The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-11-16
FINANCIAL AND COMMERCIAL.


"WEDNESDAY, Nov 1916 p. NJ 3.
There was slight reaction in the stock market at the
FIRST board to-day and prices very much unsettled
The fluctuations were very irregular. Indiana SIS fell
OF y per cent; Virginia 6's, Q; Erie Income Bonds, q
New York Central Railroad, 1; Reading Railroad, III
Erie Railroad 1h Harlem, II Hudson Railroad, y.
Illinois Central Bonds advanced per cent; Delaware
and Hudson, "; Chicago and Rock Island Railroad, u.
The most active stock the list to-day has been
for several days. Ere and the aggregate operations
were equal to all others combined. II to be the
regulator Of the market The heavy shipment Of specie
by the Arabia to-day has produced heavy feeling in the
street, which win probably last day or two. The
movements Of specie watched with good deal
Of anxiety, and the public mind has become particularly
sensitive, in consequence of the depression weighing
upon AL financial apd commercial matters This feeling
is calculated to bring about its Il carries
remedy within itself that will lead to radical and tho
rough cure of existing evils. No feels disposed to
enter into new engagements Of any kind and an
making strenuous efforts to wipe out old liabilities in
the shortest possible time. This policy rigdly adhered
to must ultimately work wonders
AT the second boarl the market was blue enough 70
satisfy most any one however bearshy disposed Erie
Railroad declined per cent Nicaragua Transit * I'LL
nois Bonds *; New York Central Bonds x Cumberland
Coal y; New York Cen raj Railroad ~ Reading Rail.
road Michigan Central Railroad u. II there is
much lower depth for these securities the it is
reached the better for those interested.
The steamship Arabia from this port for Liverpool to-
day, carried out 81 2s 667 IL gold bars and 81 900
in soveregns This much larger shipment than anti
cipated but win not reduce the supply in the banks
The demand for exchange for this packet through
out limited, without change in rates.
Mr. A. H. Nicolay's regular semi-weekly auction sale
Of stocks and bonds will take place tomorrow at 12
O'Clock at the Merchants Exchange.
The Mechanics and Traders Bank OF Cincinnati, q
branch Of the State Bank Of Ohio reported having
failed.
The public advised by the following letter Of the
security Of the Ohio State stock bank notes -
TREASURY OFFICE
COLUMBUS, Ohio, Nov H. 1854
SR-In answer to your inquiry reply that the notes
Of the Miami Valley Bank, Canal Bank OF Cleveland,
Savings Bank ~ Cincinnati, City Bank Of Columbus,
and all other C'tn stock banks will be received for
taxes and all o:hcr public Dues at this Office hereto
Of Ohio AMI United States stock in the Offices Of the
Auditor md Treasurer Of State, which stock still
commnnc!ng premium in New York. No bill holder
need necessarily lose nythng by Ohio stock paper
J. g. BRESLIN Treasurer Of State
The General Railroad Convention John p. Jackson,
President and Gordon L. Ford Secretary met yester
day at the Astor House. to notice. and after
general discussion Of topics requiring action, adjourned
10 meet at the place Thursday evening" the 23d
inst, at o'clock
The warrants entered at the Treasury Department,
Wa shpVfon On tho 18th inst vere m follows