The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-22
FINANCIAL AND CONNER GAL
WEDNESDAY,. March 2l-e P. M.

WEDNESDAY, March 2l-6 Il. NJ
The stock market has been alternately strong and
unsettled to-day, but it closed steady The snort
interest large that the bears have been heavy losers
since present rise set in and some OF their number
are now endeavoring to depre the general railway list
by an attack upon Erie; but the result hardly be
successful in view OF the great abundance and cheap
ness OF money and the other causes influencing
operations ON the Stock Exchange just now. The
sbus regained control Of the Market and having
the ability retain it they likely relax their
hold until considerably higher prices have been touched.
Michigan Southern was the strongest of the railway
shares and Erie the weakest
At tho early session OF the open board New York Cen
trail (sass 1900 shares) sold at 93A Erie sly sozS
Hudson River 10S Reading (sales 5000 shares) lo2A
Michigan Southern (saes 210o shares soy, Cleveland
and Pittsburg (saes 740o shares) S0A sl%, ROCK
Island 113 North preferred 55S Fort Wayne 90
a9lX Schuylkil Coal 1871 =. AT the first regular
board the market very active and on
the whole firm, although prices showed
decline from those at yesterdays halfpast two
board with the exceptions Of New York Central which
was " higher, Northwestern preferred H, Canton n,
Ohio and Mississippi certificates y, Canton -, Missouri
State skies TX Erie = lower, Hudson River q,
Reading IN Michigan Southern q, Cleveland and Pitts
burg ~ Northwestern u, Rock Island q, Fort Wayne
a. Western Union Telegraph q. Government securities
thirty notes were steady.
At the one o'clock session the market frmer,
and the volume OF business large. Michigan Southern
rose to Slx and Cleveland and Pittsburg TO S1H.
The transactions at the open board
usual far in excess of those al the regular board.
At the half past two session the market was strong
and prices advanced, Michigan Southern being par
tcuarly active and buoyant under investment
well as speculative demand in view of the resumption
of dividends and the promising condition and prospects
OF the road its current earnings being considerably
the increase The stock closed at s2h or per cent
higher than at the first regular board Cleveland and
PitsburgtH Reading q, Hudson River a Northwest IN
preferred S, Cleveland and Toledo q, Rock Island l,
Western Union Telegraph e. Ohio and Mississippi GER
tatcs unusually active and advanced q further in
consequence of the of the Supreme Court
in favor of the company and the expectation that at the
annual meeting shortly be held the trustees will pro-
pose selling the road to quidate their trust and thus
place directly under the control and in the possession
Of the company in which event the certificates Will be at
the converted into stock Government secu-
rifles neglected
At the half-past three open board there
q reaction experienced owing to report that
the Committee of Ways and Means had the Loan
bill under consideration, as also to u vigorous
attack upon Ere by parties largely. ''short"
of the leading stocks. New York Central sold at 93H,
Erie 500, Northwe tern 27k, preferred 551s, aiding
1919, Michigan Southern sl3S, Cleveland and Pttsburg
S0H, Clio Gland and Toledo 1lO14 Rock Island 1928,
Canton 47l Afterwards the market steady, and at
half past five the following quotations current
New York Central 90 u, Erie So Reading 1917 ~
Michigan Southern Sl4 u, Cleveland and Pittsburg
sOh 81 Northwestern 2714 a u, preferred $50 a u,
Fort Wayne DIX. The following table shows the prices
of some of the active raw shares at the hapast two
board the LIST inst and today