The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-09-19
FINANCIAL AND COMMERCIAL.


MONDAY Sept 30 r. NJ
The stock market opeued quite buoyant this morning.
with considerable activity in all the leading fancies
Erie Income Bonds advanced PER cert; Erie, 1871, N
DO 1862 y; Illinois Central Bonds, y New York Cen
tal Bonds X Nicaragua Transit, u; Cumberland Coal,
lk; New York Central Railroad ~ Michigan Southern
Ralross, =; Har'em ri Erie Railroad. Q Reading
Railroad, Q There was an active demand for railroad
bonds 10 day and the sales unusually large The
ups and downs In Erie create good deal Of excitement
among specu'a uc.uation Of three and four per
cent in tive nty -four hours Is nothing unusual These
sudden and violent variations show how weak holders
are and show that any quantity of stock put me
ket will depress prices largely Attempts have lately
been made by the large holders TO realize and reduce
possible their long lines; but in every instance tbs de
cline las been great that they have been com.
PEELED to stop and become buyers again to ar
rest the downward movement of prices. SO long
Is the! hold and buy moderately every day. 50 long
the present greater market value may be main
tanned but as there is demand outside OF certain
clques, it would be fatal for them to turn sellers The
present market of Erie Railroad stock is based
trey the operations spectators Whether moves
up down. depends upon the longs and the shorts As
for zeal value it has The bulls and bears will
Keep it moving up ami down, and the stock will at all
times be good for speculative operations Cumberland
Coal Company in demand to day at the advance aud
closed fir AZ our quotations Reading Railroad i'm prov
cd considerably to day Every company connected With
the production and transportation of coal be doing
very profitable business 1t has been pretty well set
tied chat prices for this atcls will be sustained prnc
pay in consequence of the limited supply Har!en ap
Peals to e slowly but steadily advancing without amy
indications of specula tive influence.
After the adjournment of the Board the following
sales stocks were mace auc ion by A. H. Nicoay
So 600 aois and Wscon K K LIST mort in added co
5000 scoto and Hooking Valley RR do. .....55
500 osio and Mississippi R r. I'd mort do. .....6o
sSSS Do Ss- Yer. c.S DC Water Is 1857 DO DO 49,
lOsbares Flushing Railroad ..............,.....73
40 do Empire City Bank .....................s2 k
% do. Knickerbocker Bank ......... ..........s7K
20 do Harmony Fire Insurance Co. ............S5
10 do Park Fire Insurance Co. ;;......."......se
do. Republic Fire Insurance Co..............S
20 DO New York Albany and Buffalo Teiseraphoo az
20 DO. New York Consolidated stage Co. .......92
1925 do Isabella Copper Co (per share of $lo).. 1
At the second board the mArke. well sustained.
Erie Railroad advanced u per cent Michigan Southern
Railroad, Il Illinois Central "a Harlem, = The trans
actions were not large
For the week ending Saturday the 9th Of September
4,946 tons of Cumberland coal passed the Mount
Savage railroad, and 5537 tons the Cumberland
cOmpanys Railroad being 4s3 tons for the week. and
3e5 500 tons for the year from the Frosburg region The
time there passed the Homecoming and Balt
ard OHIO railroads 5sOs tons making 6s5 from
the westernport region for the year. Amount for the
week f-c all sources 10 391 tons, Of which 129 tons
went to market by canal the remainder by railroad
The warrants entered at the Treasury department
Washington, the 18th inst, were
For the redemption of stock. .......... $33,7l5 90
For the ayment Of other treasury debts. 6,597 90
For the customs Observation-Disclosures. 8,37S 38
Covered nto the treasury from customs 473 05
Covered into the treasury from miscellaneous
sources. Observation-Disclosures. 1874 10
For the War department. OBSERVATION-DISCLOSURES. IS, 900 SO
For pay ing for the War departmsnt..... 6434 So
For the Navy department ................ 1888 IS
For I'll Interior department ............. 1,242 90
The reiempon Of United States stocks at the Treasu
r. department. for the week ending Saturday were
Loan 1884, s3s 900 d., ls4e SIS, $780, do 1s47 $780,
600, -. Is4S, Sl4,O5O-Total, $423 900.
The annexed statement exhibits the average weekly
IN the leading departments Of the banks this
city for the week ending saturday morning, September