The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-11-13
FINANCIAL AND CONNER clAL.
FRIDAY, Nov. 12--6 r. NJ.

FRIDAY, Nov. 12-6 r. NJ.
The money market remains easy At four to seven
per cent the being the exceptional rate TO
tho government dealers on pledges OF United States
securities and iauer at bank and among the trust
companies On street the prevailing rates all
classes OF colaterais five and six per cent. There
" no change OF rates in the discount market but the
feeling is no wo.ss The SPECTATORS in the West
seem inclined try the old strategy OF holding
grain for higher p.ccs, and hence the remttances
westward, whlen nave been spasmodic IN their
career this season, are again light. Some curiosity
B manifested via eerence to the bank statement
tnasmuch the government mas sold three millions
Of gold this waea az iinst the purchase OF only
two millions OF ooats, but the decreased shipments
TO the West leave no ground for the inference that
the showing OF Re al tender reserve will be unfa-
v0rabe. The dsp0s ton to make time loans on
pledge of coliaieras IS also becoming mora mani
fest, the ateness u tho inspiring many lem
ders with tile bore. tiAt satisfactory employment
OF their money n is way dt seven per cent IL prefer
able TO holding Is io lie contingency OF squeeze"
ana earning insenssne only four and lve especially
as the prospect u squeeze grows more and more
remote In discoaass prime names pass at ten to
fifteen per cent aGeo am to the time to run and
the character o. tac endorsement. Buyers nave
their choice OF l.gcor grades at rates ranging all
tho way from Der cont.
The government ,.id market strong and
steady out witllea otaer feature. The tendency TO
decline whisa asealds the situation Of the gold
market Is IN 4 MEASURE checked by the ease of the
money market waicl iadaces speculative holders to
hold on.
Foreign Exchaase we ker in the forenoon
puG the purchase ,aVurdays steamer cleared the
market Of The oas4 u oils and quotations closed
ariner The tlaasactiJns III continental bils were
quite feature oI Jay business and francs were
active and higher
Tue g0u malket Vas extremely dull but strong at
1864 i205s. Mobile further has transpired as to
tie deliberations GAe special committee on the
subject OF clearan cs,
The market icr oathern securities was steady
put extremely duil, only activity was again In
the special tax UJds North Car olina which luc-
tuated between .Jat 4, VITA sales Il! 4O}a towards
the close Of busiaess Ia he Long Room. the follow
Ing were the ibo street prices for the leading
bonds on the Sou(nc-t. iist:-Tennessoe, ex coupon
90 o COS; do, nov, 8! u 52A: Virginia, ex coupon,
~ q ST. do, new, - u "a; Georgia SKIES, 81 49,
do. seyens, 81 a y; Aorh Carolina, eI coupon, AZ
q Az; do, new. 3Si4; do, special tax. 40
Al; Missouri siXes, IS $50; Louisiana skies, So
y 81; do. levee SOS % a 81; Alabama eights, %
"a; do. lives, d, a -; South Carolina skies 81 a
81; do. new, s. q 65 CICy Memphis SKIES, As AZ.
the Committee Emissions TO the Stock Ex-
change to-day iepos II 10 Board that TIE follow
4
leges in the Boar ---U. H. Van Deyenter, James \
Julian, James A IL hlc.en, Il. u. Foster, q. II. Ray
mOnd. Ia the rases IL. u. Foster and G. II.
Raymond The cosiin-tee found that they promptly
responded to .ueir contracts ana met all their en-
Hagemeuts as tncy presented their suspension
having been sllpy Il technical one.
Tie stock mdrset mas drifted INTO what is techni-
cally known Us DroAels marKet-tlat is. the or
dcrs from outsiders very few, and the brokers
Aaal with uri t,s+a tnrt rurrs rrnu on
eighth to hail per eeI according tho nature OF
the stock. To-Day was animation
based upon Y5ry formidable assault ON
Pacific Mail, wh.cu carried the price down from
oOai to 55a. The gcA3s IN the stock predict that
the directors WI. pass the dividend. The same par
ties also aasaei i.ase Shore and the Western Stocks
although their ulOtc 1t against The railways was
more visible in iaae R9ie, which they forced down
to ss,.. The pr-vaning ease III money, however
imparts elasticity 70 nCes and upon tue cessation
or this pressure o. sscs the market reacted and
closed at "a lmpr0se.u At oil quarter TO a half per
cent on the lowest range OF quotations. The Van
derbrt stocks were heavy ana declined, Central
going or 10 1904. tGdson kiver 10 l5I5a ana Harlem
70 III. III the acous list there was 1urteer
decline III Westera which sold al 3iA, While
IN the railways Sew .ureey Central was weak and
sold as low as 0tsi. ne closing quotations at
the last session ui he Stock Exchange were
rs lCllOWS:-lantoi, SulhDtitattu,
274; Western Union Si u .4is; QUICKSILVER, 1875 a
II; Mariposa, S a 5 +; do preferred, l51a 49,
Pacific NAH, 57M . Es}s; Boston Water Power, IA a
14G; Adams Express, 55}a 55Js; Wells-Fargo Ex'
press 1s1s 1884; American Express, 35I 35H;
United States Express u a 5318; Merchants Union
Express, 81 bid; NeT York Central, ls1 q 1sIA;
Erie, % a 2s1 do, preferred, "A Z 45; Hudson
River, 1519s 1876; halen, 1872; Reading, 9s1 96si;
Michigan Central 10 u III; Lake Shore. 8S7s 80;
Illinois Central IN $50; Cleveland and Pitts
burg SAL 50; chicago and Northwestern, 694
S9M; Cleveland, Iouu0us and Cincinnati, rs bid;
Rock Island l05 !. I03. i; Milwaukee and st. Paul.
bsss 6sk; do. preiaIe,i, s2's S2fl; Fort Wayne,
IS as5s; Alton aud lelre iiauc, 30; DO. preferred,
bs ohio and l1lss,s5lppi, 25S 26l&; Delaware and
Lackawanna 100 Is bld Sew Jersey Central, o. bid;
Chicago aud Alton az l5oj do. preferred, 49,.
l49; Morris and ESSEX. 81 So; Hannibal and st.
Joseph, 1oTh s0o; do. preferred 106 l07s;
Columbus Chicago Gud Indiana Central, 24s5 PAS.
The highest and low est plces OF Tie reading stocks
are shown in tho following taole:-
Htghest. ko,rest.
New York Central ............... lS2s li9?z
EIe ,...................... a<ss az
Harlem ................... i3-1 i5l
Hudson River. I55 15TA
Reading Observation-Disclosures. 9itt 36ts
Lake shore tf,-tt....t..... of}t e2Ss
plttSDulE, - 90
Northw e. err, giis COS
Northwestern preferred .......... oof1 Ss1
Rock Island. .................... 1855 1884
Milwaukee and sl tstul.......... GS, G9H
Milwaukee and 81. Paul preferred 53t o2i4
Ohio ana Mlssisslp lt......,....... 25si 20
New Jersey Cenii;i'. ............. SO 8o4