The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-03-14
: FINANCIAL AND CONNER CiAL.
MONEY MARK EFT.

TUESDAY, March 1876 P. N.
Stocks were oil up again to-day. We have
noticed within the past day or two an active spec
ulasive movement In tome Of the fAncies, which
have for some time past been very quiet and much
neglected. The upward movement In Reading con.
tinues with undated vgor. Nicaragua Transit, to
the extent Of more than three thousand shares,
sold to-day at On advance. II Is stated that this
company have made an arrangement with tho
Parsma line by which the price of passage will be
considerably reduced. About $50 wild be taken Off
each Glass of passengers, which will give grea.
impetus to trsva end be OF benefit to both lines We
clio esrn shat the two companies stock their gross
receipts AID divide them equally. This anar 30
mtbt must be highly favorable for the Nicaragua
Company ard will, no doubt, be for the best in.
tertss OF the other lines in Psnsma. This agree
nep' Is Tor long term, and we trust it will be
pgioiy adhered 70. The capital involved In the
Ines OF steamers which connect the Atlantic with
tie Pacific coast amounts to millions of dollars
and these Who have embarked their means
IN these enterprises should be fairly re-
murerated for the outlay and risks. iii.
rois Central Railroad bonds have been
quite active during the past day or two, and have
advsncet rapidly. The sales a, the first board to-
day enounted to s4i 900, at an Improvement rang.
ing ron to per cert, on time. We slluie TO the
old bonds The las. issue has not been operated Ia
mu,h la'ey State stocks continue active and baoy-
ant. INDIANA SIS we're not sustained 30 we'll to-day
Of others, but the sales were large. The vo and
hslfs command much better prices than the fyes.
difeTeLce 10 interest considered At the frs. board
Virginia 6s advanced / per cent; Illinois Central
Bonds, 3; New York Central "a, 4; Canton Co., 4;
Nicaragua Transit, u; Cleveland and Toledo Rail,
road, Ii Jun berlaDd Coal, 4; Reading Railroad, !;
Chicago and Rhode Island Railroad l. Indiana SIS
declined per cent and Panama Railroad l. The
rise in Reading il not temporary movement. Those
who operate with that impression will make pteat
mistake An immense quantity of stock has been
thrown upon the market at the advance notwth-
standing which prices continue to move steadily up
ward. Purchasers at current rates are class of
capitalists very different from sellers. They are
mopeyed men, who have closely investigated the
anaIs OF the company, snd are satisfied,
We may judge by the ax'ens Of their in.
vestments, that 1t Is ols of the best
purchases In the market. The facilities OF the road
for carr yDg on the coal business wers never greater
or In better order than ~ this moment. It's wharf
property extends over mile on the Delaware river.
on which the sidelings ere sufficient TO accomm,-
date the whole OF the cars ana engines, extending
In direct line over fifty miles. The road itself Ia
what is called double track, although nine miles
Of third track Is now constructed The turnouts
and sidelngs amount to nearly double the extent
laid down in the regular way Il Is now ascsrtained
that third track can b, completed for sum not
exceeding one million and half OF doIlars The
comp any owns the bridge across the Schuylkill
rtva and va,lr inkn tha .A., A..
from one river to the other. This bridge and road
formerly belonged to tho State, and originally
cost one and q lalf million Of dollars. The
Reading Company purchased it for a very small
sum about quarter, believe, of its first cot.
The company owns two squares of real estate in the
city used az depots for passengers and freight. Its
property Independent of the road and appeudages,
Ia immensely valuable, and could now be sold for
mere than double its cost. Ere Harlem, Central
and oil the Western railroad sticks, continue dull
and depressed. Not Oh of them possesses the first
el,uent Of improvement. All are selling for much
more tLan they are worth, and arc sustained upol
an easy money market.
After the adjournment Of the Board, the following
sales OF bonds and stocks we're made at auction by
s,meon Dfaper:-
ST. eco Indiana state bonds Interest added 90
goo Ohio and Mississippi RR. % mort do 59H
10000 hudson River RR "a mort, do 80
2,0o0 Indiana Central RR. los do so
leo Toledo, kcrwal & Cleye. RR. % mort......u
SO thares Cloud Engine Manufacturing Co ...... 2
loo do Cleveland and Toledo RR............T3
10 DO Michigan Southern RR..............G
AT the second board the market vas a little weak.
This might have been expected In some stocks
after the recent rapid rise. Illinois Central Bonds
fell off per cent; Virginia Gs, i; Nicaragua Tran.
sit, 1; Eric Railroad, 1; Harlem, 4; Reading Rail
read, 4; Panama Railroad, 4. The reported sale OF
Panama looks to us az though II shoud be reversed.
Instead of loo shares at 100, II may have been IN
tended TO read 100 shares e. los. II the first Is
correct, there has been the decline we notice.
The transactions at the Assistant Treasures
Office, TO day. were a. follows -
Paid Treasury northumberland. s2l7 500 80
received CO. CO. '.'.'...''''''''. ostlg VI
iaance .......,....,......,.......' 06,S77 II
laid on Disturbing checks 4,252 II
The She and Leather Bank has purchased the
Central Bank building, on the corner Of Chambers
street and Broad way, for 1880 and viii move
into II from their present location corner Of VII.
Lam and John street,, on the lat OF Mey The
price psd Ia about sl 900 leas than the coat Of the
building The bank has already had Offers for
oflces, which will give the banking rom free from
rent. The Shoe and Leather Bank Ia one Of the
best Institutions in the city and its new locs.isn
will give 1t a great Accession Of business. II isa
curious fact that leather dealers leaving the old
Swamp and its vicinity add going over 70 the west,
ern aide Of the city. To give idea OF the charsc
ter and credit Of this class Of merchants, we Can
state that the Shoe and Leather Bink'neysr has
had q note protested.
The warrants entered q. the Treasury Depart
moi m Uf0 m tha a