The New York herald., 1870-02-15
FINANCIAL AND COMMERCIAL.
WALL srRsEr.

WALL SrRHET, !
MONDAY, Ieb. ll-8P.M
Despite tSe inciemenr aad stormy weather tho
opening day or tho week has been characterized by
fair animation at tho Stock Exchange
STOCKS STRONG AND ACTIVE
inc bnllish feeliag was strong throughout the day
anu prices to night are higher Tor the railways and
most OF the promlnens miscellaneous shares. 1t was
steady strong, upward speculation for the general
ast Toward the Close taere was q sharp advance IN
&C. Paul preferred. on the confirmation OF the fact
that the dividend wii DO uy paid tomorrow IN ac-
eordance wiLa tho OF declaration although II
was feared qaarers tnat tile requisite ratl-
cation Of majority OF the stockholders had not been
0biained. lhs Vanderbilt stocks were comparatively
neglected. but strong exeeps for Harlem, which was
soa" from last woek's highest prices Eric was firm
ct q fractional advance. The feature and favorlte
was Reading. which, IN continued unvarying
movement rose 10 S8H. with little stock 01ering.
PitBburg came IN tor anOsnor 'push" and touched
10oK. The Northwest stocks were moderately active
between the extremes OF 13ls aad 73Js for the
mon and ooH and 0o,s for the preferred. The Rock
Island party gavo their another twist OF the
screw and advanced the price TO 122H, time con-
tracts for Thirty days TO put ne stock ct i2i being
offered tor one per cent Wabash was buOyant On
fight transactions anu ro3o TO ~. Ohio and Misss-
sppi, which was temporarily neglected. was again
3oH. Pacific Mail was very firm and sold at 49,
Western Union was weak ana declined to SAX. A
correspondent writing to vs. concerning The alleged
improvement IN tho receipts OF the Western rail-
ways for the drSt week IN February, communicates
some interesting Information GA the vexed question
OF railway business and ralway prospects TINS year
as compared with last Ho Says
You WIN discover Dy proper inquiry that the CON-
panles wh.cu eXniot IA increase IN their earnings
largely 10 the length o laeif roads during iast year.
aud such increase, not neiug cqfvaent to sucn In
creased mileage, they are salnn2 considerably less
ON their cost tln.. ia 1868. Fur III sLance, the i0Ow
ing roads are ic erred 10 ds indicating increased pros
perry, vH.:-LaAo SDore ana Michigan Southern,
Whcu mas added about iJ1 Aliics ace tho couSoli.
dation; aiiwauAce and 81. taul over LOO miles and
Rock Island also over 100 miles You VIII discover
that the roads genera, wnich are OF the
length as IN 1863 sac. aecreaSe Ia their earn-
lb.s. Besides tRe man traA4 ilne az Ine New ork
Central ana hudson River renusylvania Central
Fort Wayne, Michigan Censra, Northwestern
twhich aier has no" ,niee competitors Tor tue IA
cnc business, wliie last year IL had n0ael &c. And
these companies DO hCt expect much else, for the
decluc IA god, nardiy aDe 10 sustain llseIf at the
Present prices, mas materially RESTRICTED business,
10 which may be adaeJ the further tact that,
IN consequence OF tho co.riaaed heavy rain durny
harvest, tile what crop VI IOWA for last year was
practically iaure aea consequence 1t IS
cuSsSd by the chicago elevators only us NJ. 3, and
commands suoh q low prics lhat the farmers IN
many cases DO not undergo the risk and expense OF
shipment but feei Is to taeir i've stock. A very
large crop wls raised IA Aiuasota. but the decline
u
IN this wise the iregl. IT, In consequence OF this
large crop, ana tac dceine III price, understand
less acreage VIII bc Sown tli5 year.
CLOSING PRICES Ar 9HE STOCK EXCHANGE
The following wore the closing prices OF stocks at
the last session or tho STICK Excnange:-Canton.
SO; Cumberland, 35n a 35A; Western Union 354;
Quicksilver, 1873 ID; Mariposa, 10 1oK; do. pre-
1erred 20h COX; Pacilc Mall, AK AK; Boston
Water Power, 164 q 15A; Adams Express, 62n
old; Wells Fargo Lxpress. i91S bid; American Ex-
press, S55s S7}s; United states Express, 81
62h; Merchants Union Express bid; New York
Central consolidated, 97}s 0I15; do. scrip, o5H
90; Harlem, Lis 14o; Ere, 25A o z5n; DO.
preferred, az a.: Eealiog, osx Q 85A;
Lake Shore, ,51s ss1; Illinois Central, 142k q
144zS; Cleveland and pittsourg, 991s 99A; Chicago
and Northwestern, 734 a 73ss; do preferred, 90]s
q cox; C.oyeland, Columbus aud Cincinnati, 14T q
75; Milwaukee and ST. Paul, 7A1 747S; do. pre-
ferred, S3S O. so; Toledo ami wabash, 81 As; Fort
Wayne, 91H q o.; Altoa and Terro Hau.e, 81 q 81;
do. preferred, 63 Cih; OHIO aud Mississippi 2oA .
2oN; Delaware and Lcekawannn, 1s6 1o5z; New
Jersey Central s93s sJ,a; Chicago and Alton, 1l4s
IFS; do. preferred. ll3tz Did, Norris and Essex, s84
. S6Z; Hannibal aad st. Jcseph 1oI1s l0s; do pro.
ferred 1914 o los; Dubuque ana Sioux City, loo
ITO; Columbus. Chicago ana Indiana Central, 2oH.
The extreme fluctuations Cr the leading speculative
stocks are shown III the following table OF the
r,T