The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-11-12

AT he second board the market was all oil one par
cent Erie Railroad fell OF Z per cents cocas
and Eoch Island y; Cleveland and Toledo n New YORK
Central, !; Reading, IL Michigan southern, 4. Panan
X Between the boards about thousand share Erie
sold by the parties holding them hypo.hecaion
Ths brought in other sellers and the marke. price
pdy fell on In the between the boards sales
made at sos, and at the second beard lot sold /.
Sos per cent At the board the sales Up tea
six thousand shares Galena and Chicago advanced III
afternoon Z per cent and Cumberland "a.
The Ohio Life and Trust Company have appointed
register Of the stock Of the Cleveland and Toledo aro
Company. All certificates before being iEsusd win b
signed by the Trust Company as register
telegraphic despatch from Milwaukee says that tn
Milwaukee and Horizon Railroad Company viii tie
cars 10 Ripon 70 morrow, the 18th instant A grsns
ope. Ing celebration viii take place the 18th instant
The high rate Of toll charged BY the Reading, viz, s
per ton, hss no. enabled the miners OF tho Schuyki
region TO compete with the outlets, which snr
ni.h coal probably under lighter charges, ct price
The transporter have felt this disadv anage all the pa
summer, and now at the close Of the season. nrd thor
whaves crowded with coL and NO vessels coming from
the Eat 70 demand IT, They naturally prudent bus
men, require chance fer fair competition, an
the dumpsge allowance having bean wlthdrawn they
determined now 70 mako fair atand.up ngnt for ful
and complete remedy The road must reduce IN toii
my cents per ton, to meet the requirements Of the tmes
and In the end will be obliged 10 into the easure
With loss already, compared with last years bushes.
Of over $780, 900, the receipts, with suspended ton
mage for the month Of November, viii show >
loss TIA; must settle the question Of . dividend
We. have taken some pains TO get At the trnc
The financial dculties In the Schuykl coal region
The endorsements which the Rsziing roai gu
fsrns In it, coal tonnage Speculation IL tina notion
oft he hoe husn nfaffo
coal lands, coal mining and coal selling fee rtunes
having been made by the pioneers In buying coil Isnd
everybody has thought short road to wealth aud
have now-ln addition 70 the Lehsh and Schaylkin Val
Icy mines tbs Scranton, the Broad Top, the wyonng
gon, nd tho coal openings In susquehanna county,
host OF minor speculate ns all started with tho hope
large and sudden fortunes. Tho natural consequence
oil this TO- plethora Of supply, proved by tbs
stock ut Richmond OF one hundred and twenty toco
sani tons, enabling the shippers TO sgspsnd toe
mage for sixty days over the Reading Rad
In the meanwhile the miners also In tror Die, paynf
high prices for mining privileges, on an ersgger,'cd
value Of tho coal lands and have been pGshei ino tn,
credit system 10 runous extent. Instead or mixing
coal cash article, they have been obliged TO take paper
al long data which thoy now opd vselsrs cr mneiss
wants, and failures announced each week, whc.
servo but siIn further cripple ,hoso Who 6, The
revolution now working Will. in the end DO beneficial %
the public. Cash payments, aud . low and reasonable
rate FOR Mining rights, and for tonnage the road
vill bring coal TO the al proper prices Nv
desds will have TO be earned by economy, aud no, oy
borrosng They viii be smaller, bu: will be real and
lsatng, and healthy state OF asalrs wIl uhmsteIy
spring out OF ali this disturbance and prevent los TO
andholdsrs and shareholders. The benefit vill
to the people.
The earnings Of the Gscna aud caIcsxo Union Railroad
for October we're a. folows.-