Finances in New York.
New York, Nov. 17.--Several of the banks have proposed to discount $1,000,000 of sixty day bills on Brown
& Bros., to be used by the latter to purchase sterling bills drawn against produce now useless for want of purchasers of sterling bills.
Forced sales of sterling for Atlantic 1a2 per cent, premium.
The market is unsettled, but relief is expected if the negotiations with Brown
and others succeed.
Money is worth 12 per cent, on the best double paper, and 18a21 per cent, on good single names.
New York, Nov. 19, P. M.--The Banks
as yet have failed to agree on any plan to relieve the exchange market, and exchange is nominal.
Bank shares, State and Federal securities are seriously lower — U. S. 5's were offered to-day at $97 without bids; last week they were quoted at $102. The weekly City Bank statement is as follows:
Decrease in loans $2,365,000.
Decrease in specie $1,661,000.
Decrease in circulation $282,000.
Decrease in deposits $2,835,000.
New York, Nov. 19.--Sixteen of the principal Banks
to-day agreed to purchase two and a half millions dollars of sterling exchange bills for the benefit of the holders of produce; and also to expand their discounts five to six per centum over the costs for the present week.