The New York herald., 1868-03-29

Deposits ............ 19l, 10, ,526 166, 525, ,128
Legal tenders. 52.26l 0S6 52,l23,078
1t appears that an application for a stay of pro-
seedings in the case of Richard schel VS.. the Erie
Railway Company pending the appeal Of the de-
1endants from Judge Barnard's order appointing q
Deceiver Of the proceeds Of the ten millions OF
stock, was made few days ago to Judge Ingraham,
Of the Supreme Court which was denied, owing to
the reluctance of the latter to interfere with the
orders OF coordinate Judge. Afterwards however,
On the afdavit Of the attorney Of the Erie Railway
Company, stating that the appeal was intended In
good faith, and on the adavts OF the stenographc
seporers Of the proceedings before Judge Barnard,
an order was granted by Judge Ingraham to show
cause why the proceedings OF the plaintir and re-
eeiver should not be stated returnable the first
Monday OF April next with a stay in the interval.
Z This temporarily suspends all action under the re-
eeivership unless some counter order should be is
sued and Mr.. Osgood s, therefore, powerless to col
lect the proceeds OF the new stock.
The report Of the Michigan Southern Railway Com
pany for the fiscal year ending February 20, 1885,
contains the following statement In reference to the
negotiations between that corporation and the Erie
for the opening of a broad gauge route to Chicago
which arrangement the first hostile act In the
present railway war between the Erie and Wander
bilt partes:-
In February last the board authorized the execu-
uon of an agreement which was entered into with
the Erie Railway Company, whereby that company
agrees to extend It's broad gauge to Toledo, and this
company agrees thereupon to carry the same gauge
its line by third rail- or otherwise, TO Chicago.
Estimates considered reliable justify the board In
believing that the profits Of the increased tralc fur
nished by the enlarged facilities viii greatly exceed
that charge for interest on the cost. Therefore
not In contemplation to apply net earnings 10
She cost OF this construction but TO meet II by an in
crease OF liabilities in some form.
Neither our incnations policy point
70 an alliance with either the wide or narrow
gauge lines. so exclusive as to place US
In nj lat
the contrary, believe that our interests will be
promoted by all such enlargements and additional
connections Will Increase the facilities for inter-
change OF business with both and improve our busi-
relations with any and all OF these lines linking
great West with the seaboard. Our Interests are
In harmony with the interests OF all the great lines
lying between our Eastern terminus and the sea-
board and 1t would be policy alike illiberal and un-
wise that would dscountenance connections and i'm
provements tending TO avoid the evils OF breaking
bulk and operating TO cheaper the cost OF transit.
With the local growth along our line and the exten-
sion of Western connections to the Pacific the
future OF your property intermediate trunk line as
a. points TO aggregation Of business its rails
rhat VIII defy the restrictions so narrow policy
fwouh impose.
n The stock market was strong at the commencement
Of business, and at the early session OF the open
board Erie sold al 7o5S 7os. and New York Central
~ 1908 1908. At the first regular board there
ofurther Improvement and considerable activity in
View York Central and Erie. New York Central
j closed 81 higher than at the same time yesterday
sand Pittsburg 4, Cleveland and Toledo Ia. Rock
Island y. Northwestern preferred Y, Fort Wayne y,
Aiiwaukee and St Paul preferred ~, Ohio and
Mississippi e, Pacific Mall Ia and Western Union
Telegraph ~ while Atlantic Mail was * lower.
VGoyernmeEt securities firm at an advance OF u
AZ. North Carolina skies were 2 per cent higher,
sAew issue x, Tennessee sixes new, l. At the open
board at one O'Clock prices experienced a further
advance, Erie selling at 71S and New York Central
1928. After the call Erie touched ~ and then fell
back to IL At the second regular board the volume
~ business light, and New York Central closed
~ higher than at the first regular board, Erie u,
Northwestern preferred =. Fort Wayne " Pacific
Mail ", Canton Company x and Western Union TeIe-
graph y, while Cleveland and Pttsburg was y lower.
Government securities were strong at a further ad-
vance Of Il X. At the open board at halfpast
three Erie sold at 71.a TX, New York Central l22
Fort Wayne 102k, Cleveland and Pittsburg o. North
western preferred IS and Pacific Mail I05. Suisse
sQuently Erie advanced toT2A, while the remainder
G the railway list improved correspond
insly, and at the close at hafpast five
che following quotations were current -
New York Central, 1921 1f3; Erie, 721i 72'f
ReadDg, 9lz 9iE; Michigan Southern, 50 a s94
Rock Island s3x e3k; Northwestern, 6i; DO pre-.
ferred, 7tjS I5S; Pacific Mail, 1851 a LOG: Fort
Wayne lo25f 1og Hudson River 1876 q 40; Toledo
and Wabash, % ! q; Cleveland and Pio.sburg, % a
92M; CleyesD1 sDo Tyed0, los l0sk; Ohio and
Mississippi, ~ S9ss; C&Dt0D Company, &c sojs
Quicksilver, 2lx2
JhereYss . l1nseS ainpfgyeIasDf 10 Tie market for