The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-11-07
FINANCIAL AND CONNER cIAL

FINANCIAL AND CONNER GAL.
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TUESDAY. Nov 6-S P. y.
The elections interfered materially with business both
In and out Wall street to-day; but notwithstanding
tho stock market was on the whole firm, although
many OF the brokers and operators were away spscu-
lsng upon the result Of the vote for Governor, the
betting for and against the rival candidates being more
than usually heavy With subsistence of this excite
there every indication Of active and buoyant
market for railway shares, the upward movement Of
which is evidently far from having reached its
culmnating point Money cannot but remain easy
for q long time to come, and thus ample
facilities viii be afforded for speculation on the
stock Exchange Some OF the banks which were bssore
willing to lend nrs class houses At four per
asking five, while two Of tho private bank
have advanced their rate the sake OF
but there important transactions the higher
rate and exceptions at four per still reported
With outward drain OF currency worth consideration
and while the banks hold legal tender twenty
millions in excess OF that required by law there can be
not only approach TO stringency, but condition OF
perfect ease must prevail and however much the
hanks may try they can hardly succeed in forcing
the rate for call loans above i've per cent during
the remainder Of the present year. That they nave
more money than they employ is evident enough
from the fact that they allow their twenty-five millions
Of legal tender represented by Clearing House GER
dcates to lie idle In the SubTreasury There very
limited demand discounts and the best grade OF CON-
mercal paper taken at 81 6h per cent, with excep-
tious At and Z, the general rate being O.
At the open board at ten O'Clock the marker was dui
and rather heavy Erie sold at S25s 49, Northwestern
at g. and the preferenced shares at 80 y. AZ the
first regular board 1t had hrmer tone, and there
was moderately large and well distributed business
in tho leading railway shares New York Central being
the strongest and most active, closing y higher than
Al the Same time yesterday Erie u lower Reading
~ Michigan southern 4, Cleveland and Pit.sburg Il,
Cleveland Toledo 4, Rock Island u, Northwestern
=. Toledo, Wabash and Western X, Ohio and Mississippi
certificates Il, Atlantic Mail l3jz Canton 4, Western
Union Telegraph H. Government securities were steady
coupon iye-twentes of 1865 and thirty notes Of
first and second series " higher, ten.for,ies u.
Missouri state skies e lower North Carolina skies
> At the O'Clock sessions the market firm, but
prices without material change. AT the half past
board its tone steady. Atlantic Mail, however
experienced further decline l15, being 1917 per cent
below the closing price yesterdays morning session
New York Central closed lower that the first regular
board hudson River ], Illinois Central *, Northwestern
Z, Toledo, Wabash and Western u, Atlantic Mail o.
Quicksilver x, Western Union Telegraph p. Erie
4 higher, Reading " Michigan Southern a. Cies Gland
and Toledo u, Rock Island Northwestern preferred
y, Ohio and Mississippi Certificates 4, canton
u. Government securities nearly steady.
coupon fve-twenties OF 1864 and seven-thhy
notes Of the first series u higher, whih
dve-twentics Of 1852 and 1865, and seven
thirty notes OF the second series were y lower. At
the three O'Clock open board the railway market was
steady, but Atlantic Mail submitted further fall Of
dvc per cent selling no. all danger of corner in
the stock having evidently passed away II is rumored
that the opposing parties in the nbroglio effected
settlement and that to this the sudden decline is
dnc New York Central sold at 123 Eric s3i, Hudson
l2ia, Michigan Southern 93t<, Cleveland Pi,sburg
as5s Reading ll6H Is 81 Rock Island hos, North
5s-preiered s04, Fort Wayne llO3s, Ohio and
Mississippi certificates 34. After this tho market
very dull and bu. Lhny represented In the lower hall OF
the Stock Exchange and the street, but remained
hrm. and Eve O'Clock the following quotations
rurrent:--New York Central 1929 p, Eric SO a =,
Reading ll6H ILL., Michigan Southern 9S,s u, Rock
Island lloa Y, Northwestern IS h-prefcrcd s0il
AZ, For. Wayne, l1ok ~ Ohio and Mississippi ccrti-
noates 34s a y. Quicksilver 53H 81 Compound In.
tercst notes quoted thus:-June, 1854, 1l6X a
n7s; July, 1l6x y; August, 1l57s ll6S; October,
il&'l all5h; December, l13JE ll4is May, lI24 ".
The gold market rather heavy and the supply Of
coin for delivery in Of the borrowing de-
and loans being made without interest and four per
cent In favor Of the borrower The opening price
l462. followed BY gradual decline 10 1879 X, the
CLOSING quotation. Al present the market is passing
through the dodrums," but the stsgnaton viii prob.
ably be succeeded by "a fresh breeze and a flowing
SAIL" TO speak nguratvely. when the Treasury has
peted It's disbursements In payment Of the November
coupons To-day the hnbitses Of the gold room were
too much troubled with Hoffman and Fcnton on the
oran to transact than business and the
speculative feeling among them was tame
The Foreign Exchange market steady, bat dull
Bankers bills on England quoted at the close q,
1904 loe1s; al three days, 1iox x. Francs at
sky days, 5l6&; at three days, 5l3s on Berlin ~
Tx, Bremen, 7ok 7eh Frankfort, AK a.; Am
s,erdam, 4o5s AJAX; Hamburg 3s5s 3sI; Antwerp,
si7k 6I5
ConsoIs and American securities quoted as under
London on the dates named
Oct 81 Noe 2 Nor 8.
'ansois. ............ SOL SOL sqA,
United States nvetwenties. % sss4 as !.