The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-10-26


the stock movement. The ccarngs for the week
sio5,sT6,io7 against siis ,ile last week. The
drawn DEPOSITS for the past four weeks compare fol-
lows
und,awn deposits, Oct 500 $50
" I..t............. sos5msi5
~ :. aoo.t..''........'.''.' e so'ysa'3o.
Observation-Disclosures. 81,
The excitement in the stock market increases day by
day confidently asserted this afternoon that the
volume Of days transactions the Stock Exchange is
the greatest known the creation OF that insa
ton The commission brokers' offices have been thronget
throughout the day. AS usual the market the
higher stocks go the people to buy them, ana
the more unwilling holders 10 sell Values dis
covered where hoy were least expected. Persons noto
rious for unbeef railway securities among the
most conspicuous buyers and believers Merchants who
do business til Europe have been warned by their Lon
Con aud Paris correspondents that fever Of speculation il
breaking out there which from the symptoms appa
rent promises be and exrayagant than
anything known within the present generation and they
naturally argue that the coniagon will the Atlantic.
Persons convcrsant with banking and money matters are
now satisfied that there will be mercantile payncnsto
speak of next spring, and consequently no demand for
money in the discount market before September and o.
ober next they therefore looking forward to cor
nuance for the twelve months of three per
money market Lastly, that very large class Of
tile men Who ayerse TO living their capital, anc
whom their business not supporting at present. are
seeking means Of making their winters expenses
All these classes Of persons rapidly drifting into the
stock market Some seek to make a few hundred
thousand dollars q stock speculation. Others il
search OF investment which will pay better than lend
ing money at three tour per cent Both naturally
turn to the stock list For some days We have
recorded tho gradual absorption of State stocks
and first class bonds Of all kinds OF many OF
the market has been swept clean others have risen
too high TO tempt purchasers As natural consequence
for The past day or o railroad stocks have succeeded
them in public attention And, without intending de
via,e TIE principles which have been heretofore laid
Gown these columns may remark that far frotn
this imitation being bno-as others have bccnthe pub
lie have hitherto evinced very remarkable judgment
the selection Of stocks 70 buy What they may 10 here
after remains to be seen.
The purchases Of State socks continue to be large or
Missouris alone 5000 900 taken day at
advance Of x u vrginas advanced a rousapas, 4
Tennessee Al North Ctrolas, Il California; =. Erie
bonds Of all descriptions in good demand, and
generally al railroad bonds though the business done
was light We note advance Of per cent nrennsyva
mia Coal and per in Delaware and HUDSON The most
among the speculative stocks were New York Cen
trial which advanced Ia Hudson River, which rose "a
per cent closing per cent over yesterdays price, AMI
the Western railroa6s generally Michigan Southern
guaranteed again attracted general attention We believe
that the opinion ndoed the only one) among HE
lawyers who have been consulted Is that the nature q
the guarantees such that the incur an annual
Indebtedness TO the stockholders Of the guaranteed equal
TO ten pcr cent their stock irrespective of tho amount
of the earnings The condition OF this company At pre-
sent az follows
The debt consists Il
]. First mortgage, sinking fund and Goshen
. Second MORTGAGE bor'ds issued about. 100000
O. Balance Of footing dclt tthc remainder
having been funded al SIC. on the dollarl,
OF about. Observation-Disclosures. "onW
Total Indebtedness $40 $40 900
The toif receipts this year will be about 100000
Tie working osperses about. lh5o,o0
Net so5c,ooo
Interest on ..-'9o
Leaving ne, income of................ s227 300
Tho guaranteed dividend o. the preferred stock is
s27o COO 30 ba, this year the holders q the guaranteed
viii very nearly get shape or other, all that Is
coming them The closing prices after the board this
Afternoon were reported by Kowalsh az follows:-Sis
souris, qoh sS Central, So. AZ; Erie, 1917 y;
Hudson River, 90 ~ Reading, ssss II Michigan Cen
usl 5aiS co; Southern guaranteed 55 u; Panama,
1923, 1913; Illinois Central, ssh So cacna, So y;
Toledo. 3sii y; Rock Island, 69xaH. The market
closed Srm.
The following the business Of the Sub Treasury
Total receipts sNlVlV ~
Irtm customs. go
Tcs, payments .....'. '..'.'..s...s.' ,o.,sns =,
Total taancc -
The exchanges al the Bank Clearing House today we're
s2s PSI SOC II, and the balances 81 ,5i5,45s 80
The New York Manufacturing Company have declared a
dividend Of $50 per share, payable November O. TO
holders OF stock 23d inst
On the Let inst a semi-annnai dividend az three per
cont vas declared on the Yarmouth portion q the Kcnnc
bee and Portland Railroad and has been paid over to
tho stockholders.
The earnings az the New York and Eric Railroad for
sertcu,hcr NJ follows
September 1851 's.peNs "
Decrease. "
Tho following lcter comes from reliable source AMI
deserves y careful pcrusal;-
THE RnAnlSa RAILROAD
90 rIE HERALD.
The following statement shows the profits Of tue Reading
Railroad for ten mcnths;-
1857. 1853
Received From, coal ....... siso,es, 81 1851 a
merchandise ........ 2,ess 70 $500 $500 ~ ~
uaNel .s....s.ssssss ''''"e - ''f''o =
Total ACKNOWLEDGEMENTS. s2ie,isl "A 2Si,7io 81
transportation, roadway ,drmp- -, 81. .,
age and all charges ....s.'.. s'zp'So4 ~ iA'''s' "
Ne, profit for the month ..... 1889 ~ l3oaS ~
Profits Tor previous mcntis. f,iis,ias 30 ''o,''e
Total net profits 10 months ~ 23s oa5 % 90 esi u
This shows already ass 900 less made than In the year
1857 year wisn it, terminus not only no dividend
has resulted to the common focshodcrs but when even
Tic dividend due the preferred stockholders bad 10 be
raised The Reading Company thus seems TO be follow
nr many others in a career which Is rapidly annihans
ali hopes for the stockholders last year the profits, &C
oodng 10 their own reports were s4oo,'lo "a less than
the previous year they are already about sSseoo
less cu for the same pere n iss y mus. DC ie,nen
bcrcd too, that th monthly state ~ receipts aSw