The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-04-11
FINANCIAL AND COMMERCIAL,
EY MARX EFT.
THURSDAY, April 1916 P. Y

THURDAY, April 10-6P.A
Tbs stock market continues to improve The traasss
ons quite large and the yard movement appears
to havc force and strength in II At the rst board
Illinois Central bonds advanced q per cont; NfcsrsguA
Transit, n; Cumberland Coal, n New York Central
Railroad, Il Arie Railroad, y; GsIsna and Chicago, n
Reading Railroad, X; Michigan Central Railroad, u;
Cleveland and Toledo, T. There was very large bust
in Western rAilses I'D stocks ant this demand
greater than the supply at current rates. There
little doubt bit that this GLASS Ct securities Will take the
Lead in the pext speculative movement With wider
margin for rise, with greater earnings prop ,ron to
COST with everything abo1t tnsm growing up and In
creasng, with local travel and trao far superior 70
the Oldest roads In tbs Oldest sections the East with
territory about them sufficiently productive to support
Few road through every tract ten miles In width With
population having the mears and the disp oston t.
travel 10 fact with AL tbs Local elements Of extraor
binary succesr, VS. see every why they should
take the lead, not only il any speculative movement
but In the gradual and progress of Investment
The railroads Of wisconsin have been little developed
those Of any State eat of the Mississippi river and Jet
vs End them earning dividends from the start. Tue
Msckis and Mississippi Railroad, only hsh complsted
pais lset year seventeen per to stockh olders
The Wisconsin Lake Shore will pay five per cent In cash
ID July, and can be put down ss permanent ten PSF
cenkstook. We understand that this company
tested to the utmost Of its equip In the transpo
ton OF passenger Each ira takes from FIVE TO eight
full, and the rush is daily increasing. The Is
Crosse and Milwaukee Railroad ia doing large business
but about fifty miles o. roIo. II carried $40 600 In
jar usry, SIC 900 in February and s27 900 in March
it eces at thb rata the estimate for the year
$500 coo, will be exceeded eveand and roe 10 Rail.
quite active today. The opeoing Of the Wa.
bah Valley Railroad has brouRh. iamenss travel to
the Cleveland ard To.eio sod Tvs receipts for April will
It Is estimated. exceed that OF any Previous month
The books close In fev days for the divl-
deLd Illinois Central bonds closed drm a, s7x
per cent day tso since they sold .
SO. The returns Of railroad and land sAlss arrest
ed the downwssd movement and created a reaction Tn
result of the abd speculate Of this comps viii, be
far extrsordn ary than have besn an c pasd
year two since the project considered by som
Of wise csp taists Of tho widest spe ,uIa
oDs Now considered Ct the bsst and safest In
vestmepts Of the Day. The lands belonging to this com
psny will than pay for the entire road AID ali ia
equipment. There will 10 ultimately surplus for tns
stockholders sufficient have doubt, I, pay back
the instruments ca led in the stock leaving the the
ard everything connected with it free and ce,
vi bout est The fusure OF this grea. work ia fal .
wonderful promise II is esm At.d that the gross Arm
ings this ear will amount to two and hsf million q.
d lara, The net income these receipts viii 20 "a
tow ds he payment OF interest the compsnys b,uda
LEAVING the an1 appro ,isted for interest for other pur
poses " ,,e~sy desi able. From present appear
tho IId is Central Railroad Company will mofs
han rsAIss tho highest value fixed upon It's entire
lsnded estate
Aftss he .ejo1znnsat Il tAs sSa<d the folowAs s.,s