with no excitement and was the
result Of generally uneasy feeling about money,
about the meeting Of Congress and the dulness Of
krade The market was like dyspeptic, inclined to
DO in 'the blues" and borrow trouble. New York
central was the strongest on the list, ofkning at
h2ak, declining to 12s and rallying to 100. There
WAS difference OF eighth between cash and reg
hlar stock. The weakest stocks were the ST. Pauls.
I'm addition to yielding with the heavincss OF the
market they were depressed by reports Of intended
litigation between quarrelling members OF the 81.
Paul clique, la Erie, and by proposition OF the
Directors to purchase or consolidate with the
dcGregor and Sioux Cky Railroad. Hudson River
fas strong. The stockholders OF this road have de-
bided to increase the capital stock ST. 100 000 In
order to meet debts due the LIST OF February next
rhe rest Of the railway shares were dull. or the
miscellaneous list Pacific Mail weak, declining
Prom 11S to 1861, sut closing at III. Cumberland
The last regular board there was an average
aeciine OF about one per cent from opening prices
6he express stocks weak, with the exception
pr Adams. Merchants Union was heavy aud de-
pressed by o report that an assessment TO be
laid upon the stockholders. The business at the first
Regular board was less than the average amount.
the other session OF this and at all the OF
Hhe open board transactions were comparatively
kew. Erie was never sadly sighted. There were
-
burg improved In consequence OF the declaration OF
b guar teriy dividend OF two per ent.
} The government market opened steady at decline
from yesterdays prices. The causes al work were
Ehe settlement OF gold, the apprehension or activity
In money and the "bcarsn At the noon call there
was a further decline, when the low prices induced
Investment which In turn brought about recovery,
Ahe following quotations prevailing at the close Of
business The registered ISIS are ex INTEREST,"
Dn,ted States SKIES 1881, registered, 1IoA II05a;
DO. coupon 1881, 114< us; 520s, registered, 1867
D ioeX; do. coupon, 1862 11o5s Ill; do. do. 1864,
bo7A q 1o7h; do. do, 1865, 1917 1913; do. DO.
hew 1895, 1loH a l1oN; do do, 1867, 1loj4 1lo,s;
DO. do, 1885, 11o,4 llo1i 1oios registered, 1857
no4; do, coupon. 1861 1854.
The border state bonds very dull ana declined
At the close. Nothing new has transplred concern.
sng the alleged Illegal issues OF bonds Of North
Carolina The report came from the Chamber Of
Commerce OF wilmington, democratic ci;y bsarng
bitter hostility to the republican state anthc uer
under whose supervision the bonds were prepared.
The following the latest TENNESSEE
OK coupon, 81 o 69k; do. new, Gsk 6s&; North
CaroIinas, ex coupon, 6IX 65ls; do, new, G2h .
1s,f vrginias, cx coupon, So; do new. IS; Georgia
Sizes so soyS; do. sevens, s2s 81; Missouri skies
sos. t4s he
Foreign exchange was dun er, in consequence OF
ehc increased number Of cotton bills on the market
Prime bankers ranged from i094 to 10s1l. Sight
bills were firm, on account OF the constant maturing
bf large amounts OF borrowed bills Commercial
bills were quoted at 1osk 1921. The remaining
rates were:-Pars. sixty days, 800 5.1os.: short
sight, 5.l5 5.13h. Antwerp $40 5.lex; swi.xer-
land, $40 o 5.leA; Hamburg s5E q a6s; Amster.
Dam, 4ox a Al; Frankfort +o. Al; Bremen. 7sk q
10; Prussian thalers, 711s a y.
rho tdds for the city bank stocks to-day the reg
MAR board were AS folows:-New York, lao; Mer-
chants l24; Mechanics, l2e: Union. 49, America,
1i6; seventh Ward, ~; Commerce, l23H; ocean.
los: American Exchange, 1l2x; Bank OF the Repub-
SIC ll2; Bank OF North America, 1l1; Hanover. iis
Metropolitan, l43; NASSAU 105; Marine $50; Import
.ers aud Traders, 1913; Para. 1885, Central National.
JI0; Fourth National, 1896 Ninth National. ll2
Tenth National, 100.
The business OF the day IN the general stock market
g. summed up as follows:--Before ten O'Clock New
YORK Central sold at l2pA cash; Erie was quoted
ST. 3e Michigan Southern sold OF se,f. and North.
western at IS. The transactions at the open board
closed with the following quotations on the CALI
Wells, Fargo n Co.'s Express 20 ~: Amer-
can, II a4o; Adams i9x bid; United states A. a
Is; Merchants Union, 1875 10; Quicksilver, 23% a
"a; Canton, 80 81; Mariposa preferred, 211l 81;
pacific Mail lls i1sh; western Union Telegraph,
DG,.a 81 4; New YORK Central, 12aT 12eJs Erie, 3ss
a s9X; Hudson River. 1914 ls1k Reading, osx
osY; Alton and Terre Haute preferred, oih bid !;
SYnhaah hssI a 80 do. nrelerred. 90 T2H Nil