The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-11-10
FINANCIAL AND COMMERCIAL.

qUssUAs, Nov. 3-o z. II.
There was no improvements today N the ulaFIet
f0g taesr.ate paper and tic suspension OF tAe ciu
rfn 81 piangeI d Co. was net caic1lSsed Cd letter
she condition az Affairs The note brokers reported
great deal more serutlny OF names Sc conse-
Suence OF Iris event the paper OF the arm ia gsses-
ssoa saviDs been always regarded As FIRST class AZ
che same time the general cas'rust was heightened
BY The announcement o. The suspension OF three
small arns IN the dry goods ana Goth trade snd one
OF Ialgsg capital 10 the oil trade. We ior5ear
giving names untl che hcts are moro fully
spthopg Gated There was "a report OF sus-
pensioy Ia the Stock Exchange, Das VI probably
Erew " 1t OF the sales s'nndss the ruler N tae Gold
Buara for the adjustment OF suaGensions occurring
81 shs ame Of the gold 7coFaer.h The note brokers
gep9s tel no business dong Gndsr " per cent,
sas ugh the nominal range ior prmc paner was 70 70
as ~ II cent discount. fle worst feature 81 the pre-
seia er,ss Is the substitution OF monthly ior annual
Tag Is, which Is beginning to be the custom. thus
aAs ge names we're quoted to-aag aslk 10 per cent
pc month discount instead OF at - TO per cent,
rs formerly. rms Disposition 10 compute by
Y le snorter period Is manifestation Of The
Iesire 10 employ funds ut AZ brief a
tine as possible, 80 pereepiioie IN the
practice OF eat loans, as they are denominated, In
xns street whsre tie money Is lent. subject 10 re-
Iuzu on demand after one DAYS. interval. The banks
not WITHOUT luudA rs iheif last slalttneub
clearly Shows, and the amount OF capital seeking
satisfactory employment Is much larger than usual
al this season OF the year. Where colla.eras are
pat up money is to be had wtthout STINT But the
fears OF money lenders have been aroused BY the
depression in the proGuce business and Other
branches Of trade. Hence Their unwhlmgness 70
take simple promises TO pay. The evn Is
eae which lives and thrlyes upon itself.
less conservative policy on the part
CT capitalists would doubtless bridge the dangers
waich many merchants lnd themselves about to
encounter As 1t is, the gradual Increase OF this
timility and the tightening OF the purse Strings
viii drive the wall many VINO would, IN the ordl-
nary condition OF things successfully meet al their
engagements.
The money market was easy at four to six per
cent on call. After two O'Clock large balances were
being freely offered at Ave per cent and good deal
OF money went over night unemployed.
Foreign exchange s5eady ami nrm on the
basis OF lo55s 100 for prime bankers sixty day
sad 1925 1925 for sight sterling bills.
Gold was irregular, between the extremes OF 12rsl
and 1a73s The latter was the opening hgure, from
whlch the market reluctant To recede, owing
W continued fears 10 tie extent of the European
complications arising OUT OF the apprehended
death OF Victor Emanuel. AT this stage OF bush
ness the announcement was made that tue courts
had removed the inJnnctions on the officers
OF the Gold Board, which was soon after for
lowed by sales for the account OF suspended
GFIas, the price declining 10 the lower ng-
above quoted. IDasmueh as the amount
t2ns sold was O million the decline might have been
larger had not the sellers also have been The pur
ehasers. As the government also sold q million
To-day the strength Of the market reflects the inu-
OF the nrlner tone OF foreign exchange and Of
Tie European news concerning the King OF Italy.
IN The gold loan market there was pressure 70
Fave balances carried despite the easy state Of
The money marke, the holders OF goid paid from
three to seven per cent for tie accommodation The
range OF the price Is shown n tue following table Of
TIE chlei auutations:--