The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-11-12
FINANCIAL AND COMMERCIAL.
SATURDAY, Nov. 1l-oP. N.

dency to-day AT the early session OF Tue open ooa'u
New York Central closed at 90, Erie w. HUDSON River
1904 Reading u.s. Michigan southern 'a's' Cleveland
and Pit,sburg ssk, Cleveland and Toledo lo2 Rock
Island ,o5s< Northwestern s21s preferred S. Fort
Wavpe l0s1 Terre Haute and Alton 43. Toledo, Wabash
and Western SO tsS), Ohio aud Mississippi certih
Gates 2sI Canton Az, Quicksilver As, Schhyi
XIII Coal 81. AT the first regular board there
was no change in the general features Of
the market. New York Central closed Y lower
than at second board yesterday, Erie y, Read
ing a Michigan Southern u, Northwestern u, pre-
fered a Fort Wayne I, Cleveland and Pittsburg x,
Illinois Central a Ohio and Mississippi certificates u,
Canton u. Prairie du Chen sold at $50 The hearing
of the argument in the Supreme Court for and against
the injunction restraining the latter company from
verting preferred stock into common and selling the
same in the open market, is set down for Monday
Great interest is felt in the result among the
officers of railway companies organized under the
laws Of other States, well tho members OF the
Stock Exchange generally It is contended that the in
junction in question issued upon parte state
ment OF the facts % the cornering party without any
kind Of notice being given TO the opposite party or
any opportunity being allowed them for opposing it,
This Was just what the corneng party wanted because
II involved delay, and in a of this kind time Is all
important. IL Is further commended that the grant
ing Of the injunction in question interlered
McGregor Companies under legislative acts Of Wisconsin
and Iowa, which had been assened to by the stock
holders in writing The bond given by the common
Stockholders in whose favor the injunction granted,
was for ten thousand dollars only the bondsmen being
Messrs Stimson & Read The difference on contracts
caused by the Injunction the other hand estimated
at So 400 900 Should this injunction not be promptly
dissolved the effect will be to make oor
porations formed under the laws of other States,
but having their Offices here withdraw from this point to
the protection Of the laws OF their own States Further
more if questionable proceedings, like the Prairie du
Chen corner to be tolerated on the Stock Ex-
change, there viii be safety in the transaction of
q commission business, aud speculation will be
duced below the level Of common gambling. 1t
is important that the stock Exchange, a
body should take cognizance Of this 'Prairie
Dog corner otherwise the commission business
in stocks will in the future be exposed to innumerabe
risks which no ordinary commissions will This
involves grave considerations The stock board should
emphatcally denounce corner swindes, both for the
sake of its reputation for honesty and the protection
of its business When stock like Prairie du Chen Is
run up hundred per single day it is high time
the Stock Exchange should publicly investigate and
declare the cause.
Government securities were without improvement.
Coupon vctwenties OF the issue Of 1864 were steady
The issue OF 1865 y lower; ten fortes u, seven
thirty notes u. The third series were % higher.
At the open board at O'Clock New York Central
sold at 9e1z, Erie 03, Hudson River los, Reading Is,
Michigan Southern 754, Cleveland and Pittsburg 94A,
Rock Island Is. 81 1864 Northwestern 1874, pre-
ferred 654, Fort Wayne 1903. McGregor Western q,
Terre Hau;e and Alton 43h, Ohio certificates 2s} Can
ton 45h, Quicksilver AK.
At the third open board-the holding Of which
agreed by vote OF the membersycsieriay New York
Central sold at 90 s3, Erie 92, Hudson River 1914,
Reading l141, Michigan Southern IAN, Cleveland and
Pittsburg 92zs, Rock Island 1851 Northwestern pre-
ferred "a, Fort Wayne 1921 Ohio and Mississippi
tincaes 2stz, Canton ASH.
Afterwards the street, the market continued heavy
At Eve T. NJ. New York Central quoted at 95%
esq., Michigan Southern TAI a T44, Cleveland aud
rsssssarg 92t4 921S.
Money has been in active demand today at Ger
cent call
The gold market firm. The opening quotation was
l46k, from steady advance to 1867 at
the close Loans generally made Hat
Foreign exchange dull at yesterdays rates The
export OF specie to-day aggregated $751; 900 only OF
which the Saxonia took s67 900 and the City Of Bos
ton $3.50, 900
Petroleum stocks irregular at the first board.
Pitb6 Creek closed 45c lower than at the time
yesterday, Bennehn Run 81 TO- Bradley lc higher,
Excelsior Sc, Germania &C., rnaed States 75c. New
York and Newark closed at 40c, Webster 81 65, Fee
Simple 2oc Bergen Coal and Oil Gle Palmer 81 TO- Pit
hole Consolidated So 15 Buchanan Farm &c., Brevoort
S14 Is, Oceanic 40c, Southland soc.
The mportaons OF dry goods at this port during the
week ending November compare follows with those
OF the previous wock:-