The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-11-29
MONEY MARK e T.

and therefore, very seldom in at the lowest rates.
The most important matter to determine at this moment
the probable Of priceswhether there is still
lower DEPTH whether the market value Of securities
generally has becomes much depressed that any change
be the better So far as certain stocks are con
cerned these points be very easily disposed Of while
others more doubtful and require caution in
their consideration. We annex table showing the rail-
road companies the stocks Of which usually operat
ed in extent at the brokers' board which have
paid and those which have not paid dividends since the
LIST Of July last There many other companies which
have suspended the payment of dividends but as the
stocks very seldom sold in this market we do not
mention them here. @NW
July 10-Readng Railroad, no dividend.
25-Cleveland and Pittsburg, do. do. e.
New York Central declared per cent, to be
paid when It could negotiate a loan at par.
Aug. Harlem, no dividend. .e
Oct. 1-Clcvelund and Toledo do. do.
New York and Erie, do do w
Rome and WATERFOWL, do. do.
Baltimore, Wilmington and Philadelphia, do.
July Panama Railroad paid 3la per cent cash
n Michigan Southern paid 5
Northern Indiana paid g
Cleveland, Columbus and Cincinnati paid per
cent, cash and scrip.
Oct New Haven Il Hartford,
Nov. 1-stonington, per cent, cash.
The New York and New Haven Railroad has paid
dividend since the 'Norwalk accident The Hudson Ri
Yer Railroad has paid no dividend since the road was
opened through to Albany The Michigan Central only
pays once year; their last dividend in January
per cent, cash. HtiMt
Several of the companies named above as having de-
clared dividend since last july have reduced the rate
making the payment as small possible 1t does not
follow that the payment of dividend by incorpo-
rated company is a guarantee of productveness and
prosperity by any means; for have had lately
instances of the creation of capital and indebted
solely for the purpose Of giving to the stockholders
the usual semiannu dividends. may be that many
Of the railroad companies which continue to pay dvi-
dends actually more able to do SO than those
which have suspended. 1t is pretty certain that the
suspended companies in reality much better of now
than when they paying dividends out Of capital.
Stockholders and purchasers know the worst They
know that there is just much saved and they also
know that the which led to suspension of dvi
dends brought about very important changes In the
financial systems Of each company. Economy has taken
the place of extravaganza and in all the departments
there has been thorough reformation and improve
ment We may not the favorable effects of this
voluton Immediately. 1t will take some time toremove
all old difficulties and those interested must be for the
time content with the fact that many OF their invest
ments getting worse If they not getting any
better. 1900
After the adjournment of the Board, the following
sales of stocks and bonds made ut auction by
Simeon Draper st minds e.
-, 900 Harlem RI. first mortgage $3.50. Int. added so
20O0 Sandusky, Mansfield and Newark Conv, do. Al
shares Domestic Annuncator and Bell Teleg'h Co. 3
20 do Excelsior Fire Insurance Co.............. 10
60 do Cleveland and Toledo RR Co............. 81
do Atlantic Bank. OBSERVATION-DISCLOSURES. "
Albert H. Ncoay viii hold special sale Of stocks and
bonds to- morrow wednesday, at 1873 O'clock at the
Merchants' Exchange Thursday being Thanksgiving
day, there viii be no sale. f9r Hsf w.
AT the second Board there very general improve
ment in the fancies Virginia ss lower and closed
at decline Of Il per cent Illinois Central Bonds fell Off
u per cent New York Central Bonds, Il. New York
Central Railroad stock advanced z per cent Reading
Railroad Il, Erie Railroad, 4, The bears have bought
freely to-day, for delivery their contracts maturing.
There has been but limited demand for foreign ex
change for remittance by the steamer leaving this port
for Liverpool to morrow (Wednesd The amount on
the market is large and rates have consequently fallen
on fraction. We quote bills on London at e1S 9sS
per cent premium. The steamer win not take out
large of specie. Thus far only about three hun
bred thousand dollars have been engaged and the ship
ment viii not be much beyond that figure.
The amount Of specie in the Sub Treasury at the close
Of business to-day was %, 58s l0s 80.
The attempt 10 rob the National Bank yesterday was
miserable failure but the president had no hand in
the discovery Of the attempt The paying teller ap-
pears, while intoxicated, made disclosures which led to
examination which resulted In the discovery Of de-
fciency in the circulation. II a sudden movement
OF the party implicated and not the result Of previous
speculative operations. The report that the presto
Of the bank discovered discrepancy In the teb
count Is not true. Had It becn 1t would ha.,
rare instance Of watchfuzess on tie r4rt Of an o,cer
in our banking Institutions. Rrs for the rorues
own impfudence, he would have succeeded in
hts plans, whatever they might have been. There
are, at this moment good many more operations
Of a similar character in embryo, and We doubt
II It Is in thu power Of any bank officer to ferret out
any defalcatoss without the aid Of the defauter The
American Exchange Bank in which an enormous defal
cation has just been developed have board Of council
different from all other banks whose duty II IL to ex
anime into the affairs OF the bank and report thereon
II they find anything wrong, they clothed with
power 10 act than the Board Of Directors stockhod-
having relied the faithful performance Of duty on
the part Of the board have been uled into feeling
security, believing there could be- wrong beyond the
reach Of such investigations The paying teller Of this
bank admitted that he Lad been carrying his sperA
ECns for nora lhan year. and found "A diHcultv In