The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-12-10
FINANCIAL AND CONNER GAL

IN the afternoon, or new Board OF DIRECTORS o. no
New York Central Railroad and the prospect OIL the
declaration OF an extra dividend at the meeting TO
be held in consequence. Promises Of such dividend
have been SO freely circulated during the past lew
days, accompanied with counter assurances that
none would be declared, and the stock 80 extern
sively bulled and beared alternately upon the
strength OF these conflicting statements. thas II u
not surprising to-day, as the one which would
bring solution Of the question, witnessed numerous
fluctuations therein and considerable excitement
Much anxiety was felt durin the day to learn OF the
proceedings at Albany, the character Of the new
direction exciting as much interest," although diner
emily expressed, a. the probability OF dividend
being declared. Information reached the street IN
ne afternoon satisfying the rst subject OF CURIOSITY
but the latter except In SO far as no news might DC
Regarded as a negative answer, was At Late hour
hd open question.
1t Is learned by dispatches from Albany that the
election was held without excitement or other spe-
cial feature and the foil owing ticket elected without
Opposition
FOR Dueotors-Corneus vanderbilt of New York;
Daniel Torrance, of New York; WIN. IL. Vanderblt,
of New York. Horace r.. CLARK, OF New YORK; James
York; samuel +. Barger, OF New York; Henry Ba1-
ter OF New York; Joseph Harker, OF New forx; WIN;
sprins f Mass; Amasa Stone, Jr Of Cleveland,
Ohio, and James F. Jay, OF Detroit, Micn. c,.
to hsspsctos o. Me NeTs Eectq prya A. 4
bany. N. r.. Nicholas B. La Bau, OF Luzerne, n. y.
This as win be seen by the name which heads the
list, is what is known as the yanoerbt ticket, and
assures controlling influence In the road 10 the
Vanderbilt party for another term. No news has
been received Of the declaration OF any dividend.
although a rumor prevailed on the street this after
noon to the effect that one OF per cent had been
declared.
1t was further reported on the street that Judge
Boardman, OF the Supreme Court, Oneida district,
had dissolved tho Injunction granted by Judge Car
dozo which restrained ex.Judge Davies from acting
receiver of the Erie road, but the rumor failed OF
any effect upon the market The fact is the legal en-
tangement Of this stock has become so great and the
questions Of authority and liability so involved in
law technicaties by means OF orders and counter
orders, proceedings ''ec parte !" 'n Chambers ana
'in Term" Special and General, that general con-
victon has come upon all dealers that the safest
respecting it Is to let 1t severely alone. Five
Supreme Court Judges and two United States
Judges have heard arguments or issued orders in
the matter and such IL the muddie thereby occa-
stoned that even the famed acuteness OF Phlade
phia lawyer would be insufficient for clear ex-
pianation Of the precise present condition Of the
controversy. The quarrel Is one which as IT now
stands does not interest the outside public. and 1T
ere best to suffer 1t to wear itself out.
The gold market between the hours Of opening
and closing the Gold Room quiet and steady, In
the absence Of any new excitement or speculative
movement. IL opened at 1861, declined 70 1851,
advanced to 1851, Dnctuated most OF the day be-
tween that figure and 1861, until near three O'Clock,
when it suddenly advanced to 1854, ut which figure
it closed After the regular market on the receipt OF
the news that the Senate had adjourned during the
reading OF the Presidents Message in hun at some
structures upon that body contained In II, bull
movement was started and gold advanced to 1851,
with sales at that figure. At the termination OF
business it held AZ 1885, Transactions during the
ment being as above.
The transactions at the Gold Exchange Bank to-day
were as foows-Gross ciearings, $50, 665, 900; gold
balances $172s.577; currency balances, s2,s97 702.
Cash gold was plenty, with slight borrowing de-
mand satisfied at Tat; from to per cent was paid
for carrying.
: Money was active to-day at to per cent, the
larger number or call loans being at the higher rate.
First class houses prime coaterals could obtain
money OF o, but the regular rate was 7. Exchange
dull and unchanged. except for bankers. which
advanced -.
Governments opened firm, with slight advance
in prices, which seemed to indicate an upward
movement, but before noon the market grew dull
ana ut the call was little of the morning quota
tons Between the noon and Quarter-past two
boards business was light, but prices remained
steady. At the last call the market became active
and closed with return to and In some cases an ad
vance upon opening rates. The only sales at the first
board were or sis at 1l4I and 1858 at 1917. At
the noon call 62s sold at ILL., tenfortes at 1864 and
o considerable lot Of Pacihcs at 99z. At the last
board the sales were Of large amount for special
securities 62s selling At Ill, '64's at 107 and 1919,
buyer three. and 1878 at 11o1s There was quite an
active move ment in the currency bonds to-day, and
the sales OF Pacifcs at this board Amounted to
nearly 100000 at eoh. Later soI was bid for large
amounts and sales made at 99H. The market for
governments closed strong.
The following were the quotations at dve o'clock
Registered, 1881, 10 110I; coupon, 1l42i ll5;
5-20's registered, 107 1o7k; coupon, 1862, Ill q
l11A; do, 1854 1871 107h; do, 1896, 1os 1oSh
do, new. 1865, t1o1s q li0h do, 1857, ITO l1oh;
do 1868, 11os1 Ill; 1Os0s, registered 1885, lO3
coupon, 1867 tO5T; Pacific Railroad u.s. 99H
aq9t,.
State bonds were quiet and without noticeable fea-
snre. The following the quotations az the last
regular board-Tennessee o's, ex coupon, 6sA q
69h4; Tennessee 6s, new, os 6s7S; Virginia 6s ex
coupon So; virginia 6's, new, SIX q 5s5z; North
Carolina 6's, ex coupon, 65< 65A; North Carolina
6's, new, 81 q 6S,S.
The stock market was duh, heavy and unsteady
during the greater portion OF the day. New York
Central, Rock Island aud Northwestern being the
most excited on the list. These we're variable all
day. the former because OF the election and the talk
OF Q dividend, and the latter in the hands Of
SPECTATORS Sales at the nrst open board were
made as folows:-New York Central, 124,. Wabash,
81; st. Paul. 05,s; 40. preferred, SAX; Fort Wayne.
l1Ox Il0l; Ohio and Mississippi 3o%; Michigan
Southern SOFA SIX; Pittsburg, s5X; Toledo, 1o1<;
Rock Island, 1919 1o7k; Northwestern, 77ys; do.
preferred, So5s; American Express. Az Az;
United States, 46.
At the nrst regular board prices advanced on New
York Central IL, on Fort Wayne "a on Toledo II,
on Rock Island u, and on Northwestern preferred
u. Northwestern common declined Il. Sales were
made 0f Pacific Mail at 1I5H, Hudson River