The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-11-14
FINANCIAL AND COMMERCIAL.


MONDAY, Nov. l3-6PM
Tho stock market opened weak this morning, and at
the early session OF the open board New York Central
cold at o. Erie 91h, Hudson River lot. Reading
ll4k. Michigan Southern "a, Cleveland and Ptlsburg
co. Rock Island 1864, Northwestern s2k, preferred
e4x; Fort Wayne 1925, Canton Az, Cumberland 42h.
On the the market afterwards heavy, but
the first board there fractional Improvement New
York Central closed Y lower than at the same time
Saturday, Erie 2, Reading u, Michigan Southern ",
Cleveland and Pttsburg 81, Northwestern ~,
preferred Y; Rock Island q, Fort Wayne TX,
Canton X, Quicksilver u. Alton and Terre Haute and
Ohio and Mississippi certificates steady There
transaction recorded in Prairie du Chen but the
stock offered at par and 80 only bid The argu-
ment for and against the injunction restraining this
company from issuing common stock was not heard
to-day In the Supreme Court Judge Clerke re-
fused 10 hear it, except in the order Of the
calendar and referred the counsel Judge Suther-
land. who granted the injunction. Counsel hercupon
conferred with the latter who took the papers in the
case and promised 70 review his action in the matter OF
the injunction tomorrow. Atlantic Mail sold at l3S.
Government securities continued depressed under sales
by outside parties requiring the proceeds for active en-
poyment The absence OF improvement In fvetwenties
on the1ondon Stock Exchange, indicated by the quo
tation Of IS o. on the I'd tended towards increased
heavness rather than otherwise The issue OF 1886 was
y lower, thirty notes Of the second series y,
third series r.
After the call there was further general weakening Of
the Market but the open board at one O'Clock sudden
rally and particularly Pittsburg occurred Now York
Central TO 95, Cleveland and Pittsburg 91H Erie
sOx, Hudson River 1O7 Reading max, Michigan South
TAN, Rock Island 104, Fort Wayne l02A. Subse-
qucnty Pittsburg advanced "a and old Southern to
ri
New York Central closed higher than at the board
Erie " Michigan Southern n, Cleveland and Pittsburg
Az, Northwestern a. preferred 81 Rock Island l, Fort
Wayne Y, Ohio and Mississippi certificates u, Cumber
land u, Canton /. Par bid for Prairie du Chen.
Western Union Telegraph sold at 90 after the call.
Government securities dull Coupon FIVE twentes
Of the old issue higher The rest of the list was
steady
the open board at half past three the market was
without material change. Erie sold at 91h, Hudson
1917, Reading 114A Cleveland and Pittsburg 93M,
Northwestern SO, preferred 65M Fort Wayne 102A,
Canton As Michigan Southern 75h In speaking of the
issue Of the stock OF the latter road in this
mornings paper msprint made say that the COM
pany willing to settle with all the guaranteed stock
holders the basis of IL 40 per in stock
and IS per cent in cash for such share of guaranteed
stock 1t should have been lao per cent
motion was made at this board to strike Prairie du
Chen out of the list; but it opposed on the ground
that would be doing injustice to the company, and
the subject dropped.
Later on the street. Erie to ok 90 under the
later London advces by the Belgian reporting the stock
at 81 54 or per cent higher; Illinois Central at So
80 u, or per cent higher and fve-twenes 63Z o.
a higher. The rest Of the market was firm at the
close Michigan Southern being active at 75A and Pitts
burg at 93 o. The disposition to realize and put out
gave place to opposite state Of feeling in
the afternoon the recovery OF the market being
FASTENED by the large purchases of Cleveland and
Pittsburg which made at the one o'clock
board. The dstrust which had before induced large
sales sensiby abated with this turn OF the tide, and
opinions generally favored higher market The bank
statement for the week assisted this tendency, the
turns being more favorable than expected. The
loans show increase Of s3,ss0, GIL, owing In
part to deposits at the Sub Treasury tenn
porary loan. The legal tenders have increased
$l35 100, and the deposits $500, 76s, showing
that there has been return flow OF currency
more than equal to the outgo This corresponds with
exchange the East at Chicago being at ITO premium
and the dminution Of the drain southwark The specie
is reduced ST. oe7 owing mainly to Withdrawals for
customs duties
Loans made freely at per cent CALL and
the supply generally reported fully equal to the de-
mand The latter limited from the railway side Of the
Stock Exchange but large in proportion from holders Of
securities The discount line not very active
owing considerable portion Of the commercial paper
being unmarketable, unless among the 'note shay
ers' at high rates Prime signatures are quoted at
per cent and the second grade at 10 a IL.
Gold was firm, the market having opened at 1867
and declined e, after which II advanced TO 1471S
and closed at 147 147h. Loans were generally
made without interest. Mr. Van Dyck the Sub Treas
urcr, received from Washington to-day the gold GER
tidcaes Of the denomination OF hundred dollars,
completing the up i've thousand, and he intends
TO commence the issue OF the on the deposit Of
during the present week.
Foreign exchange moderately active and bankers
bills at sixty days quoted Mt 10sx 1857, three
days 109z 110A; Southern bankers bills, without city
endorsements los 1881 merchants bills 1884 "a.
Petroleum stocks fairly active. At the first
board Phole Creek closed SOC higher than at the
time on Saturday. United States 81 TO- Fee Simple 7c,
BennohoG Run 81 90 Webster was l3c lower, Oceanic
L. Buchanan Farm &c. The rest OF the list was steady
AT the second board Pithoe Creek closed 35c higher
selling at s14 15 Fec Simple ic, selling at 3lc Bcnne
hon Run lOc., selling at SIC 80. Buchanan Farm was
roc or &C. lower First National sold at o7c., Oceanic
a7c United States s26 4o Webster 81 49, Bradley 81 H.
Central $2e Germana &c, Southland Soc
The following figures compare tho last weekly state
OF New York associated banks with the returns
,r,lo