The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-15
YORK HERALD FRIDAY, MARCH u.s. 1872-rRIpLE SHEET

the prasent temporary Board Of Directors.
IL is further SAID that the London Stock
Exchange nave removed the restriction an to
leading In shares not stamped by the Protection
Committee which at once makes q market for
everythin In the shape OF Erie shares. AS the
amount OF the stock held abroad Is ct least two
thirds and perhaps three-fourths Of the WHOLE 1t IL
easy to see that the London market controls the
quotation, and that New York must follow the
British capital in this respect Hence, as Erie was
rampant In London all day, tine price here sympa-
tnized directly with the foreign quotation, advanc-
ing from 373s to 391a ut which It seemed to reach
an equilibrium. and remained steady until It
began to be whispered from Twenty-third
street that the Investigations OF the new Board
had discovered Q much less amount OF noating
deOt tnan was feared to be In existence when de-
mand at once commenced on domestic account. the
"5ears" also taxing the alarm at this rum0r, and
Joining In the general scramble at the close which
put the stock up 10 40 We expect to have this I'm
portant statement Of the finances Of the company
during the course Of the night, and shall lay 1t
before our readers In another column OF the paper
This price Of Erie is the highest since the furry
succeeding Fisk's DEATH and Is higher than was
reached during the year 1871, when. accord.
ing to the records OF the HERALD ALMANAC.
the best figure was 37X. The revelations said to be
contained in this exhibit OF the Treasury OF the road
were the occasion Of large Offering Of 'puCs" by
strong parties late In the day, very easy terms
and such - to indicate the makers belief In no I'M
poraut decline at present. at least such the inter-
probation given the sudden Willingness Of these par
ties TO make these contracts. But as most people
know, the principal In such contracts Is just as
likely to be interested for fall a. for rise
In prices. These "puts" are the freshest fea-
tuie In the Erie matter as connected with
Wall street, and as sucn we notice their advent,
without taking the responsibility or explaining
Them Erie preferred advanced from II to rs.
Pacific Mail was heavy and lower, owing to the
efforts OF the clique to depress 1t and revive short
interest Western Union Telegraph was unsettled,
books are to close on March 49, against special
meeting OF the stockholders called for April 8 to
sanction the issue OF mortgage bonds to pay
for the property recently acquired ON the
corner OF Broadway and Deg street, q
bylaw OF the corporation requiring such en-
dorsement OF any increase OF bonded indebted
ness. canton was lower, with sales at Of. The
Vanderbilt party are reported to have sold out their
interest in the company to Mr.. Drew and few OF
his friends, who seem satisfied with their invest.
ment. Panama was steady at 0SH 81, and the
express stocks Irregular most OF them being strong
If not higher while United States, after an advance
earnings Of the Milwaukee and st. Paul Railroad
for the first week IN March were $105 244-an In
crease of sI8,4ss over last year.
HIGHEST AND LOWEST PRICES.
TIE following table shows the highest and lowest