The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-11-10

The actual increase Of the currency between these daeG
has, therefore, been $a7 fact which disproves
oil the boar arguments based upon the theory that the
currency being contracted We omit from our cal
cuiasion fractional currency OlO and State bank
notes 70 . large but indefinite amount With such q
volume Of rredeenabe papor in circulation every
encouragement is Afforded not only TO speculation the
StockE xchange but 70 legitimate enterprise, and the
prosperity Of the country greater than u 1t
present There is at the time danger OF COM
msrcal revulson because there will DO NO very mate
rial contraction Of the cusuoy for years 70 come
efforts made 70 undaly hasten the return TO specs pay
ments, because the country well enough without thsn
This the feeling throughout the country and the latter
VIM mould Congress 70 Its will.
Al the ten O'Clock open hoard tho market was strong
Erie being the active Of the railway shares and
ceiling ct So Michigan Southern sold at e2sS North.
western at 57H and the preferred stock 7ex the
dst regular board the speculative feeling buoyast
and there . brisk demand for all tho speouIsdve
stocks with the exception OF New York central Erie
was especially strong and active the sales aggrsgaing
1900 shares Al s5X seK. Erie closed AZ higher than
q the same time yesterday; Hudson River Xxi Read
Ing Ii Michigan South ern TX; Cleveland and P,ttsburg
x, Cleveland and Toledo u; Rock Island y; North
western l-prefsrred TX; Fort Wayne TX; Alton and
Terra Haute Vi Ohio and Mississippi certificates Il At
iantic Mall Ii Quicksilver TX Western Union Telegraph
Il. New York Central was lower Government secu.
rites dull and rather heavy. Coupon nvo.twsntes
u the first three issues tsn-forlios aud sevon-
thirty notes or the third series declined V.
~ the one O'Clock sessions prices
fraction lower Az tho half.pas two board the
market ives dali at . further fractional decline
Erie closed TX lower than at the nrst regular board
Michigan Southern ", Cleveland and Toledo ",
N,rhwessern preferred y, Fort Wayne y, Ohio aud
Mhsissippi certificates u. Quicksilver " New York
Central was y higher Government securities were
withsut change, excepting coupon skies OF 1884, which
advanced Is AT the last open board the market was
steady. but In some instances y y lower Erie was
active At s<4 u. Michigan Southern sold at Ola
Northwestern s7-prefsrred TO- Subsequently tho
ket became strong, and Erie sold up to s5H, but the
Improvement not fully sustained and at halfpast
Ave tho following quotations current Erie s41s
81, Michigan Southern ol,S u, Northw sstern ST..
b-prcferrcd " n, Fort Wayne 109x no. Ohio and
Mississippi certificates 1904 ITO Tho holders Of The
latter who have vet voted in favor OF closing the
trust and recognizing the company, do any
time at the ONCE Of the trustees, where the books
win remain open for this purpose until the
necessary threo-fourths Of the entire amount IL
represented Those asserting, u rs announced, VIII
secure the RICH: subscribe for the stock OF the pro-
posed new narrow gauge line which to act as feeder
70 tho main line Only about millions OF certificates
nave as yet been registered In favor Of the proposed
plan OF reorganization. Compound interest notes were
quoted thus:--June 1862, llek III; July iIek u
August 1l5k 49, October 1I4k a IFS; December.
iisf ia; May, INK *; August, llol a Ill; sop.
tember llok ~ October, 1o9x a Ito
The gold market dull and unusually steady tho
opening and closing price being lsea, aud the
extremes OF tho day i4o,s and i4e
Tho foreign exchange market was duh and rather
heavy. Bankers bills on England at sixty days were
quoted at the close at 100 1895, at three days ITO
iI0k; commercial bills, los 1osh; francs at sixty
days. 5.lsk 6isa; at three days. b12k aSi1A; bills
Berlin. u 72s4 ON Bremen. 70 7sif ON Frank
fort, ak AK; on Amsterdam 4os az az; on Ham
burg, a62 q 3os.; on Antwerp, 6ls& ASH.
Mining stocks continued weak and neglected by the
public. Al the nrst board Ccrydon closed ioc higher
than at the time yesterday selling at IS IS D. 81
New York Cold 90 lower, selling q, 2ic. Al tho
second board Corydoa closed 1oc lower than at the FIRST
board selling al rs. Atlantic and Pacific was steady
ass
Tho imporistions OF dry goods at this port for the
rsok ending Notenbers compare follows with those
OF the prcvioes week -