The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-11-14
FINANCIAL AND CONNER GAL.
wKpsrspAY, Nov. 1872. n

WEDNESDAY, Nov. l3-oPN
me stock market strong and excited to-day and
IN advance from 1917 At the opening 10 l4ok took
place, the closing Transactions prior TO the adjournment
Of the board having AZ lao subsequently, how
ever the pressure buy increased sales we're made
- high As l4ok, and the final quotation Was l4ok
l4oK. the advancing tendency was in no wise
checked by the rumorcd receipt Of private kilograms
reporting fyetwenties A. IL TX in London although
ths latest press despatch quoted them Al 7o.. Tho
"shorI" interest - SIN very heavy the borrowing
demand for coin active. bat tho floating supply u so
barge that loans continue TO be mado At 40 per
cent for carrying The gross cearngs amounted to
Sc ooo the gold balances TO 81 60s 10 and the
currency balances to 81, 637, 900
There was animation than usual Of lato on the
Stock Exchange and general aihouSh not important
advance In railway shar TOOK place the most active
and baoyant OF which was New York Central owing
mainly to Commodore vanderblts acceptance OF tho
proxies rendered by Messrs. Edward GUARD John J.
Astor, Jr, joan steward and Bernhard Hutton TO the
amount OF moro than thirteen millions OF stock. II
therefore becomes Of reasonable certainty that
she management OF thIs road will pass into Mr. Wander
bits hands the coming election, and II expcsted
that be viii be It's president.
As soon as tins change made the programme IL to
consolidate the earnings OF The three trunk lines
namely Eric, the New York Central and the Penn.
Gylrapia Ientrai- he managers OF which, 10 Is upder-
Stood willing to agree 10 tlaic arrangements which
viii secure this object It has been generally known
Cor some months past that Mr.. Vanderbilt was largo
holder of New York Central, but this correspondence
removes all donb to The future agement OF the
company. That the result aimed at Will be beneficial
TO the stockholders Of all the roads mentioned
cannot be doubted. and although there is
look Of monopoly about II, tho practical effect
ma be nnohiectionnble 20 the public II wiz enable
few railway corporations TO dictate their rates OF
fare and freight without having compete actively
WITH rival Inca, and IL to 10 hoped that they will
abuse the power invested in their hands The DISPOSE
ton TO buy stocks Is Increasing but market has s
to contend against powerful bear element The fart
that the earnings OF the railways arger han they
were at this time last year gives courage the bulls,
however
The demand for money moderately active towards
the close of business per cent but the supply
was abundant aud The dram or currency Southwark
hardly exceeds yet the receipts from the West In
The discount line there is no change TO notc.
comparison OF tho condt OF associated banks
Of this city the 9th OF July last and tho 9th OF
present month shows that they held tho date last
mentioned s5,655 $50 less OF legal a
abe former ale while their deposits had bsen reduced
$i3674 COS The other changes small In amount
the loans having been increased oss and tho cir
cuaon $500, 50d while tho specie decreased 953sI3
The totals Of OF dated as above
wara sut,,o,ned.-