The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-07-11
FINANCIAL AND COMMERCIAL.
wxssEspAy, July lo-sP. !

wwNuDAy, July l0-oR
Tho railway share markss has bean remarkably strong
to-day, and The advance has been ersassss the
dvidspd paying Socks and particularly Erie and Cove
land and Pisburs The reduction Of fares the former
read has hsref sxssd influence " chsekisg The
upward movement while " may have added fuel to sAs
are by Increasing sshort interest," strong spesu
ladiye feeling - riff IN che street. bat - yet Il has not
extended far beytnd IT. and u not desirable thai
should; for the the public comes In 70 assist A
BON movement the heavier iss losses Will h the end,
and Wan Wilde the snly gamer We have bshsro
spoken Of The meuts OF subway shares for permanent
myes meu but the. since advanced 70 much
q present prices soss of shom II least are above thar
real value and the point may 10 considered pest ~
which purchases for any oshsr than Temporary specs
ativs purpose arc jsdicioas The management Of
leading railways IL sodisgrsesfuily bad their stocks
have very uncertan value, and the worthless
they can DO made 70 appear tho easily they
be manipulated by their Wall crset directors and others
associated with then the "pooas," which they
erctiy fosn with IN. view u bleeding all who either
buy or sell The stocks they TINA endeavor control
Al tho early session Of board railway shares
were buoyant aud slightly higher than at the close last
evening, Eric selling cox Al the first regular board
largo volume Of busncss transacted; but there
special activity 10 any stock IN the list
Among the miscellaneous shazvs Western Union Tele
graph and Pacific Mail were the most anima'ed
New York ten:ral soesd y higher than at the same
time yesterday, Eric 2A Reading x. MIchis Southern
I, Illinois Central IL Cleveland and Pittsburg TX,
Cleveland and ro.edo u. Rock Islaad ~, Northwestern
4, do. preferred 1H, Fort Wayne u. Toledo. Wabash
aud Western Ohio and Mississippi certificates u. At
Iant,c Mail u. Western Onion Telegraph TX. Govern
msnt securities strong and active. Coupon skies
Of 1881 showed advance Of " as-twenties Of 1862
tasus NJ tsoua of u To- NJ
r. tenforties 4, ssventhry notes Of the second
H. Fvetwenties Of 1857 sold at aoshz. The S,a.s
stocks steady aud Qaet
After the call railway shares suddenly declined from
half 10 one and quarter yer cent, but quickly recov
ered Al be half past two regular board the market
active and steady Eric closed higher than at The
first REGULAR board Cleveland and Ptsburg TX, Cleve
Land and Toledo n, Rock Island ", Northwestern u,
Fort Wayne Il. Milwaukee and St. Pan preferred n,
Ohio and Mississippi certificates u, Atlantic Nail u,
Cumberland Coal u, Western Union Telegraph Il Mich
Igan southern Il iower Toledo, Wabash and West
ern 4 Government securities were nrm at the
prices with tho exception OF coupon Eve twentas Of 1862
and sevenhrty notes Of the second series which de-
cined 4. Tennessee sixos OF the issue advanced
and Missouri SKIES declined x.
After the call prices further advanced and at the ham
past three open board Erie sold At 70 10 Read Dg,
1861; Michigan Southern, S2Z q; Cleveland and
Plt,sburg, o.; Rock Island, ok *; Northwestern,
45h; DO. pref red, s7X For Wayne, 1918 fo2;
Ohio and Mississippi certificates, 27H Marposa pro-
ferred, FAX *; Cumberland, 90 n; Quicksilver, 50;
Canton, 4sH 4.
Subsequently the market was buoyant and Eric sold
up 10 H. Al o'clock n closed :xm at the following
quotations: York Central 1861 . ri; Eric,
7l1S q Y; Reading 1909 u; Michigan southern,
s21 y; Cleveland aud Pttsburg. o. u; Rock Island
s7X AZ; Fort Wayne. lo2 u; Northwestern. l6A
a X do. preferred, c7,S N Pacific Mail, 14sx X;
Ohio and Mississippi certificates, INK Az Cumberland
4o11 al; Quicksilver. a5x 80; Canton, 20 u.
The following table shows the prices to-day and on
this date year. and thsso snls ago. Of The leading