The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-12-04
FINANCIAL AND CONNER GAL.
MONEY MARK EFT.


MONEY MARK EFT.
SUNDAY, Dec. 5-8P. NJ
During the past week there has been quite active
movement in the stock market. The bulls and bears
have had things their way At times, but at the
close the out ahead. The advance prices
early 10 tue veek in the face OF the BILE foreign
news hat surprising bat buyers felt coma.
dent that Il v<s the beginning Of steady and perns
pent improvement. The position Of matters under
immediate notice rather calculated to justify this
view but the condition Of afarSon the other side Of
the Atlantic IL Ear from being OF satisfactory charac
TER and they must have their effect. Quotations for
foreign exchanges have fallen OF very materially, the
shipments OF specie have become much reduced im
port trade has been contracted to the narrowes limits
and have every for believing that these eyt
dences Of improvement will continue; but It must ba
borne in mind that exporting resources have been
very much restrictea-that great staple articles
Of European consumption win be very much reduced
snd that shall feel very scnsibly the contraction and
liquidation going in England and the Continent The
improvement domestic affairs is more the result Of
inactivity than nythng else We have no home trade
there il nothing doing among our hboring classes our
operatives idle apd public works have compare
lively moderate amount Of traffic. Inactivity regns in
every department Of industry and evrey interest public
and private appears to be completely prostrated The
contraction has greater than known before in
the length OF unle una tue eHect viii De f0f q
long time visible the dulncss Of business and depres
sion OF prices If we have trade,
vsueless We must look for great depreciation in prices
for cotton crop. The European consumption likely
be limited and slight falling OF in quotations make,
an immense difference to us in the aggregate value 1
local affairs should became temporarily relieved from
emba foreign manufacturers would avail them
selves of the opening to food markets again wit
their fabrics, and carry of the proceeds in bullion with
out producing improvement in prices for
serials buoyan state CT things this side during
severe pressure the other side Of the Atlantic is en-
treiy out OF the question Any let up here could
be otherwise than shortived, from the very tina.
would be made of It by parties DESTROYS to realize
We must remain in the boat with those connected
with us in financial and commercial operations. If
those with whom deal are embarrassed must pay
all At the shortest notice; and II fortu
nate enough ut any time to be able to consume
largely shall be Immediately supplied and required
TO make immediate payment We must, therefore for
safety, live considerably within and
endesvor BY economy to make for past extravaganza
The present generation of merchants las passed
through long protracted European war, and all ig
orant Of s effect upon financial and commercial affairs
Thus far oil our anticipatons and calculations have
proved aborvc and the very has been realized
1t is the height Of folly to suppose that any great
mercal country be benefited by that involves
the expenditure Of millions drawn the active oper
ations Of trade. When the Of the world
restricted By extraordinary events, the whole world
must suffer less. We may have periods of tenn
porsry relief, but they will prove fatal to those who
may DO induced to trust them until the great for
contraction disappears and peace again prevails among
the nations Of the earth.
II is reported that the Reading Railroad Company in.
tend passing the next regular semi annual dividend on
account OF its heavy floating debt. This is all right If
It has aoatiug debt the directors have business
pay dividend.
The earnings Of the Hudson River Railroad Company
for November amounted to S134 703 against $12 $40
for the month last year. Increase, sl1 1888.
The following communication from stakeholder in
the New York Central Railroad Company touches upos
some weak spots in its finances. He puts peril
nent questions TO the management which, il answered,
would enlghten this community very much. We doubt
ii there 10 director stockhoder In this who
knows it's actual condition, whether since its conso
dalton it earned dividend not. The writer is
mistaken about the officers receiving salaries. Their
services paid for in Hne contracts for building de
potts. furnishing machinery &C., &c. 1t would be too
small business for them to receive salaries aud foreg
the pickings
TO TIFF EDITOR OF THE HERALD.
The Daily Tsmes, during the past eighteen months
.hch have led many Of the stockholders believe tina
they emanated from the DIRECTORS 1t Albany but whic
mind The stockholders have been greatly deceived
these statements Letters have been sent to its cdto
from its columns Communications have been sent to
the officers OF the company AZ Albany and the only an
swer made was the enclosure Of circular soliciting sub
solicitation. the stockholders have received but divi
dend of four cent The due last August viii pro-
baby never be paid, and the semi organ says
the next dividend win not be paid in cash. perhaps
at an !, in common with many others, have nearly
my all invested in this stock, which my friends said
the most certain paying dividend company the State
am past work. and shall be compelled to sacrifice It,
The salaries Of the officers Of this road said be
prncely They have privations-ther salaries must
be kept upthey can live in splendid houses and ride in
Men could found sD 70
the duties quite we'll and be equally responsible,
for one half the salaries now paid No reliable state
and all in the dark Now, Mr.. Elitor, would it
mot be WE'LL before the present officers reec ,ted
would like answers to the following ques tions:--
What is the amount of stock issueds
or six per cent bondss
Debt certifcatesY
Real estate bondss
directors may have brought the company intof Some
time go said that nearly 600 Of the bonds
were taken. and million sold in England. I would
like to know how much Of the Mohawk Valley stock has
been paid how much Of the Syracuse and Utica Direct
Company; how much Of the Buffalo and Rochester
stock; OF the Schenectady and Troy Assessment. l
would suggest that committee, such as reported on
the Eric road be appointed 70 make thorough cxami.
aton that the stockholders couli get at the truth
The press Is powerful; but from what has appeared
nothing may be expected from the Times but what may
be TO the interest OF the officers If you help the
many mechanics, widows and orphans who have nearly
their all invested in this stock, great favor will be
conferred ON OLD MECHANIC.
The expectation OF specie from this port last week was
quite limited appears by the annexed statement
sHRMFS1s or srRcIE FROM THE PoRr or New YoRx.
Brig Abram Curacao, Am. gold. S. 900 90
steamer ASIA Liverpool Am. gold coin 74,GS0 90
10. do. CAL gold dust. 5,94S 90
10. do. Twenty franc pcs. 1920 90
10. do. Cal. Phil. bars. Sol 95
Do. do. Europ'n and Cal
gold coin..... 4o,2ea Is
Total Cor the week .................. 500, TO3 7