The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-08-31
FINANCIAL AND COMMERCIAL /.


FINANCIAL ANO COMWEHOsAS
NOS u v - n X = -. V8
3D. fa.6W WDxHpAy. August 3o--6 p. n. y
TIE ssa4 nAshst opened and slsssd 70 dap vey heavy
The busyansy notesd during thu past day or two has
been lost and al the ding faucSs fallen back to
old prices At the 6sst board ninos Csnrs, bons do
eliped per cent Era Income, 8; Erie, 1871, k Mica.
Yagua Transit, u Cumberland, u; New York Central
Railroad l. Reading Railroad, y. At the second board
there was an improvement Ncaraxus Tssusis advansei
per cent; Hudson River Railroad Reading Railroad
N Erie Railroad u. very moderate amoant of bnsi
pess was at both boards rho Hucsuatio
prices TO- day 10 fair illustration Of the unsettled
state OF the public mind, and fear this condition OF
things will con tinus We do not any ndcs lions OF
return Of better times. There h disposition OK
bbiied 10 buy sell stocks to any extent Tho bsars
move cautiously, and operators generally change about
from dog to daybears day and bulls the Bears
In on fancy win be bulls In another; and small proas
Is suffered to pass away This II great ,cret OF
in speculation in fancy Stocks thing else
When prodi can be mads make IT, AMI let those who
cone In later have chance, Is maxim all should fol-
low There is not likely to be for time great d
florence in fancy stocs in favor Of either tho longs
or the shorts and those no do moi small PROFITS
win not secure any. s.yl fiss1l9sl .o95n 9srba
The Erie Railroad Company have not yet provided for
the Of interest due THAR bonds on the lt
Of September, prcaimo. The day is .. hand and
not muuh more time spent in farther nsgotiaops
tho company cannot mortgage It's rolling property the
only security b. sft il must under prstsst and
declare its bankruptcy There great deal done to-
day in Illinois Central bonds At very low 1guras. The
lower these bonds CO. the ereater the guam ity Sold
That the security Is nndoubted believe doss not ad
NIT Of doubt and ut the present arxet vsue TIA in
vestment pays upwards Of ton per cent. Nicaragus
Transit Is steadily improving and may advance coasds
raby. Arrangements have beon partially made for b,
Withdrawal Of tho dependent Line' Of 10
the event Of this being consumased Nicaragua Transit
will be IN demand at higher prices The purchases made
within the past day two have been with that view.
There meeting Of Of the stockholders OF tho
New York and New Haven Railroad Company At the Me-
tropoEtan Botel day two since preparatory to cal
ing general meeting Of the stockholders adopt such
may be deemed necessary for extrscating
their property from It's present position, and for placing
such men in the management win have regard
for the stockhoding interest," Notaing has heard
lately Of the progress Of the investigation instituted in
sequence Of the Schuyler svinde. The board
of directors manage the road, and things 60 just
about the same as when Schuyler In fun power. If
the stockholders adept the right COURSE they win turn
ont every msmbsr Of the present board-mske clean
sweep and commence at the foundson to build up pub
lie confidence. 60 long as single member Of the old
schuy Ter board remains, long viii there BE- faint
upon the There undou stedy shrs vd iate
gent sensible, practscal mon among hem but it
sary to begin at the beginning and have thorough sr
hauling Of all old abuses. There probably not than
two other railroads in tbs country which have
been managed than tho New Haven. great deal
Of exravagauce and iniquity will come to light;
but the right Kind of should take hold Of it. and
look into it pretty closely they would End good deal
Schuyerism from the earliest date down to the 4h Of
July, 1854. There men in this community made Of
the right stuff to take hold Of this concern and make Il
one Of the most profitable roads In the country We
know Of NO better for the business than Joel w.
White, Of Norwich. There is fine field open for the
enterprise and energy Of ssch It would give any
man cnviabs reputation to bring up the New Haven
road from the financial slough in which it now rests
and place in paying condition. could be done with
proper manage ment and If Mr.. White ooud not BIO in
duced 10 take hold Of it, the stockholders should get tho
next best man, whoever he may be- at any prise. No
lime should be lost, and the stockholders should attend
the next meeting at tho Metropolitan Tn messe and
adopt the most rigorous to secure in the
shortest possible lime, the desired rcsut.
meeting Of the stockholders OF tia Parker Vein Coal
Company win be held o-morrog- Thursday--snd full
attendance 10 desirable, important business win como
up fer consideration. 1888 NJ .. 81. sessr 4 .s..ss
A. H. Ecoiay's regular scni-GeekH sale Of stocks and
IL O'Clock at tho Merchant IT, Exchange. va 3.
Tho proposals for the can Of 8, ooo for canai en-
larsement purposes wl be opened Albany to morrow
Thursday, ct noon. +. s.s sH
The steamship America from Boston for Liverpool to
day, carried ont s625, 900 in specie prncoay in soN
bars This believe /, The largest arioun. yc- ship.
ped in any one vessel from Via. port.
The warrants entered at the Treasury Department,
Washington, on the 2slh inst, werc:--
For the payment Of Treasury dcbss..... $685. SO
oro .ns ns .,.,, From, =, 900 eg %
Coyerco into The Treasury from miscellaneous
For ths ss var r.n:ri,osnt ZOO ~ %
For the Navy Departnons.... 80 1873 65
Tor repairing for tho Navy Department. 40 81
Tor the Interior Depars ment ........ G5,lso Ss
For repayment tho Interior Department. 3o713 20
comparison Of the foongs of the weekly bank state
cnt Of he Boston banks With those OF the statement
for the previous we,k exhibits the following results
.4s Dosros BANKS.
81 Aag',yt u. ApgEs2s.
Loans discounts. 81 oa543s 6lsse5le Inc. .5s $50
specle.....:."..:. a,sssss4 2,s72st2 Inc. -H,los
Bus o other Ds1i banks efs sSs Dec
Deposits ....... 13,8875Sl ls2oo,s77 Dos. 1880
Circulation $3.50. s,osT,oo8 7,972saa rec. III 100
Tho increased capital conssts IN 1928 addition to
tho blackstone Danh s2,7oa to he Eliot, AMI $1,000 to
the National Bank.
Inc maispspon8 linc) Jotfa1l OF the I'D inst says:
Quito number u free bankers assembled hero yester-
day. and hear mat they snggestcd 10 the Auditor OF
STATE tho poprs OF calling IN i've per cent OF the
tire circulation OF the lIoo banbs. 1hs Will meet
the appreciation Of all end give additional strength TO
the system As tho stocks stand ey are worth
qnaiter u nion Of dollars than the amount H.
sred on them. II live por cent OF tho orcrlaton IL
called in, and tho stocks remain in tho Auditors hans
the bills sill bear 0ep ocaton of seven and half nor
eentqato margin 10 fail baek on and state securi-
ties continually increasing In price, NC SEQ NO canre
for alarm in the present atcp pts OF the Cincinnati bro
kers TO crush our free banhs 4 81 .0G
The bankers and brokers Of Cincinnati hayc issued tie