The New York herald., 1868-03-05
FINANCIAL AND COMMERCIAL.

fom l4es< to l4lA, with the closing transactions at
ilo,l Loans OF coin were made ut rates varying from
three per cent for carrying The gross clear
ings amounted to $40 ao<, ,o0o the gold balances to
g. lr3o4l2 and the currency balances to 27ol, 63&
The steamer Cuba took out $l9l,3lo in specie Tho
activity Of business tho stock Exchange and the
aeath OF news Of character calculated to disturb the
premium cause gold to bs neglected by the speculaOrs
neither the bulls the bears being disposed TO euter
spon trial OF strength.
Erie continues continues to bs the snsrossng feature
sf the stock Market and its fluctuations during the day
we're from '3,s 10 1874 It's generally understood that
the rise 10 due 10 tho operations Of Wall street
SPOOL" 10 which neither Mr. Vanderbilt Mr. Drew
party, but cf which the latter U supposed 70 be
victim for the time being; although some sre-witheu;
good rcason-scepc this point, and believe tha. be
y among the secret movers OF The wires which make
shs pupps Jump Howevo< this may b. he ana his Co
Directors we're yesterday afternoon enioined om
vsr;Dg any bonds Into stock adding In any way TO
The two hundred ard Hfty oas shousapd and city.
eight shares mentioned In the two tast reports
Of the company TO It's stockhoder also from making or
hsaing any bonds convertible into stock or dorg any
thing towards the performance Of the agreement made
BY The Erie Company with the Michigan Southern and
other companies In relation the construction Of the
Ans from Akron Toledo. Farthermore. hs 10 re-
strained fellows the text being thai Of the njunc
uon:-
Until the defendant shall have restored to the Erie
Railway Company the S. 900 shares Of STOCK there
sboa;s obtained b. him from aid company In about
The month Of May, 1866 many oi said shares
outstanding szd he 10 900 shares hereabouts de-
Of the Buffalo B.adtord ssd Pt,sburg Railroad Com
psny, and other shares Of the capital stock af The
Ere Railway Company which he may nave recsiscd IN
excess Of The stock wh,ch said company by law
authorized 10 Ssue snd have outstanding he the said
Daniel Drew bis agents. attorneys and brokers be- and
IN 4 IA nod nd anti yaf
from selling. transferring, delivering dsposing OF
parting with any shares o stock Of the Erie Railway
Company, any 6cstes for any Of such shares
In possession under the control which
time Of the service Of ssch Injunction order shah be in
She possession, cr undes ths control Of them either
Of them which shall after the service such order
of iuuse;ion come INTO tho possession under The
control ai them or either Of tnem, and which shall be-
long to said DANIEL Drew, be subecs TO his order
control and also from transferring 6eliverinR any
pany In performance Of any contract made BY on
behalf OF the sad Hsnci Drcs, for tbs account, for
the sale or delivery Of shares Of stock Of the Erie Rail-
way Company.
A meeting OF the Er,s board Was held this morning
and adjourned until tEs evening for the purpose Of
taking this injunction into consideration aud also de-
ciaag with respect 10 the proposed agreement for the
consolidation o! sarnngs with the New York Central
and Pennsyv Cessral bat Of tho proceedings
have yet trsnspired. That this new Injunction,
although in the OF the people, was really sued out
b7 the parties TO tho present bull movement In the
stock hardly sdns OF doubt. aad It surprisEg 70
sss the facility with which judges can be found who
vii do the thing wanted ~ tho proper moment Il 10
needless 20 tha, The street has sympathy either
With The Drow sae present tul party for the opera
lions Of bclh are designed 20 swnds outsiders and
they are invariably crushed between the upper and
sether mlsones Of the couending clques In the long
run Money vas IN rather sc,ive demand from the
Stock Exchange; bat ths supply equal 10 il as .
Bre at six per CONT aitkcuga there wers not few
transactions for rua and moderate amounts at seven,
his being the rate asked By the private bankea Sew
srsl small failures announced among tie bears IN
Eric.
