The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-11-11
FINANCIAL AND COMMERCIAL.
WEDNESDAY, Nov. 100 p. n


rs. WEDNESDAY, Nov 1o-oP.M
The changeab,c character Of Wall street was sell
dom better illustrated than In the last few days Yes
terdsy business closed upon o very threatening II
not gloomy state or affairs, owing 10 the difficulties
attending the negotiation OF mercantile paper. The
embarrassments likely 10 arise from strlngency
discounts were vividy magniled and all sorts Of
commercial distress were pictured in the winter.
To-day, however, there was hopeful II not buoy
ant feeling. and while no further suspensions were
reported, there was more currency for prime names
at ten to twelve per cent AZ the same time the
banks began to ship currency westward as II
the crop movement had been renewed and
merchants were more sangulne OF collections. The
local money market was more active and tho stock
houses had to pay seven per cent Us general thing.
altaough the transactions at SIX were guite numer-
GUS The government dealers were abuudantly sup
Piled at FIVE and six per cont. Foreign exchange
was steady at 1851 q 100 for prime sixty day and
109x 1905 for si9at sterling. The gold market
was steady at 1893 q l2jS-the extreme range OF
the day. The special committee OF the God Board
have been in consultation with the officers oil the
Gold Bank, ana VIII within a day or TWO report IN
favor OF the restoration OF the clearances 10
their former agency, the present practice OF
making deliveries OF gold by messengers being
Z source OF constant anxiety to the gold dealers.
Nessrs. T. II. Williams, Jr.. & Co. gave notice at the
board Of their resumption OF business, all claims
arising from their suspension having been paid or
Vhe stock market was in the main dull the prom
lnent brokers and operators being in attendance at
me ceremonial OF unvelllng the Vanderbilt bronze
At St. Johns PARK. Daring their absence MOCK
ceremony took place In the Long Room and created
great deal OF amusement. report OF both affairs
r. given elsewhere. Prices at the opening were
heavy ana went oil, but then rallied, the whole
market being strong on small transactions In the
ease OF the new issue OF Erie, tue special committee
Of the board decided to-day that the stock was
good delivery alter thirty days from the notice
aud after proper registration at the trust COM
pany. The Western railways were conspicu-
ous in the advance in the afternoon, excepting
Lake Shore, which encountered strong "bear'
movement and was heavily sold. An oineial de-
spatch from Cleveland says that the earnings OF the
Lake Shore and Michigan Southern Railroad for the
0rst week In November show an increase Of s24 600
over the corresponding time last year. Northwest
RntSt Paul were active and strong. The Wander
bilt shares derived buoyancy from the ceremonies
at St Johns PARK and nearly two per cent. The
market dull al tie close and prices Tell OF nom
the best figures OF the day. United States Express
Stock declined In consequence OF the increase OF
freight tariffs on the Erie road. The resiSna-
zion OF the Assistant Treasurer, General Butter
1ed,, having been accepted, State Senator
Charles ]. FolGer wao was originally General
Grants choice for the place on the resignation
Of Mr.. Van DycK. has been appointed, but VIII not
assume the duties OF she oco unti the usual nven-
tory made Of the treasure to be consigned TO his
charge. Tho government to-day purchased 10000
6f fve-twsnty bonds to ba held subject TO the action
Of Congress- TAe offerings were nearly 100000, an
Amir uttvry at mt sJbt hn
1aken. The 1900, 900 accepted cost the government
Az 95, ex interest THO large amount offered az the
SubTreaaury, and tne fact that there was no extra
purchase, led to sharp downward turn in bonds
Sfter twelve O'CLOCK and prices fell of half TO three
quarters per cent the market closing this evening
with the following street prces:Unlted States cur
fency Skies, 1917 l0; do skies, 1881, registered,
G7h o nix: do. coupon, INK 11124; 90. i've
twentes, registered NAY and November, 1l2A lis;
do 1852. coupon, DO, ll5 1l514; 10. 1864, cou-
Don, do, 1l2H lis; do. 1866, coupon, do, 1l31 a
113H; do registered, January and july 1154 1l5h;
do 1865, coupon, DO, ll53s ll51a; 90. 1857, cou-
pom, DO, Il5M ll51; DO 1865, coupon, DO, 115l
l15h; do. sen-iortes, registered, 1917 Io7R; co.
coupon, 107T 1o7A.
The following were the bids to-day for the city bank
stocks:-New York, 1324; Manhattan, Ill, MGR
chants, 1913; Mechanics, l42; America, lAs; CITY,
RIO; Phenix, LOG; Nortn River, 95; National, liz;
Merchants Excaange l19; Commerce. 100; Broad
way, l75; American Exchange, los; Bank OF the Re-
public, lis; irving, 1I5; Market, ia; Nassau, 103;
Continental, 1o1; St Nicholas, ia; Commonwealth,
111 Importers and Traicrs' les; Park 1e5 Manufac.
surers and Merchants, 100; Central National, 1oaA;
Fourth National, 1886 Ninth National l1S; Tenth
National. so; God Exchange, 55; Bankers and
Brokers' Association, lo2.
The range Of the gold market is shown in the