The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-06-20
FINANCIAL AND COMMERCIAL.

TUESDAY, June 1916 P

TUESDAY, juno 80 =
The stock market opened exceedingly buoysnt
tLis morning. A very heavy amount Of business vas
transacted, and the upward movement appears to
gain strength as prices become inflated. At the
first board Missouri 6's advanced | per cent; Cali
fcrna rs, O.; Erie bonds, 1876, /; Illinois Central
Construction, 4; New York Central Us l; Ohio Life
and Trust, /; Cumberland Coal, /; New York Gen.
trsl Railroad q Harlem Z; Erie Railroad, Ii Reading
Railroad, L; Hudson Railroad 81; Michigan South
EN-, 2; Cleveland and Pittsburg, Al Cleveland and
Toledo, 1; Chicago and Rock Island, Q. There was
quite an excitement to-day in New York Central
stock. The large sales at auction gave an impetus
10 the market, and prices were up above par. At
the board there YVES considerable activity, at an adj
vance. Erie aud Reading we're In demand to-day at
better prices. OF the latter cash stock Was plenty.
Hudson Railroad bss advanced rapidly within the
past day or two. On Saturday there were sales Of
80 per cent and it sold 10 day at 43 per cent This
rise has not brought out much stock. Western rail-
road stocks do not seem TO make any pause In
their expansion. Cleveland and Pittsburg sold
few days since ct forty-fve per cent Sales to-day
were made at 6fty.fve. Even this enormous advance
has not induced many holders to realize Railroad
bonds were freely taken to day at better prices L.
lDois Central construction and free land, amount
ing to 100000 cold at the first board ut Al advance
Of about threequArters psr cent oil round. Most Of
the purchases were for cash Erie, Hudson River
and New York Central bonds composed other pu-
chases to-day, al st an advance. The speculative
excitement existing ct the Stock Exchange has
brought out some Ass stocks We notice to-day
small ssle Of Brunswick City Land Company. Pdsre
H. peri Aps no railroad stock on the LET possessing
% wide margin for an Improvement a. Erie, and
we believe that good portion Of that margin VII
be covered before many months. In vlsv 81 its po
sitiou ard prospects 1t Ia unvGrsniaby depressed
II Ia OF this moment selling for only about opehai
rs much as Central, and there is in reality that
difference In their value We have rot yet been able
TO dscoverit u.
Alter the adjournment Of the board this morn
ing the following bonds and stocks were sold at
auction, by Simeon Draper, on account OF the
truetees OF the late Utica and Schenectady Railroad
Company
sos 900 NY Cen. RR subscn s's int added ssx ASH
Il 800 do. do. coHverte rs, do. -s10lX
s43 shares N Y. Ces. RR stock. .QqX loo 3.l5
The following ssles we're made on account Of
whom 1t may concern, and 10 close an estate -
$4,000 Lake Erie, Wabash and 81 Louis Ratlrosd
10000 NY n Sss res. :.i: e.. do s''sa
s,Ct0 Memphis city 6's... 40. so
1000 shares NY. Cen RR int added Zoe 3.15 1907
Mr. Nicolsy ssl5 o. auctios, this morSing, 20, 933
shares Of the CAPITAL stock ef the Gold Hill Mining
Company fcrfeite; fSr aeB,payment OF an assess.
neut Of 70 oeats yer share ievisd thereon. They
brought "a eeets 90 81 par snare, snhject to ssid
sssefsGse.,