The New York herald., 1864-03-16
FINANCIAL AND COMMERCIAL

TUESDAY, March l5-o p. n.
ns stock market exhibited more nrmness this morn.
ing and the rise yesterday afternoon fully
saincd Compared with the quotations the FIRST board
Monday, New York Central advanced ~ Erie Railroad
~ Ere preferred Hudson Fiver az Harlem A. Read
hs az, Michigan Central AZ, Michigan Southern s,<,
Illinois central g. Cleveland aid Pttsburg Gaena and
Chicago lk Cleveland and Toledo l5s. Chicago and
Rock Island 8, Milwaukee and Prairie du Chen So,
Ptlsburg and Fort Wayne 81, Alton and Terre
Hante q Chicago and Northwestern q, Pacific Mail 3.
Cumberland Coal 3&, Canton Company So, and Quick
slyor vinug 2. There slight falling OF on some
stocks IN the afternoon but the market, the whole,
comparatively steady. At the second board Hudson
River roved per and Cleveland and Pittsburg
AZ The following were the closing lotations:-Erie
Railroad l23 Hudson River Is I-l deeiuc OF IL from
She sales boafd-Cevelani and PiItsburg
iaIH Harlem i47z, Readiag 1879, Illinois Central
x3ek, Michigan Central ls1,4 Milwaukce and Prairie du
CHEN 73z chicago aud Northwestern 631s, Galena and
Chicago l1s Cleveland and Toledo 1is, Michigan South
ern losz. Cumberland Coal s256, and Canton compa-
ny GO.
Az an evidence Of the wild speculative spiri. that Is
sown the market, only necessary 10 LOOK at
the the shares Of the Canton Company and
ii the present anrospcctve condition Of that corpora
zion. The company chartered by the Legislature OF
Maryland thiry-sx years ago. and u iuauguraed the
great speculative bubble which ruined many
nnail capitalists durius the few years which succeeded
fts organization IL Is literally land company, and its
property consists OF about two thousand acres located
branch Of the Patapsco river within tho corporate
limits OF the city Of Baltimore tie stock uas
placed On the list of the Board Of Brokers
in this city about the year 1880, at the par Of
sls per share ana snce tha, time Il has Auctuaed n
price between % and s237, being always by
raos and the influence which could be brought 10 bear
ypoa ID by the various speculative cgues. II has been
potorious % q fancy gambling stock--never having
pld a cent OF diviGend-its officers, Of which sup.
ports tho usual number always managing 70 make the
.nnual expenses very nearly balance the receipts lie
stock Is selling NJ 65.
Gold was Influenced to-day by the impression that The
surplus resolution, with the sena;es amendment,
would fail In the House. opened at l6l;s, and by ten
A. reached 100, whicn Il reccdcd 10 l62s, and
shen rallied seaip l0s In the afternoon the premium
vas shaned between 50 and 6s during Of the time
but hnaiy fcn TO cox
We have received pamphlet recommending the con
sodaton q The of brokers and The various
ssockohboTS meetings one daily gathering on the
pcps ~ The Corn Exchange aad the froduce Exchange
We are nos prepared 70 give an opinion upon the feast
bsiv Of this plan but Of one thing IN relation
thereto We are convinced, and that IA tna,
sAe system Of having tive boards or brokers.
each hoi6tne two sessions day with what IA called
shs Evening" Exchange In Frth avenue, NE .bcfore
pcards ana the aftor boards Including The rroceeo
yprs 10 that papdcnonium which denomins,ed the.
.ooal holc y form together abomnabIe Nuisance
calling for Immediate reform me dignity of wsn street
and all pretence 70 etiquette ami eontlemanly bearing
save been driven away and the meetings during
tho day can o8ly be c.ggDed v The eosns boars o.
Donnrtrook ian