The New York herald., 1874-11-11
Encouraging Views of Business
Men.
A FIRM STOCK MARKET.
Improvement in Bonds and Invest
ment Securities.
GOLD STEADY AT ITO IA
Money More Active and Showing a Tenn
porary Advance.
WALL STREET.

\
TUESDAY. Nov. 1916 p. ii.
Tne irmness that has recently characterized the
market continued to exhibit itself to-day. There
were the usual fluctuations but the undertone
was well sustained until nearly the end, when, in
obedience to some pressure, there was a trihing
decline in prices. somewhat thorough inquiry
ehcIts the fact that considerable buying has been
done by outsiders in anticipation OF brighter 1u-
tnre, and how well their Judgment Is established
may &c inferred from the following extracts from
portion OF the recent correspondence or PROM
Inent banker which we are permitted to use:-
CINCINNATI Nov. 6, 1874.
We must report better general trade in this
that we are not completely dead Increased con-
ndence receipts at the banks OF more money IN
small lots, and confessions on all sides are gradu-
lett.
We are glad to report decided change Tor the
better ~ business here, and more hopeful ieel-
ing prevails.
1t appears to US that the political revolution OF
last Tuesday IS the. hnal cleansing OF which The
country was in need; the new year. we believe,
Will show at any rate great Improvement in busl-
ness.
LANCASTER, Pa Nov. I, 1874.
Our business men mere express more conf
dence.
Just at present need considerable money mere,
aB the brokers' business has started up suddenly
and trade seems TO have received0 new impetus.
Tne foregoing extracts, llluStraf1ng as they do,
healthier and more hopeful situation, likewise
justify the prophecy that unless some untoward
event occurs in financial circles-and there is Ger
talnly no indication Of any mishap--the incoming
year will witness our entry upon career of
prosperity that will compensate Tor much that we
have lost, although our business may be done upon
lower basis. Capital is even now begin
ming to speak with voice that carries
no uncertain sound. 1t is needless to
analyze the stock market or do more than
indicate the chief movements. Erie was excep-
tiOnally strong in response to On improvement in
London. Atlantic and Pacific Telegraph showed
signs OF lameness which were ascrlbed to the de-
lay and uncertainty attaching to the laying OF the
new cable, late news pointing TO the necessity Of
gained trine, however, on the closing prices last
night. Pacific Mail, st. Paul, Hannibal and st.
Joseph aud Union Pacific were lower. O.. c. and l.
C. received more than usual attention. Lake
Shore moved up to S2l4, but subsequently, owing
70 desire to realize for turn, went OF to SIX.
THE TRANSACTIONS
amounted to $1,000 shares. which were distrib-
uted among the principal stocks as follows:-New
York Central and Hudson. 2,4oo; Erie H. 2oo Lake
Shore, As 100; Northwestern, $500; Northwestern
preferred, 800; Rock Island, 1900; Pacific Mail.
1890; st. Pau, $500; ST. Paul preferred, 200;
Ohios, 2s,soo; Western Union, l5.4oo; wabash,
12soo Union Pacific, 81, 800; G., e. and l. c., 1900.
OPENING, HIGHEST AND LOWEST.
The following table shows the opening, highest
and lowest prices Of the day.