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THE STATE OF TRADE. THE LATEST TELEGRAPHIC REPORTS of ic of the Condition of the Markets at the Leading is Trade centers of the Country-The Rullag Prices for the Principal Staples-Flandcial and Commercial Affairs. NEW YORK. November 18.-MONEY-686 per cent per annum, 1.32 per cent per diem, closing at 6 per cent. Prime mercantile paper 6a7 per cent. e Sterling Exchange bankers bills steady at $4 30% e demand $181% Dry goods imports for the week $10,573,710. GOVERNMENTS-Unchang except for extended e 6s and coupon is, which declined 1/4 per cent. , U.S. 65 extended 1013 Lehigh & Wilkes 110% U.S.5s, extended 102 Sx. City firsta 10916 113% U. Pacific bondaists 117 41/8 coupons, 8, is, coupons 116) U.P. Land Grants 11316 130 Pacific 6s of '95 U. P. 8. F. Bonds 123 115% Texas Pacific I'd Central Pacific, 1st Krie seconds 1011 Tex. Pac. R.G. Div 901/2 RAILROAD Bonds-Irregular, but in the main weak and lower. 0 STATE SECURITIES-Moderately active. 36 Louisiana Consols. 68% Virginia 6s Missouri 6s 110% Virginia consuls, ex 1 10912 St. Joseph tra mat. coupons ..7916 73% Tennesice 6s 0 Virginia deferred 118% Tennemee 6s. new 73% STOCKS peculation was again to-day rather inactive, and the market was characterized by a feverish tone. At the opening prices were Irregular, although in the main, a fraction higher than yetterlay's closing figure. but before long a decline of to 2 per cent took place, the latter in Indiana, Bloomington & Western This was followed by an advance of 1/4 to 21/6 per cent, which was most marked in Manhattan Elevated. Indiana Blooming ton & Western and Houston & Texas. Towards midday speculation again became heavy, and prices fell off 182 per cent, Chicago, Burlington & Quincy and Missouri Pacific preferred leading the downward movement. Subsequently there was recovery of 1/683/6 per cent. but during the afternoon news from Boston regarding the bank trouble there caused n pressure to sell, which caused a steady decline until near the close, prices falling off per cent, the latter for Bos ton Air Line preferred: Chicago, Burlington & Quincy, Reading, Metropolitan Elevated, Missuri Pactice, Western Union and Indianapolis, Bloom ington & Westean being also notably weak. In the final sales some shares recovered a fraction, but the market closed feverish. Transactions, 345,000 shares. The Commercial Bulletin says the market early in the day wasagitated by rumors of bank failures In Boston. These were ut. first believed sensational and simply created an uneasy feeling. It was not until afternoon that it was certainly known that one bank failure had occurred, and that another bank had been brought to such a condition that it askept open only by the assistance of the associate ed banks of that city. The bank which suspended was the Pacific National, with n capital of $1,000, 000, of which about $800,000 had been paid in. This bank kept open to pay small checks until after one o'clock and then closed. In its suspension it cleav ed through the Ellot Bank of Boston. The Central National was the other bank in trouble, but this was carried through by the clearing house association. of which it was a member. According to the news which reached here both banks became involved by reason of advances on mining stocks, Silver Islet being the principal one, and low priced nailroad shares, which were being carried by a speculator named Weeks. The tendency of this disturbance in Boston will be to draw money from here. Already large amounts of stocks owned in Boston but having n market here have been thrown on this market, and the result was seen in the declining prices at our Exchange. In the last hours our entire stock market was weak, and prices declined 1/m per cent lower than yesterday, or outside of the Boston Air Line, 3% per cent. At times, when the market was not under the influence of this Boston news, the Vanderbilt stocks werestrong, They were active throughout, and there is still inuch diversity of opinion on the point as to whether B all this manipulation means that Vanderbilt is buy. ing all the stocks preparatory to closing up the rail road war, -
