The New York herald., 1868-11-24
FINANCIAL AND COMMERCIAL.


MONDAY, Nov. 23-o p. NJ.
fnere IA a return OF steadiness and buoyancy to
ne stock market as consequence OF the elimination
m Erie Prices to-day maintained an e4uanmity IN
nee of easy money, which 10 an unmistakable sign
sha, a healthier tone has been impaired to business
nv the disastrous effects or the Wild speculation pre-
sailing WITHIN the past two months. Transactions
today were cautious yet active, but without cnthu-
siasin. The question OF striking the stock OF the
Erie Railway Company from the stock list before
she respective committees OF each board nut was post
poned 20 Wednesday next for further consideration.
The petition is still in circulation and has received
large addition Of signatures II is also suggested to
have the stocks Of other corporations likewise regis
tered as q condition TO their continuance on the
stock list The legal proceedings In the Erie
create great deal OF interest, and rumor Ia afoat
tonight that the clique conveying their papers
ana effects the river 10 Jersey City, The stock
was almost neglected to-day. The few transactions
N 1t took place between 40k and 42H. The demon
strations against other stocks by the clique have
Eliien through. When 1t became known that they
were almost without money and were unable TO dis
pose OF the load Of Erie their tin boxes the street
was quick to perceive tnat they were powerless to
make any new movement, and consequently aban-
doned those stocks which were supposed TO be on
tie programme for corner The favorable condi
tiva OF the money market, shown Dy the bank
statement, is stimulating speculation, and "b1lln
market for stocks prophesled. As yet this feeling
u not without restraint ana the rise III stocks to-day
is not commensurate with the ease I'm money. The
business at all the boards was well distributed over
the general list New York Central was perhaps the
most active. Pacific Mail rose as nigh as lls on the
strength OF report Of regular dividend hereafter
IL declined later in the day to ll6s4 Hudson River
fayorite and was quoted as high i2S. St. Paul
emerged from the comparative oDscurity TO which its
great ial consigned 1t, and rallied several per
cent Fort wayne assumed something OF It's old re-
spectablity and was quoted over lilo after the
boards. ohio ana mississippi went over 81, while
Rock Island, which was pushed because 1t was said
the clique gong to take hold Of it, receded to
1865, a l07. The Northwestern stocks were steady.
Express stocks recovered from the depression OF
Saturday night as q consequence OF the withdrawal
ol The ..beari' influence then work. meeting OF
fne various companies was held to-day, but nothing
further done toward an adjustment OF their rival in
terests. Cumberland, which quietly progressed
during the recent excitement, is now quoted
about 40.
Geld opened weak at 134I ana declined to 1874.
Tie government sale berelt the market OF strength.
After twelve O'Clock there was sudden recovery III
Tire price to 1344 account OF the drmnCss OF ey-
change. There was also sudden impetus given TO
he borrowing demand, and the rate changed
from nat and one and two per cent 10 l-64
ard l-32. Alter the board the price
yielded, but recovered about five O'Clock, when
the quotation stood i34ss l34x. The government
gold brought 1883. The gross clearings were
$3s 240 oo0 the god balances 452 and the cur
rency balances 81 207l, ,o84-whch figures evlnce the
general dulness OF the market. The range in price