The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-09-06
FINANCIAL AND COMMERCIAL.


TUESDAY, sspt. b-eP NJ
Quotations for some Of the issdng fancy stocks cur
rent at the Arst beard tosy spared with those rul
ing At the close Of the market yesterday show an i'd
vance At the second board yesterday the
Of the morning vss partially lost that prices today
At the rst board were about the same at the arst
board yesterday The market at the opening to-day was
NOT so active Erie and Reading sold pretty freely prin
cipay for cash or sellers option. The transactions in
the aggregate were more limited than we have known for
long time There Is plenty OF stock Offering but buyers
are scarce The Erie Railroad statement has had no a.
feet on the market is taAen for just what 1t Ia WORTH
and no more We are not disposed to criticse such IS
brief report and therefore dispose Of it with the remark
that 1t is not aslac,sry and viii not have the effect
intended So many similar reports have emanated from
the source that public confidence has entirely dis
appeared and fear they win not get credit for truth
fulness when the company really deserve It, For the
purpose Of giving the companys itatement al the pub
licty Il can DESIRE the report alluded to-:
OFFICE New York ERIE RAILROAD COMPANY,
NEW YORK, September 4, 1854.
The dire tors observe with deep regret the great de-
precision value Of the stock and bonds Of
the company the almost toal oss of its credit
much that the Board have been compelled TO resort to
very extraordinary measures to fulfil the obligations of
The directors have not lost confidence themselves in
the ultimate success of this great enterprise and are
confident that the plsns they will adopt for relieving the
compsny from it's present embarrss.meps, and providing
for the Income bonds due in February next, will meet
with the approval Of those interested.
AZ an early do, their plans will be presented to the
public with report Of the business and condition OF the
company, which the Board confidently believe viii be
The operators Of the road during the nine months Of
the present FISCAL year. commencing October 1881 and
ending June &c. 1854 down TO which time fun accounts
ara ms de up have been as follows
Transportation earnings. soS,ZSs ~
Trar spor .ation expenses, including interest
the funded AMI floating debt........ SSSo,77o u
surnlus $8ie5 "a
WhIsS slows profit Of ssis sci 81, equal to per
and above all expenses every kind and the interest
and which have been geabls upon Its
tire funded and floating debt
have passed. and the depresse state OF business
of the country the consequent effects upon The bu
ness of the the Board the opinion that
the returns when renc cred for last quarter the
year. viii present net gain equal to ihe average Of
the three previous quarters
full report in answer to numerous anxious iuqu
res concerning the busnessof the road and in the be-
lief that something Of the Kind is to prevent
MY sacrificing their property.
Published by order OF the Board
HOMER RAMSDEII, President
We must wait patiently for the full report referred to-
and shall do II fun justice when it appears. We hope
the company will admit estimates but give the figures
a. they have actually occurred the accounts
from the different departments y
After the adjournment of the board the following
sales of bonds and stocks we're made at auction by 81
neon Draper
1000 do do. 1874, LIST mort.... do.... 50
iooS cleve = Toledo RI Income -, 1854 d.. 7sH
AH1 share Y Ae.d. NO Of Music per share 40
10 do Nassau ms Co, Brooklyn. ............ %
40 90 Third avenue RR.... ........"....... 40 80
10 DO 90 do....... .............' 0s