The New York herald., 1863-11-14
FINANCIAL AND CONNER ClAL-.

FRIDAY. Nov. 1876 2. M.
The stock market commenced buoyant this
morning, and healthy rise was looked for long
before the opening Of the board. New York Cen
trail sold at the commencement at 1907 (the same
as at the second board yesterday, advanced to
ISL on the call and in the board room afterwards
to 1929 Erie was sold from 10l to l02 on the
call, against 1oI 1917 last evening, and closed
at lOs Harlem advanced "a, Michigan Southern
"a. Cleveland and Pittsburg ~. Hudson River l.
Chicago and Rock Island TX, Pittsburg and Fort
Wayne 2H, Michigan Central ~, and Illinois
Central TX. There was still further rise at the
second board. As compared with the sales of tho
first Eric went up lss, New York Central 2. Har'
lem q, Michigan Central l, Michigan Southern
guaranteed 4, Cleveland and Toledo l, Quicksilver
Mining Q l.3, Hudson River ~, Illinois Central
iss, Galens and Chicago ~, Milwaukee and Prai.
rie du Chcn s1,, and all others from Il to "a. The
rise continued up to the close Of the last session Of
the public board, and even afterwards, when New
York Central reached l3414, Erie l04I, and Iii.
nois Central 1lsH.
The money market to-day exhibited cheerful
aspect, and gave promise Of more ease and quiet;
but confidence will not be fully bshed until
the opening Of the coming week, when If matters
do not take another unfavorsble turn. which is not
in the least anticipated, we shall consider tho
crisis as over for time. There was no immediate
necessity for the stringency that has attacked tho
money market for the last ten days, and if there
had been, it is averred that the Secretary of tho
Treasury nigh. have rendered relief by issuing
the interest. bearing Treasury notes. which no
doubt is correct opinion. These new notes are
now very much needed TO take the place Of the
1aI Ia nd ha
spreads them over the country from his printing
office in Washington. the better will the people be
satisfied.
Gold opened at an advance on yesterdays
prices, and before noon reached liI;. which was
not, however fully maintained, and IL soon fell OF
to "a. In the afternoon it began to decline, and
closed at 1867, which is lower than the price Of
the previous evening.
There IL q controversy now going on, between
parties in the interest Of the Harlem Railroad on
one side and the supporters Of the Hudson River
on the other, which was foreshadowed few days
since in q paragraph published in these columns.
announcing that movements on foot which
might render it desirable for every shareholder in
the New York Central road to retain control Of his
vote Cor some time to come. II appears that an
attempt is to be made by a party, headed by
we'll known broker. who wieds an influence in tho
management OF the Hudson River road, to
change the managers Of the New York
Central, and overssueh Erastus Corning. the
present President. for the purpose of per-
msnently retaining the connection between the
two lincs The Vanderbilt or Harlem party op-
nose the movement, for the that the present
mana cement favor the forming Of business con-
nsc.ion with their road. The opposition Is power
fu and will not easily be overthrow. The Har'
emites can manage the assailsnts in this locality,
while Mr.. Corning, with his vsst influence in tho
middle and western parts of the State, has = de.
cided advantage, and his power Is rendered. still
more formidable BY the European proxies. which
he holds. The controversy Is becoming very in
teresting, and no doubt before the sthfof Decem-
ber, on which day the annual meeting tskes place.
IL will have become quite exciting.
The seport that the new fraction al currency ID
"a be withdrawn from circulation, on account Of
the severe criticism IL has been ubject 10. needs
confirmation, ,snd will probably turn out false.
Over one hnndred thousand dollars of the new
issue has already been put in circulation.