The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-10-20
FINANCIAL AND CONNER CIAL.

TUESDAY, Oct. 1s-d T. M.
While the amount OF business in the stock market
to-day was above the moderate volume Tor the van
derblt shares the general tone of business was
dull Prices were irregular ana tue speculative iees-
inc divided me Vanderbilt shares feel the APP
nroacn Of the time for the ratification OF the resolu-
t,ons of consolidation adopted by the directors OF
Central ana HUDSON River, tue meeting for which
occurs on the Isl or November In addition 10 TINS
the prospect or horse railroad attachment TO iar-
lem invests that stock with something Of the interest
which 1t win be remem bered, was once excited by
the pan OF a Harlem horse railroad IN Broadway.
Again the ceremony OF unvelng the Vanderbilt
statue at ST. Johns Park lakes place soon after the
Ist Of November; and the invitations are already
out and as the AFFAIR VIII be feast and festival .
fule, de rose aspect Is gwen to every enterprise
which savors of Vanderbilt influences. New York
Central touched 100, Hudson River 17l1s and
Harlem 1867. Erie seemed to sulk at Its
rivals progress ana Went on to %, but
recovered TO 301s. Lake shore was compare
tively steady and strong IL seems that the
directors, ring are short OF the stock, having
unloaded between 90 ana %, and are very anxious
10 get il back again; but they nave succeeaea SO
well In impressing the street win It's uesirapie
character as an investment that all that is offered
for the breaking OF the market Is freely taken up
II Is shrewdly suspected that the snag which they
have thus struck is Daniel Drew. who saw nice
opportunity TO make a short turn The directors
had meeting to-day and doubtless the governing
..rIngn win develop something startling as TO the
embarrassment of the road the effect OF which VIII
be 10 Brighten the tmld puoc INTO letting 90 Of
their stock at prices which will enable the aforesaid
ring to ..cover'' ana buy back. The Northwest
stocks were heavy ana lower, the common going
OF 705s The st. Paul stocks active and the
common sold at $751; upon the announcement that
the decrease Of earnings TINS week was only $4,000
against s67, 600 the first week IN October-ooth
weeks being in contrast TO 1868. Tne money market
was also a little more active showing the increased
movement OF tile crops as indicated in the improving
Western railway earnings, and the rate on call
loans with pledge of stock colaterals was
TO seven per cent, the former being
the figure where the stocks were OF
preferable character. On governments borrowers
were fully supplied al five to SIX per cent The fol
loving the closing prices At the last session Of
the Stock Exchange:--Canton, 81 q 52; Cumber
land, 267s q -; Western Union 35ls a67l
Quicksilver 1875 -; Mariposa, a 2; do pre-
ferred. 1915 IL Pacific MAIL 5S7s SO; Boston
Water Power, Il bid; Adams EXPRESS 57>s bid:
Wells Fargo Express, lSls q II: American Express
80 a $3.50; United States Express, 571s 5sA; Mer-
chants Union Express, e5s bid: New York
Central, lSS 1885,; Hudson River, 173i4 a III;
Harlem, 1854 140 Erie, 80 3ojs do.
preferred, 90 a 81; Reading 96A a son. Michi
gan Central, l24 bd Lake Shore, Oh. 9l7s;
Illinois Central, III 4 bd Cleveland and PttsDurg,
80; Chicago and Northwestern, III a 1lss: do.
preferred S31s bid; Cleveland, Columbus and Gin
cinnatl IS 7s Rock Island, 1917. 1875; Mil
wauSee and St Paul, S.. 6Sls; do. preferred,
sl4 as11s; Toledo and WABASH CO.. So; do pre-
ferred, 75>. bid; Fort Wayne, sax $40;
Alton and rerre Haute 81 80: do. preferred SO:
Ohio and Mississippi, 26Ia 26& Delaware and
Lackawanna, 10 a ll0h; New Jersey Central loi
. l02; Chicago and Alton 144 a l44a4: do. pre-
ferred, 1923 las; Morris and Essex. SIX IS;
Hannibal and st. Joseph. 1922. liOt.; do. pre-
ferred, 100 ILL., Columbus Chicago and Indiana
Central 23a4 24. The range OF the leading stocks
to-day is shown IN the tablet