New-York daily tribune., 1865-10-16
SATURDAY. Oct. l4-r. NJ.

SAIURDhI. Ocr. l4--T. u.
Colo has been steady ell day at if39li4j. The
demand has been light and the market dull.
Gorernment Bonds have beeu dull and steady al |
quotations. Some large lots of 7.3Cs were pressed
for sale.
Miscellaneous and Coal shares were du.l and
neglected, with the exception Of Cumberland,
which advanced to Az. Atlantic Mail was firm,
III being bid, sellers option, with no shorts oHer'
ing less than l55 --..s.-.---
Money has been less active, and all brokers' in
good credit have had their wants supplied att per
cents late in the day q good many balances were
offered, and the market closed qgiteeasy.
Government paper is very active. and frst-cass
paper is quoted from IL per cent.
The raiEyay list has been less excited to-day, and
tbe amount OF cash stocks pressing on the market
ismuch reduced. The a.go cash sales Of the last
three DAYS have reduced the number of weak bor-
rowers. and stocks have now fallen into stronger
hands, and the decline for the moment checked.
Michigan Southern, Cleveland, Pittsburgh, erd
Reading were very strong. The amount Of short
rees made or these stocks have strengthened them,
snd they are in active borrowing demand. Erie
was firm all day, opening at 9li, aud selling
.t 92J. The stock is scarce for cash de-
livery. In the street. the market was feycrsh, but
generally higher, but presented no new features
Tie outside operators have not yet got over the
squeeze of the past weeks not satisfied that the
money market VIII work easy enough to warrant
speculation for an advance, and thc bears hesitate
10 increase their short lines in face Of the resistance
made By th.ir largo cash sales, aud prefer TO wait
until the money question taxes more definite
xhape. The closing quoieiioDs were: Ne%-foIk
Central, I0l 0l0ls; Ere, 924 09-s; Hudson River,
lOsI 1885, Reading, llG2 M; Michigan Southern,
sG2 ali; Cleveland and Pittsburgh, 794 c79l; Rock
Island, IG9. 0IOcl Northwestern, 3l3 932; Pre-
f,.red, 66@66l; Fort Wayne, lCll laiolI; OHIO
snd Mississippi, 81 020; Canton, 42l94@ii Cum
IeIland Cool, fol7li Quicksilver. l9S05O.
In impression is growing that an attempt viii be
made 10 consolidate the Nev-York Central, HaI
lem and Hudson River roads into one corporation
thc coming Winter Although Touopohes are The
order Of the day, We have 10 reason TO fear that
such ar act viii be accomplished by legislation.
The people will not permit the Newjcrsey system
TO be inauguraed il tais State, VIZ: the absolute
rule of huge corporation, seeking TO make money
by any process
The consolidation Of the Harlem and Hudson
Riyor roads was Lot made Dy legal enactment last
Winter, but it was virtually accomplished by
placing both roads under the same management.
The unfortunate minority Of stockholders in the
Hudson River road who may have wetod Cor long
time the realization of It's prospective value and
consequent remuneration for yearsofloss Of interest
on dividends, have discovered that the Harlem is
fad upon its back TO carry. The stockholders Of
the New-York Central may find themselves in q
similar prelieament should the same influences
which are understood to prcdominate i'll thccounscs
of that road at present receive new ard stronger
lease Of power Ii behooves them to look about and
nee that they arc not sandwiched between the Hud-
son and Harlem TO lift the latter TO it's recent fancy
value under a manipulation similar to that which
burned hole in the pockets Of many gentlemen
who could not See how ii would be worth $50 even
If carried in the breechcs pocket Of single shrcwd
operator. If the Central shareholders would avoid
the fate Of the Hudson let them look TO their next
10 will that may eventually give their stock I'll
tering process either by improper influence upon
legislation or by tacit agreement. Jf they submit
quietly to the management Of operators who may
own but small portion Of their stock and twice or
ihree times as much in the Harlem and Hudson
hey may find themselves shOn without much
chance for relief
Steps have been taken issue Gold Certif- |
ates' by the Secretary Of the Treasury. This
Measure is sure TO meet with popular favor and TO
% Of great public service, ss sfording convenient
old currency for circulation. The. gold notes'
70 made w law receivable for customI and can be