The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-03-28
FINANCIAL ANO COMMERCIAL.
N ON II Y M ARK n r.
TUESDAY. March 27-6 2

TUESDAY, March 2I-6 K. M.
There was quite buoyant and active stock
market at the first board this morning. The Euro
pean news had favorable effect on prices and
some Of the leading railroad stocks were In demand
ct the improvement Upwards o, five thousand
shares OF Reading changed hands at toe first board
and closed firm. Erie Railroad sold to some extent
today ct an advance. The shorts we're evidently
large purchasers and at the close the tendency was
still upward. Illinois Central bonds sold q. better
prcesto the extent Of thirty Thousand dollars; so
did Erie bonds Of 1875. The two most prominent
stocks on the market at the pressn. moment are
Reading and Erie; but We do no. think they will
advance together, or that the latter can be long
sustained any advance on current rates. while the
former has . margin for further improvement equal
to that which has lately been covered. The pur.
chaaes to-day show the strength Of the parties en-
gagged In the movement, and daily returns Of the
coal business on the road show It's enormous pro-
due>ivenese The aggregate coal tonnage for the
moxEh Of March will be but $50 900 tons, at 81
per ton against l43 900 TONS at 81 20 per ton for
the same time last year. This increase in quantity
and price must swell the income Of the company
immensely.
At the first board to-day Virginia sc advanced /
per cent; Illinois Central bonds. @; Canton Compar
N.Y. Lfic ntiuo1o, +, huluB hAhIOtN, IL ClcV6-
land and Toledo Railroad declined per cent. The
market il on the whole In o more satisfactory state
than If it was under great speculative excitement.
Any advance now realized becomes strengthened
before another step forward is taken and, as the
improvements which have taken place nave been
based upon actual changes for the better in the con-
dition Of the different companies, we msy iaok for
continued stesdiness in the market value. Where
Sbaa dec har haa, - h,. Io<..
favorable eli cumstas COS. It will be seen, upon refs
TO the stck list that some of the f.ncies have
not moved mucl during the pas. sixty or ninety
days, showing that there has been general speeu
la.iop. Great discrimination has been exercised in
operations thus far this season. and we have 10 idea
that there will be less caution prac.ced as prices
expand. The abundance Of money bss brought many
purchasers in the market, more for the permanent
employment OF capital proftsbly than for any tempo
rasy speculative venture. The changes which have
been made in the policy Of our Leading railroad
compsnies have worked wonders in their financial
condition, and the stocks better worth current
rates than ttey at the deprecated prizes ruling
ninety days since. We do not consider the stock
market any more inflated than it was last October.
Reading is In reality, worth more than # Is selling
for Eie has improved considerably; railosd bonds
is mere solioity to every stock on the list-more
ability on the Part Of holders to carry them, and
more confidence In their future procuctiveness.
After the O. tournament Of the board, the following
ssles Of bon;s and stocks were made At auction by
Simeon Draper -
200 New York Central Railroad rs int added l0li<
10 eco New YorE and Erie Railroad, 1875, do. 81
20, 600 N, " and Paterson Plank road 7s, do. IS
5000 Ohio and Mississippi h X % mortdo... 57I6
200 New York Union Club, rs, do. ss
10000 Missouri State bis, 1873, de-. o.
10 shares New York and New Haven Railroad 49, 20
IL DO. Third avenue Railroad. ........ .....,. %
20 Go. Home Insurance Company .............. s2IS
The Island City Bank stock sold a. auction yes
tertay brought "a per cent; Bank Of Comucnweal.h
96 ex-aividend, and the Marine Bank 100
At the second beard lower prices ruled and the
market closed heavy. There was no. much done.
Erie fell of per cent; Reading, I; Hudsoi River
Railroad, Ii New York Central R,ilroso, Il Cleve-
lard and Toledo Railroad, h;i Illinois Central bond,
]. Erie bonds, 1876, advanced per cent
The Hamilton, Globe, fremont, Mercaan.s and
sbawmut banks Of Boston, have declared semi-
annual dividends Of per cent. The Columbian
ard State bsnks will pay 81 per cent.
At the first meeting Of the stockholders Of the
EG.ge Albion Mining Company held Mach %,