The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-11-23

The railway share market was steady, but dull untn
after the second regular board while pre-
fsred advanced 70 oeK apparently under purchases by
che clique controlling the common stock. party
operating with H. Subsequently, however, It became
weak under general disposition to sell the leading
stocks down. and Ens In particular against which
artificial movement IN money to DO especially
aimed By those who recently operating for rise
In the stock. The OF Ere party has democrat.
zed the Market and there il encouragement for the
bulls outside Of the ciqies TO hod to their stocks
while the latter hammerlng them. When the Erie
party have bought In all the stock they want then
money will become easy and tho market win rise; but
meanwhile IL IL likely 10 remain unsettled and there
obviously inducemen for any to buy stocks until
che present bleeding operation u over.
The money market was somewhat easier than yestsr-
day, but the demand for cali loans nevertheless
active per cent and The artificial which
produced the strngency still Tho relief
which might have been extended By the Treasury
through purchases Of seventhirsy has been with
held and the amount currency in the Sub Treasury
mas been Increased during the week BY sales OF gold.
The secret manner In viii tue latter are conducted
Objectionable, and becomes the duty OF Congress to
pass law providing that all coin sold by the Treasury
be publicly announced, and due notice Of the time and
place OF sale be given In advance, and moreover pro.
hbing all such sales Of coin unless whom the
ties OF the Treasury demand Il whom the
che Treasury exceeds limit the to be at
least hundred millions actually owned by the govern.
men In the discount line the efct OF the prevailing
monetary activity Is severely felt and the banks
vii ing to accommodate Their customers only TO very
limited extent although what little mercantile paper they
take por cont On the street, however, even the
best grade 10 almost able, although tho rate
ries from 10 per cent Tue failure Of ,. K. Place
Co., with heavy liabilities. and rumors OF two
IL awsd d.a-
trust among buyers OF nercial paper, and money
lenders generally show decided preference for sm-
poyng their funds call, tho more particularly A.
Ioans TO the stock ExchsDgc demand n tho full
legal rate OF interest The smttances 10 and from the
West nearly balance each Other and the drain Of cur.
rency sculhwArd 10 very light
Al the commencement Of business the railway share
market was dull but steady and the chief activity
IN Erie and Northwestern common. Pacific Nail opened
si 100 under pressure cell, but recovered on the
call 10 1907, the sales agsregang 400 sharex New
York Central sold n 1l4X ll41; Erie. Tx Tx;
Reading 9ex cox; Michigan Southern. SO; Cievsand
and Psisburg. ssx Rock Island, 0SK; Northwestern,
S7x a57ss; do preferred, 64x e4,S; Atlantic Mall,
1l7x; Western Union Telegraph 81; Pacific Mail, 100
lsox.
At the rst regular board railway shares modsr
atsly active and steady Pacific continued
1907 1871. Erie closed lower than ~ the time
yesterday, Cleveland and Psburg y, Milwaukee and
st. Paul preferred x. Reading y higher, Mich gan
southern ", Rock Island y. Northwestern y, do. pre-.
ferred Il, Milwaukee and 81. Paul IN. Government
securities we're dull and ve-twertios Of the issue
OF 1867 closed lower coupon ten-foes y. The state
stocks quiet and Tennessee SKIES advanced " now
tissue 4.
Al the open board Ut O'Clock the market was .
fraction lower and the speculative feeling vas tame
New York Central sold At ll41s; Erie, 7ih; Reading,
eo,.; Michigan Southern, 30 soss; Michigan Central
10; Cleveland and Toledo, 1925 1919; Rock Island
e5. q esss; North estsrn, OK v.3; do. preferred
c5k; wes.ern Union Telegraph 3i7s.
AT the second regular board tho the market was some
VIA, Irregular Northwestern preferred having advanced
90 co., while The rest or tho railway list was barely
steady. Pacific Mall active ard weak. an1 declined
on tho cali from 10 to 121x New York Central closed
lover than q. The frs regular board Nor hwes'ern
y, Miwaukss and St Paul r. do. preferred x, Pacific
Mail 81, Atlantic Mail Y. Northwestern preferred was
~ higher, Western Unoa Tel graph u. Government
secartes dull Coupon ortiss closed lower.
At the open board at hatras three tho market be-
came heavy. especially for New YORK Central The
latter sold At 1isK fl3k; Eric. 7OK 7ox; Hudson
River 40 12t; Reading % a cox; Michigan South.
eru s9A 79f; Cleveland ami Pittsbarx, 90 . sax
Cleveland and Toledo. ioi Z lo,; Rock Isasd o5K
assz. Northwestern, SIX S74; do preferred, 65
Tor. WAYNE o. ok. Afterwards there was . further
dscne under some pressure TO sell. and the Close
sr o'clock the following quotations current the
make be- M then unsettled: NAV York Central. ils .
rsx; Ere 7OI 70I; Hrdson River. la ia;
Reading o5sf asss; Michigan Southern, 10 7sx
Clevssnd aud Ptisbarg. sax Sl,s Rock Island, o5k
ASK; Northwestern. ssx ssk; DO. preferred, c<<
o. Pacific Mail. l2a< i2s; OHIO and Aasissipp car