The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-07-11

N 0 N EY NJ A r. X Il T.

SUNDAY, July l0-8P.M.
There slight buoyancy at the close of the market
yesterday, in Of the most prominent fAnoes Mica
rAgua Transit appears to have touched bottom. There
certain operators In the street, make II rule
to purchase this fancy at certain price, and sell 1t
scon ~ good profit be realized. Twenty eight and
twenty-n nine per cent about the points The coal
stocks have not moved much either way and With the
exception of the Parker Ven the demand continues
ceedingly limited. New Greek Is very well sustained.
Very little has been done lately In Harlem old stock
Hudson River Railroad stock has been taken within the
past day two pretty sharp specuators in An
tcipation doubt Of consolidation with the ceatral
line Of roads There ia evidently some movement going
on that will result more or less advsn
ageous to the stockholders Of the Hudson River Railroad
Company. Erie Railroad has been more buossnt since
the resignation Of Mr. Treasurer Townseni and is
impression that the stockholders will bs gamers BY the
charges already made In the board OF management We
are DESTROYS seeiag complete clearing the old
board Of directors, and the election o. board
drawn from stock holders along the line OF the
road The Central line have made good move
In selecting board Of management from the most
prom inent points the route. Our railroads haze
been managed too much in Wall street and State
street. and It Is time different system adopted We
want active, shrswd experienced, enterprus men, AID
the Central line under its present Organization will bs
fully up 10 the spirit Of the age IL win be the modsl
csd of tbe country and the stockholders Of the Erie
railroad do not wake up and put just such in the
management Of their road its business will at no very
Iemote period be reduced to par With the current
peDss of operating Competition betwen railroad con-
paBes IL daily increasing in strength and vrulsnce and
we must such contest between conflicting lines
will consume the profits of each Railroads. can
be annihssed, they like steamboats, change
their OF travel They must be operated whether
the stockholders get dividends not Competition will
therefore, prove fatal TO many Of them Investments
We cannot escape results such have named unless
the construction Of conflicting nss at arrested
This cannot accomplish. and must therefore. be
pared for the worst Good management may put off, for
time the evil day, and moderate the effect. Economy
Of expenditure il the construction aud operation of
railroads may tighten competition and prevent results
disastrous those anticipated. Ia fact notning
short Of the most perfect system Of management
escape from insolvency and ruin If tho stockbod
Of the Erie Railroad suppose for that they
cam with the present organization, compete With the
Central line, they make serious mistake and the
they get their eyes open the better for their pocke
With proper beard Of directors the Erie Railroad could
be wonderfully improved In produc It has many
elements Of success, and they might 30 made available
board Of management should bs selected along the line
requires energetic men, who at all times oe found
at prominent points the route able and ready to ad
the interests of the stockholders Wall
too long been the Of operations OF the pre-
beard and radical revolution is net made In the
system pursued, the stock will not be worth Atty
the dollar. Two of the old board have resigned
and It is to be hopsd that many will follow.
There would then be chance OF 9 reform, and the
election Of would infuse life into the sd
mnistahon Of the compsDy's affairs. The faocie gene
rally continue but moderately active and the abeocs Of
all speculation accounts for the general uniformity of
prices The il decidedly in favor Of quiet and
operators, Who have not left the CITY, practice great
deal of self denial in letting stocks alone.
The annexed statement exhibits the quantity aud value
Of certain articles other than dry goods imported into
this port during the week ending and including Friday
July 1885,