The New York herald., 1865-11-03
FINANCIAL AND CONNER cIAL.
raurpAY, Nov. TO p. n.

THURDAY, Nov. z-6P NJ
The stock market was rather dull at the early session
Of the opsa board this morning and y the ns regular
board there were large sales 70 realize partly owing 70
the report which afterwards contradiced that the
Secretary OF the Navy had ordered the ron-cads be
made ready for sea New York Central Erie and Prairie
du Cnien were strong but the rest Of the list barely
steady The closed higher than at the second
board yesterday under the continued purchases Of the
Richmond Vanderbilt and the Corning Albany parties
The immediate Of the pending contest Is the pro-
jectod change OF the eastern terminus Of the Central
road from Albany 70 Athens by the extension Of the limo
from Schenectady 70 the latter place on the Hudson
low Albany 70 and from which point the railway freight
will be carried by after the completion Of the
work. The Albany property owners arc naturally
strongly opposed TO this change, a. also Is the
New England railway interest," and hese all repre-
sented in the Corning ticket Mr. Caaunoey vibbard
understood 70 have 70 Europe 70 secure proxies in
support OF the latter Al the election takes place on the
18th Of December and stock requires 70 registered
for thirty days the Of any person who proposes
TO vote upon the inference 10 that the struggle on the
Stock Exchange will take place between the present
time and the 18th inst There several brokers
actively engaged on both sides In tho amusing
sport Of chilling stock"-that is, buying and causing
fresh transfers TO be made whenever name supposed 70
be In the interest OF the opposite party Is met win
Opinions are at present divided to the result but the
contest promises TO be q very spirited one Erie was
we'll sustained notwithstanding that the reported ar
rangement between the Great Western and Morris
and Essex and Ca,awissa roads gained credit
1t was reported that the terms OF the arrange.
ment with the Morris and Essex Company were
In tho form OF perpetual lease, the stock
holders In the latter be paid eight per cent per an
NUN after the payment OF the next dividend at the regu
lar of six per cent The total amount Of the stock
outstanding Is three millions and the bonded debt is
three and half millions The Atlantic and Great West
ern Company it is said spuate to furnish money to
complete the Morris and Essex line to Eason, Pa As
yet the road only in running order to but
the Easton is in process Of construction The
referred TO Is said not include the Sun
bury and road, the Great Western proposing
tension their line to the Catawssa from Somerset
Doubts however, freely expressed the arrange
ment having been finally concluded, and in any event,
the anticipated competition with the Erie will be felt
for a long time to
The decline in Erie the first board compared with
yesterdays second n Reading X Cleveland and
Pttsburg IN, Northwestern TX, preferred y, Rock
Island e, Fort Wayne ", Ohio and Mississippi certil
Gates ~ Canton l. Pacific Mail scrip sold at 240 Gov
ernment securities continued inactive but steady.
After the call and at the o'clock open board the
market continued slightly depressed but at the second
regular board there Improvement Of tome Quo
tations generally lower than at the close Of
the nrst board, Prairie du CHEN excepted which ad
vanced six per cent under cornering movement Gov
ernment securities dull but steady.
There was much stronger market after the CALL and
at the open board half past three Prairie du Chen
perenced further advance Of two per cent closing at
S2K showing rise Of tbrty-four per cent
since the 18th Of September. New York Central
sold at 1907 o 101H, Eric 93K, Hudson River
lo7X, Cleveland and Pittsburg soX, Reading
115H, Rock Island lo9 Northwestern 33X, preferred
68 Fort Wayne 1904, Michigan Southern 73,4, Terre
Haute and Alton 49, ~ higher than at the rst board
Ohio and Mississippi certificates fs3 29, Cumberland
43h, Canton 49,
Afterwards, the street, the market was firm.
The gold market firm, and after opening at 146
rose to l46 and closed at 1861 Loans were made by
tho borrower paying shIoo per cent interest the
currency, and in some cases much as 1872
paid by weak parties This increase OF nrmness was
owing TO the ironclad report which unsettled the
stock market. the demand from importers for customs
duties well speculation for rse being stimulated
by the apprehension Of possible but extremely impro-
bable contingency.
Foreign exchange moderately active at yesterdays
quotations
Tho principal items Of the public dobt
as It stood on the 3lst Of October
were eIegraphed from Washington this afternoon The
total shows decrease OF s. o6l, compared with
the statement dated September 81 The debt bearing
insest coin has increased 50 479 500 owing 70 the
funding operation and the compound interest
notes have decreased 50 600, 900. Tho and two
years FIVE per cent notes have decreased $73 Tho
debt bearing interest has increased SO but
the debt bearing interest in lawful money has decreased
Sos asa which 10 also almost entirely owing to the
withdrawal OF the compound interest notes for funding
The specie in the Treasury shows an increase Of
1885, but the currency has, according to tho figures
telographed undergone decrease OF $22 ass $40 Tho
following presehs q comparison OF the principal
totals