Year: 1868

WEDNESDAY. Nov. 25-6P. n.


To-day being Evacuation Day, was . half holiday
In Wall street. The government board adjourned at
noon. There was but one session OF the regular
board and but two of the open board. Business was
continued In the long room after the boards and on
the street. but with little activity, owing to the alb
sence OF the prominent dealers and operators who
took advantage OF the concurrence OF two holidays
70 leave the street at an early hour.


Tho stock market was steady, strong and portion
OF the time buovant. There was positive apprecia-
tiou In the price Of gold, which made stocks ascen
sive In their tendency The business at all the boards
was small In volume and pretty well distributed over
the list except as to New York Central Fort Wayne
and Rock Island which the features Of the day.
mere was strong undercurrent Of good feeling
towards Central, on account OF . reported accumu-
lated surplus, capable Of permitting dividend Of
twenty-five per cent, II the directors will consent to
share It among the stockholders. Fort Wayne
showed rapid Improvement within the twenty four
hours, advancing at the close to 112 strong. Rock
Island progressed 10 10s and fraction. Prices Of
stocks at the first open board were strong and were
followed BY slight advance at the regular board.
The ease In money the rise In gold and the proximity
OF holiday made the market at the last open board
quite bu0yant. The street transactions later in the
day were still more active, on account Of report
chat the Secretary OF the Treasury had about
60 reissue ten millions Of the three per cents
. step which would render money extremely easy.
This report lacking confirmation there was falling
on at the close from the highest figures Of the day.
Erie sold down to 37k and rose In the afternoon to
SSH. Very little was done In 1t, however. and
whether In the long room the street the buyer
or seller was greeted with jesrs by his brother
brokers. 1t required considerable nerve to bid for
or 0fer this prescribed stock amid the hilarity
prevailing on the eve OF q holiday. The animus
toward Erie seems to have died out, and 1t Is
quietly left to such fate as the clique may
work out for 1t. The fact is well known
that there are very few shares outside
their tin boxes, and hence the swindlers are
len to reap the penalty OF their fraud in the depreci
alton OF the price. They cannot get rid Of the enor
m0us load OF stock in their possession without retr
ang the Overssues. This the law would Immediately
punish as felony The street viii have nothing to
do with Erie stock and 80 1t remains upon their
hands, constant reminder Of their rascaity and
marketless and almost valueless commodity. The
committees OF the boards have made no report as
get on the subject OF requiring its registration They
meet again on Friday. Mining stocks were dull.
Smith Parmelee sold at 81 35. Express stocks
were irregular, with Merchants Union very weak at
the close.


Gold and governments were the features OF great
est interest The former. despite the contributions
20 the market by the continued sales OF government
treasure, rose clean per cent during the day.
The cause is remotely traceable to speculation in
government bonds, which are coming back from
Europe and VIII require to be paid for with gold.
The rise In gold stimulated rise in the stock mar
ket. The German bankers were large purchasers OF
the precious metal The range in price is shown In