The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-09-13

rupner and WIN, doubtless, do mors profitable busi-
.sse next January ,han it did Last July. IL ID 6xed
fsct that dividend viii be declared at the close or tho
present Mr. Aeoasy has ony bean President about
four sonth and n that short time he has charged the
company frsm ncndiy5end earning 20 dividend earn
ing and divideudpaying This sho hos much
virtue the,e Ia in proper management, and how much
difference there is between good aud tad nanageuent
The high price Of COAL Of course, favos the Cumberland
Company mush any other coal company bat u has
been placed in such efficient operation, and ia annual
product has reached such amount that Il must fsro
after take rank alorgse the Delaware ind Hudson and
the Penn sylyana coal companies Harlem Railroad Cou
many continues without much alton. Ssce .he cleo
ton Of NJ Nicholas Dean It has not varied much, and its
Ahet value has undergone no change The new President
b . very good for the pace WHAT he lacks in en-
teypriee be viii make up in economy. Mr. Dykers would
have Sled the office very credasy, tut the objection
many had to him account Of his being ssockholdes
was suHsent. It should be .. al times suh sient rsa-
son for not appointing to the Presidency OF any
company; and until tie management Of our railroad
companies 10 separated from the stock specratng mild
snes We shall not be free from those enormous uctua
sons in market value and from those dsfalatioAs and
REGULATIONS which have ruined many prosperous COM
painless II Is our intention oppose the election Of any
nan ~ President Of any railroad company who has any
hing 10 do with spscuating in stocks and 30 f - our
usnee extends shah it for the purpose OF
rueA nan in the management as viii lock to the In
rssts Of the at large instead Of ciques Of
speculators in Wall street. On this ground alcnc, we
are In favor Of the election Of M Dean TO the Presidency
q the Harlem company The mark tvue Of thst stock
nay not advance rapidly under Mr. Deans management
~ under Dykers but it win advance steadily and
be more permanent New York Central has taken
sart Something has given it gaivanic shock, and
are little curious to learn the Some sangune
Spectator for rise, Ia purchasing long time buyers
option. He doub. expects to &c. dividend or two
before his contract falls due. he does it will reduce
The somewhat but he will find at the Of the six
sahs that the stock could have been bought cheaper
and the interest saved Nicaragua is steadily moving
upwards and its friends have crest confidence in IT. L
undoubtedly good purchase at present prices Illinois
Central bonds in demand at quotations. for
ittsnces to Europe Large purchases have atey been
made on foreign account.
After the adjournment of the board, the following
Rales bonds and stocks wers made at auction Simeon
Draper -
o. 600 N Y and Harlem RR. LIST mort BIDS, IS, in
1000 rttsSurx Montreal RR yss mort Dds do.
30sbares Astor Fire Insurance Co.............. SO
40 do Empire City Bank Observation-Disclosures. u
20 do Lafarge Fire Insurance Co.. SO
II do American Express Co.. 100
At the second board there was great buoyan:y in
Of the fances. Erie Railroad advanced per cent
Cumberland Coal, "a; Nicaragua Transit, "; New York
Central Railroad r. Eare declined u per cant. Erie
active at the im rovemsn and many Of tho ransas.
tons for cash It looks very much as though the
shorts were buying in freely.
By the arrival Of the steamship ST. Louis at this po-t
from Havre and Southampton, we have four days Later
inteIhgenoe from Europe. The financial advices are
highly favorable The Times Of Aug. 80 says -
The great rmpess observable in the English funds dur
ing the past week still continues and they have closed
to-day A. fresh advance Of more than quarter per
cent. Consos for money which left off last evenngat
94k 70 - opened At 94s TO Y, and steadily improved
70 90 for money, and s5 to q for the account
manning without reaction up to the Official termination
Of business At later hour the buoyant tsndonoy was
further manifested and transactions took place for the
price tor ched during the present year. although the
point reached in June when console temporarily at
94T actually rather higher. making allowance for
The circumstance Of Its being dividend The state Of the
weather again almost the sole that Influenced
The political considerations being likely to pro-
duee much effect unt news shall arrive regarding the
Sebastopol expedition.
Quotations for cotton remained about the as pre-
viousy reported. Breadstufs we're not as firm, and
descriptions Tad declined. The weather had teen
hne for the harvests.
The steamship Empire City arrived today from Aspin
van, with the California mail Of August 16. and
31,0S6,7S4 in specie. Her advces later than
those received by the steamer via Nicaragua last Friday
The warrants entered at the Treasury department,
Washington, on the eth inst, wers-