The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-09-02
FINANCIAL AND COMMERCIAL.
WEDNESDAY. Sent, 1-oP.M.

WEDNESDAY, Sept Id p. NJ
Although the interest Of the stock market was
again largely concentrated to-day on New York Gen.
trail the fluctuations OF the general list more
sympathetic with the movements OF Chicago and
Northwestern, In which more than usual interest
was TAKEN from the fact that the directors to-day
elected president to oil the vacancy occasioned by
the death Of Mr.. Keep, IN respect Of whose memory
month was allowed to transpire before the choice
OF q successor was made. 1t will be remembered
that the temperance OF Mr.. Daniel Drew
IN the street some time since gave rise
to report that he was the asprant
for the position but he either declined prosecuting
his claims gave way TO other candidates. The
choice finally lay between Mr.. II. Il. Baxter, sup
posed to represent the Vanderbilt interest on the
street. and Mr.. Alexander T. Mitchell, President Of
the st. Paul road. The election went in favor OF the
latter gentleman. and is therefore triumph for the
regular Northwest party, who have controlled the
road for long time past. Upon false report that
Mr. Baxter mad been elected the price ran up to
s6H, but uSon the real result becoming known,
sSe price broke to "a for the common and 90
for the preferred. Mr.. Mitchell's friends and the
Northwest party here and took all the stock
offered, which had the effect OF again sending the
common to e5 Mr.. MITCHELL the president elect is o
wealthy Milwaukee banker o Scotchman by BIRTH
and shrewd man in finance and business. His ad-
vocates look for an energetic and enterprisng ad-
ministrati0n OF his Ce. New York Central was
again subjected to the usual reports Of meeting OF
the directors. but 1t was generally conceded that
whatever Ia in the wind nothing has as yet
been DONE although private dispatches announce
that Commodore Vanderbilt is to arrive In New York
tomorrow. 1t touched 2O5z, and then in the
'break" Of Northwest fell Off to 203, recovered to
2O5 ana closed about 2O4 2O4H Erie rose to 49, the
md 0nn lint fall OYt o "a
later in the day. small firm who were "short" Of
this stock failed to-day. Reading was Irregular
opening strong and advancing to 971S from which It
dropped with the general market, as above noticed
to 96X. Lake Shore was steady from 1861 to 1861
Rock Island, the rival OF Northwest, rose to 49,
when the latter declined. The st. Paul stocks were
active, and closed higher and bu0yant. In the mis-
Celaneous list Pacific Mail was quiet and Western
Union strong and active. The following were the
closing prices at the last session OF the Stock Ex-
change:-Canton, 90; Cumberland, 3lk bid; Western
Uaion. ak a7N; Quicksilver. is o 161; Mariposa,
Tao; do. preferred. 123f 1sK; Pacific Mail, so q
soh; Adams Express. 5ex bid; Wells Fargo Elk.
press, 19k 20; American Express. S5X SO; United
States Express, SO; Merchants Union Express IL
bid; New York Central 2O4x 204X; Hudson
River, 1seA 1877; Harlem preferred, 100 bid; Read
ing. 81 o7X; Michigan Central, 12o q 1870; Lake
Shore, 1904 106%; Illinois Central, 137X 1SsK;
CleYeasnd and Plttsburg 1o71< 1O7X; Chicago and
Northwestern, 85X 85T; DO. preferred, OAK
o4T; Cleveland Columbus and Cincinnati, Tx q
79h; Rock Island, lis 115H; Milwaukee and St.
Pau, 7sk; do. preferred SIX a SIX; Toledo and
Wabash s3N s3N; Fort Wayne, ssx q ssK; Alton
and Terre Haute, S4K 81; do. preferred 50; Ohio
and Mississippi, 321 32H; Delaware and Lacka.
wanna, ll2 49, New Jersey Central 1867 q 1867;
Chicago and Alton 1856; do. preferred 157; Morris
and Essex, SO SsK; Hannibal and st. Joseph, 1873 q
125; do. preferred. 1913 a 124; Columbus Chicago and
Indiana Central, 49, The following shows the ex-
IRENE fluctuations Of the leading stocks In the gen.