New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-11-03
FRIDAY, Nov, 2-r. NJ,
Gold closes az LIE. and firm.


and 1891 was paid for them, and they are now held at
IlOl The first series 1905 strong at l07l Iii un
derstood that the Treasury is funding them as fast a. pos
sibe and unable TO prevent accumulation OF notes
wanting to be converted Staetocks were strong and an
advance Of paid for North Carolina bonds u for
Missouri 6s and a for Missouri 6s issued 10 the Pacific
Road Railway Mortgages are firmly held. Bank stocks
are offered in small amounts only Atlantic Maj opened
1876 and under great excitement rose to 49, Pache
sold at 246 and there is market for large amounts at
sellers option, at about the quotation for cash. The
changes in the stock Of this company meets approval as
they are examined The privileges attached TO the exist
ing stock are expected to place it at much higher figures
permanently In addition 10 its $lOOOOOCO of Govern
stocks the surplus of the company, outside Of ships
&C., is estimated at $40, 100000 more.
The railway share market continues eversh and irregu
lar but cannot be called weak Large sales constantly
made realize profits under which prices recede moder-
aely but at each decline buyers are found ready to
take anything ofIIg with little regard to price. The
duness in gcncr business has sent fresh recruits TO
Wal-st with capital and disposition to buy freely as
was the case in Isl and 1864 The transactions reported
upon the official lists make formidable appearance, but
they quite small portion Of the daily sales. II is
moderate to say that the daily operations far
exceed Of the most excited period Of the Rebellion,
and it is evident that the temper Of spectators favors an
Speculation runs upon Western railroad shares chiefly,
and the fluctuations in active stocks quite large.
North Western Common sold at 57l9G0, and closed al
COL Michigan Southern was active and taken by
strong BUYERS. Rock Island and Fort Wayne
were well supported with large transactions.
At the second board 20s Of 1865 issue 10 llOt
lIOt and first series Of 730s to 1911 Adamss Express
Company fell to s3I; Western Union rose /; Atlantic
Mail sold at $780, and Pacific Mail, at 245 Cleveland
and Pittsburgh to o. At the pablo board prices
were irregular. Upon the street there was a fresh
demand for Northwestern Common which
rose to Goa and closed at col. There also
special demand for Michigan Southern at 93i The last
prices were: Ohio and Mississippi, 5i095i Canton
Co., IS; Boston Water Power, 80 Cumberland Prefer
red, 67i06S Quicksilver, 55i a55l Mahposa, l3lalA;
Marposa Preferred 3Oi S3Oi; Western Union Telegraph
52I 952i; New-York Central, ll9I0ll9i; Enc, SIT
as5 Hudson River, 1864; Reading, ll6i OILY; Mich
igan Central III all7i; Michigan Southern, $50 d9i
Illinois Central 1856 0l26I Cleveland and Pittsburgh
94a94i; Cleveland and Toledo, l20ial2OI; Rock
Island lll llIti Western COZ COZ; Northwest
ern Preferred, sOt asOii Fort Wayne, III allli
Atlantic Mail ok has been very active and it stated
that about 900 shares have boen sold short BY par
ties connected with the management, who expected TO
break the price below CO. When its stock was increased
some time ago from 81 900 600 to g. OOO it slip
uated that the new stock should not DO put the
ket for ten months. suspicion created that this
agreement was to be violated and injunction pro-
cured restraining the officers of the Company from max
ing the issues The issue Of new stock by the Pacific
Mail Company in which the latter has large interest,"
has given new value TO Atlantic stock, and if its mana
gers or their friends have charged attempted sharp
game they may be made to suffer severely before they get
possession Of 1900 shares of stock
Money is abundant on call at per cent with round
In.
rates In commercial paper change. OF choice
tae supply is moderate and readily placed at Sac per cent
for short dates Long paper in larger supply but not
in favor.
Exchange is not rm and buyers and sellers not
agreed as to price, The rates are nominally London
prime bankers' 60 days, 1921 alO9t London, prime
bankers, sight, ll0l; Paris, bankers, long, 5.l6la
SIS; Paris bankers, short 5l2l; Antwerp, 5lei a5l6i
Swiss, 5lsia5l6i Hamburg, bankers ,36i Amsterdam,
bankers Ala; Frankfort, bankers Ala Bremen bankers,
70; Berlin, bankers, 13S73i.
Freights are dull To Liverpool 900 bush. Oats at
3d.; 900 bales Cotton at 36d po steamer 500 bales
Cotton at 3D., and 200 BUSH Wheat at ID
The business Of the sub.Treasury was: Receipts,
SO ass 02-for Customs t3i5 900; Payments $40 l9i,-
622 30; Balance tS7, ,I7e l3-God Notes $2O5 OOO
The reorganization of the Ohio and Mississippi Road
includes an extension Of the property and magnitude but
lay third rail- thus placing the Company in closer
nection with neighboring roads, and by building new
road "the Illinois Southern" to Cairo from Yincennos,
$50 miles 1t proposed to form new company, called
the Cincinnati ana Southwestern Railroad Company to
operate the proposed nsuowgusge road from Cincinnati
TO its new southern termini The Ohio and Mississippi
Road to maintain ts own road and property but the
third rail is TO be put down and maintained by the
Cincinnati and Southwestern Roads. All local
traffic between Cincinnati and Vincennes TO belong
to the Ohio and Mississippi Road, but when
done by the Cincinnati and South Western Road shall
pay 60 per cent Of the gross earnings to the Ohio and Mis-
sissipp Ten per cent of all traffic by the Chicago and
South Western Road the road Of the Ohio and Mss
spp Road TO DO paid TO the latter. The Cincinnati and
South. Western Road is to be corporation Of ten millions
Of stock of which the holders OF Ohio and Mississippi
certificates are to be allowed TO take prior to April 1867
OOO at $5 cash for each 800 of full paid stock
to each holder Of $50 of Preferred Certificates, and $35
cash for each 500 Of full paid stock to each holder $500
of common certificates The rest OF the stock TO be used
for construction The holders Of Trustees Certificates
owners virtually Of the Ohio and Mississippi Road
have n right and power TO accomplish this arrange
men which may be extinct or inadequate when Tho Ohio
and Mississippi Coupanys affairs shall be ToorganRed
1t IS ASSUMED and believed
Frs That The ONO aud Mississippi Company as proposed
" b eoTgsqzed vii b. largely epd pormarnu' to'0 ih