The New York herald., 1878-11-20
FINANCIAL and COMMERCIAL.
The Stock Market Fairly Ac-
tive and Steady.
GOLD STEADY AT 100 Is.
Government Bonds Strong, States Dull and
Railroads Irregular.
Money on Call Active at 8 9
a 4 Per Cent.
WALL S1nrEr.

TUESDAY. Nov. 1916 p. M.
There has been no change Of performance on the
Hock Exchange to-day. The time worn comedy OF
Brokers Market still holds the boards and the
shifting scenery of manipulated values runs in the
grooves. There being little nothing Of pub
ic-even q papered one--to make "house" before
the curtain whatever there worthy Of note lay
In the dongs behind the TO get ut these as
difficult to penetrate into the coutisses of first
class theatre While the Thespian Cerberus jeal-
ously guards the stage entrance the inquistve job
ber in shares is forced to dire dnctausbrc at the
door of the leading stock operators. There Is sure
rebuff in either case. and consequently good deal
Of guesswork must be INDUCED In as to what consti
tutes the 'penetrdJia' Of both Some driblets
speculative interest have. however leaked out to-
lay. and upon these changes in prices were based
Primarily there was weakness In the coal shares
Central Of New Jersey fell from 32 to 30s and closed
at 3lh. Prices which had worked up during the past
week on information favorable to the road, both
present and prospective. gave way to-day because
leading operator sold out his stock and because
rumor existed that advances deemed injurious) had
been made to the New Jersey Southern Company for
slease of their hnes Likewise was there drop Of
pne per cent in Delaware and Hudson. 1t appears
hat there is considerable doubt as to whether the
,A8O 900 bonds of the defunct Boston Hartford and
Erie road held by the coal company and guaranteed
" to interest by the equally defunct Erie Railway
Company will continue to be guaranteed by the newly
reconstructed Erie company. Rumor to-day had it
that had decided adversely to the coal carrier
and hence the decline in market value. Some weight
is to the report by the fact that the knowing
In the Delaware and Hudson speculation have been
sellers Of stock for several days back and that the
price within the same period has fallen some per
cent. Speculation in the railways as mixed as
Nesserole pudding. Prices up at one time and
down ut another, with general termination that
brought opening and closing quotations AZ nearly
Nike pair Of twins. The strength Of the day lay
in the grangers and the weakness thereof in Ohios
There was nothing reported, either In the shape OF
iact fancy, to affect the status of the former and
only one circumstance to disturb the latter. This.
however. was an important one. for It was to the
effect that the second had taken
legal steps to forecose the road and that proceedings
to this effect had been brought at Cincinnati to-day.
Upon this statement the price dropped from ~ to 7.
but recovered to IN at theend Tho war between
of the Western lines in the matter Of passenger
rates continues virulent ever but appearances
are that some sort Of compromise will be come to
and peace declared before the week is out So think
at least tho managers Of tho Pennsylvania, Lake
Shore and Michigan Central railroads. who havo
ferred as a committee to arrange the dinaculty now
existing to passenger rates between the Atlantic
and Great Western and Bee line and the Pan Handle
road It s understood. aresrt Of the conference.
that temporary difference Of So will be conceded to
the Atlantic and Great Western road, but not
TO the Bee line At the present time
passenger fares between Cincinnati and New
York purchasabe at prices ranging from 81 to
Sc. On and after the 25th inst. the new rates for
eastern bound freight win go into operation.
pecally upon fourth class matter which will be I'D
vanced from twenty nne cents to thirty-hree cents
per 100 pounds As previously stated speculation to-
day decidedly mixed, aud traders much nt
fault as hounds upon stale scent. Buyers of ycster
day sellers to-day and rice rrs1 and the situa-
tion that would have puzzled financial Dun
lreary The best prices Of the day faded away at the
close. partially the selling to realize profits and
partially from unexpected pinch in the money
market. which at ono time carried the borrowing
rate up to per cent, though accommodation
afforded from to two per cent cheaper at the
end.
The opening. highest, lowest and closing prices OF
stocks and gold at the New York Stock Exchange
a Foil