The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-09-30
FINANCIAL AND coMMERc iAL.
MONB NJ n q X - =


HONEY M n X - r.
PaID,v cot 29-8PM N.
with quite an active msrkes for stocks fell
or fraction At the drst board Ere Iacome Binds de-
clIned !, cent; Canton Co 4. NiosrssuA Transit Vi
Pennsylvania Col y; Cumberland Coal, ~ Ses York
Central Railroad, y; Cleveland and Toisdo hsiroads
y; Rrts Railroad, X; Nor~ich and Worcester, u;
Harlem. ~ At the opsning prices firm Tor q
time ct yesterdays rstes, after yards they sighuy
declined and the close showed signs Of an improve
meat. Reading the ernest railroad stock on
the HIST 70 day and the transactions were very large
within the past few days the st oek market has wonder
fully Improved In tone The novs nents now are more
regular the operations time seDsr's aud bayers
option net exhibit these have resent
ly recorded An eighth . quarter per osnt is now
about the difference between cash sales and those on
sixty days. buyers SELLERS opnon This shows the
abundance and chsa Of money In Wai street on
such securities ana Is rather encouraging feature.
AFTER the sdjournmsntc the Board the following sales
Of stocks and bonds mae At auction BY simeon
Drspr-
1000 Cleveland and toledo AZ oouveftib'es do. 72A
1900 City Of Cairo rs. :. ...................4gh
100 shares Third Avenue Railroad co...........3lk
20 do Wells, Fargo Co . Express. $50
Ice do Chicago and Rock Island Rsiro I'D. ...8lH
Twenty thousand dollars in dollar notes Of the
Mechanics Bank Memphis Tenn, were stolen from he
room Of the President OF the Bank the 10th inst.
They numbered from 10 $50 inclusive, and dated
July 1864. with large blue engraved the lower
eide between the vignettes. The President says taat
Of the notes of the above date mark and denomins
ton have put in sirca by the bank and ~iit
be paid He further states that he has recovered
sl2. coo Of said notes
II construction Of rarosds during the past three
6us Years fair Illustration of the reckless needless
in which IL people OF this country plunge iato
any enterprise They ALMOST invariably over do 1t
hrst and resc N takes place, which doss not pass
OIL for years We dash bioiy into the deveop ement
any element Of wealth, that the cost il rarely
counted and expenditures leave tie whole communi
ty involved In financial OF serious cha
r.cter The effect OF all this is frequently visible for
years after and it is only when the country in its
turL d ogress requires these works Of internal improve
ment that parties interested derive any benefit from
then. We in that condition For several years
past have been engaged 10 cons xuctng railroads.
and they have been exsndei faster than the actual
wants Of commerce required We stretched to the ut
credit both At home and abroad and attract
ed capital from other inches Of industry to their in
jury. We altogether too fast and before the pub
lie really Of The dangers ding them,
there came collapse credit and all further progress
WAS At arrested Rs'irosd bonds issued by new
companies could not be sold AZ any price. Almost in
day auction sales of securities suspended
This the first step towards reform and recupeIa
ton. The market being relieved from the sup
ply OF new bonds, the old issues not 80
burdensons, and whatever demand existed for perma-
ment investment, absorbed much Of fixed quantity
The amount pressing for sale has therefore, been grs
duany reduced; and that the demand from the
other side has revived with great deal Of force,
may look for rapid decrease in railroad bonds offered
for sale Ia this market While this Is going rail-
roads Will be improving in prodactiveness from their
own al resources and from the absence Of compe
tor lines This pause In railroad enterprise will be Of
vast benefit to all the oil comps In fun and active
operation, and give them strength to compete
hereafter with whatever rival may be constructed
The prize difficulty those interested In rar Dads
have to contend sgsinst is compet iton and we have
always been appehsnsve that this would be carried to
such extent to materially reduce the productive
ness of ell UGH investments. With moderate increase
In these valuable works Of internal improvement and
with judous selections location Of routes
this difficulty alluded to can be moderated not entire
In railroad and let hope that the
future may bring the reward. Expenditures ON old
roads have in great measure ceased and the probAb
iy is thst future outlays will be In accordance
with actual requirements for profitable operations than
hey have been. The experience gained appears so
far to have been dearly purchased but may at
.uture time appear cheap at ten times tho cost.
Tho annexed statement exhibits the quantity and value
OF foreign dry goods entered 1t this port for consumption
for warehouse and also the withdrawals from warehouse
%, 1864 -
MOyNfcgTs FOREGN pRY GOop9.