The New York herald., 1871-11-22
FINANCIAL and COMNERCIAL.


TUESDAY, Nov. 21--6 r. NJ
On 'Change to-day wheat was dull and nrm. Tho
cotton market was fraction better, but quiet
ADJOURNMENT IN HONOR ov ALEXIS.
Out Of compliment to the Russian Prince and to
permit the brokers to witness the recession. the
Stock Exchange adjourned at one O'Clock and the
GoIdsBoard ar . quarter to one-tho latter az the
close OF Clearing House business.
MONEY FIVE TO SIX PER CENT
Very little was doing In money. owing to the
semi-hollday which checked fresh business ana
was accepted oy borrowers ana lenders as . reason
for letting loans strand over. The rates were dve
ana six per cent on call in such business tran
spired.
Commercial paper was unchanged.
Foreign exchange was weak, and closed at 100 V
for prime sixty day sterling and 1l0k for sight
bills.
GOLD 110k 4 11oA.
There were on,y two prices Tor gold all day, viz,
l10,s and l10X, at which the business was quite
light The closing price In the street after the
board was 1loA i1oA. The rates In the loan mar
ket ranged from per cent for carrying to l-64 for
borrowing. Tho operations OF the Gold Exchange
Bank were as f0lOws-
Gross clearances. f62. OO0
GolQ palunceS. l,JiI,9oI
CurIency palauceS. I,Vl'zJo
THE GOVERNMENT PURCHASE OF BONDS.
Assistant Treasurer Hnlnouse at nom, opened
proposals for the sale Of fve-twentes TO the gov
ernment and found tenders Of $i,302 100, at prices
ranging from 11o.6l 1909. As gold at the time
was quoted 11o.62h l1o75 some hesitation ensucd
the propriety Of buying at over Io.6,,, but az
gold might be considered worth lis asking price
viz, 11o1-the Treasury decided to accept mil
Hon. and paid 1901 for about $1,000 and 1i0.4 for
the remainder
The bond purchase was made to-day in funlment
OF the programme as originally announced. which
was prepared in tine belief that next Thursday would
be kept as Thanksgiving, under the Governors pro-
clamauon, and was not varied when the State
Thanksgiving was changed to coincide with the
national day. The government will therefore sell
gold tomorrow according to the same programme.
GOVERNMENTS STEADY.
The government bond market was quite dull and
and IN TIE main steady. the erect Of the low ruling
Of gold being sti onset by the rmness Of the Lon
don market, In which the 1925 were quoted to-day
ct 90. Late IN the day tho market was not all out
strong owing to the yielding OF the foreign ex-
changes, and prices were shade lower In
some Of the issues, the market leaving or as
follows:-Unitcd states currency SKIES, 113k
1135s; do do, 1881, registered, 16H l161s; do.
do, coupon, 117A lis; do. fve-twenties, regis
tered, May and November, 10Y NIX; do. do 1852,
coupon, do, l1lss l117s do. do. 1864, 40. do.
lllA D llla; no. OO.s loOos uo uo., lllSS lIl>ss
do. do, registered. January and July, 1884 114N;
do. do, 1866 coupon, do, ia 1lt4; 90. do,
1867, do. do. lax q l15; do do, 1855, do. DO,
114X 15 do, ten-forties registered, 1o9,S 11o;
do do, coupon 109H ITO.
srocxs STRONG AND HIGHER.
The stock market was dull, but very strong. and
the least demand inspired . sudden advance In
prices. sThe dealings inside tie building we're
brought close at one O'Clock ny the adjournment
OF the board--a measure adopted by the majority OF
votes, not without considerable opposition on the
part Of the minority, who wcre opposed to any sus
pension OF business. The inquiry ran strongly on
Lake Snore stock and SCRIP particularly the former,
and under purchases rumorei to b, for accouat Of
the party who were so largely interested IN it last
summer the stock advanced to SIX. The most con-
splcuous Improvement, however, was In Pittsourg,
which roso ~ per cent to 12T ,s, on q rumnr that
the meeting Cleveland to- day hac resulted in an
arrangement by which tue books would pe re-
opened and reclosed for the purpose OF allowing
fair . vote the question OF ratffylng the
lease or the road to the Pcnnsylvaaia Railroad.
which viii doubtless be determined In tho
Affirmative without change In the terms as the
brokers or the Pennsylvania company were enabled
during the recent Generalization OF the STOCK to
secure enough TO decide the matter In their favor.
The .snew departures" IN Oh1os and Pacific Main
TOOK them up to Az and 4s respectively. The mar
ket or the afternoon was interrupted by gen.
eral exodus OF tho crowd to SOC the pro.
ccssion on broadway; but the interest felt
in prices was SUFFICIENT to bring back
moderately sized party, who opened business on
the sidewalk and held .'street board" until night
fall the upward tendency Of the mornings market
still asserting itself in this informal gathering Of
dealers. Hannibal and st. Joseph was strong and
rallied to 65k.
The earnings OF the wabash Railroad for the
second week In November were Sl22, in
crease of s19,aS3 over those OF the corresponding
week last year.
HIGHEST AND LOWEST PRICES.
so,,oxu,uy 70 ha al,ovs hirhasU and lowest