The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-07
FINANCIAL AND COMMERCIAL.


SATURDAY, Oct. Do II NJ
There was very active and very buoyant time at the
Stock Exchange to-day. Every stock ON the list ad
vanced some considerably. Erie and Reading in
very great demand. Nearly thousand shares o.
Reading sold principally in large lots and for cash.
Nearly five thousand shares of Erie soldhe bulk
for cash and at the opening State stocks and railroad
bonds were freely offered and freely taken There
sale Of Louisiana 6s in lot of $780, at 9 and
small LOT sold afterwards at advance Of u per cent
Illinois Central Railroad bonds sold to the extent Of
about s16O oooalmost entirely for cash-at improve
inent. Cumberland Coal she slight advance; and
from the movements going in certain quarters,
should not be surprised to advance of
quence. II is about good stock as can be found
in the street for speculation. Any one having more
money than they know what to do with, who is dis
posed to risk portion of it fancy stock, could
not do better than to take a 'nyer in Cumberland
ieveand Toledo advanced to-day with pretty active
sales The present price is dividend on, and not exdv
dend as reported by contemporary. AT the first board
today Virginia 6's advanced e per cent; Erie Bonds
1876 X Illinois Central Bonds Harlem u Cumberland
~ Erie Railroad x; Panama, l. Galena and Chicago 1;
Reading l. Michigan Central 2; Michigan Southern, Q;
Illinois Central Railroad ss Cleveland and Toledo Rail-
read y. All the Western railroad stocks in active
demand at the advance and closed firm with an upward
tendency Michigan Southern and Galena and Chicago
win take the lead and keep it, entirely upon their real
merits.
The steamship Washington from this port for South
amrton and Bremen to-day carried in Ameri
gold. Total shipment for the week, 1898 SOL.
AT the second board the upward movement continued
in full force with pretty active sales. Cumberland ad
vanced Il per cent Galena and Chicago Harlem, u
Erie, u Reading Railroad, u. There sales OF
Hudson River Railroad this afternoon. This morning
there sale at 365z per cent the lowest have
tced for long time. The condition of this company
road during the year ending September 80, 1854
Operating road 81, I5o SIS IL; taxes, ''''''0'
s9a23 90 rent and leases, s13S, AIS %
interest $3.50 45S 81, 1856, 217 80
Deficiency, Sept. so, 1s54... So, POI 90
The gross earnings of this road for the year ending
September &c. 1856, $780, 04. Increase last
year. Sis S1S Deduct from this IA per operating
expenses and have left 49, the other items of
expenditure remained the in 1884, there was
cency the soh Of Sept 1885, of $54 17s and
cent reserved for dividends depreciation. Upon what
possible grounds any person is induced to hQld Hudson
River Railroad stock under this state of things
imagine. They either ignorant of the present condi
ton Of the company and the ultimate fate Of the stock
total annihiaonor they cling to that most absurd Of
all hopes, that the great consolidated Central Company
intends to buy them up at fifty per cent.
1t beginning to be conceded that the Central capital
is already about large enough that has taken in of bad
and worthless roads sufficient quantity without
swallowing the Hudson River Railroad at sl2 0OO O00
Besides Legislature could be induced to add another
dollar to the immense money power already fastened
upon its vtals. ANY legislator who should vote for
such bill would be tarred and feathered by his cons
tuents on his return home, and deservedly So
An officer of the Galena and Chicago Railroad Company
recently asked by large stakeholder, what he
sdered the stock of the company worth. His answer
that when it touched $50 per cent it would begin to
approximate its actual value permanent investment
Holders of the stock form pretty correct idea
this Of what It is WORTH and govern themselves accord
ingly Any holder not obliged to realize who sells at
anything below $50 per cent, at that, makes
mistake and will it before he gets much older.
The exports from this port last week quite heavy
and full onehalf of the aggregate was in breadstus.
The value Of merchandise shipped to each port was
follows -