The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-11-21

SIS,ooO netting OIL
AT the second the market dali depressed
Missouri 6s fell off u per cent Cumberland Coal, u;
Canton Company, u; Erie a Reading R. R., Il; Ga;ena
and Chicago "a Michigan Southern, "a New York Gen.
trail Railroad offered at the close at 90K per cent being
IL per cent below the price current yesterday The
market evidently relpsing into inactive state dur.
ing which mus. look for steady but gradual decline
in prices. We may not have again, for some time
panic very rapid depreciation iu market vslses bnt
the absence of any demand and the necessities OF hold
WILL when sales made, be generally at lower pri
The recent imitation has brought ia and flied up al
the regular street bulls There is not and has not been,
outside demand. The mercantile community has
than it attend to Comfortably in providing for
its legitimate business There is among the merchants
a scarcity Of capital and they have not the means if
they had the disposition, to enter the stock market
purchasers At prices SHIRE wd capitalists
disposed to sell than to buy The whole lrdn of sustain
ing the stock market therefore, rests upon Wall street.
and before many days elape it will be found too much
to carry The increase Of stock by small holders selling
and the accumulation of interest upon time contracts
every day calls for capital. Tie banks show
steady contraction and very little aid be depended
upon from that We DO not how these inst
tutions avoid the policy they pursuing.
Nothing short of cutting down the discount line to
much greater extent, will guaranty the preservation Of
present specie basis Any attempt at expansion lets
exchange up at once and away goes bullion
the Atlantic Contraction must be strictly r.gidly
forced, to insure against foreign d.ain Fancy
stocks msy, in the face OF these facts go up one two
and three per cent day for tine, but II does not
not alter the actual position of finances. The viola
on of principle in barkog in any hing else is
to bring its retibution Spectators may initiate
the ssock market in the face of steady bank con.rac
cn but the result is to be disastrous to every
engaged.
according 10 official notice 1t appears that meet
ing the stockh elders Of the Potomac Copper Company
is called for the 22d inst Thursday al 10 o'clock, at
the Office of the company, Al A.lan: Buildings
OF Wall and William streets to receive the report
the President which will incidentally present matters
Of interest to the stockholders Of the Isabella.
The Assistant Treasurer reports to-day follows -
Paid Treasury account. ST. 293 n
Received on Treasury account 1872 09l 90
Balance on Treasury account. 5la $50 %
Paid for Assay Office. Observation-Disclosures. 1888 Ia
Paid on disbursag checks 45,s3l 30
The receipts today include $50 GOO paid by the Ame
can Express Company for los, while in transit
from Dubuque to this city.
The warrants entered at the Treasury department,
Washington, on. the 18th inst, we're follows
For the redemption Of stocks. ........ s14 118 81
For the Treasury Department ........,... 29b02 90
For the Interior Department. ............... IA rs
war warrants received and entered ...... 6ao35 81
Covered in from miscellaneous sources....... loo 20
Toe James, Steam Mil in Newburyport declared
diydeId Of three per cent.
The amount Of coal transported from the Cumberland
coal region this year, to Nov 10 5s2 OILS TONS whh
| is last year of so 2Gs tons.
The earnings of the Nj :higan Central Railroad Company
Tor the first week Of November, 1854 and 1885, were
folows-
| 1855. 1854 Increase
| Passengers S4, 963 OF $50 100 IL 81. go 81
| Freight ......... 33,72S o. q, 33l SO 1897 so
Total. $685. esl 90 $50, os4 0s sl3, 657 50
The total earnings of the Boscn Concord ,ntre
Railroad Company from al sources for the ak months
ending Oct. l, 1855, .sl4e 97s 90
| kSpenses and repairs, including the reayng
Of 80, 900 new seepers, renewals &C.. so,sli II
Net income sGa is3 s.
| Semi annual interest on the bonds 1913 1927 90
Z floating det, e,675 81
S32 5os 81