The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-12-10
Supreme Court OF tl,e Unltcd s,ases.
FINANCIAL AND CONNER GAL.
xrnNucv Il

FINANCIAL AND CONNER CiAL.
MONEY MARK
SATURDAY, Dec. 9-5 p. "
The stock market today was somewhat depressed
The buoyancy of the past days has been lost and the
probability is that prices will gradually fall Off to the
pont they started from for the recent rise At the
first board today Erie Income Bonds fell OF cent;
New York Central Bonds, u Nicaragua Transit, "a
Cumberland Coal q; Erie r. f., Il; Reading H. H., q;
Harlem R. r. y: Chicago and Rock Island r. r. Il. The
transactions in Erie and Reading r. r. were particularly
large Erie R. R. opened yesterday at the second board
al 81, per cent, and closed az 36a decline Of Ia per
cent This morning it opened at S61a per centan ad-
of 4 per cent yesterdays closing prices, and
closed at decline of - per cent during the board
These fluctuations show pretty clearly the condition of
operators, and they also show that with but slight
probability of any improvement Of consequence prices
may fall suddenly and largely leaving recent buyers
far above the market. New York Central Bonds, with
guarantee Of the regular payment of interest are selling
at prices just about equal to those for the Stock upon
which there has been but dividend paid in about
eighteen months The approaching dividend IL paid at
all viii be in the companys bonds ct their par value
This OF nancerng may do for time but no railroad
company stand it long matter what its resources
may be. II is like candle burning at both ends--must
soon be consumed. The Erie Railroad Company used u
feel rs through there end to their means, and
thn standing big shave here and there of no con-
sequence Look at the result Of that companys Gnan
cai operations The New York Central Company are no
IL, oil this moment than the Erie bur they may man
are 10 hide their rnttenness for while longer. The
wo,p las been at the u long time, and its ravages
must soon appear.
We are informed tina, the Empire City Bank has been
suspended from tLe privileges of the Clearing House
Tie suspension consequence OF the failure OF that
~. bol, from he of
the day This will not affect the value OF its notes.
they amply secured meeting Of bank officers viii be
held Monday 11th inst, at IL O'Clock ut the Clearing
House, called by order OF the committee.
The receipts at the Office the Assistant Treasurer of
this port to-day amounted to s156357 o. payments,
sea- CAT 11--balance ss7 35 or the receipts to-
day, 500 GOO transfer. Paid for Assay Office,
$2+T 9S2 43.
After the adjournment of the board, the following
sales OF bonds and stocks were made auction by Al
bert H. Nicolay
So, COO NYork and NHaven RR 7's1s6c Int added II
5000 Great West. Ills. RR los LIST mort do......77A
$4,000 Ohio and Mississippi RR ID mort do... .saA
Is 10 American Express Co.,. 981a
10 do Hanover Bank. ....................S
40 do Citizens Bank. ................-.io lob
The steamship North Star, at this port from Aspn-
WALL brings one week later from California, and
ss4 00S in gold and gold dust The commercial ac-
counts continue about the same.
The earnings of the Boston, Concord and Montreal
Railroad for October 1854, were. 800 500 II
October 1858, Observation-Disclosures. 20,1S1 80
Gain in October 1854 1853 .so17s o3
The Merrmac Manufacturing Co. have declared a ii
vdcnd of per cent semannual $3.50 per sharc) pay
able on demand. Boston, Concord and Montreal Rail
road preferred stock per cent semannual, payable
Dec II to holders Nov. l.
An Of Is cents per share has been laid
Of 81 per share upon the Totec Consolidated The
assessment Of So per share the stock Of the Copper
Falls Co. Is payable Dec 20
The Georgia Central Railroad Company have declared
dividend Of dollars per share, payab, in stock at
sloo per share to be issued the 10th January next
The holders OF the guaranteed stock will be paid heis
senannual dividend Of four dollars per share at the
time at their option to receive stock dividend
Of 10 per cent, IN lieu of the cash of4.
The anthracite coal tonnage from the Schuylkn
rgion the past week very light The schuylaill
Navigation Company reports for the week 1875 tone
and FOR the 90. a5i tons against Ss III
the time last year. The Reading Railroad returns
for the week ending the eth inst ~ s74 tons being
the first week Of the fiscal year.
The last fiscal year ended on the Goth ult during
which the company brought down the very large ton
mage of l,esS477 torsonly II 1913 tons short of
millions Of tons. This is most unprecedented bu sincss,
and when IL is remembered that II has been at
higher prices than in many years before the hopes Of
the friends Of the company brighter that it may
work from under its and pay to
It's owners good and regular dividends.
Trade the Lehigh Navigation is understood to have
ceased for the The company states the coal
tonnage for the present year at tons against
10S0423 tons last year, showing of o4S2
tons in favor OF the present year.
The total earnings Of the Chicago and Mississippi Rail-
road Company the month of November amounted to
$125,956 81.
The circular OF Mr. Isaac o. Davis gives the following
review Of the money and stock market OF Cincinna
for the week ending Wednesday evening" Dec g.
We have feature of special interest to notice In
financial matters since last issue. The mar
ket CONT nues stringent and quiet anil the demand
money still exceeds the supply. The complaint among
business men Of the scarcity Of money is not quite
general as heretofore and this Ia doubt owing in
great measure to the contraction which has been prac
tsed and still continues to be persevered in by
chants and manufacturers in every department OF trade
Local paper Is being discounted the street at rates
ranging from to per cent month"; according TO the
grade Our banks and bankers doing but little or
nothing in the of discounts, and business
realizing from outside loans than In regular way.
We pleased to learn that the popular banking hons,
of T. g. Goodman Co. begin new business on Monday