The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-12-25
FINANCIAL AND COMMERCIAL.

FRIDAY Dec. 24-6 p. NJ
The eve OF Christmas was turned into q holiday,
the duness OF business leaving little obstacle TO the
cessation OF formal sessions OF the boards. soon
after the opening OF the mornng call at the Stock
Exchange the news OF Edwin N. stanton's death
was announced, wncreupon the call was suspended
and the board adjourned 10 Monday next This
action was speedily followed by the Gold Exchange
and the Government Board. Informal dealings were
continued In tho Gold Room and Long Room, but
were limited IN amount aud both apartments were
closed early In the afternoon. The proceedings
among the brokers after the adjournment were inter-
mingled with constant merriment and so hilarious u
celebration OF Christmas has seldom taken placen
Wall street. We give In another column detailed
report OF the funny and ludicrous scenes in and
about the Stock Exchange during the day. The
disposition to make the whole day dies non was
quite general especially the cable kilograms from
London announced complete suspension OF bust
ness in that city, where Christmas is observed with
especial festivity. The gold market was barely
steady at last nights closing quotations and the
extreme range OF the market was from 1905 a
1909, the former price being made about noon
when there was disposition to sell rather than
carry over the three days TO Monday. Holders OF
god paid SEVEN six and half and six per cent TO
have their balances carried The closing quotation
was 1908 12o5s. The operations OF che Gold Eek.
change Bank were as ionows:-Goid cleared,
s37,52s,O 900; gold balances, sl,5s7l67; currency
balances. $1,92s,32o
The weekly statement OF the associated banks is
rather singular, and Is varlously construed. The
specie has fallen Off over q million and half OF dol
lars despite the government sale or yesterday while
IN legal tenders there loss OF three hundred thou
sand dollars In face OF the disbursement or over two
millions by the Treasury. The deposits, also, have
fallen or nearly four millions and the loans nave
been contracted million and three quarters. AS
the statement only for five days 1t Is suggested
that there mas not been a distribution OF the
different Items, inasmuch IA the banks lose the
chances OF the last days exchanges being In their
favor. Again, the payments into the Sub-Treasury
for customs combined with the specie shipments Of
the week, will go far to account for the
decrease IN specie. Taking the specie from the de-
posts would leave about two and half millions Of
the latter accounted for. This Is done by
occurring that the withdrawal of funds to meet vari
GUS payments interest due from railway and other
corporations together with The temporary diffusion
of money among the storeSeepers for holiday goods,
upon the stock market hardly preceptble, mas
much ~ only few brokers still remained on the
sidewalk after publication OF the statement. and
among them it was not regarded with any apprenen-
sion. 1t is only proper observe that so far the
banks are concerned IL really leaves them In bet
ter position than might at first appear. With the
decrease in loans and reduction OF deposits they
about III Tie same position rs when they began the
week. White the loss in IL two millions they
can afford TO lose one million, SO that the surplus
above the reserve required by law is decreased by
only the latter amount The totals OF the last two
statements are c0ntraSted follows.