The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-03-14
FINANCIAL AND CONNER GAL.
SEY ARK EFT.

FRIDAY, March 13--ep NJ
Holders Of all the leading railroad stocks were free
sellers TO Do, at lover prices Tse transactions IN New
York Central Erie, Reading, Michigan southern, Csva
lard and Toledo, and Michigan Cen,ral, wore particu-
larry large Missouri state t's fell Of 4 per cont
Peunsy lvsnia Coal. Y; Cumberland, 4; Ward Coal, "
Evie Railroad Ia; New York Central RAILROAD, u;
Reading. q; Michigan Southern, 81; Gsleus and Chi
caro, u; Cleveland ard Toledo, Cleveland AMI Pitts
burg Railroad advanced = per oeui; Wisconsin Lake
Shore "a In STATE stocks and railroad bonds there wss
very active bus,ness. The mcst decided downward
movement NJ tho nrtt beard 10 day Eric Railroad
stock Al the cose yesterday the current price SIX
per cent. Az the opening today sold ut
SEA- rer cent snd closed heavy al 55X
per cent. The tales amount TO moro ihan
thousand shares Of which were for cash and
on abort time. Tho quarterly report published this
morning no, al all caIcrlatod do tho stock any
good Tho thrte morths ending Dec. 81 1885, were par
Ucusrly fsvorsbe for railroad operauonf but so far
AZ the Erie road 10 concerned proved very urfor.u
nate period With reduced receipts enlarged expenses
tho resuH IL rnyth'pg bat favorable will be neen by
the detailed report that there h considerable In
grease IN the osirg debt interest account At the
Of the last nscal yer the noang debt was about one
million Of dollars cannot DO mash below one
and half million. The total net income OF the Erie
Railroad Company for the nscal year ending scpem.
sea, or about one ,hro, ". received In tho nrs quar-
ter The nrs. garter This gives net s75 7i7 Attic
same rate last year. the total for the present Hsa
yesr should be three times that sum, s773 2n but
the probability n that . much smaller amount will be
realized. IN well known tina, the FIRST two months Of
the present quarter the that railroads ia this
part the country In damsc dcrangs
mont Of business, 40, diicuues To the ensb
OF time were before encountered. 10 therefore
safe 10 calculate upon returns for this quarter much
verse than ibose before u.s. b,.h In extent OF 70.
eeip's ard extent Of expenditures. s the opinion o.
well posted parties that the Erie Railroad Company win
not earn the present nscal year the required courfbu
tons 10 the sinking fund. would indeed be upfor,u
nate u such result amer al the autscipstous should
be realized. At present looks very much A. though
the Erie Railroad would, very distsnt day,
be classified with the Hudson line, the Harlem, long
Island and others OF that grade. The disposition soil
Erie, both for cash and time, unsouptscy much
strengthened By the complexion Of the quarterly report
In other stocks there was new feature developed
The nom Europe by tho America at Hahr caused
without doubt, part OF the general decline There had
been sudden and important change In the European
money market between the 7sh and The 2s Of February
10 that tine ccpsols declined X Ak per cent The do
msnd for money had rapidly increased, and the whole
appearance OF financial affairs had changed for The
VERSE; The cotton market, from marked sesdi
uess, bad declined. Bresdssurs were dull, and
~ . whole, tire advises, from what vas CON
sidered rather of encouraging nature, ridden.
" chsnsed 70 moot gloomy, dssrus,fu character. rns
Americas accounts decidedly unnvcysbie. The de-
ope In cotton q, this particular uncsure calculated 70
produce great Zeal Of nnsscai erssrrsssmenl
A. the second board the market wss %, and heavy
There was no charge In prices Of oopseqsepce but q
very small amount Of bu,isess transacted and The
ter oency throughout downward. Money continue,
moderately tight