The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-12-23
FINANCIAL AND COMMERCIAL.

SATURDAY, Dec. 22-6 p. N

SATURDAY, Des 22-6PM.
Quotations for stocks today show further decline.
Nearly every stock the list fell off this morning.
considerably. Illinois Central bonds receded per cents
Canton Company, Is; Cumberland, n New York Central
Railroad, n Erie 1; Reading Railroad, x; Michigan
Southern, "; Hudson River Railroad, N Cleveland and
Toledo, II Chicago and Rock Island, N Nicaragus
Transit advanced u per cent; Illinois Central Railroad
y; Galena and Chicago, Y. After the board Nicaragua
Transit in demand and Is 49, per cent were Of
fered buyer sixty and sellers The stock was scarce
and parties in the market borrowers. The move
ment In Erie active to-day but 1t was on the down
ward tack Michigan Central sod to-day in small lots
but it Is weak that should not be surprised
any day serious depreciation in market value Chicago
and Rock Island appears to be gradually settling down.
This active speculative stock and the daily
sales have only been to moderate extent but 1t is
sound, subst ten per cent stock New York Cen
trail pays but eight per cent and hardly that
whstandipg which it is selling six per cent higher than
Rock Island. The Central is old inflated concern
with gradually recedng dividends while the Rock Island
is young, new company, actually earning sixteen per
cent and upwards but declaring only ten, reserving
large surplus The former is selling at o. and the latter
at So per These facts certainly worth the con-
sderaon OF small stockholders in the New York Central
road They in the purchase Of the Chicago and
Rock Island at least six per cent at the present cost and
get stock paying two per cent more with the future
full of favorable results The Use in Illinois Central Is
caused by the extent Of foreign orders Gaena and Chi
cago adva7ced largely the sale OF few small lots.
This is really wonderful stock. IL is such snug
pact productive CONCERN that trustees of the
reserve funds of public and private institutions find safe
investments in T.. has foreign entanglementsno
outside Alliances makes loan Of credit and guaran
tees dividends in other railroad companes 1t il not
in fact mixed up with any connections in any shape and
that is more than any railroad company in this,
several in other States say show. 1t has
much business AS 1t can do c,oraby and has not been
compelled to buy any by loanpg bonds So Icing the
Gaena and Chicago Railroad Company confines its opera
tions TO legitimate Ines shall uphold It's management
and endorse its stock investment, and longer
We believe it to be at present the best security in the
market-safety and productveness equally considered
and it would be well those who opposed to ali
speculative stocks, who will be in the receipt Of dvi
dtnds other securities about the 1st of Janu
airy, to turn their attention to Gaena and Chicago,
and thoroughly post themselves up regarding its merits
We feel confident they would agree with perfectly In
their conclusions.
At the second beard the market better. Erie
advanced X per cent; Nicaragua Transit, IL; Reading
Railroad, "a The activity and rapid rise in Nicaragua
took the street by surprise this afternoon, and
what astonshed the shorts. few days will place this
stock at prices comparing fAvorabAy with its actual
value. Some important changes about being made
n the internal administration of its affairs.
The following is to business At the Assistant Trea
snrer's Office
Paid on Treasury account sss,seo 50 50
Received 90 ......-.......... 1o3, I0O w
6e!ance 90 ................. s,S4I ,lo3 "
Paid for Assay Office Observation-Disclosures. 153,9hl 90
Paid disbursing checks :. .......... 11,628 So
Balance credit on all accounts IL 026,6o5 81
The Hartford Times OF the 18th inst, says
The Bal, Commissioners yesterday applied to Judge
Storrs for injunction against the President and
tors OF the Mattatuck Bank which has recently
been started at Waterbury the ground that the sot
WAS large proporti of 1t subscribed Tor by citizens Of
Connecticut VINO cid not intend to pay up the whole
the per cent required by law to the Bank Commits
soners and immediately receiving their stock
rred 1t to parties resident in New York that of the
board Of directors only resided IN Connecticut and
they fifty mics from Waterbury, and that the
ganaton not with the bona de Intention Of provd
ing such bank the charter requires. Jadge Sorrs
continued the case for month. HunRersord Cone
for the Bank Commissioners. Truman Smith Tor thu Mat
tatuck Bank
On the first Monday Of December the banks of New
Hamshire toryx in number had 1896 All Ii in specie
to circulation Of s35s9 49, bills Of other banks and
checks hand SEAL $685. 49, deposits $95s 474 S. real
estate e5l9 2s due from directors s115 40 debts
due to the banks secured by pledge of their stock ST.
92l 7O all debts due the banks IS 427 27 capia
stock actually paid in 81 40 800 deposits s95s 474 85
deposits in other banks for the redemption of bs s7es
7e304
The annexed statement exhibits the quantity and value
offoregn dry goods entered at th port for consumption
for warehouse and also the wthdra walls from warehouse
during the week ending and including Friday, Dec 90
1885,
n..G