The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-11-11
FINANCIAL AND CONNER GAL.

sAruRpAy Nov. i0-6P NJ
ma stock market has been unsettled In its WORKINGS
today owns 10 q raid upon Erie TO when vac .s.s
pals offered no resistance circumstance winch icAa'
10 the Inference that the latter bad an Interior no'
favorable Of course to themselves IN iacia's 'Ne
fA and that = sharp reaction VIII ioiow carry uea'
xa.s rba -, OF the list sympathized partially with
aha decline Of Erie 90 seA, and the Nortnwestern
shares more than any OF the others although the pub
u.h.a .alpss Of the road for the rst week Of Novem
~, vs sssS $40 against Slss 2os for the same week
La, year showing an Of S4s o4S The active
uopey market argument having failed, rumors OF fall
IN pork NJ Chicago used to promote the decline,
and ,hs bears sold Erie and Northwestern freely
Nevertheless prses rallied quickly 81 intervals although
the stock Exchange but thnly represented on the
street there being afternoon session OF the beard on
Saturday Those who were frightened into seiling,
alike with thoss who sold "short" to-day. did Just
what the leading bulls DESTROYS that they should
do and next weeks market will convince them that
they made a mistake. Tho tendency Of prices on the
Stock Exchange viii probably continue strongly upward,
during the remainder OF tho year at least but the
fluctuations are likely 70 Increase in suddenness and
violence as the rse progresses The supply Of money
Eve per cont abundant In proportion TO the
demand to-day than at any time during tho week, and
large loaned on government securities at
four while the exceptional transactions at six to the
Stock Exchange insonsicerable, although some
lenders had the temeriiy 10 ask this rate. Monetary
Affairs at the West without material change. Tho
Chicago ritune OF Thursday remarked
There were no features In financial matters to-
day. Most Of the dscount houses reported business
active dc nend for accommodation The market Is easy
for primo business paper which Is readily taken 1t tho
current rae-ten per cent
The Boston Traveller OF yesterday said
Money very abundant at low rates OF interest," rang
ing from four six per cent for short loans prime
colaterals and from Eve 10 six Tor discounts or first
class commercial paper.
There Is no perceptihie drain TO the South or West
and very soon return now from the former section
must in and this will contribute still further 70 the
prevailing case.
Al tho early session Of the public board the market
opened dull aud rather heavy. Erie nlcs $500 sharcs
sold at S44 u, Michigan Southern ok Il, North
western 57h A--proerred 1914 AZ. At tho first
regular board 1t steady at the decline, and there
was special activity in any Of the railway
stocks. Erie closed Ia lower than at the same time
yesterday, Reading y, Michigan Southern ~. Cleve-
land and Pttsburg l, Cleveland and Toledo q, Rock
Island Y, Northwestern I-preferred Is Fort Wayne
e. Ohio and Mississippi certificates II, Atlantic Mail u,
Canton u, Cumberland ~, Western Union Telegraph
Il. Pacific Mall was ~ higher Missouri State skies
were lower Government securities rather dull
tenfortes V, 6vetwenties Of 1864 lower seven
thirty notes Of the second ~ At the O'Clock
open board the market weak and Eric (salss
5,7O0 shares) sold at SO a s3&, Northwest.
ern 56H H-ditto preferred 7sX Y,
Michigan Southern 9o% 9o%, New York Central 1l6K,
Reading 1874 Toledo, Wabash and Western SIX, I'LL
nois Central 1914 Cleveland and Piltsburg 91S Cleve-
land and Toledo 11sH, Rock Island losH, Fort Wayne
1oSK, Ohio and Mississippi certificates 337s Cumberland
6sA, Western Union Telegraph 5lK Subsequently tho
market fuctuaed feverishiy, and half-past i've II
closed steady at the following quotations: Erie s2x
q u. New York Central 117k a " Michigan Southern
DIX y, Northwestern IS H-preferrcd 7sk e,
Fort Wayne 1926 u, Ohio and Mississippi certificates
84k ~ Compound interest notes were quoted thus
June. 1854, llsx III; July llok . II, August llSX
1le, October llAX lis. December l1Sx ia. May,
1895, 112K v; August 1loN Ill, September 1l0k
. X, October 10oX ITO.
The gold market heavy, and after opening At llo
declined steadily 10 l44x before three o'clock the time
for closing the Afterwards, the street. there
were transactions at l44k Ths shipment Of specie and
bullion by this days steamers aggregated seas Of
which the city Of Paris took $27s 100 and tho Deusch.
land 100000 The Henry Chauncey, from Aspinwall,
brought $685. 568 In treasure The daily range OF the
market during the week has been a. under:-