New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-12-01
SATURDAY, Nov. 29-r. NJ.

Throughout tie session Of the First Board the
Stoc. Market was very heavy, aud the lower price,
were accepted with that peculiar eagerness which
indicates the expedition among tho brokers OF IA
falling market New.York Central was pariicu. arly
weak falling TO l0I on saos of but COO shares, and
finally selling between the Boards at lOUl. The
Enc shares were smartly hammered, but stood ny
under the pressure rather better than mos, Of tho
stock. dealt IT, The preferred stock especially was
-irong aud wei sustained, and bat fow lots came
upon the market. The ooaiuon sock touched 81,
Int wac back again 20 % before the close OF the
call. H. tie Western shares The dealings wero not
large bu, tho heag.Los extended 20 nearly every
thing upon ,he lisi. IT Was clearly aud unu.stak-
ably declining make, throughout the session ;
/ bar nothing Of = panic feeling marked the trans
actions, although b.ls u decline Of iSl
per o,ni accepted promptly. Soon after tho
adiournmcn, e to Board the market became still
heavier with ,alos OF Now-York Central at 1901
/ Ilud.5n River az =. SC. At lis point tho fuppot
4 tie ,hoT Interest H. and Tor the ret Of the
day tie tone wa much lrmer. AZ The Second Board
/ the dscne 4 tho mouiug was nearly recovered,
and tie bidding quite bhk through tho session.
Tho improvement vac fully fu;iainod Ia later trans
actions Lu, the market closec without much activity
Tie operations during tic past week have scarcely
served TO give True idea OF tho groa, tidal wave Of
stock speculation. a large proportion o! tho short
fal.s have been OF cash ssocA, borrowed for delivery
or cold for tie chances OF replacing u, profit toe
following day, aud gate as large pat Of tie pur-
chafes from day d. have been for account Of tho
speculAtors on the daily fluctuations. Thus, after "A
sudden decline Of q per cent. Ito mafle. has ap-
ye4sod 10 sulLer fresh strength for 10 particular
rcason-to bo followed the next oay by
a lurch downward, which seems equally without
cause. The sIongott and most influential operators
are doubt, boaiatng IS 10 future movements,
from the uncertainty Of Ito FINANCIAL policy to bc
pursued by Government, and the measures 10 DO
adopted by Congress. IL IS known that strong
efforts have been made 20 induce MIR. Chase TO al.
viso restrictions upon the ssuo OF paper money, and
is quite we'll known by stock operators that to
check paper imitation is 10 check the rise in stocks,
which axe valued by the proper standard, aud whilo
tho oy inlon prevails thai 10 abandon paper money
would DO to abandon facilities which are invaluable
to Government, il Is yes afprehendod that restriction
measures Of some description may be attempted, tho
result Of which, IL adopted may lie 10 render the
Money market more stringent, and thus lnsetiie the
paper valuation Of the STOCK market. Until this im-
porant question il Gcted upon, movements VI the
Stock Exchange must necessarily be- feyerish and
unsettled. Tire rise which has taken place during
the lsst six montLs Ia tie value OF leading stocks s
hardly realized by tho,s who DO not follow the mar
Ike. closely, bu. for large proportion Of the stocks
dealt in the advance has boon from 80 to 10 por
cent even at the quotations Of to.oay. We have
III e - II
but IL is quite evident that no advance Of suol mag
niiude could have been established except upon II
redundant, paper curroncy-1not entirely ~ Govern
ment sues, but by the indefinite expansion OF every
country bank in tie Northern htuiss added to the
paper If Government lie disturb this paper fabric,
therefore, is to unsate tho equilibrium Of tho Stock
market which ia keeniy 1enstivc 70 tho changes
aud vibrations Of tho Money market. Hence
stock operators paufe 20 know what Mr.
Chase may propose, and what tho assembled
wisdom OF the people. III Congress may do. The
paper problem wall probably set eomo ligh,
thrown upon 1t in tie following week, aud upon j,
hangs much of the immediate future of The Sock
market At !hs cloac OF tho 4ay the quotations wcro
IL follows: Demand Notes, l2l! 9l2l,; u. s. 6s
Res. 81, Io33eiOji; u. s. Coupon, 1881 aI0i;
Ircaflry Noes 49, 1881 a l0i; American Gold
l2S. asi; Tennessee Cs, IS. s5lI; Missouri a. 5lJ
G5is; PacIi; Mail 4 s., ll9dii9, N. Y. Central,
1915 al0ii, Erie Railroad, COZ a6ol; Eric Preferred
sOIG9l; Illinois Central, Nom, lIuieou River,
49, -; Cleveland nnd Toledo, c.. aCGs; RoiA iol-
and Railroad, Usa76i Galena anu Chicago, sofa
ooli Harlem Railroad, q a2ii, Harlem Preferred,
sos; Reading Railroad uia,ol; Michigan Central
Railroad, 81, 81; Michigan Southern hnd No.thern
Indiana Railroad. @s G5l do. guaranteed ~ eS2i,
Cleveland aud Pittsburgh, &c oiOi.
Foreign E2caapso closed rather lower for to-day's