Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1865-10-05
MARKETS BY TELEGRAPH.
OUR MIDNIGHT MARKET REPORT.
Special Dispatch to Western Associated Press
NEW YORK, october 4.

Especial Dispatch to Western Associated Press.l
NEW YORK, october 4.
STOCKS.
Stocks took strong upward turn at the morn,
ing Board. Tine market was strongly reinforced
by outside speculative Cfdersi and transactions
were perhaps larger than at any session duHng
the year. Sales Of Erie amounted to 6,4-V shs'ss,
The certainty Of a negotiation Of loan In London
on TERMS deemed favorable strengthened prices.
Reading was offered freely FIR sale and q, 700 shares
were sold. Michigan southern was the strongest
stock on the list. The price advanced "a upon
sales of G. 500 shares At second call small line
of shorts was put out at 7S54a77. Cleveland y
Pittsburgh advanced "a with sales Of 52iO shares
at 7s4. There is a smart speculative movement
in Northwestern.
Miscellaneous list dull but strong.
Governments dull.
The expectations of a steady future increase Of
long gold interest Bonds from the funding process,
started by the new s5OOOO 900 loan dePTesses quo
tations. Gold bearing bonds have been sold short
in anticipation of the loan and it is quite possible,
that with the present scarcity OF 5-2s, purchases
to cover these contracts may produce temporary
advance.
Quotations of higher prices in London has
checked the downward tendency in 5-2Os, which
firm.
There was a little more doing in Governments
this afternoon and prices were irm.
There was renewed excitement in the Stock
market on the street after open Board. Michigan
Southern was the fayOrite and sold up TO 50 cash,
Of yesterday morning.
Stocks we've scarce to-day and bearers were COM
PEELED to cover to a certain extent to make dehY-
cries. Pittsburgh was run up TO 1914 There was
general decline however, before the Second
Board. At the Second Board the market was gem
orally steady at the street quotations, with con-
siderable excitement on old southern and North
western preferred.
At the last Board New York roads were all
stronger and in demand, especially Erie and Hud-
son. Speculation in Western shares quite ram
pant again, and the market was generally up tc
the highest point of the day. The excitement IN
market to-day exceeded anything for year, and
business has been immense. The inside public are
again in market TO a large extent, and speculation
for rise is very brisk.
The earnings Of all railroads being heavy, and
the general belief that railroad property Is selling
below its relative value, the closing quotations are
New York Central, b. 3, 9719; Erie, 9O15; Hudson
:. ), lbs; Reading, ll71s; Michigan Central
l1515; Old Southern, 81.
There was more activity in Money to-day. A
good supply Of capital offering, and brokers
found no difficulty in getting all the money they
wanted at sat per cent. on call
There was fair demand in Discounts at 61aalt
per cent
The Gold market was qnite animated this after.
noon, and the price ran up to l47, but afterward;
reacted to 1867. There considerable specula
tive feeling to-day, and the most active market
for some time.
Sterling less active, but market firmer at 1895
10 for bankers bills.
The conversion of compound notes into 5-2ls a
the Sub Treasury thus far is S77,94s 50.
The Exports from New York for the week ending
September 30, exclusive of specie =, 4le9ZI, an
for the nine months ending that day sl2O, 2l9, $40
against SlG9, ,797, ,j96 in 1854.
PETROLEUM.
Petroleum shares PithOle, 795; Webster, 10
New York Philadelphia and Baltimore, 2li Ben
nett's OF Run, Il 30; Buchanan Farm, l22i TX
celsior 81; Germaqia, Sc; Montana, $50, s. 3; Firs
National, p; Oceanic, So Trek, 3Oi Oil Greek, 10