The New York herald., 1866-04-21
FINANCIAL AND CONNER CIAL.

FRIDAY April 20-6P NJ.
The stock market has displayed an improving tsnden-
cy to-day and the cholera sensation seems to have died
out for the present least Fort Wayne experienced
sharp rise OF five per cent and tho transactions IN Erie
we're very large Hudson River and Cleveland and Pitts
burg at the same time showed great frmness and rail-
way shares generally were in the ascendant, they
are likely to continue to be until much higher prices
are reached The miscellaneous shares were neg
lected and a slight decline was the consequence.
All the conditions Of the market are favorable to a
further advance Of prices and these OF character
which it would be difficult 10 overcome by merely specu
Iatiye or other subordinate local influences.
At the early session Of the open board Erie (saies
47OO shares sold at 72, New York Central (saes ooo
shares) s2H, Reading Is 81 lO3, Michigan southern
soh Illinois Central 1l4 Cleveland and Ptsourg oo'
Rock Island 1l9, Cleveland and Toledo iol1s For1
Wayne %, Cumberland A, Spruce Hill Coal o's MARI
posa preferred 21K 2oA
AT the first regular board the market developed an
improving tendency. Michigan Southern closed 4
higher than at the haEpast two board yesterday Rock
Island az. Fort Wayne ~ Alton and Terre Haute u,
Western Union Telegraph 3H New York Central was
y lower Erie a. Marposa preferred y, Quicksilver 4.
Government securities were strong. Coupon skies OF
1881 advanced coupon dvetwenties Of the 1862 issue
~ 1865 ten-forties u, thirty notes Of the
first series u, second series u
At the one o'clock sessions the market was rmer, and
Eric advanced to 73H The attention Of stockholders is
being directed apparent discrepancy in the perod
cal returns of the earnings Of this road. Those for
the months of February and March, 1865, were at the
time respectively stated by the company be 1886 o3s
and $l,24O, ,62s, and these now brought
forward in the comparative statement of the
earnings for the months in the present
year in the following strangely altered shape:-Earnngs
for February, 1865 S101 1885, for March, ST. 331 12i
The speculative director Of this road is generally under
stood be interested in further decline of Erie, ana
some unknd enough to nsnuate that the exaggera
ton of last years earnings due to desire ON his part
make present receipts appear smaller by compar
SON. In any the matter calls for explanation from the
company The decline Of yesterday in the stock is mainly
attributed to an effort which made at Albany to pass
bill compelling all the New York railroads to carry the
coal transported by the Delaware and Hudson Canal at
the lowest rate charged any other company and as
the Erie Road long ago contracted with the Pennsylvania
Coal Company carry its tonnage at rate which would
now be Of profitable the bill, If became
law would press with undue severity upon the Erie
Company. We understand, however, that there Is no
probability of its passage and that 1t was introduced into
the Legislature for speculative purposes than other
wise.
AT the half past two board Fort Wayne, which had pre-
yiousy experienced sharp rise, was active sales 3ooO
and closed per cent higher than at the nrst resu
board Michigan Southern firm and closed u higher.
New York Central y lower, Eric h Cleveland and
Ptsburg " Marposa preferred y, Western Union Tee'
graph ~ Reading and Rock Island were unaltered
Government securities were steady.
At the open board at halfpas three O'Clock the mar
ket was strong Eric SOLD ut rs u tsaics 3s00) New
York Central (s o2h Michigan Southern s1,s, Cleve-
land and Pittsburg sos, Rock Island l2o " North.
western 26x preferred SIX (saes 400, Fort Wayne
DIX. Quicksilver 52X.
Afterwards the market remained steady, and al half
past Eve New York Central quoted a. 92k ~, Erie
721. rs. Reading lo3h f. Michigan Southern Slh
y. Cleveland and Pittsburg sok 81, Northwestern
2eX . u, preferred 56Js a st. Rock Island 120k y,
Fort Wayne 96. a y, Canton 62k u, Hudson River
400
The range the market for State and miscellaneous
railroad and other securities during the year 1866
sa under:=