The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-15
FINANCIAL AND CONNER CiAL.
WEDNESDAY. March l4-o P. N

WEDNESDAY. March 10 T. NJ
The stock marke' made further progress on its up
ward course to-day and tn speculative feeling ran high
ENCOURAGED by the exrsme monetary ease the improved
earnings OF the Ways and the prospect Of such nan
cia legislation as will prevent sudden derangement
of the currency or values In this connection the
bill introduced In Senate by Mr. Sherman is much
commended. Michigan Southern Cleveland and Pitts
burg Reading and New York Central the strongest
Iand active Of the railway shares; but there
we'll distributed bus throughout the list
the early session of the open board the market
strong with special activity In Michigan Southern sales
1900 shares) and Cleveland and Ptsburg (sales 1000
shares The former sold at Tx IS and the latter at
Tx 7sh; New York Central DIX; Reading ss,S /;
Terre Haute ana Alton SIX; Rock Island 1osh; North
western FIX preferred SAX; Fort Wayne sl2s. At
the first regular board New York Central, Cleveland and
Psburg and Michigan Southern were tho most buoyant
md active Of the railway shares but the whole market
was firm The transactions in Michigan Southern aggre.
gated 100 shares and closed ~ higher than at the
halr.past two O'Clock board yesterday statement OF
the earnings expenses OF the road for the eleven
months ending on January 81 1885, recently issued by
the Company shows that the receipts In 1866 were
against 923 104 for the corresponding period
in lso4 the in the gross earnings thus being
$500 476 The operating expenses during this time were
s244s $50 in 1866 and $217o33s in 1s6is, leaving
sos5 oso and ls54S ST. 74s 1885, tho increase in
penss having been S272 Isl and in not earnings $2lS
2s4 New York Central (sales 700) IL higher At
the close than at the time yesterday; Cleveland
and Pittsburgh x (sslcs 100. Reading closed u
higher than at Tuesdays hafpast two board, Illinois
Central u, Northwestern IA, preferred Is, Fort
Wayne (saes 4500) y, Ohio and Mississippi certificates
u, Western Union Telegraph H. Canton and Marposa
preferred steady State stocks rmer Missouri
skies advanced Y TX, Tennessee skies Q, North
Carolina skies declined /. Government securities were
nrm. Coupon ten-forties improved e, coupon five
tweniics of tho old H. notwithstanding the report
of their fractional decline London the I'd inst to
70N Seven-tnry Of the second series advanced
At the ono O'Clock sessions tho market continued
active, and prices we'll maintained. The sales or
Michigan Southern at the two boards were 100 shares
Cleveland and Pttsburg which had previously touched
TO- was 7sK. Mariposa preferred sold at 1917, its ad
vancpg tendency being due TO the causes affecting all
other gold mining Stocks the value Of which being
HANGED by desuphurzng processes which are in
course OF adoption.
At the half past two board the market was steady
and quiet New York Central closed e higher than
at the first regular board Erie y, Reading " Michigan
Southern ~ Illinois Central u. Hu ison River and Norsf
without variation Cleveland and Toledo
y lower, Fort Wayne u. Missouri SKIES advanced
Y. Coupon FIVE tventies wero steady Ten-forties I'm
proved u. sevcn-thirty notes were x lower.
At the open board half asst three there was very
confident fee ng favor of higher prices manifested
Eric sold at $685. New York Central 921s Reading 100,
Michigan Southern 7S2<, Cleveland and rsburg Tx,
Marposa pre- ored1 1874 Afterwards the market continued
firm and active Reading and old Southern being the most
active Of the railway shares At harpast FIVE Reading was
qaoted at lOl n, Michigan Southern 7s1S 49, Eric 8Sh
Cleveland and Pittsburg Tx, Rock Island 1851 Az,
Northwestern p " preferred "a ~ Fort Wayne 9lh
AK, Ohio and Mississippi certificates rs Y, Cumbsr
land 43k AK 4
Tho money market remains supersbundanty supplied
With capital and loans call made freely ut six per
cent with exceptions Eve. First class paper passesa
seven per cent cir
Tho prices Of leading stocks at the rs regular bodd
70 day and this day woek wcro rs UNDER