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AFTER THE BOARD 570 shs. B. & O. RR. c&p-56 NEW YORK PRICES AND SALES OF STOCKS IN BY TELEGRAPH Through ILLIAM FISHER & SON, Stock and Bill Brokers No. 22 South street. 1st Board 2d Board. 78 Virginia 6's 00 Missouri 69 69 .00 00 Illinois Central bonds 14 00 Canton Company Erie Railroad 27 27 % 70% 72 New York Central Railroad 33 Reading Railroad 33% Panama Railroad .00 00 00 25% Cleveland and Toledo Railroad 00 1234 Michigan Southern Railroad 00 Cumberland Coal 00 00 Harlem Railroad 14 1/2 .00 Galena and Chicago 58 00 .28 1/2 Michigan Southern, guaranteed 00 Rock Island Railroad 51 1/2 heavy heavy The New York Post of Saturda evening. says: The stock market has undergone an important decline low to-day, though at the close there is rally from the the touched The heaviest depreciation was in points stocks, these falling 3 to 5 under moderate sales State in Virginias is equal to 7 per cent They The close decline offered at 78 with 7 bid. Missouris fell touched to 69, but 75. in demand at that price. Tennessees consid were of 1860 are 95 bid 100% asked. There is Ohio 6's scarcity of New York Central and Eriecertificates, erable the price of these improved as the time for making sold and deliveries of the day approached. Central at the at 27 1/2. Galena and Chicago closes at 71% and Erie Illinois Central is offered at 57, Rock 583, Island Toledo at 52. 26 The quotations of United States stocks are of follows: the sixes of 1862 offered at 102; the sixes with 1 bid; the fives of 1865 and '74 are of is fered 1867 at 105, 99. The bond list is materially lower. The sues of at the Erie, Illinois Central and Michigan Southern have The declined market 2@3 per gives cent. no signs of relief as yet, and money rates are paid on paper. First -class names range from higher 1@1 1/2 per cent. a month, and well-known bills at 2@2% cent. The banks are close and discount very per The dead-lock in foreign exchange is arousing to the consideration of measures of that a number of the largest up sparingly. the suggested banks banks relief. take facili- It millions of exchange bills with the hope which are now next to tating several is negotiations, such impossible. of amount is the impression that the removal of an ExIt the market would at once lesson the pressure. from at Chicago on New York to-day is unobtainable at 5 cent. premium. The quotations are about as follows Virginia 2@3 per cent. Carolina 5@6, South Carolina and North money change per Georgia of uncurrent 5@10, Illinois, Wisconsin and Iowa 10, Canada 1. Savings We see it stated that the Charleston (S C.) has determined to take dvantage of a clause its charter requiring three months notice any three hundred dollars shall be withdrawn in Institution sum exceeding before condition of financial affairs compels in self-defence, to use and apply a provi for the benefit of all and to profrom sion the institution, intended it. The general depositors, tect them against their own needless apprehensions The Express says There is a panic in State stocks, with a fall of five per cent. in Missouri and Tennessee -the former being quoted at 67, and the latter 75, against 72 and 80 yesterday. Virginia 6's are also lower. To-day, the impression is general that the bank officials of Illinois and Wis consin will call upon the banks for in0re security This was not done in 1857. when the panic' was suffered to run its course without any such interference with the banks. If the banks of the West attempt to send bonds here for sale, their sale is not probable, from the fact that held by the bank department for more than they they now are be sold for. If there should be a run upon Western can banks for redemption of circulation, it would be diffi cult to meet the run, and they must go into liquidation In money there is no change to note for the better On 7 call, borrowers, with good collaterals, are supplied at percent. The pressure is chiefly upon commercial bills which cannot be used, at exorbitant rates, commencing at 1 cent. for the best, and running to 3 per cent. for names, per which a few weeks ago sold at 8 percent. per an num. The banks, as a whole, are inclined to do every thing in their power, but their means are restricted.There is a steady pressure for disconnts by merchants deto buy sterling bills at their present tempting rates siring -but instead of offering short bills from their pocket as collateral books, new paper is made, and April and May bills offered Leading buyers of outside sterling bills are for ordi- the part full, and it is stated that names which in bills most times go at 1/2 under leading city drawers have nary sold as low as 100. At present sterling bills are almost useless, and no change in money can be looked for until business in this direction gets into its usual channels. To be sure, these bills can be sent forward for collection and gold imported, but this implies costly delay in the movement of produce The appearance of the money market is unsatisfactory and the want of confidence is wide spread. The political agitation of the South has reacted with fatal effect upon business with that section, and there is a severe money pressure of which no one pretends to see the end. The Corn Exchange is no better off than that class of merchants affected by cotton, and November, 1860, promises the to be remembered in commercial circles as freshly as crisis of 1857. A proposition was made this morning by several banks discount one million of dollars of sixty day bills of in the of purchase bills Sterling drawn Brown to Brothers & Co., the proceeds to be used against by the latter produce now useless from want of purchasers of Sterling bills. We do not hear that the movement has been suc cessful, and can only say that the Manhattan Co. has agreed to take its share, and that the Merchants' is favor ably disposed. The Philadelphia Bulletin of Saturday evening says: There was more excitement and more of a "panic" at Stock Board this morning than has prevailed any day since the the election. The unfavorable telegraphic accounts from New York, and the pressure in monetary affairs, flattened everything on the list. Reading Railroad declin ed 1% from the highest figure realized yesterday, and 2 closed unsettled. Little Schuylkill Railroad fell off Prices of the better class securities are also affected by these sudden and violent fluctuations. State Fives reced ed 1/2 City Sixes 1/1 Lehigh Navigation 16, Harrisburg Railroad 1/2 and Green and Coates Streets Passenger Railway 1/6. Bank stocks could only be sold at a material concession, and for all Passenger Railway securities prices are entirely nominal unusual pressure in the money market this There was borrowers and but few lenders. First class short morning-al paper was done at rates varying from 9 to 18 per cent. ,according to the necessities of the parties concerned. Capitalists are more timid than ever, and the banks are fortifying themselves for any emergency which may arise. in Business in many departments is at a stand, and stores. breadstuffs, grcoeries, provisions, cotton and naval there is but a very meagre trade doing. At the close ulators. things looked rather "blue," particularly for stock spec The Chicago Tribune, of the 15th, says: The money market remains exceedingly unsettled. All the reliable produce bills that offer are promptly taken but very few of the banks have sold exchange to-day at any price. Three, perhaps four houses, sold sparingly to best customers, at three per cent. premium, and in the afternoon we heard of one that conceded 1/4 per cent. in a few cases. but the general rule of the day was not to sell on any terms. As several of those refusing to sell were among our largest houses, considerable inconvenience be gan to be felt. No one, of course, can predict what turn events may take, but we see no reason to change the opinion expressed yesterday morning, that the "flurry" cannot last long. A majority of bankers, however, seem determined to wait for future developments. Buying rates of Exchange were nominal. About 2 percent., and in some cases 2X@3% were the figures. The supply of gold in town is exceedingly limited, and of course there are no settled rules. Three to five per cent. were paid.
