The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-08-07
FINANCIAL AND COMMERCIAL.

MONDAY, Aug. 6--6 P. I

MONDAY, Aug. 6-6 P. M.
The stock market opened Fat and heavy to-day.
At the first Board there was particular change in
prices but the tendency towards the close was
downward, with very dull feeling among opera
tors The three leading railroad stocks-Reading
Central and Ere-were unusually quiet. The for
mer is just about entering upon its most active
business season. The weekly returns of coal trans
portaton will soon show enormous receipts from
that brunch of traffic. Last week che amount Of
coal brought down was greater than ever before
reported in the same time and it is expected that
from this time out the full capacity Of the road will
be required to meet the demand. Erie and Central
remain without the least change. The two com
panies are carrying on a very determined op
position, and there Is not the slightest chance
Of compromise Both companie, must be
losing money. Cumberland Coal has receded
fraction. There was no movement to-day in
any class of securities of much consequence.
Railroad bonds were comparatively quiet. State
stocks were in moderate demand, ut prices curren
on Saturday. The market. on the whole, was more
depressed than at the close of last week. What little
speculative feeling existed then has entirely disap
pearcd, and we shall see nothing more of it until
the watering places dsgorge their inmates and Wall
ney to lose and have otherway Of getting rid Of
than in fancy stocks. Almost any bear in the street
can tell spectators in fancy stocks, for rise just
about how long it will take TO lose certain amount
0fmoney, and they are waiting anxously the return
to the city of that class Of operators There very
few outsiders in the street. and sellers for fall
have rather hard time Of it. The market does not
change enough from week to week, to give them any
liz. .s.a.4 H. H.
desirable thing, it brings in time purchasers, and
gives good opportunities for putting out favorable
contracts.
After the adjournment of the board, the following
sales OF bonds and stocks were made at auction by
A. Fl. Nicolay:--
$1,000 Memphis City SKIES, $780, Dat TAX
5000 Flushing RR., first mortgage. int. added 10
300 Terre hnute and Alton RR "a m. do..... s5k
20 Se do H nudson River N Rk
1850 do. ship Timber Bending Co. (per sh. So. i5Hc.
There was not much business at the second board
Reading went up SO per cent, and only two small
lots were sold at the improvement. Our views and
predictions in regard to this stock have been pretty
generally realized Last January, when we first
drew public attention to the stock, and pointed out
its sources Of income, the market price was in the
neghborhood of seventy per cent. II is now selling
This is equal to about ninety-seven per cent.
Here is rise Of twenty-seven per cent in pc
Rod Of six months, which has been realized by
those who were governed by the facts so fire.
quently set forth The future for this stock il,
II anything, more encouraging than the past;
the intrinsic value is far beyond current rates. and
before the expiration Of the present fiscal year,
period Of little more than three months, holders
will be able to get handsome premium on every
share Of the companys capital. Within the present
year we shall see Reading Railroad stock quoted at
higher prices than any other stock operated in to
any extent in this market. All our calculations re-
alive to this stock, for the first six months of the
present year, have proved correct, and we wish to
put the result of those made for the last six months
on record for future reference. Our object in max
ng these remarks is to induce holders not to sci
their stock We are DESTROYS that those who have
been stockholders through good report and through
evil report should, that rich returns are to he
realized, have the benefit of them.
The transactions at the Assistant Treasurer Office
today were as follows:-
Paid on Treasury account s22s,ssI %
Received ................ pa, 03o 10
Balance !" ............... 3,2l0,66I 30
Paid for Assay Office Observation-Disclosures. LOST ~
Paid on disbursng checks. ~, ~ %
The payments to-day include $4,000 California
drafts.
The annexed statement exhibits the average daily
movement Of the leading departments of the banks
of this city for the week preceding Saturday morn
ing, August 4, 1866
Nuvwy Won Nvxn A~v