The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-09-26
FINANCIAL AND COMMERCIAL


SUNDAY Sept. 25-6P.N.
The tendency of prices during the past week has bsen
upwards and In Of the fan clos quite improve
nent has been realized. Speculation has been active
and the bulls have had things almost entirely their
way The bears have freely put contracts both on
ard sellers option, and the excitement at times
has been intense The most important movement Of the
weeh in the street the declaration Of dvidsad By
the Erie Rsilrosd Company. No in the street was
surprised ct this announcement for has bsen talked
about some time. The party In power are too heavy
holders Of stock TO lose the favorable influence Of such
act but the effect has not bssn beneficial anti
cpased The treasurer and his friends are too deeply
interssted in contracts about maturing to dispense
with anything calculated to give the stock q lift.
When the dividend announced the market value
Of the stock was eighty seven psr cent, now it il
less than sighty.feur, dividend on showing . de-
cline OF three per cent It il reported In
the srest that the trsAsurer's clique held upwards
Of forty thousand shares which have ninety per
cant downvards. 1t will b very difficult 10 got rid Of
this quantity without submitting to runous sasri
fees. The financial statement which accompanied the
declaration Of DIVIDEND puts down the foatAg debt at
and figures up the interest for months
81 COO and for three months $72O O00 In the
report published BY the late President BENZ amin Lodsr
it appears that the 10th Of March last the floating
debt amounted y - 36l 7o a. or FOL 81 more
thAA the amount en the I'D Of September
Every one kao that mot dollar Of the eompalys oat
ing tsbt has bssn paid for Is not denied that
dored BY several Of the directors bsen discounted
In the street TAs inters the nsating dsbt not
ported for nine msnths amounts to $62 500 IT, This
ken from the reported net earnings leaves balance Of
S2si 1bo 81 the actual inesne fer niAs months
or less than three per cent for nine months. This
10 the most favorable visw Of the matter tina
be TAKEN and the financial condition OF the company
sprebaby sound ~ 1t win b Again. It i,
nothing more even with ais exhibit than three per
cent stock ard doub, IL that moderate rate will
Be earned another year Crystal Palace has auc tuatsd
good deal during the past week. and has touched vary low
points Regular opsters in the street win not touch it,
and appears to have any confidence in it. In
other far eies there Is nothing Considerable apprs
hsnion exists amsps the shrswdsst capitalists relative
TO the future complexion Of the monsy narhs and there
certainly sufficient Tor the worst fsars The
banks moving cautiously, and only iosning
calls with the undouAted security Private capital
ists viii only loan call and the impression daily b.
coming stronger that shall have regular stampede
among fancy stocks. and stringent times generally.
Last week there redeemed at the United States
treasury TIVE hundred and seventeen thousand three
hundred and fifty eight dollars ($2l 3ts) of Government
Sizes.
There quito active outward movement in specie
from this port last week. viii be by the annexed
sts temsnt