The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-03-10

The stock market continues buoyant and ami
mated, and further advance in prices has taken
place, This morning, at the commencement of
business, an order for three thousand shares Of
New York Central-supposed to be for Albany
account-was executed by leading broker; the
consequence was an advance of two per cent in
the price. The stock reacted after the first board;
in the afternoon it sold at 74t, closing that bid,
against 72i at the close yesterday. The impression
ia general that whatever becomes of the Pro Rata
and Toling bills, the Central will manage TO take
care of itsel. The business in this stock to-day
was very large. Rock Island and Galena were
likewise active, at an advance of about one per
cent each; they closed to-day at 6is and 59s
respectively, against G3j and SIS at the close
yesterday. Illinois Central jumped up to 81, clos
ing that bid against 500 at the close yesterday. The
recent advance in this stock will be likely to bring
over some shares from England for sale here. 1t is
doubted in many quarters whether the increase in
the net earnings of the road corresponds with the
increase in the gross receipts; much Of the cotton
and sugar carried from Cairo is transported at very
low rates The Michigan shares are well sus-
tained-the Southern by parties who are operating
on the strength of arrangements lately made be-
tween the Southe IN and the Grand Trunk the Cen
trail by Boston friends of the stock, who naturally
consider that their negotiation for the renewal Of
their maturing bonds will be assisted by an appa-
rent recovery in the market price of the stock.
The earnings of the Michigan Central have not
shown the progressive improvement exhibited on
most of the Western roads; for February they
were sl0 74s against sl02 $50 last year, the traffic
during most Of the month having fallen short of
last year. When navigation fairly opens on Lake
Michigan, the Detroit and Milwaukee viii probably
affect the receipts Of the Michigan Central Read
ing rose one per cent, closing l2l bid against III
at the close yesterday. The demand for State
stocks continues very lively, and further advance
was realized to-day in almost all descriptions.
Federal SIS advanced |, Tennessees I, Mssouris 4.
CALIFORNIA; l. these securities are being taken by
the public (mostly at the South) for investment,
and look as though they might rise much higher
Good railway bonds as Galenas, New York Centrals.
Erie firsts and seconds, Harlem and Hudson Rivers
are likewise much wanted. After the first board
to-day the bear jobbers, who are not little dis
Eessed at the turn things are taking, attacked the
market with some vigor and caused . small de-
cline. In the afternoon the market was very ac-
i've, the short sales being enormous in volume.
Stocks closed very firm at the following quota
dons:-virgina 6's, 943 95; Missouri 6s, sls 81;
Canton 2oa a Il; Cumberland Coal preferred, l5a
. lSA; Pacific NAH Steamship, "a a !; New York
Central, IA !; Erie, % 1; Hudson River, 800 a
!; Harlem, 8 /; do. preferred. 81 q 4; Reading,
al !; Michigan Central, 4ol ]; Michigan South
ern and Northern Indiana, ST az; do. guaranteed,
ia rs; Panama, 1854 Z; Illinois Central 81 al;
Galena and Chicago, SO! . 4; Cleveland and Tole-
%, 2ol 1; Chicago and Rock Island, s4iaA.
We understand that the arrangements fer the
sailing of the steamers of the consolidated line 70
California are about completed TIL the expiration