The New York herald., 1869-10-05

MoSpkY Oct 40 r. III.
Ths week opened without exchemen. On INC
Speet No more failures were reporteu .oaay'
,,,,n ,hara was considerable buying and selling
,,,,,r tbo rule for the account OF nrms whose sus-
,onston has been already announced Inc stocS
ne set ,yas IN tho main strong, but dul. Inc fah
a,gn,,, stocks were weak and went or about Two
Ger cent. recovering partially towards the close OF
me day. The signs are inat the ciques are again
6,r,,,,, onopq themselves after the recent ship
,vre.k of everything like speculative comolna-
r,, aonte,de public are still afraid 10 enter the
OF TOO pool 10 do 30, and hence the prevail
mo aulnass In ;bc afternoon Lake shore TOOK an
.,,yar tlrn 10 s61 on the announcement thai
M directors ad selected George q. Ely for Treasurer
IN ni.ce Or Iearand Lockwood. Mr.. Ely was
anrDierly Treasurer OF the Cleveland AshtaOoa ana
Paypesyills Railway, the nucleus OF the Lake shofe
CONSOLIDATED lines. THIS huoyancy was followed by
) rsuetor when It stated that the investigation
nf the ssasurersnp showed an Indebtedness 10 the
cornna1- nom sir Lockwood OF nearly two millions
nj dollars which amount Wonld be reduced, u was
tnoual!t. Dy drawbacks ana by Ir. Lockwood's
nblty 10 pay ty cents on the dollar 70 SIX or seven
hnngrea thoussnd dollars The election Of Mr. Ely
instead OF Mr.. Banker gives color TO report tnat
Jay could ana Daniel Drew have united to
render ess1stanee to Lockwood & Co., for the pur.
pose Of putting them IN operation again. THIS VIII
eypam the sudaen change Of mont on the part OF
she yandcrbt party last week. the Erie party
seem determined on getting the Lake shore road IN
r,rtheraaee Of their plan Of a through route to
Chicago Hence Gelr anxiety 70 prevent the eventual
w.na ng ~ OF Lockwood & CO., which would throw
the stock luto the commodore's hands On the other
hand the directors Of the Lake shore VINO assem-.
beI to day are very conservative in their policy and
while ambitious OF through line are apprehensive
OF i'll results should they alliae too closely with the
Erie pRrtg. So stands the matter ior the present.
Tue stock market was heavy in its tendency
but was sustained by the easy condition
Of the money market where the rate on call
was seven per cent on miscellaneous colateras
up to within few minutes or three O'Clock, when
there wa3 pressure to lend at per cent. The gov
ernmeat market was subjected 10 the depressing
influence orlarge sales by the foreign bankers and
prices on The leading issues fell Off about tnree-qusr
ters per cent The following we're the closing prices
OF stocks at last session OF the Stock Exchange
Canton 81. q 534 Cumberland, 20 rs; Western
Onion, 9035 n 369S; Quicksilver, l3h 1917; MARI
posa, 90 10; do. preferred, Is; Pacific Mall, 90
53S; Boston Water Power, 13 ls1s; Adams Express,
81 u So; Weils-Fargo Express. 165l q II; American
Express, 30; United States Express, 51as a 5s Mer-
chants 1nlon Express az bid; New York
Central, l7s1s 17e; Hudson River 1871 16i15;
Harlem, l52H a 1885,; Erie, 52A s2T.; do. pre-
tcrIeu, otta oJi headlhgt eaA s4ss; Mlcnlgan
Central 100 bid; Lake Shore. s2% s24; illinois
Centrab l3o a l34; Cleveland and Pittsburg, e2A a
D3 Chicago and Northwestern, II 7l4; do. pre-
ieTred, s43s sta; Cleveland, Columbus and Cincin.
nau 1914 a IA Rock isand, 1854 o 1855; Miwau.
kee and 81. Paul, 6T IS; do. preferred, SIX 81
Toledo aud wabash, sex 81; do. preferred, so;
Fort Wayne, Sijs s.; Alton and TerTe Haute 80;
do preferred, SO BID; Ohio and Mississippi, 27ls q
252i; Delaware and Lsckawanna, los 100; New
Jersey Central, 90 q eoJa; Chicago and Alton, 14I
BID; do preferred. Al 49, Morris ana Essex, 81
s.; Hanover ana St Joseph, 100 IL: do. preferred
t19 10; Colum5ua Chicago and Indiana Central
a5S 20, Tie range Of tue principal stocks was as
folloys:-