The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-12-20
FINANCIAL AND COMMERCIAL.


TUESDAY, Dec 1916 PM
xh0e Va pretty general imprevanAns in Ne
sosek market to-day. Al the irst board Dslswure
s.d HUDSON advanced par cent; NicsnguA Trsn-
-, 4; New York Central Ra lrosd, IL; E-ie Rail
Ssso, Z; Harlem Railroad, 4; Rssding Railroad, I.
Virginia Skies fell Oh ! per cset; Cleveland and
Telsdo, 2. Fbe bnk statement Of this morning he'd
favorable influence upon The minds OF spectators.
Ju6gDg from the extent Of the transactions IN the
Ieadbg railroad stoes, We should u ink many h0ll
a. had awaited themselves Of the opportunity 70 10
aase. An advance Of thEeequsrtem 70 one and .
hnH per osns on . railroad fancy In these times 10
vsSth securing. and those Who pursue Tie pshsy Of
Tsalixisg small pEo6ts when they can win have .
me balance In their favor ,e those who axe look
bg Sar large profits will look in vain, asd come ont
= te end Of the season. 1t Ill events, minus the in
1eysss and commissions on their operations. Pie
hRsAen must live in some way, and spectators can
bstAer afford to pay them email commission sn
snail profits than smal commits sion on large losses
Slpce the recent election Of the New York Oea
sal Railroad Company, there has been good
deal Of stock in The market, and tho supply IL
uksly to increase, particularly il there shoad be
temporary advance as TO enable small holders to
realize more advantagsously. Erie Railroad ap
DsaEs 10 have margin OF about three per cent TO
hurtuats in, and it moves up and down to that
sztsAt pretty regularly. Harlem has been very
uniform and steady for some days past, and seems
10 be neglected. Il is generally considered cheap
stssk st present prices but very few take hold Of it.
NE company win pass it, next dividend ON the pre-
sned stock, and OF course, ON thu old issue. This
vin b saving to the company Of ono hundred and
In thousand doilars-quite m important item to
make mp past losses with. A few such semi annual
savings must strengthen the finances Of the road
materially. This Is the only thorough way Of extri-
eating our railroad companies from their difficulties
0a embarrassment. The policy pursued By the
New York Central Company, In paying unearned
dividends by issue Of bonds, must lead to greater
svik thar are by such course avoided. It would
- had enough to pay earned dividends in bonds or
nsw stock, hut to make such issue to pay unsarn
Cd dividends il in reality burning the candle ut both
ends.
After the adjournment Of the board, the following
salsa we're made at auction:-
q, 500 Green Bay NJ c. and Chicago ss int added rs
leo shares Suffolk Bank Stock. IL
80 DO Franci1 Metallic Life Boat ............ c5x
20 do Trenton Iron Co. Of New Jersey. .... 65
do Pacific Nail Steamship Co. ............... Az
At the second board all the buoyancy Of the
nsrAiBg was lost, and the market closed heavy at
decline ranging from quarter to one per cent.
Erie Railroad fell of per cent; Now York Central
Railroad, 4; Reading Railroad, 4; Illinois Central
Bonds, !; Cumberland Coal, d; Hudson River and
Harlem were pretty wen sustained.
The Cleveland, Columbus and Cincinnati Railroad
Company have declared . cash dividend of Eve per
cent
There win b NO steamer from this port for Ed
rope until the 27sh inst. On that day ono Of tie
Collins steamers win leave for Liverpool.