The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-11-08
FINANCIAL AND CONNER cIAL.

TUESDAY, Nov To 2. NJ
The stock msrKet opened under slight depression,
consequent upon the London advices reporting sac-
tonai decline in American securities Al tne carry SEES
sion OF the open board New York Central sold u i0oT
lol Erie o6 n Hudson River loSh, Michigan south'
ern 7sH, Cleveland and httsburg sah 40. Cleveland
and Toledo 1o7,s Rock Island 1851 a y, Northwestern
A sax. preferred 90. Fort Wayne 100, Prairie du
Chen 2ao 80 McGregor Western 221s, Terre Haute
preferrod so, Ohio and Mississippi certificates 81,
Canton 5h, Cumberland AZ. At the first
regular board better feeling prevailed and there was
good demand for stocks Erie closed ~ higher than at
the second board yesterday, Reading ~ Michigan South
ern 5h Cleveland and Pttsburg Q, Northwestern pre-
fered ", Rock Island u Fort Wayne l. Alton and
Terrs HAute l. Cumberland " Quicksilver y, Prairie du
Chen S. New York Central lower, Northwestern
X Toledo and Wabash s. Ohio and Mississippi certid-
Gates r. Pacific Mail stock and scrip sold at
2a5 Government securities were inactive Cou-
pom nve.twenties were y lower new issue y
higher, Treasury notes Of the second series y.
AT the open board at O'Clock the market gene
rally shade lower Prairie du Chen sold at It's.
At tho second regular board IL was nrm. Erie closed
X higher than 1t the FIRST board New York Central was
X lower. Michigan Southern y, Cleveland and Pitts
burg y, Northwestern y, preferred Y, Rock Island ~
Fort Wayne u, Toledo, Wabash and Western ONO
and Mississippi certificates Quicksilver and Cumberland
were unchanged Government securities were heavy
Coupon nvs-twenties declined u sale OF the recent
issue, known as the funding loan, was made at looh
The ''corner in Prairie du Chen gave way somewhat
sale being made at $780, after which las only was pd
At the half-past three o'clock open board New iork
Central sold at 1907, Erie e6's. Hudson River iosS,
Reading TO- 81 1884, Michigan Southern Soh Cleveland
and Pittsburg ssx, Cleveland and Toledo 1903, Rock
Island 10s Northwestern $685. Northwestern preferred
eek. Fort Wayne 1861, McGregor Western "a, Terre
Haute and Alton preferred go Ohio ana Mississippi GER
uHcates go Canton 46H, Quicksilver 4ok, Cumberland
A. Wyoming Valley Coal Company 4a.
Afterwards on the street. the market was feverish.
At a quarter past five P M Erie was quoted at 9ek,
Cleveland and Pittsburg o5 Michigan Southern 70A.
Money was easy at per cent TO the Stock Ex-
change and owing to the high price Of cotton at New
Orleans and other Southern ports and the consequent
absence of inducements to ship it northward, the
drain Of currency southwark has almost subsidized.
This contributes to the accumulation Of loanabe
funds at this point, and, by the facilities
which the latter involves encourages speculation
for RISE The disposition TO operate in railway shares
is strong; but the manner which 'Prairie Dog" has
been cornered produces certain degree Of dsrus both
In the street and among outside specuators The rise
thus far has been very unequay distributed; for while
New York Central Rock Island Northwestern preferred
and Hudson River have hardly advanced at all during
the last few days. comparatively worthless stocks have
been buoyant This arises from the fact that the light
stocks are more easily manipulated by cques than the
leading dividend paying ones However, the provcrb
says ''every dog has his day" just now Prairie du
Chen happens to be the dog in power
Tho Discount line continues fairly active but names
before unavoidable pass 10 IL per cent and
thc best grade Of commercial paper is quoted at7a9
The gold market opened At 147H and fell TO lat. 1t
then nailed TO the opening price and receded again to
1851 Late in the afternoon rumored that in the
course OF long session Of the Cabinet, held to-day
II had been determined that this government
should notify France that If she sent any
further troops to Mexico 1t would meet with
the disapproval Of the United States. Under the
effect Of this tho price advanced to i47A before the
close OF business. Cash gold, which loaned per
cent yesterday, was quoted at l16 this afternoon.
The extreme fluctuations since the commencement Of
49, H..