The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-09
RAILROAD EARNINGS.

w IN.
RAILROAD EARNINGS.
The earnings OF the st. Louis, Kansas City and
Northern Railway. late the North Missouri show an
increase OF S1v,5S2 for the first week in March, as
compared with 1871.
The earnings OF the Milwaukee ana ST. Paul Rail-
road for the last week In February show an in
crease OF 1883 over the corresponding period OF
last year. The increase for February is $780, 1874 and
for the period since January l. $124, 800.
STOCKS HEAVY AND LOWER.
The dealings In stocks were characterized by q
tanner feeling, and the market generally was lower,
but without important decline. Pacific Mail was
weak on steady pressure OF sales from the
spears" and outside holders. the latter rearing that
the "buu' party may be w0rsred In the action taken
BY the spectators for Decline in bringing the
directors into Court to repe the allegations of mis-
use or the funds OF the company. It
seems that the shear" party went over to
Brooklyn yesterday. subsequent to the revocation Of
the Injunction and submitted their affidav(
second time 10 Judge Gilbert and procured rom
him an order to show cause why an Injunction
should not be issued restraining the lending Of the
company's moneys on stocks. This order gave rise
to the report current yesterday that a new inunc-
ton had been issued by one OF the new York city
judges. The hearing Is set down for tomorrow
Saturday. at the Supreme Court Chambers, or
Kings county, and great legal controversy is an
ticipated. AS q consequence OF these manGuvres
Pacific Mail went or from 62 to co., recovered to
81 tell back again TO cox and closed at 61i4 The
only other important feature was Erie, which was
strong throughout the day on orders from Albany
and from the host OF smaller operators, who look
for sharp advance II the measures
before the Legislature proposing repeal
OF the classification law are enacted. The
'short" interest In the stock has been engulfed
by this popular demand ana compelled to cover.
The professional spectators are not inclined TO
"bul' the stock for 1t is feared that the ousing Of
the present direction Will reveal the utter bank
ruptcy OF the road. Indeed, 1t Is rnmored that in
view OF such a contingency Commodore Vanderbilt,
Horace F. Clark. Daniel Drew and Jay Gould have
been quietly buying all the M rtgage bonds OF the
road they could get hold Of expecting when a reve-
lation is made by the induction into Office OF
new regime the insolvency Of the corporation will
be disclosed and the franchise necessarily fall into
the hands OF the bondholders. Fortunately, the
rights OF stockholders In the railroads OF tins State
are protected by the SEGREGATION law so that in
case OF foreclosure they would have The first priv
lege OF redemption. Were 1t not Tor the facts thus
explained Erie would be selling great deal higher
than it is, on the prospect OF complete removal Of
the Ring from the administration OF It's affairs. For
the present the movement at Albany has stirred
up general feeling that brighter days are In store
for the long pered road ana the stock reflects this
sentiment in its gradual to 81 the point reached
by 1t toward the close Of business this afternoon.
The rest Of the active list presented no
important changes. Prices fell of an aver.
age Of about n per cent but under
went a recovery from the lowest point and
closed quiet and steady, If not firm. Union Pacific
and Northwestern were, In fact strongest late in
the day. In the miscellaneous list Canton rose to
9O5s, while the Express shares touched 7lN for
American, IS for Wels-Fargo, 20 for United States
and "a for Adams.
The newest idea the street is the establishment
of official daily paper at the Stock Exchange, in
which the transactions Of that BODY to be regu.
larry recorded. The name proposed is the Ne,o Yor6
Stock Exchange Reviec.
HIGHEST AND LOWEST PRICES