The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-15

all pressing demands. There q vast amour. Of
afoa in this country and the ew fancy stocks Knocked
aoout amohs 'ne oanacrs DO not absorb many millions
but that II necessary they could be totally annhilaed
wthou, running the country or bringing revuon
The mercantile classes are rich, and their position par,
cuiarly comfortable They have not done very larg.
business during the past season but has been upop
sound principles and all the indications are in favor Of
better and profitable business next spring than has
been known for years The agricultural glasses are coin
ing money on their crops The season haa commenced
with high prices for hreadstuns, and producor have
therefore, the full benefit Of the market They win be In
position another season 10 not only largely
OF All articles, but to pay up well old debts The rst
great source Of all national wealth likely to be full ami
that must lead, with strict aud heady adherence 10
legitimate lines Of business most favorable results
When the mercantile classes easy n their finances 1.
Is well known they absorb very large amount OF our
stock securities Stock spectators draw their own
differences from these facts. Outsider do not a. la
years past rush wildly bnily fancy stocks
but exercise great deal OF caution In the selection for
even The temporary employment Of their Idle capital.
They productive securities s,nething that viii not
spoil in their pocket books and such be founi In
the marie, the hucles will not attract much attention
from this class 81 purchasers
Albert H. Ncclars regular semi weekly auction sale
18th inst at l2 O'Clock, a. the Merchants Exchange
We understand that the Cumberland Coal Co.. through
one Of its diiectorsA. b. sherman, negotiated It's
proposed loan for 300 300 In September, With Brown
Brothers. but al what rate aud for what period
not informed II il surprising ha, the directors Of this
company deferred long TO impart 20 the stockholders
knowledge Of the fact Of the successful negotiation of
loan necessary to the very existence OF the company.
We are informed tina; the company, In making this
loan reserved the right TO sell any OF IT'S lands
qured FORTS use Under the mortgage loan Of 1852 IL did
not have such privilege. rumored in the street
yesterday that the company has just concluded agree
ment TO self secs, 600 Of It's coal lands.
The Lehgh coal tonnage for the week eadw De otcr
was 80 s33 tons making the total tonnage the year
to the same time, 10l5,ss6 tons The schuylku Sayl.
CATION coal trade for the week ending October l. was
2853so2 TONS making total for the year to the same
time Of so5, 565 against $50 4o II tons 10 the same
time last year The amount of coal transported On the
Reading Railroad for the week ending October H. was
a93l1f5 tons making total for the year thus far Of
1901 e6sl5 tons against 10 1917 10 the same
time last year.
The expectation Of specie from this port last weea
amounted 10 only ss1 Oe3
The receipts Of the Pennsylvania Railroad for September
MaonhWa 70. is2 ~
same thoh'h hst -eia7o os
Receipts from JAM to oct J. 1sS %
same peiipi ast y '2o lV3 -
Increase. s27o,299 81
The receipts Of tie Baltimore and Ohio Railroad for
September veie:--
Min Stem. Uasa H., Taais
For passengers. sol 500 ss s.s $40 II 500 e57 or
Tor freight. .27e05s 20 e,3ii Is .ss i03 81
Total. $40 025 o. s3s 03i "a s37s 900 81
Ibis shows an Increase in the aggregate receipts on
both roads in The past month Of 500 III ovc THOSE Of
September 1854.
Total receipts for the year ending Sept 90
ieao - l-95is II
Do. do. DO. 1884. A. 0is,t 0i
Increase in year ending Sept go 1885,. slo2 1877 81
The Boston Journal states that the directors ~ the
Ogdcnsbug Railroad viii The trustees of the seconi
mortgage bond Tuesday next the 10Th Instant TO de-
wise plans IL consolidation" 81 accordance with the
act ~ The New York Legislature passed Tor that purpose
al iA last se1iop One plan suggested g. 10 let the fst
mortgage 81 one and half Millions remain a. Il now r.
aud either convert the second mortgage aud the shares
into common stock equitable rrincipea 81 h con
vert The second mortgage iuto seven per cent pre-
fcrfed stockn without any change In the relative pot
tion Of the present common stock
The annexed statement exhibits the value OF nerehan.
disc exported from this port, and The shipped d
different eogntre, dedns the week ending and intending
Friday oct. II IsS5s--
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