The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-11-07
sl0,a65

II may be recoleced that when this stock was run up
by wa street SPECTATORS to % per cent aud thereabout
that charged initiation" . predicted loss and ad-
vsed sales" we showed BY figures and Other afro
cousn facts that the stock wasat least In comparison
with other railroad stocks--aogether too high. We
wish quite distinctly 10 state that there L such
thing crowding railroad stock down little too
Tar. Cleveland and Toledo ia worth something There
are many who think IL worth considerably than
1t Is selling for to-day, and they may be coming
in at these prices road which ,here Il any
vitality at all may be expected to make a pretty
decided rally after a of 30 per cen, in ninety days
must be borne In mind-A fact that have repeatedly
a'ed-that this road of the snest routes
n the country and Ia Of the trunk roads lead
ing TO the West New roads being opened into II
from the West, which may give II much more business
imagine But consideration greater than all is
the fact THAI Cleveland and Toledo must form link Ia the
chnin Of the great Southern route through Jersey Penu
syivania Central, Mahoning Valley &c, rapidly APP
preaching completion and which, in judgment is
destined very distant day, to form the main artery
between the Fast and the West In view OF these things
should say that the stock has been carried down to
low point a. under any circumstances II be
rected reach. II the bears undertake press fur
ther they will be likely to lose all the profits they have
made When say much Of any otherfaiiroai
stock the list ruling At prices which may be
sideied low, shail freely say 50. Many railroad
stocks fallen heavily and may be considered at pre-
prices cheap but other possessng real value
has fallen 80 per cent. Whenever any Of them goes
below its proper level shn give opinion TO that
effect just freely have 70 the contrary when It
unduly Inflated
The steamship Arago, from Southampton and Havre,
brings four days later intelligence from Europe. The
financial and commercial intelligence doe nat dGer ma
hat nv he had
cined slightly while bread.tus remained ns tive with
out alteration IN prices Consols had improved a shade.
The movements the Banks Of England and France
hibiied new feature Gold continued flow 10 the
Continent and the sext weekly returns Of the Bank Of
England would without doubt show adecresse notwith.
standing the large arrivals from Australia.
The London 7iues Of the 2}d OF October says -
The apprehension has been realized that tho greater
Ia Of The fpoe 900 gold which arrived from Austria
liza Saturday, would be purchased for the Bank Of
France An impression ~ enter tained however in some
quarters that about goo 900 may be retsiaea this
side The Withdrawal 81 this amount whom IL business
had been left 20 s natural course II would have gone
into Che Bank Of England has created considerable dis
appointment but 1t evident that cessation OF
the drain be expected until the Bank France shah
feel sureienty fortified to discontinue Their exceptional
proc eding., The ae Of their having been supplied
biz extent proportonsiey amcliorates failure pros
pects Is stin thought that about e. 600 900 vas tins
additional quantity they had arranged TO obtain
The mercantile letters from Paris continue 10 speak
avoraby u the general tone Of the money market a
enslhe palliatlon being doubtless PRODUCED BIZ The
gold obtained from England, although active exporta
susd 10 eagerly sought at high r.tes which Il may
be inferred not only lead 70 the withdrawal Of every
available balance from this side but also pefbap not
whsandpg rates ~ discount induce the m 1ac.
tnre ola number q drsughts TO meet the dsnand.
On 'he 2itb = Contained the following rerna,ks rcla.
tive % H. sch t1oyement;--
j. IN believra that about 600 900 u The recon.
Au.slisn arrivals viii End it, way IN the Bank Of Eng
land. Several gnts offered TO-DAY xi,boItneef-
ing purchaser TLcre IL little doubt the Bank fFfanco
ceuierflass stlalLng shout CT 90 600 In addition to
Tho hfiU Il the % arrival for them yc.terav
stt pobsbiy anxious that the arrangement -ho1h
f = 'aa'J carried out no, 70 Increase tbe pre-,
a.sht react with Increased severity upon Paris.
The rofcaDliic letters from Paris continue describe
Ia circulation regarding the intentions proceed
logs 81 tie Park Of France among which va IA
ihey have arranged 81 loan N silver o. % 90 ooe
gsdcFs about II 900 600 from the gAsk ~ Amstef
dam. II was not thought true, oat al tho anne time
there vers some circumstances 70 ooun,enanosi IT, Tho
fsns q France has lately been cndcsv,riog obtain
ply IN tte Bank u Amstcrdatn the present moment
sso,y s'ss ihs rsss.s,'on saoR'ea ~ ,aa' s,.as
tter practice q selling Il 70 any persons Who woald
give ceriain cred price might, however H. oousiraea
sith large quantity In the dspcTibel 0f That
they wbbed 70 take timely measures against Ari6cla
rain IN any .hspe sopposiog the runor % havs sone
fcundsioni nothing IL saf 20 the way Ia whrh toe
MEASURE l. 70 be carried out~hstber by deposit Of
euri,ie. o. By gsdaslly suyiae up ALI he tls sa
meni On the Iondon Fxchsnxe this afternoon bsis IN
Amsterdam Sere In DEMAND Paris account a, rstes
when under natural condition. would involve loss.
The annered sts'smen, exhibits The aasnsisy ss5
value = certain articles exported from ,hi. port during
thc week snsing and including Friasy Sovemses "a
ls6t distinguishing The dssiiaaton aud srtrn, n si
ineu,s 70 each place -
CosEuff o. ~ Foxr Sgr Yoxx-ystfy r. Fr
sonys.
ukxEE
Cotton, bales. soi a. a. Pot ashes 1T ag75
iloaf, bhs. .i.css ~ ~ Wh'bose fbsis..sg 100