The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-11-25
FINANCIAL AND COMMERCIAL.


TUESDAY, Nov. A--6 P. NJ.
me DAY has been an extremely dull one in the
stock market, perhaps the most SO In several
months. The ease In money does not seem to tempt
dealers TO forget the severe lesson taught them in
the recent crisis There has been occasional brisk
noss In one and another OF the list according as
some "pointp was discovered, supposed to be ais
covered, but the activity has not been sustained.
Hrie was viewed with some interest to-day on ac-
count Of the curious legal complications which sur
round It. Nothing Ii known definitely regarding its
status - an investment. One rumor has It that all
thu enects OF the company are now ia New Jersey.
he viany Of the clique OF swndlers who have dealt
foully with legitimate institution like the Ere
Railway only equalled by their unequalled smart
nsas. He who condemns their rascay and unprin-
cpled acts must pause to admire the genius OF the
CHIEF conspirator, who fights down every obstacle
the law places upon his fraudulent course. sets the
courts OF justice by the and finally triumphs BY
otning the shelter OF the highest tribunal Within
his reach These new developments In the
Erie litigation broke the price from Al,
the highest Of the day to 37%. The ques-
ton OF requiring the registry OF the stock before
u shall be continued on the call list comes before
both boards tomorrow by the reports OF the commit
tees TO whom the subject was referred There is
now virtual non recognition OF the stock, for the
transactions at all the sessions to-day comprised
total OF only $500 shares No business whatever
done In it at either the second last open board
so completely Is the stock eliminated from Wall
street that the fall OF nearly four per produced
no effect whatever the OF the list. No better
proof OF its Isolation could be adduced. While the
boards are in the mood or making this reform let
Them extend 1t to all the securities q dealt IN ut
their eessions
Tho general list was steady and strong. Plactua.
lions were frequent for most OF the list but within
very narrow limits. Harlem put In an appearance
to-day ut 100. Pacific Mail rallied in the middle OF
the day as result OF further rumors about the
dividend. but declined in the afternoon with the
absence OF their continuation. In express stocks
there was quite difference OF opinion between bid
des and holders, and quotations show considerable
margins. Prices were strong Canton has assumed
activity. Ohio and Mississippi was progressive
Rock Island was steady after the recent demand
Toledo Kept In the vicinity OF par and refused to
advance despite the reports about consolidation
with Michigan Southern. The border State bonds
were more active.
The money market continued very easy during
business hours and the rate i've to six per cent
ON call loans, with exceptional transactions at four
Lses In the day there was brisker inquiry, without
change OF rates, and more active market is prophe
sled. 1t s rum0red that the government is about to
withdraw the money now deposit in the national
mAnd from the West for the packing interest, rs
wcl - the sales Of government gold (which viii
cake several millions out OF circulation this week
eombine for dIminuti0n Of the currency now IN the
CITY. An artificial contribution to this activity was
feared in the expected action Of the Erie clique,
should they be forced to carry money, little or much
- e might be, to New Jersey.
Dulness extended to the gold market The gross
Gcarings were 500, 900, the gold balances
t2els 3S1 and the currency balances 3d. 624 The
opening price was lslsG, from which there was
temporary advance to 1347s. This was followed by
decline to 1341 during the board After the board
the quotation settled to 1s45i l34k at ve O'Clock
Tho government gold brought 1890 for $780, 900,
a3Abs for $500 and 1916 for 5000 The loan
ing rate ranged from nat to 1872 for borrowing to two
ana four per cent for carrying. The steamer Ham.
tnonia took out $25oooo in specie.
/ The only exception TO the general dulness was ID
tho government bond market, which maintained
Hery nrm tone. The '.shorts' again shear
lng' this department Of Wall street business to-day
selling 's2s at one two per cent below present
prices on twenty day contracts. The following list
Of quotations, prevailing at five O'Clock. shows gen.
crai Improvement upon the prices at the close last
night:-United States skies, 1881, registered, l42s
. llSx; do. coupon 1881, Il5j< l15; 5-2o's, regis
tered. 1oox l07A; de. coupon 1852, I1Sf 113sl;
do. do, 1884, 1887 1857; do. do, 1865 1854
yo8K; DO. do. new, 1865 Ill Ill ~ do. do, 1867,
1I1x NIX; do do, 1855, Ill 11l5t; 10-40s, re-
gtstered, lo4,< 1o47.; do. coupon. 1ook q 1oeI.
At the FIRST open board Cumberland was quoted nc
20 AK; Wells. Fargo Co.'s Express, 2sAa 2sA;
American Express. % Az; Adams Express 49A
6o United States Express ass As; Merchants Union
Express, 20 2oH; Quicksilver, FAX Is; Canton. so
bo%; Eariposa bid; do. preferred 81 u az; Pacific
Mall, i17X lis; Western Union Telegraph 90 3s1s;
New York Cent al 124ss 124l; Erie, 4osE 4ok; do.
preferred IS "a; Hudson River 127sS 1885, Harlem,
AGO; Reading, Box 90; Chicago and Alton, I4s bid;
90. preferred, las bid; Bankers and Brokers', LOG;
Alton and Terre Hautc, 80 4oh do. preferred. 90
q; Wabash, 5sss q SO; Milwaukee and st. Paul 675s
o g7x; do. preferred, s4s SAX Fort Wayne, llois
o iI0x; Chic and Mississippi. 81 3lh; Michigan
southern. sSx $50; Illinois Central, i4i bid; Pits
purg SIX s7X; Toledo. 1ooii i0os; Rock Islauc,
JosH 1oss4 Northwestern So u S51s; dc. preferred,
57k n 87L.
! At tho first regular board Cumberland was x bet.
Gar. American Express per cent better, Adams Ex-
prcss higher, United States Express ~ better,
Pacific Mail y lower, Erie u better, Hudson River
X better Wabash x lower, Milwaukee and st. Paul
n better, do preferred y higher, Fort Wayne =
higher. Michigan southern y lower, Illinois Central
4 lower Toledo u higher, Rock Island u higher
and Northwestern preferred y lower.
In tho interval TO the second open board New York
Central sold at ia, Erie at 3s Milwaukee and St.
Paul preferred at Sc and Ohio and Mississippi ~ 81
At the second open board, ~ compared with the
ysn& Sessiou, there was advance In American Ex-
pruss Of per cent, Adams Express Y, United States
Dxpreas x, Merchants Union Express y, Canton u,
bxnposa preferred Y, Western Union Telegraph Y,
taudspn River y, Reading X. Milwaukee and st.
Siui r. Fort wayne y, Rock Island y, and de.
yatne In Quicksilver Of Y, Pacific Mail y, New York
.tsntrai Y. Erie az, wabash y, Michigan Southern
N, Pittsburg y, Toledo y, Northwestern y.
the transactions Of the last regular board closed
with the following quotations:-Csnton, 5oA so,.:
Cumberland, 30 q seh; Western Union, 90 ss,s:
Quicksilver, 2ix N5s; Mariposa, sjs 6k; do pre-
yerred, ak . 2k; Pacific Mail li1k Il7x New
York Central, 124I l24ls Erie a7k 8,ys; do pre-.
rcrrcd. % . %; Hudson River i2s 1854; Reading,
aSA esE; Michigan Central III . 40;