The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-10-31

book Island. :.......... .l4s,. lios: 80
xOrs wayne. .io1S~ AVA ga
Those, therefore, who argue that stocks are already
stoo high that msney going TO be tight" that
'geat frauds I" about be revealed, that specie
ray TO be resumed the lss Of January
that the Millennium lie 10 follow. likely TO be gricv
sUsly disappointed they really believe what they say
which very much doubt, for In Wall street above
Al OF the world language seems be
ssd conceal instead OF reveal mems thoughts and
ingenious falsdcaton Is by consid red the pertec
ZION OF In the OF time the bulls will have
prices high TO leave the market vulnerable 70 the
attacks Of the BEARS but that condition Of tho market
" unnecessary 10 ailude present. Those, however,
who suppose that railway stocks will hereafter relapse
Me low prices in 1885 likely 10 find them.
solves much mistaken those who imagine that the
present rise has already eliminated The LEADING rail-
WAy stocks becoming more valuable every year
Avestments.
A. the early session Of the open board the market
Vas steady Erie sold at s5A y, Michigan Southern
az, Rock island Ilo%, Northwestern 57ss &-pre-
ssred 500 AZ the first regular board II Arm, but
- sympathy with the inclsment weather. the spocua
s1ve feeling not very buoyant. There was, how
svsr moderately large and well distributed volume OF
sssiness transacted New York Central closed 4 higher
Man at the time yesterday, Erie X, Hudson u,
Assding Y, Michigan Southern y, Illinois Central l.
Sasvoland and Pitsburg u, Rockiapd Island y, North
western preferred u, Fort Wayne ~, Toledo, Wabash
asd Western y, Ohio and Mississippi certificates u,
Atlantic Mail 5h, QUICKSILVER 4, Western Union rele-
snaph ~. Cleveland and Toledo N lower, North
~sssrn ~ Chicago and Alton u, Alton and Tsrrc Haute
IS. Government securities were very dun. Coupon
Avetwentles OF 1892 and 1886 * lower. Tho asue
- 1854 and tsn-fortiss q higher After the call
q xsAd made Northwestern In the lower hall or
- Stock Exchange, uudsr which IL declined TO ssh,
eus immediately afterwards recovered TO Sbx The
s@t Of tho market adversely Influenced In de-
ee by this temporary break, and shorts" put
saaher freely Al tho O'Clock sessions ast-
0sd feeling prevailed and prices showed an nprov ng
osndsncy Al the hail-past board the tone Of The
HAArket steady New York Central closed Y lower
AaA the FIRST regular board, Erie y, Hudson y, Head
~ u, Michigan sonthcrn *. Cievelxnd and Ptsburg
r, Northwestern ls-profsrrcd I y, Fort Wayne x,
Anon and Terre Haue * Ohio aud Mississippi certid-
ssss u, Western Union Telegraph q Rock Island
- higher, Pacific Nail vas firm At ga 2ss aossrn.
ssss securities wsrs keslccsd, snd seventbiy notes
- the second series ,. lower. ..-,se--s r.
A the three O'Clock open bosrl the nsrksl W dan
pat sl steady. Erie sold A. s4& d. 81, Reading li555
Anon and Terre Haute Az, Toledo Wabash aud West
NA b3h Michigan SontAsrn 81, Illinois Central 12S,
Cleveland and Pttshurg U.s. Rock Island ilO5s North
scssrp 66,a preferred 7s1, Fog Wayne i0eAl Allan
10 Mail Steamship ll3. Cumberland GAY, Quicksilver
ssx, Western Union Telegraph s3A. Subsequently the
speculative feeling became strong snd prices advanced
nc and Northwestern being the strongest OF tho rail-
Gay shares.
AZ hslfpast i've tho nsrse vas arm nj the Following
quotations New York Central ils1a y, Erie s4A
II, Reading llS4 x, Michigan Southern % u, III
aeis Central i25 a Cleveland and Pttsburg s21 ~,
Dock Island 1ioA :. Northwestern 5sis s.-pre
Ssrred 7pl< Il, Fort Wayne les =, Western Union
Telegraph S31< u, Quicksilver 5sa Z. Compound
entsrest notes quoted thus--June 1894. il67s
N7s; July il6ss -, August ll5's ios., October
aIS2s ll5A December 1879. Has Msy, ls6a ll2ia
az; August 1IoH y, September ITO . =, October
1esa li0&
The money market decidedly Easy. and loans
made freely 10 nrst cIas houses four per cent and IL
szcepticns government securities II as%,
~he the exceptions TO speculative and wax houses az
I'VE becoming less numerous Tho bsnks exhibit
willingness 10 sItrnd their loans than they dd
lAst owing ~ their confidence prolonged
having been strengthened by favorable reports from bo,n
che Western and Southern Of the country mod
s~iey Quick DOW currency from the forinsr be-
Hs essrded inevitable, while the latter IL mot
hksy TO sbsotb much than Il slrssdy possesses in
aAe movement Of Tho cotton crop The Eastern eiies,
wishout exception, rapport ths supply " money
- she demand aao me Boston r,sv.,i, Of ysaerdAy
IN remarSins upon local morsAry AFFAIRS. sd
The rates o, interest snd dscoGats without
Men, and he supply r currency too aovndsn before,
x&t*su SHOWING OF o4mlnuN0h 10 conssrfa
tve limits, i, the contrary, actually incrensn g Ia
volume. From four 20 ak per cent the
charges FOR temporary ncono fstion 10 open
Arket and a. toe bspks toe lover bsirs PAID ~
eAv0rSts borrowers cboqe collateral security Even
sAese los ng1res do asord steIusis nducensnt 70
she mercantile csstss and consequently considerable
s.soupts Of ioosc funds remaining IDLE tspssil
Commercial paper OF The EegosALec
md six per cent
hut without referring the condition of o,nsr uinsS
mn sufscient commentary uron the market Asre 70
sntion the fact that twenty ave millions OF essl
Ger deposits owned by the bsnss us ibis city yug
sale An the SopTrsssury and payable on demand
The gold msrks, heavy, and stssr opening 81 1A
sd advancing " declined 70 lao, bot .uesesasnty 10
same nrmer and ciossd st itox Losns ~er- made al
Ia l-Sz IN the lender and without uts'sst
NE supply Of coin for delivery being soundsnt
There good demand for foreign exchange and sas
spArsss closed arm ., the sub,oned Banker
Hills England, 81 ssrty days. iosh; a three dsys
aio,l . u; commsrs. blils. 1885,. Zoe; francs, ~
s'siy dsyt 81 i2ko 81 Ice Al ,hrsr GAYS or ioc :
~ nko Bins 90 Berip "a tnsless ~srs auosee a
W a TaN IN pransu -QA On Frankfort