The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-12-14
r FINANCIAL AND COAANAERC tAl.


HOBBY MARK1E.
THURSDAY, Dec. t-sP. n.
The stock n arhet opened this morning httls mere
buoyaat aad with activity In I'll the lsaAiag ansea
Erie hAs taken another start upward and advanced
day considerably the opening price. Reading vas alss
In better demand At better prices also most the West
ers railroad stocks. Nicaragus Tanst appears 70 be
gradually but steadily working mp to the old poiats and
there every probability of its being permanently sas.
tanned Nicaragua now less troubled with internal
dasesoas than ever before during the existence the
Transit COMPANY, and everything must henceforth ope
rate moro favorably. The New York Central Railroad
eleotsn has passed Of without any change This Of
anticipated. II was moro matter of FORM
The board remains in power and we shall probably
have the set of officers with the same system Of
management This only hastsns the result we have long
since predicted, vz reduction In the aggregate of
earnings, and what naturally follows, . reduction
IN the rate of dividend. Those interested may no.
be aware Of ii until the fact Is announced, for
it is the easiest thing in the world for annual railroad
reports to be so made out to represent state Of
things entirely different from that actually existing We
have 10 midst Instances enough q this fact We
need no further than the Erie and Harlem companies
Tor illustrations and what frequently predicted in
each of these roads must later appear the
he~ York Central. The same system Of management is
pursued the Gnanciering he same extravagAnce
the same reckless increase In construction account which
produced insolvency the two roads above named and
the misrepresentation appear In all tho Central
Coupsny's reports which in the Erie Company so long
deceived i,s stockholders II is with the Central mat
ter Of time only few years must place it the Stock
Exchange alongside OF Erie. Fits internal condition
web known or had been thoroughly exposed, it
would be there now Railroad bonds comparatively
quiet oay. Illinois Central advanced, with quite mo-
derate sales. Cumberland Gal has not moved much
either way lately Spectators In II appear have ex
haasted its speculative resources. We learn that the
mortgage not removed by the extension of its bonds
and that the company have right to dispose Of
any portion Of its estate than 1t previously had
At the FIRST board to-day Illinois Central bonds I'D.
ysnced u per cent Nicaragua Transit, II Erie Railroad
X; Reading Railroad, III Michigan Central Railroad,
y. Panama remains unchanged The decline Of yes
terday is not satisfactorily accounted for. In less than
thirty days the company will pay large cash dividend
some say a. high as seven per cent. Hudson River
Railroad has become quiet again. sort Of gavanic
shock experienced day two since which extorted
kick two, but it Immediately reapsed again. and has
exhibited no signs of life since. We must lay it up
alongside of Harlem. Some confidence bought 100
shares to-day, at 80, buyer thirty days. The condition
Of the money market the season, the position of po-
ical affairs all the world the expansion prices
in markets Of securities having actual value
the scarcity Of outside OPERATORS the probable exporta
ton OF large amounts of spe,ie and the importation
Of Large quantities Of dry goods &C., the absence of
foreign demand for public stacks, and the probability
Of return Of many hell in Europe-ali point to a
contraction, and destroy all hope Of any speculative
movement outside Of the cques Of the Stock Exchange
After the adj ou.nment of the board the following
OF bonds and stocks made bv Albert II. Nicolay:
1877 600 JeiIer sonvie City per cents, fat .....1O
~ oOotot Wayne q South. X. lat mtg rs, fiat. .
lS,W DO. do. do. 6x
10000 Terre Haute & Alton r. 1st mtg Paint ad.. 70
1000 Little Miami RR lat mtg. SIS do....78
5000 Nrn Ind K Goshen brch) LIST mts rs do. .79A
10000 Mich South. r. (Jack'n brch LIST mtg rs do78H
1000 Breckenride Camel Coal Co. of Kentucky 81 900
IL 900 Northern Ind RR rs, int. added. ......78
40 shs United States Mail Steamship Co ........32
rs Michigan Sou hern RR. Construction Stock .92H
Commonwealth Insurance Co.................aOA
60 Enterprise Fise Insurance CO.................TK
40 Chatham Bank 49,. ........................8 IS
IdCtnc Dobks....... iVl
~ Farmers and Citizens Bank Of L. SIX
26l st Nicholas Fire Insurance Co.............b4h
SO Metropolitan Fire Insurance Co.
10 Knickei booker Life Insurance Co.. ASK
At the second board the market quite firm. Mica
rasua Transit advansed y por cont; Illinois CentraI
Bonds, " Reading fell Of per cent There large
ssls Of Ee and At the close there was upward ten