The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-11-04
FINANCIAL AND COMMERCIAL.

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FRpAy Nov. SIS n.
Tue stock market has somewhat Irregular but on
The whole strong to-day At the early session OF tho
open board the volume Of business was not large and
Erie sold at s3sS. Reading ll6 Michigan Southern 1874,
New York Central lOh, Cleveland and Pittsburg 81 u
Northwestern a. Prairie du CHEN s4s, preferred oo1
Fort WAYNE 1906 Ohio and Mississippi certificates
AT the first regular board there increased activity
and New York Central closed a higher than at the
second board yesterday, Erie u, Hudson River q,
Reading y, Michigan Southern 4, Cleveland and Pitts.
burg ~, Northwestern u, preferred y. Fort Wayne
& Prairie du Chen Az Ohio and Mississippi certificates
81, Quicksilver s. Alton and Tcrre Haute a. Morris and
Essex sold at par Government gold bearing securities
fraction hrmer under tho London advices report
ing hvetwenes e4H u. The old issue of the latter
advanced u new u.
AT the open board at O'Clock the market gene
rally drm and Prairie du Chen experienced a further
advance 81 Toledo and Wabash also rose from 40
so Al the second and regular board the Market which
had been previously rather unsettled became steadie
but the current Of speculation mainly upon the mis-
celaneoas Western railway shares which not gene
rally much dealt in. Prairie du Chen closed the call
at o. showing rise Of eight per cent upon the morning
price. Toledo and Wabash 52h, or 12h higher; Alton
and Terre Hautc Sax. two per higher New York
Central, Erie and Reading unchanged Michigan
Southern X lower Cleveland and Pitisbug u,
Northwestern l. Fort Wayne IL, Quicksilver q,
Ohio and Mississippi certificates n. Government secu
rites were inactive and coupon hvctwenes declined ~
At the open board at halfpast three the general
market firm, but Prairie du Chen declined to 90 and
Toledo and Wabash To ST. Thcre was a steady demand
for Ohio and Mississippi certificates, which sold at 2s
aud after the call at 80 The latter expected by their
holders follow the wake of Prairie du Chen and
similar Western stocks but this speculation may be
Ney yurk Cent n
aazs Hudson Railroad 1851, Reading 1885, Michigan
Southern 10 Cleveland and Pttsburg S2t Rock Island
1855, Northwestern 32sl, preferred 65H Fort Wayne
1854 Anerward the market closed firm portion Of
tho list, New York Central, Erie. and Ohio and Mssis-
sppi certificates being the strongest and shade lower
the ros.
The recent movement the Chicago Northwestern
stock to have subsidized the transactions
beng limited and the quotations lower but the preferred
stock remains comparatively firm under the recent
port which favorable to the latter than the for
The report states that the company has now in
operation nine hundred and twenyone miles of railway
OF which the following table furnishes the details
Miles
Chicago to Mississippi Dixon air nc 1873
Junction TO Freeport (Freeporl line). 81
Bcvidere TO Madison MADISON line. ............ 90
Elgn to Richmond, incl NJ branch from main line
(Elgn and State inel. 10
Kenosha to Rockford (< nosha and Rockford lne) 10
Escanaba to iron mines Peninsula lne. ......... 70
Mssissipp river to Cedar Rapids chicago, Iowa and 90
Nebraska Railroad pefpct ally lcascd) ~
Cedar Rapids to Boonsboro Cedar Rapids and MISSOURI
River Raroad). .l22
Total .e21
The length OF lines not yet built is thus stated
Green Bay to Escanaba 10 connect the Green Bay and
Boon,boro 10 Missouri river to connect with Union
Pacific Railroad.
Total 24O
Ait Of the original 60 2s4 shares of Galena stock says
the report, have been exchanged, except 1882
shares and Of that number Az shares have assented
the consolidation leaving bu, l. 4l0 shares which have
fully consented aud approved it, and many OF these
held by heirs trustees and foreigners have not been in
condition to do So
The money market is generally reported to be easier
and Ia very evident that large amount Of money is
being offered 10 the bankers the Stock Exchange by
outside parties whom per cent for loans call
constitutes strong inducement FOR the employment Of
their surplus funds The return flow from the interior
continues exchange upon New York al Chicago be-
ing ITO premium selling and packages Of currency
sent from that point eastward daily. This keeps the
money market in the West active but there are far
no complaints Of stringency.
The disinclnn,on invest in discounts continues and
only prime pass at per cent while fair sigma
:os employ their money call is stimulating spccu
7,ion for rise the Stock Exchange and giving
coursgement TO cornerng parties; but, considering
that the latter deliberately play with loaded dice to fleece
tbs unwary, the morality Of their transactions is very
questionable and in the estimation of some Of the most
reputable members of the Stock Exchange amount to
nothing short Of piracies to defraud Apart from
these bubbles which collapse the general ten
dcncy Of the market under present circumstances is s
upward
Gold opened firm at l46SS and advanced to lat The
bulls tried TO stimulate II higher point by talking
onousIy OF the reported order Of the War Department
20 stop the sale OF army wagons but this and the iron
clad report were attributed supposing them true
OF the administration be prepared against
any sporadic Fenan movement upon Canadn, this i'm
preston being at the time strength
cned by the correspondence from Canada, pub.
ishcd in the HERALD this morning, stating that
i've regiments Of British troops were shortly expected TO
arrive at Montreal their way ~ Upper Canada TO
guard against Fenian demonstration upon the province
during the winter, Of which design a member OF the
Cs2adian Parliament said IN speech delivered on Sun
day last, positive information Ind been received The
proc Afterwards fell OIL li6s and closed that quo
tation
Foreign exchange is firm, but not very active although
the causing considerable purchases
by importers who have been dcfcrrng their remttances
Bankers sterling sixty days is quoted at 1os 100,
and il0A at short sight.
Petroleum stocks active and strong ut the first
board. Bennehor Run closed at 81 20 higher than at
the same time yesterday, Brcvoort &c., Montana Soc,
PhoIe Creek 81 rs, United States 35c., Webster &c.
AZ the second there further general advance Of
IT.. CSC. Bennehor Run closed S14 Bradley 81 Is
Pee simple zoe, First National sec Oceanic &c., Pit
hole (which was very active STA TO- Iyanhoe 81 20,