The New York herald., 1868-04-05
'ceding statements are as follows

At the commencement Of business the stock market
was firm at a slight advance upon the closing quota
tons of yesterday, and the early session Of the
open board Erie sold at 1917 and New York Central
at 122X. Pacific Mail was pressed for sale, the
transactions aggregating 5000 shares at OK 97%.
At the first regular board the market was dull and
the pressure to sell cash stock, which has been
noticeable for some days past, showed only
partial abatement. Pacific Mail was with
out improvement and a very bearish feeling pre-
vailed with regard to it, the report being that
the opposition is going to run steamers weekly
both oceans and that the Pacific Mail Company is
about to make further considerable reduction in
the rates Of fare and freight also that the Peninsu-
lar and Oriental Company contemplates establishing
a line OF steamers between China and San Francisco;
but the public will do well to accept all the stories
which are circulated In relation to this stock with
several grains OF mental reservation most Of them
are invented for the purpose Of forcing decline in
its price.
New York Central closed 4 higher than at the same
time yesterday, Northwestern preferred H, Ohio
and Mississippi q, and Western Union Telegraph u;
while Erie was q lower, Cleveland and Ptsburg, 1,
Toledo and Wabash u, Milwaukee and st. Paul pre-
ferred, q, Pacific Mail 27S, and Quicksilver n. Gov
ernment securities were firm at an advance Of u q
"a After the call Mr.. Theodore NJ. Morgan. Of the
firm Of Morgan Keene, was admitted member Of
INC oloch EACnauBe Dy u SOte Oi Ill 10 AJ Ine
open board at one O'Clock Erie sold ut TAI, New
York Central ut 123h, and Pacific Mail ut sG5s
At the second regular board the market was dun
and barely steady, while Pacific Mail experienced
further decline to oiIl. New York Central closed q
higher than at the first regular board, Michigan
Southern !, and Milwaukee and St. Paul preferred
" while Erie was Il lower and Pacific Mail 27s. At
the open board at haf-past three prices improved,
although there was no increase in the volume of
business. The advance was particularly marked in
the case OF Rock Island, which sold up to 95I. 1t
was at the same time rumored that Mr. Tracy the
President of the company had been arrested
ut Chicago on an attachment for con-
tempt for violating an injunction granted
by the United States District Court of
the Northern district OF Illinois. Attachments against
other directors of the company were also said TO
have been issued; but the news, although uncontra-
dicted not fully authenticated, and the rise
probably more closely connected with the expected
appointment OF receiver OF the proceeds OF the sale
OF the new stock by Judge Cardozo than anything
else. In this relation may mention that the Judi
cary Committee OF the Iowa House OF Representa-
tives Thursday last reported in favor Of instruct
ing te Attorney General to take the legal steps ne
cessary insure the construction of the Rock Island
extension line to Des Mones. On the call Erie sold
ut TAX 74,S; Northwestern preferred 75h; Cleve-
land and Pittsburg, ol,s; Michigan Southern, soX
eO4; Cleveland and Toledo, 1O47s 1885, Pacific Mail,
s49E e4x, and Atlantic MAIL S7l. During the remain
der Of the afternoon the market dun and steady
and at the close at six O'Clock the following quota
tioDs were currcnt:-New York Central, 1891 a
123k; Erie, 74i4 747<; Reading eo1 9OAs; Michi-
gan Southern, soA a 80; Cleveland and Pittsburg,
eIi4; Rock Island 961 n 96ii; Northwestern pre-
ferred, 75zs a 49, Pacific Mail, 95I 95Iz; Western
Union Telegraph, s7}i S77s; Fort Wayne, loO4.
The highest and lowest prices of the undermen-
toned STOCKS n 1862 and 1868 respectively were as
subjoined:-