The New York herald., 1865-11-05
FINANCIAL AND COMMERCIAL.

sArrRpAY Nov. 4-0PM.
The stock market was heavy the early session Of the
open board this morning. the unpropous weather and
apprehensious OF cholera visitation having danpened
snecu,ave aror and induced host OF timd persons to
realize New York Central closed the call at l0lK,
Erie ssx Hudson River lo7K, Reading ia, Michigan
Southern 72,s, Cleveland and Pittsburg S0X, North
western a2,, preferred e5 Rock Island lOs Fort Wayne
1os Prairie du CHEN Il. lo) 90, Tere Hsute and
Alton Is 81 49, Ohio and Mississippi certificates 20A,
Canton a. Al the Arst regular board there were
large gales 10 realize and prices yielded the call
slightly, with the exception Of Prairie du Chen, which
closed three per cent higher than at the second board
and Ohio and Mississippi certificates Y. New York
Central was TX lower Erie x, Reading 1k, Michigan
Southern " Cleveland and Pttsburg Y, Northwestern
TX Fort Wayne 1X Alton and Terre Haute 4, Cumber-
land X Canton u Quicksilver was unchanged. A.
lantc Mail sold at IA Toledo and Wabash declined
frpm 52x yesterday afternoon 70 46 blO Government
securities duh but steady.
After the call Mr.. Seymour proposed that
the Board to It's old system Of holding second
session on Saturday. the ground that the absence OF
such diverted businso the public board and - they
had 10 keep their Offices open during business nouIs On
Saturday alike with the other Ave working days Of the
week. nothing was gained by the omission Of the second
board. Mr.. vermlye opposed the motion, and stated
that early closing the last day OF tno veok
was becoming moro and moro general ana
that although the brokers Offices werc Kept
open during Saturday. most Of them transaccd no no"
business after two O'clock that tho members o. sne
board worked hard enough, and made money enough
DURING the rest the week. 70 enable them 70 dispense
with the second board on Saturday, ana tnas IL was
q relief which they ought not to deny themselves,
rather excited discussion, lasting for few moments
onlv. followed. when the question was decided by
txaiu0 In favo of tho mo 0tin0
for second board and ninety -four against 1t. At
the open board at one o'clock the market frac-
TON lower but steady Prairie du Chen excepted which
rose 10 lO7 under the mysterious and questionable mani
pulaons Of the cornering party and afterwards, on
the street. further advanced to liz u.s. 30 cent
higher than at the opening OF the first board yester-
day The CLIQUE now handling this stock, the
whole OF which amounts to only twenty nine
thousand shares, represented by $2,ss8,073, is
not the that began the movement The
first clique sold out at good profit, and then the
stock board took up after which the present engineers
took hold of it. Is matter of surprise to many that
the high price which has been selling laery should
NOT have called the stock in the hands Of investors
in sufficient lessen tho power of the clique
over it; but this is accounted for by the fact
that the stock is held in Wall street to q
much larger extent than is generally supposed The
stock nondivdend paying and actually worth
than when IT sold at 49, on the 18th of September last
but by skul deception the part of the clique, in
oaning II out to make 1t easy OF delivery for the
bears the hitter decoyed into selling It Short and
now, when the stock is called in, those who
sold 1t anl borrowed TO make their deliveries
are sorey bitten. The short interest in the
stock is not very large, but the object Of those
cornering it is mako their profit out of few victims
and hence the absurdy high figures which they have
run H. In addition TO the common stock OF the road
there is 753 500 OF first preferred and 900 Of
second preferred and S443o 900 OF first mortgage bonds
The fluctuations in the price OF the common stock be-
tween the end of 1860 and the beginning of 1885