The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-11-23
FINANCIAL AND CONNER IAL.
"WEDNESDAY. Nov. 22--6 p. \


INA x,.,x ,carket has shown increasing strength and
activity and the Indications favor further gen.
eral rise OF prces At open board at O'Clock
New York Central sold 81 Erie sl7S, Michigan South
srp 7ss< 7eX Cleveland aud Pittsburg "a Rock Island
iOsss Northwestern 3sa5, Fort Wayne 1919, North
western preferred 66ss Mariposa 49, preferred 1881
X At the first regular board New York Central closed
Il higher than at the second board yesterday Michigan
Southern ~ Northwestern u, preferred q; Rock
Island u, Mariposa IL, OHIO and Mississippi
certificates u. Fort Wayne u lower
Cumberland u. Erie was unchanged Mariposa pre-.
fered advanced ~ selling 1875. Government secur
ties were dull and barely steady There q sale OF
Ninth National Bank stock at lo4 and OF Central at the
same price,
AT the open board at O'Clock the market was
without material change At the regular board IL
was firm. Michigan Southern closed !. higher than at
the first board Reading y, Cleveland and Pittsburg a
Northwestern y, Northwestern preferred a. Fort Wayne
u. Rock Island and Ohio and Mississippi certificates
were steady. Erie Y lower, Mariposa " Atlantic
Mail sold at l34 Government securities continued dull
and inactive
AT the open board at past three the market was
nrm New York Central sold at 81. Erie ok. Hudson
River 1885 Rock Island 1882. Reading li45s Michi
gan southern u.s. Cleveland aud Pit'sburs s4 North
western Ss's preferred IS 6o& Ohio and Mississippi
AN, Senuylk Coal 4, Mariposa Az, pref FRED iss
Afterwards on the street, the market closed steady
Money easy supply at seven per cent with ex-
cepaonal transactions six and this together with the
prospect Of continued ease, exerts reassurng
effect upon the operators the Stock Exchange The
long neglected miscellaneous stocks Ike Marposa
ug the attention Of spectators ON account OF
their low price and the consequent facility with which
they be manipulated The copper mining stocks are
inquired for limited extent owing to the bio kade OF
the Chilean ports by Spain temporary stoppage
Of the supply of metal from that source The war with
rhie may stimulate the development of the mines in
The Lake Superior region, as it has already ad-
rauced the price of copper in the open mar
tet and impaired upward impulse to the
Hocks OF copper mining companies here; but the pre-
liabilities in favor OF the blockade OF the ports
[erred being raised before the supply on hand in the
United States elsewhere is reduced low enough to
excite apprchensons of scarcity.
There is nothing in the present condition OF affairs TO
check speculation for rise in railway and miscellaneous
shares excepting the dstrst OF the bulls themselves and
the desire TO realize at short intervals as prices
ascend Just now they gaining confidence and move
with little boldncss than distinguished them last
week The cqucs in Marposa, Northwestern common
and Michigan Southern taking the lead but increased
activity is likely to characterize the entire market II
matters less than Is generally supposed outside OF Wall
street the real value OF stock may be in estma
ing whatits probable rise will be under speculative
movement. nearly worthless stock is often
selected by "bull' party, both with the view
OF eutrappng sshorsn selling out higher figures
In proportion the original cost than would be possible
with q sound regular dividend paying security. The
present temper OF the Stock Exchange leans much more
TO the bu' than the 'bear' side of the market; and
no matter what arguments are what sites
oh.
their real value speculation the aggregate is not
20 be directed from Its upward course save under
monetary pressure or voluntary turn in the
tide of speculation itself caused by apprchcnsons OF
fall Special causes affecting Individual stocks may,
however. work otherwise.
The flow of currency from the West continues,
and corresponding current from the South is already
sensibly felt Exchange at New Orleans New York
had the 18th inst. to u Il premium, and at
Chicago 1t rules firm at par buying and ITO premium
seling The discount line remains firm at a per
for first class commercial paper, with exceptions at
2, and 10 a IA for the second Glade.
Gold dull and steady The opening price was
heys followed by advance of a. decline to 1862,
pad a recovery the close lat Loans generally
hadc at per cent interest in favor OF the borrower
Foreign exchange dull but firm at 1855 109
br bankers bills at sixty days The total exports,
exclusive OF specie for the week ending on the 2lst
INST. little below the currency valuation
OF the few previous weeks and compare thus with the
corresponding week last year.
1854 81 S45 104 1866 S. 022 $50
The internal revenue receipts show decline from the
high pont reached short time ago according TO the
following returns of last week
Monday. 81 "a 90S Thursday 1912 0S5
Tuesday S44 271 Friday 500 liz
"Wednesday. $50, ss4 Saturday ......... 800 lao
The total received since June 90 1865 s14i COL s44
Petroleum stocks fairly active. AT the first
board Pithoe Creek closed Toe. higher than the same
time yesterday Fee Simple &C. Excelsior lie, Palmer
Petrolesm l5c. New York and Newark was &C. lower,
Oil Creek &C., United States 81 - Gunnell Gold Csc
The OF the list steady At the board
Pithoe Creek closed zoe lower selling SIS United
States lie, selling $23 So: Bradley &C., selling at ST.
United Pet Farms sc. higher, selling at Soc Excel
11c selling at ST. Oil Greek sold at 81 49, Webster
81 IS. Gunnel Gold 81, Kip Buell. 81 25,,soutbard
70c., Rynd Farm 6sc, Montana IS u.s. Manhattan 34c.,
Cherry Run 1ec., Buchanan Farm 65c
Mr. Charles stebbns, OF the ilrm OF II. G. Stcbbns h
sons has been elected member Of the Stock Exchange
Tho business at the sub-Trcasury to day fol
lows
IOthi reccfpts .<SSiZ4iO
Payments !4s!os0
balahcc o., 5i4sZv
On account of government loan. ........... $4,000
Sou certincatcs.. bZ9,ooO
Stock Exchange.
"WEDNESDAY Nov 22-10:30 A. M.
31oooouses IS 2oc, 90 1o2 20 shs YCcn'l RR PIX
do ge.Il IN do