Al the OF business the market for Erie
strong aud excited and At the early Of
open bosrd hs sock sol7 ~ 7s 7i< after previously
touching 7sA, vbiio the other speculative railway
shares dr. Al the Ast regular board the market
6rn and active, bat there material caange
IN abe price Of Erie The latter closet on the call AZ
higher than 1t tbs same tine yesterday, New York
Central ~, Fori Wayne y, Toledo and Wabash TX,
Ohio and NsEssirpi y, Mi!~augss and Ct Paul pre-
ferred u, Ps:Qc ls.l x, Western Union Telegraph
u. Eorhvts ern preferred was ono per cent lowos.
The State siocss were y TX higher. Government
securities wera srosg at an advance Of Kak. Al the
spen board a! O'Clock Eric and declined
from IA 10 73z the call. while Now York Central
advanced 10 l324 The other stocks steady, but
comparatively neglected. A, tbs second rsgu board
there eus, brt stoaiy market, atnoaga pricss
we're slightly lover than a. tho previoHs board, New
York Central declining 10 I3i. Fen Wayne closed <
lower thas al tho hrst regular board, Paciae Nsl =,
Cantor u, assouri rxes 4. cisyeinnd and Toledo
advanced q. Toledo and Wabash y, Milwaukee ana 81,
Paul Y. Atlantic Mail u, Tennessee sxss. new, x.
Government eoeurtiss we're dull but steady. Al The
open board AZ hai past three the market qrs,
cept for Erie. which sold a. t3t a 73Js. New Ysrk
Csnrai aisod st13l Reading 95I aeci; Hadson River,
1A; Fsrt Wayne, loo's, Michigan southern, slh /;
Cleveland and piiisburg, %; Rock Island s7l as7h;
Northwestern, &c; do. prsfsrred, 7tI; Pacific Mall,
1lo5S, and Western Unisn Telegraph, 3iss 1,s. Sub
sequenuy Ere roso 10 FAX, and at the close. few
minutes before SIX, the suotasioss were subjousA
New York Central, lslA 1917; Erie. TAX AK
Rssdipg, sas sesa; Michigan Southern, slx aslss
Rock Island os,s eSn; N-rlhwestsrn, 90 sS.; do.
prsferrsd. 7<4 .ah; Western Union Telegraph - a
&k Fert Wayne. 1907. los-s.
Government sscur.ies opened strcng at advance Il
kak per cen: upon tho closing prices Of yesterday
ana The zarkts Afterwards remained steady althonsh
sutet 81 the Improvement There Was o moderate ir-
ves.Bsnt demand bot speculative operations are con-
Que cd as 20; upel iosro.sc scale. Al the clsss the
maxket was nrm h the sasiolnsd quo, ,atons:-Re.is
tsrse, 1851, III 1llX coupon, 1881. Illk 1IlS;
sos reg ste'ed ise2 leo. io1; 2os coupon 1852
ivy loh; de., iseS, 100 ioeis as 1863, lo'1t
LOO; Se, 1ses. January and July, l07 u 107is: do,
1867 i97H . 1915; 10 4o's registered, 1914 iol
1oto'a, coupon. 1lIa lliH; jane 1.aos. ioSJs a
1oaI; Joiy 1905 1867 1885; Nay compounds.
1sC4 iiT;< 1is<; AUsast Do, ils'l llTl; ssp.en-
ssr DO, lIsx ll6I; octpbss do, il6 1l1s.
The fore.4n exchange market vas quiet - ueual
"Wednesday, ard raos wero "a egpjsined -Baaktrs
balls on England a. sixty days, losX iosk At thee
days iloN Commercial bills, lo5h ioeG. Bnis on
Paris at siHis dayS, b.l5 ss.l4st
The following - a copy Of snlcavt made bT Mr..
Tracy, tts President o. the chiessc and Rocs Island
Company, n relation to Tia issue - 1ss slocL which
y nsw the sublssl of litigation
C1yaad cosu.g cf Nsg Yort, ,--Joar r. Tracy telng
dtiy Gsorn Styg bat, Including tha1stud uns
dred ssares ou tine made by tbs sc1ogsst o cc aber
aud H. 1861. tEis sepoaept between Dceater is and
Decembor 20, ld0l rod thres th0lsens hunsrs5
shares q ttock In Chcagp Rock lsaud and pacile
Rallrnof CArnaa.r Nhlnh 81 Lan-.a "a -. In.