Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1865-10-06
MARKETS By TELEGRAPH.
OUR MIDNIGHT MARKET REPORT
Special Dispatch to Western Associated Press.
NEW York, october 5.

"
Especial Dispatch to Western Associated Press.
NEW YORK, October 5.
STOCKS.
The excitement in Stocks was maintained with
spirit, and the transactions at the morning session
exceed those of any previous session. The move
ment extends to all railroad stocks ON thu list, and
apparently with little aid from %cliqucs. The de-
lnhnd is very much open to outside orders, but
prices 10 not appear to have yet reached a point ut
which specuIatOrs begin TO grow tiniid, and they
seem likely to 60 still higher before a reaction sets
in. Activity in Erie increases orders from Euro
pean buyers, but whether for shipment OF to inhu-
ence the coming election, officers do not appear
certain. The price advanced2 ~ with sales Of 4, 100
shares; Late buyers Of Reading appear selling
ont. The sales were 1890 shares, a good portion
ON sellers option of ten days. No change in ono
t9kons. Chicago and North Western was being
run up by a clique. Common stock advanced -,
and preferred %, with large transactions in both.
Michigan Southern continues the most excited
stock on the list. Sales at the Board amounted
10 1880 shares, and the price after opening was
S314; closed firm at S24, an advance Of 81 On tho
closing price last evening. A good line of shorts
running 80 TO 60 days was put out. Cleveland and
Pittsburgh was strong under the operations Of
western combination. The price rose ~, with
sales OF 1850 shares
Governments more active, and rather frmer.
State and Bank stocks sympathize with the gen-
eral Improvement.
AT the Second Board the market was firm ON
Erie, Central and Pittsburgh, but other shares
were generally a little lower. MeGregor Western
rose to 2P%, and Quicksilver was the card among
miscellaneous shares, aud sold up to 50.
After the Board there was renewed excitement,
and higher prices on Railway shares. Erie sold at
90; Old Southern and Pittsburgh at s..
At the last Board the market vas active and
strong. There was great excitement on Pittsburgh
aud Rock Island, the latter closing at an advance
Of l per cent.
The following were the closing prices at 4.30 p.
NJ: New York Central, 9T%a9756: Erie a21Za93;
Hudson ll2all21s; Reading HIS, Michigan Sonth-
ern S41&aSi5S; Cleveland & Pittsburgh SFt{ae4Tz.
Rock Island uO5saIl054.
The failure Of George +. Salter was announced
on the Stock Exchange to-day. He was short Of
stock, among which was Michigan Southern.
MONEY.
The demand for money is more active. The rate
for call loans is somewhat dearer and 6per cont
was generally paid to-day. The supply. thus far
il equal to the demand and there is no stringency
in the market. The paper Offering disconnt and
rates are trmer, Z to 10 per cent, and even II per
cent IS asked for some cotton bills, which, under
the present high rate of cotton is regarded as a
risky investment. There is percent bic increase
in the supply Of cotton and product bills, while
mercantile paper is quite abundant. The CONVEX
sion loan does not progress as f~ayorably as was ex-
far is $1,000, 100.
GoyERNMENTss
compound notes less active and prices lower june
lh}15; December 162L.
Government securities dnlL
: Sterling ENcgange in demand, and Bnnkers bills
hrm at lO9H9ll0. The recent purchaseso OF cotton
Tor export, made more bills but the supply Of COM
mercial signatures is not equal To the demand In
view OF these facts Bankers are selling against gold
to a certain extent.