The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-10-14
FINANCIAL AND COMMERCIAL.

SATURDAY Oct 1876 ?. NJ
The stock market continues to display great strength
and animation and its recuperatve power Is seen In the
rapdty with which 1t from every depression
produced by sales realize The speculative feeling IS
excited all the leading railway shares are bought
i0dscriminatey and with an avdity which has never
b.en paralleed since the spring Of 1854. The most
active and buoysn Of the railway shares are North
western common, Michigan Southern and Fort
WAYNE The first mentioned rose to AK this
morning mainly under the effect OF the increased earn
ines OF the rosd for the first week of October
having been $s6 o3 $23 $50 larger than for the
responding week last year. while the earnings for Sept
ember were ga, sA6 In OF those for the same
month in 1885. But apart from earnings and real
values every railway stock seemso be tending upwards
ID sympathy with the great mass which moves by
common impulse.
Al the open board at ten o'clock the market was very
arm. Erie sold at sax, Michigan Southern d. 81 915,
Northwestern 47'i-prcferred 70, Fort Wayne hoy,
Reading IT. Rock Island 10sh, Cleveland and Toledo
l2'k, Toledo Wabash and Western 52s 53ys. At the
regular board there heavy amount of business
transacted and prices were well sustained New York
Central closed . higher than at the time yester
aay, Hudson Rivcre Reading y, Michigan Southern l.
Cleveland and Pt,sburg ls, Cleveland and Toledo 4,
Rock Island r. Fort Wayne u, Toledo Wabash and
Western 81, Alton aud Terra Hautc 2s5 Quicksilver
Canton 4 Eric q lower, Michigan Central u. ILL
nos Central u Ohio and Mississippi certificates u, Weso
Union Telegraph X. Government securities were
eIm Coupon iye.twentes Of 1852 and 1885 y
higher and sevenihirty notes remained steady. Among
stocks Tennessee SKIES now advanced H. and
North Carolina sizes Il.
At the O'Clock open board the market, with few
exceptions. lower Erie sold at s3A, New York
Central l1s< Reading ll6a4, Michigan Southern o.,
sa' Rock Island 1922 ~, Cleveland and Toledo l27 4
x. Northwestern u a 46H-prcferrcd 1874, Fort
Wayne llos, Ohio and Mississippi Certificates "a 332,
Quicksilver 55'i, Mariposa preferred 2aE Afterwards
The market became buoyan and prices improved stea.
diy up 10 the close of business AT half-past I'VE
clock New York Central was quoted at ll9 IL, Erie
80, "a, Reading 1853 H. Michigan Southern OF u
~ Cleveland and Ph'sbug "a ~ Rock Island l09t z,
Northwestern 467s AZ, preferred 75k n Fort Wayne
ll0k u, Cleveland and Toledo 1928 4, ex-divi.
dend Of eight per cent Compound interest notes were
quoted thus at the Of the dealcrs-June 1884
li6A ll7 July, 1854 x; August, 1853 ll6; Oc-
tober. ll4A Ito; December, 1874 ia; May, 1885,
lilA liz; August lio4 u; September, 40 4 0c-
tober, l09X ll0ta.
The money market has been extremely easy at per
cent with few exceptions at s, while government
col'aterals large amounts offered at 31s. First
class commercial paper is in request at So per cent
but the amount Offering is very limited.
The gold market firm. The opening price was
l531, followed by advance TO 154ia, subsequent
relapse 10 1925, and final recovery to 1853. the closing
quotation Loans made at 1 lie l-32 per cent in
favor Of tho lender and fiat the supply Of coin being
fully equal TO the demands of borrowers The shipment
Of BY this days steamers aggregated $685. 400 Of
which tho City Of New York took $4,000, the reutona
$4,000 and the Bremen $72 200 making for the week
39e05o Tho export Of specie from this port and Bos
tan since the nj Nav last has bean "A updar