The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-09-07
FINANCIAL AND COMMERCIAL
MONEY MARKET.

der existing circumstances Mr.. Homer Ramsden, the
President Of the Erie Company, says that for the nine
months ending juno &c. 1854 the net earnings amounted
to $616,52l g. which il at the rate of S6S 602 per
month. The net earnings of the company for the pre-
sent fiscal year to the LIST of September at the above
rate should have been s75352 The April dividend
Quoted from that should leave hand nearly $780,
COO for the October dividend Instead Of the Treasury
showing such balance In hand the company h.d to Dor
row money mortgage Of its rolling property for the
Of interest its funded debt the LIST Of
September. We have good many reports showing
large net earnings Of the company, but they have
been realized The public would like very much TO know
what becomes Of the large net earnings reported We
find that in The face Of such reported large earnings the
foatrg debt Is continually increasing and the inference
is that important items of expenditure omitted In
the transportation account and paid of from the pro-
ceeds of the floating debt But for thu floating debt
which ia all the time steadily increasing the earnings of
the road would be entirely consumed opera ling
expenditures and payment Of interest," and have not
conclusive evidence Of tina. than the recsnt
financial operations Of the company. If the promissi
report not satisfactory than the just made
the market value Of the stock must give way permanent
~. Most Of the leading Ancies advanced at the frst
board to day. Nicaragua Transit went up y per cent;
New York Central Railroad u; Hudson River Railroad
1. Reading Railroad declined x per cent. Cumberland
Coal stock is getting quite active again. at better prices
We have noticed sales to extent Of Gold Hill at 81
SO Per share has been noticed that goo dea Of to
stock upon the market just before dividend day
We hope that the funds for the payment Of the Dividend
not raised by the sale OF stock It may be nothing but
coincidence, but it looks bad particularly at this time,
when mining stocis are in such bad odor.
very respectable number of gentlemen interested in
the Erie Railroad Company, assembled Ut the Aston House
this morning. in accordance with the call published few
days since anticipation that representative Of
the Board Of Directors would be present. prepared
make statement regarding the financial position Of
the company but to their great disappointment
appeared This nasht have pcsn expected. Whenever
opportunity for explanati,n 1t is generally
treated in this way Tho meeting adjourned without do
ing anything; rather extraordinary issue for
Eembage Of business men, the approach of election
for directors, when it would ineums bent that
preliminary steps should be taken to provide for
tict It being understood that the present directors
disposed Of their stock in anticipation Of decension
Of reelection; their experience having proved less
profitable than expected The meeting composed of
such men James Brown, Dow D. williamson, &c &c.
Atthe second board the market was not so well
taned Nicaragua Transit fell of per cent; Erie Rail-
road, u; Reading Railroad Vi Harlem, u. There we're
only two small operations in Erie Railroad for cash.
The steamship Asia from this port for Liverpool
day, carried out sl,0s6,553 in gold bars and eoin
portion Of this shipment Of the Mexican
indemnity.
Albert b. Ncolays regular semi weekly sale Of sto.ks
and bonds will take place to morrow (hurday) at IL
O'CLOCK, 1T the Merchant Exchange.
The receipts Of the Ohio and Pennsylvania Railroad
for the last month"; and thus for the present year.
have been exceedingly large Allowing II to be of the
most prosperous works In the West The -oss amount
for the present year Will be nearly equal to twenty per
cent on the total cost Of the work.
The following table shows the receipts referred to-
Receipts Of the and Pa RR for Aug 1884 $40 2s So
Do do. do. 1884,. 60 928 %
Increase 60 per cent. Observation-Disclosures 4a,alo 10
For the drst eight months Of 1854 $ssi, 47a SO
Do do. lsS3........... 3e4,siS IS
lrcsass - per cent. $266 624 Al
At the commencement. OF the year, the receipts for
1864 wee estimated by the Chief Engineer and super
intenient, W. Roberts, at 100000, being 1922 900
more than the receipts OF 1853 bu. as the increased
cepts In eight months exceeds 1896 500 II Is probable
that the receipts FOR the current year VII amount.
81, zoo, GOO. e8 so
The warrants entered At the Treasury Department
Washington, on the 4th inst, we're
For the redemption Of stock ........,s 4s ob7 Al
For the psyn ent o. Other Treasury dsSts. iT417
csvsrsd into the treasury from lands. 1850 %
Far tie War Department. T0,6l7 90
For the Interior Department ........... 55s g29 so
1he redempsons of tho debt Of the United State for
the week ending the "a inst, were LOAN OF 1912
$4,000; do. lsAS ss1 0oo do. ls47 ssslso; do 1sas
sse,soo; Texan Indemnity, s8e,o0o--s25s, $50. On
Monday about $50 900 in o. s stock we're received Of tho
Treasury for redemption, and yesterday bout S55 600
The receipts Of the Nil wauhes and Mississippi Railroad
for August we're For freight siolo1 81 passengers
siS,oss %; total 80, 100 %.
The trafc in an descriptions Of dry goods is unusually
ssd eouStsy And local jobbers still conans their pur
chsses within tbs bounds OF their most pressing wants.
and there exists speculative export demand OF
any consequence On this account and because of the
steady increase In the supplies here display
even greater eagerness to se-the result Of which IL
seen in the irregularity and downward tendency Of
prices These much lower for several kinds Of goods
especially domestic woolens and uaseAsonsbe foreign
iabrcs now than during the spring, though the cost Of
producing such articles has since thee rsher Increased
than dnlnishsd Yet such change does not seem 10
influence the action Of buyers hence the main aspects
Of the trade at present gloomy and discouraging
There has been rather moro doing ia brown sheengs
and shrtings At ahout previous quotations. Tbs stock
10 quite ample. Bleached sheetags and shirtings
lesa active bat not lower though factors appear desr
Gus TO realize upon them. Canton fsnnels seem quiet