New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-11-03
Total. ............"..........sl.oOo.Ooo

Government bonds opened dull, and declined in SYM
patty with the lower quotation OF gold The transac
tons were moderate at decline Of i9i cent from the
opening The Government credit as represented
by the decline in gold shows steady improvement and
bonds are now higher in gold than when they were
selling at 1913. At the close the market was steady, at
rally Of cent from the lowest quotations
State bonds were dull and steady Tennessee per
cent excoupon sold at 6aGi Tennessee New per cent
50 asst, Virginia per excoupon, So New bonds, say
North Carolina New bonds, $751; North Carolina special
tax bonds 4Ot 9nt; Georgia per cents % Alabama
per cents ooh NewYok Central per cents OF 76 sold at
9s Rock Island per cents, 49, Bank shares and miscel
laneous stocks dull with the exception OF Western
Union Telegraph which quite active at 6id36i Pa
cdc Mail ranged from So to 49, The annual election for
directors win be held the 18th OF this month The
transfer books Will be closed the h and reopen after
the election Express shares we're duh. Adams sold at
$50; American, 3Ii; United States, So.
The Railway share market opened in panic on the
Vanderbilt stocks and weak the remainder OF the list.
New York Central sold at IFS; Hudson 100: Harlem 1874
Reading comparatively steady at 95i 995l Michigan
Central sold at 1885, Lake Shore ssioSg Northwestern
common $50 a66l Northwestern Preferred, s3Gs3s Rock
Island 1911 1921 Chicago aud Alton lISi Chicago and
Alton Preferred, 1851 NewYork and New Haven, 1879;
NewJersey Central exception 10 the general list
and advanced TO 97t Columbus, Chicago and Indiana
Central sold at 27tdgt Tho market continued feverish
until the the Second Board when prices improved
from 10 per cent aud became somewhat steady. At
the second call the market again lower, but rallied
again at its close The transactions in NewYOrk Cen
trail Michigan Southern. Northwestern Common, and
Rock Island were unusually large. and attended with
great excitement. At the close the market recovered
from the depression and the dealings marked with
more frmness. large short interest covered 70
day. and stocks In demand for delivery. The Off
cla terms OF the consolidation Of the NewYork Central
aud Hudson River Roads not made public to-day.
but IL is authortatyey stated TO be follows Holders
OF NewYor Central TO receive 100 shares OF con-
soldated stock and O7 shares OF consolidated scrip in
exchange for per cent certificates attached TO tho
old stock holders OF 100 Hudson receive 100 shares or
consolidated stock and IS shares OF consolidated scrip
The NewYork Central stockholders will also be paid
cash dividend Of s00O per cent, in order TO equaZe
the dividend days OF tho two roads. The scrip will
be detached from the stock and dealt In separately 1t
| is to receive equal dividends with the stock and
tho directors at any time, by resolution,
order It's conversion into stock The conservative action
OF the manager the roads In not making larger scrip
dividend caused heavy sales of stock by disappointed
holders but ON the present capital Of the consolidated
road the President satisfied that he can pay per cent
per annnm and have surplus hand at the end OF the
year New.YOrk Central closed at ls2Gls2t; Lake
shore 9Oa o9Ot Northwestern Common, 67iS6s North
Western Preferred, sat
The following were the closngl quotations OF Govern
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