The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-11-04
FINANCIAL AND COMMERCIAL.


SATURDAY Nov. SEP NJ
The stock market was firm at the commencement
OF business this morning, but subsequently became
feveh under sales to realize Of which there are gen.
orally more than usual Saturday. Az the same time
dsqueting rumors from Baltimore were circulated, and
these were not without transient effect After two
O'Clock, however more buyers than sellers ap
reared, and the speculative feeling was strong.
All the leading railway shares advanced,
and particularly Northwestern and Erie the former re-
covering cox and the latter to SAX. The or
Northwestern has been excited and irregular during the
last few days but the speculative interest In Is very
keen the large earnings Of the road tempt buyers
Those for the fourth week Of October $3s3,s72
against s3Os 900 for tho corresponding week last year.
showing increase Of ss0,ol2 Tho number Of out
side speculators both In the city and throughout the
country still receiving fresh accessons, and the
volume Of transactions daily equal TO TINT OF the most
exciting periods OF 1868 and 1894 Probably more than
half OF these are mercantile men, who have been m
duced by the duness Of trade TO direct their attention
to tho Stock Exchange Tho ''bullish temper OF tne
street Is undminlshed, and the bull operators nave
gained much strength by their con'inu.u
successes that they hold the market ehi'y
under their CONTROL and are likely TO 40 81 un''
there some material change In the conaion VI lono
tary affairs VII Oh is not likely to take place w'nn 'he
present year at least.
The heavy business on the stock exchange, has ma.
turauv created an Increased demand for money, and
tenders have advanced their rate for call loans 10 nve
Der cent on railway stocks. and four on governments,
but the supply OF capital Offering IS IN excess OF inc
wants Of borrowers and nrst class houses are in some
instances still able to borrow at 81. There is no
new feature in the monetary aspect at the West The
Chicago Tribune OF Thursday reported the market is
easy for prime business paper at ten cent" while
yHf aatnr rlraA.
The demand discounts is still good and the market
ia gradually working closer; the supply of currency,
however is sufficient for all legitimate purposes, and
first class business experience difficulty in nego
tating loans
There is a limited quantity OF commercial paper
offering. and the best grade ia taken at cent
but the banks prefer lending on call to discounting.
AT the ten O'Clock open board Erie sold at s. North
western 59M 5s-prcferred 81, Michigan Southern
9sh Reading INK, and the volume of business
moderately heavy At the first regular board the market
active but portion Of the railway list lower
under sales to realize Pacific Mall advanced to 244 and
Atlantic Nail TO 100 kind Of s'corner has been de-
veloped In the latter stock The Atlantic Mail Company
had reserved right to double its capital stocknamey,
to increase Its amount from four eight millions
fow months ago agreed that tho additional four
millions should be issued, the however to be held
of tho market for ten months which stipulated period
will not expire till January next 1t is stated that
OF the directors of the company anticipating decline
In the price Of the stock in consequence sold IL short"
and that combination OF spectators now buying II
up with the view OF forcing the shorts high
prices The former have succeeded In obtaining in
junction forbidding the company from marketing the
now STOCK before the ten months expires This thew,
Or others acting in the matter, had commenced
DOING three Thousand shares OF the stock having
been already delivered At meeting OF the board held
he cali I'd hiatt
should not be considered good delivery and that the
three thousand shares question should returned 10
tho parties who delivered It. committee was ap-
pointed to take charge Of and report upon the case
Government securities were neglected. The
now Issues Of nve-twentiss Of 1855 were u
higher. North Carolina new bonds advanced /,
Now York Central closed lower than at the same time
yesterday Erie tx, Rock Island r. Northwestern 2k
preferred u, Fort Wayne " Toledo, Wabash West
srn Y. Reading was higher Michigan Southern u,
Michigan Central " Cleveland and Pit sburg u, Ceve.
land and Toledo y. Alton and Tore Haute kprerered
n, Pacific Mail 2. Atlantic Mail 2k, Canton l Western
Union Telegraph y.
At the ono O'Clock open board prices were lower and
The extreme point Of the depression was touched New
York Central sold At l19k Erie sss, Reading 117H,
Toledo, Wabash and Western 53X, Michigan Southern
o2X. Cleveland and Pittsburg oSK, Cleveland and
Toledo 1907. Rock Island 1l0K, Northwestern 6sA-
preferred sos, Fort Wayne &C. 110A Ohio and Missis
spp certificates 3sK. Cumberland 67k Quicksilver
sok, Atlantic Mail l27I, Western Union Telegraph
b2x Immediately after tho call the market began to
rally, and Il steadily improved up TO the
CLOSE OF business. The following quotations were cur
rent at i've o'clock Ohio and Mississippi certificates
8Sk Ak, Erie s4. a " Reading l17s4 a x, NJ chlgan
Southern eaH Il, Cleveland and Pttsburg sss "a,
Rock Island l1oI Ill, Northwestern oeN X-pre-
ferred sou a 81, Fort Wayne HOY Ill
The gold market has been strong and part Of the
advance 10 attributed TO the Baltimore rumors before
referred to. The opening price i47i followed by
rise to las and relapse to 14TA from which point II
advanced steadily to l48K. The closing quotation al
three O'Clock 14s The supply OF coin for delivery
was easy, and loans generally made ''na,
The export OF specie was larger than usual PARTLY in
consequence OF remlttanccs OF nvetwenty interest to
foreign bondhodcs The St. Laurent took s27s $50 the
Anemsnna 100000, and the City OF London s14S oo0
making total Of ieie,3so; and for the week OF
3e47,4iA
Tho foreign exchange market was firm bat quiet,
Bankers bills England at sixty days quoted at
the close at i09k "; ut three days, 1l0< H. Com
metoal blls, 1854 100; francs at SKY days s I2x a
Els; at three days, $40 a5llA; bills on Berlin, ~
TAX: on Bremen, 70 79a; Frankfort d a4Its; on
Amsterdam, 4ok Az; on Hamburg 30 a 3oS; on
Antwerp, 610a a515.
Consos and American securities quoted thus In
London according to tho latest kilograms
OFT 80 OF 81 No. Q
Consols. ....,...............Se& soL 500
y s t-2os. ...............ress 90 es2
E.tie. .ss'.......... ...bOX DIX tlh
illinois Central. ...............T TX Tx
Mining stocks continue duh, Ia Crosse beng The
weakest OF all A. the nrst board corydon closd TO-
higher than the time Yesterday selling IS 10
e. 81; ophir lsc.. selling at 80 So La Crosse Gold was
ssc lower, selling al ~ 20; Atlantic and raci0c I0c