The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-12-12
FINANCIAL AND coMMlRciAL

MONDAY Decl1-o r. M.
The stock market was firm at the eariysesson OF inc
open board lhis1nornng but al the nrst eguia' poa
was dull and quotations were shade io"e ro' "asAe
closed u higher than at the same umf on oA'u,uay'
Quicksilver !. Reading l. The advano in the latter
was due TO the prevailing expectation tat the company
will Immediately declare ten per cen cash DIVIDEND
On the other hand IL reported that ii las assumed Inc
entire interest OF largest holder Of ats own stock-a
well known English capitalism thu East fennsyf
vania Railroad giving Reading for the dher sock az par
Considering that the East Pennsylvania stock mas hao no
market value for long time past AID that 'nc roao
of questionable advantage 10 the Reaang iine argued
that the arrangement is much more penehcai 70 the
English capitalist who enjoys controhng interest Ia
Reading than II is to the last named company 10,
however claimed that opens the way for extension
to Washington. Erie was b lower, Michigan Southern
Y. Cleveland and Pittsbwg ", Northeastern y,
pr.erred x, Ohio and Mississippi certificates ~ Cnai
berald " New York Central, Hudson River aud FRA
rie du Chen were unchanged Government securities
were firm Coupon fve-twenties Of the old issue were
u higher, seyen-thrty notes of the second ana 'na
series q. FWe-twsnties of the 1856 issue were %
lower
The regular board held public season at one ocock'
an experiment. while the open beard held ts own as
usual There is evidently strng spirit Oh nvaly
sprngng up between the boards, when Is hkey W
lead TO large concessions being made by the regular ooau
in favor of the public But made mistake, which IL
will probably 1t some future time correct In selecting
the second floor Of the building for its board room,
which makes itNeyen more exclusive than before In
order to absorb much of business which is now trans
acted at the open board il popuarze ITSELF and the
eectua step this direction would be the removal
OF the board the ground floor. The members
SHOULD operate within an enclosure, and the public upon
paying hundred collars year, should be admit
led places outside the railing and to each OF the four
galleries which could be easily built at the sides Of the
hall The Stock Exchange would then be easy Of access,
and invite and control business to much greater
than is possible under the present arrangements
up stairs.
There fair volume Of transactions at both boards
In the railway list Reading the weakest selling at
1l6A, and among the miscellaneous shares Schuykll
Coal was the strongest, selling at 13H.
At the regular session of the board at hapast two the
market duh Erie closed Il higher than at the first
board Michigan Southern a. Cleveland and Pittsburg -,
Northwestern Is, Fert Wayne II. Reading was l per
cent lower Northwestern preferred x, Hudson e, Mari
posa preferred a. Government securities dull but
steady
At the open board at hatf-pas three Reading declined
TO 115X but the rest OF the list steady New York
Central closed at 96% Erie s2sS Michigan Southern
743s, Cleveland and Ptsburg 93h, Rock Island 1864,
Northwestern 35x, preferred 62S Canton ASK Schuyl
kill Coal 10. proposition to admit the public to the
floor of the open board after each call submit
ted to the board and is to up for consideration to-
morrow.
Later, the street, Eric advanced to o. and other
stocks remained steady but the demand was stronger
and the bears showed less disposition to hammer the
market. There is a contest in Pittsburg which will
probably last till the books OF the company close on the
18th inst
Money was quiet, and borrowers were promptly &C
commodated Mt seven pcr cent. The bank statement
is favorable than generally expected The
only important change, however, is an increase of
than millions in specie, consequent upon the
sales Of coin certificates by tho SubTreasury The
totals of the compare thus with those Of last