The New York herald., 1870-03-08
THE STOCK MARKET FIRM.

TIE STOCK MARKET FIRM.
The stock market was firm but duh, the storm and
the apathy OF the public during the decline In gold
checking heavy transactions As on Saturday last
the cIques mad the market 70 themselves and main
tained prices. The only active features were the
Vanderbilt securities which advanced about two
per cent on the report OF renewed EFFORTS In the
Legislature to procure authority to increase the rate
OF fare; New Jersey Central, which advanced clear
one per cent on the action OF Congress with REFER
ence to making Jersey City a port Of entry; and
Pacific Mall which was The weak spot In the list and
fell at one time 37H. The Northwest shares. Lake
snore and Rock Island were next In order OF activity
The Erentn0 telegram, In suggesting q probable
corner IN Erie, says
Any new stock issued might be taken by the direc-
tors themselves at the same price; that sort OF thing
has been done before The whole sum required
thus TO gain possession OF all the stock In ths mar
ket Is q comparatively small one, and II the report
OF the earnings OF the road be true ought to be quite
within the reach OF the dual direction. That upon
notice Of an intended increase OF the stock
there would ne very heavy snort sales there can
English STOCK Fisk and Gould would hold the cards,
as Vanderbilt dd IN Harlem, Tor Dig RISE IS
equally clear Even should the offerings Of the Eng
lish certificates interfere to prevent corner, the
result would be equally satisfactory to them, as 1t
would break up the present combination and give
stock, when they might defy all opposition. But III
relation 70 these English certificates another rnmor
temptation which Will prevent their being
offered In the market at this juncture. What the
precise character OF the legal restraint TO be invoked
is or the nature OF the plea for such interference
we have not learned, but give the rum0r for wnat 1t
Is worth. One thing Is certain, some unexpected
turn IN Erie Is being arranged for ana not the least
Of the signs of or helps to this Is the Dill now before
the Legislature to prevent injunctions issuing
against railroad corporations without q week s.
notice. There have been severe lessons learned on
the street BY too trustfu dealing In this STOCK and
we present the above suggestions as caution to
n hA n ho onaA nf1 IN q ylar nn0 q al
The following the closing prices OF stocks at
the last session Of the STOCK Exchange:-Csnton,
ga bid; Cumberland, s0iz . SIX; western Union,
3Ss< 341s; Quicksilver, 11K 1lA; Mariposa, OK:
do preferred. 1s 10; do. certificates. SO: Pacific
MAIL ss 3sk; Boston Water Power, 17x 49,;
Adams Express, 60 62h; Wells Fargo Express,
21H q FIX; American Express, 37K 80; United
States Express, 60k 61k; Merchants Union, IL
bid: New YORK Central consolidated, ossI e6H; do.
scrip, 94 94s<; Harlem, 1855 lat: Erie, rs 25
do. preferred 42K bid; Reading, s7< . PIX; Michi-
gan Central, 10y; Lake Shore, sv5s SIX; Illinois
Central, 1856 1861; Cleveland and PittsDurg, osK
9sX; Chicago and Northwestern, 7sX ~; do. pre-
ferred, 8Sx q 8s,<; Cleveland, Columbus and Gin
cinnatt 7ax TAX; Rock Island, l2o l2oH; Mlwau.
kee and St Paul. esh o3,l; do. preferred, 7sX Q
1917; Toledo and wabash, 43>s Did; do. preferred
Tx bid; Fort Wayne, 92K 925S; Alton and Terre
Hauto, % o., w. PicieIrcu, o1 o'J
ONO and Mississippi. s01s q s0h; Delaware
and Lackawanna, lo4; New Jersey Central
1o4,S s1043s; Chicago and Alton, 1l3 Q 1l31a;
do. preferred, 113h BID; Morris and Essex, ss 50;
Hannibal ana 81. Joseph, 107 101h; do. pre-
ferred. 1o7 bid Dubuque and Sioux City, lOsh bid;
Columbus, Chicago and Indiana Central, l9x bid.
HIGHEST AND LOWEST PRICES.
The extreme fluctuations to-day in the leading
speculative shares are shown in the following table
OF the highest and lowest prices:-