The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-11-10

nrc0urf Ire sctkcrDcrf u ths tancnh rrt~cen france
and rUrsns~a having exnrc<ed ssnehcai niinence ON
ths cher hzza co ssh sid n demand for export 70
IA cuu1ni .nd sAsre VA rather less disposition 70
arcosuraeass borrowers ne discount uarkct Cotton
wa eun q aoetas - "a shfa srcadsturs, with the
excs1sks q Nc Gssr sAsss cheaper; provsions
wrre weak ~ Ame~csn sccurnes, the London TINES Of
aeth says .hai r,inc~ oenfral pr cheaper
ard frc g.rr etu& aeArVr. New York Central shares
are qgcsra q 70. NE shares ~ 40 10 n.
ne feeling 10 car stock market today was general
dnilnsss Prices, Ia general, shade higher than
they we're yesterday; but Inc market is evidently
brokers mnx,t, N whci the pueie have interest.
Il sLking iuso ths condition IN ~hcn all sum
mcrapafny sagnaon and gradual subsistence Of prices
The pathc quietly absorbing State stocks and the best
Of bcud bu, they holding eloof from the rail-
Wy MARKET for The simple ths, none Of the rail
ways arc al this onon. earning interest their stock.
Many operators express ssOhhmeni At the inert attitude
81 the pubic, and marvel tha the pubic DO not Ouy
stocks they usca d. tmcs one by. The secret Of
the change = readily discovered Pave years ago many
81 IT, roads IA Tins country lily dong
profitable business. There lively faith among all
classes IL railway stocks lucrative properly. All
this Is changed Very few roads In al the North
are paying expenses, sF the simple that during
The railway mania wherever q paying road oxissod
rival TO built and So sgciag fcr the business
which the Galcua monopozed four years ago. eight amply
equipped lines con,cndinE the traffic be,seen
the West and the scaboard winch his reason might be
taken OF by any one road, il divided between
lines, the Erie the Central the Pennsylvania and the
Baltimore and ohio. Moreover tn disclosures q Last
year have shaken the public faith railroad properly
railroad and railroad Iep0ris TIA, substantial. tout
side class on whose Investments the future o. railway
stocks depend have los; confidence 10 ne article, ami VIII
have with They doubt the truth u tEc
reports earnings published By the roads They doubt
the Allegations Of the annual reports They doubt he
word OF the directors T.ey doubt everything. except
tina, presidents and directors the companies under
their control for their private pu-roecs. These
the why the face Of ancsanrlcd abundance
Of money aud OF lucrative employ for
it, the public have not "ronc IN" purchasers and
bought railroad stocks this fall They lave gone upon
the principle that tley had better their money aud
make interest than lose il Ia reckless chase after
income.
Gaena was the active stock the list day
opened considerable advance this morning; bur after
large transactions closed az the afternoon board at
tcrdGy' closing price, and afterwards y Fl lower
The other Western stocks were generally quiet al rregu.
lar prices Rock Island lower after days trans.
actions Toledo steady the Michigan roads both
x higher; Illinois Central Il higher. Hudson River
took start upward, and per cent, manly
show increase OF 50 400 October New
York Central improved Il per cent with moderate
actions Some Of the Wall houses express astonsh
ment AT the that the tolls controversy is
be renewed this winter There would be legitimate
grounds for surprise u The republicans, who
have carried the State have always been pledged the
policy Of making the canals pay and whether that policy
be sound unsouId, il Is natural to suppose that
that they have the power in their own hands they will
at all events try their vorite scheme. Here the city
i not sufficiently remembered that in the districts
tie New York Central is often identified with the demo
cratic a y the chiefs OF the being the managers OF
the other and the Of the rumrhs for
other. Many Of the members Of Assembly from the
rural districts Of this state have owed their election
much TO their declared hostility 70 sthe monopoly
meaning tie Ccntral-as their opposition 10 slavery
Under the circumstances and especially bearing mind
the announcement that several members o. the
have made namely, that they prepared reconsider
their vote OF last the tolls question very few per
sons except such have pecunary interest tho other
way, doubt but that the controversy will be re-
yived AT early period scsion-with what
time alone prove. State stocks higher to-day;
Nissouris nearly touched 80 again Some Of the best
bonds also in demand for investment The public
shows excellent judgment IN selecting for purchase
stocks and well secured seven Ter cent bonds Ia
the shuttlecocks Of the bulls and bears at
the board. The closing prices to-day were: Mssours
sea- a s9I, New York Central, s;k a 81, Erie,
1873 l7is Hudson, SEA a ~ Reading, Si4 a
a. Michigan Central, 55is y; southern preferred,
tsA 81; Panama, lie1l y. Illinois Central, 81 "
Galena, 7ez n; Toledo, 33,s s. Rock Island, 81.
"a Pacific Mall, lo4h a. The market closed very
weak.
Tie following The business Of tie subTreasury 70.
day
Total receipts. SOC ol5 g
III ~neh H"tn customs. .................- 81 10y y,
Total balance e,loi STA 20
The exchanges al the Isnk Clearing House this morn
inn sls 416 224 81 and the balances e796,s 30
The exchanges Europe for to-morrows we're
very weak, with declining tendency The best bankcra
sterling bills we're held a, Ioe ", while there
abundance Of excellent bills ut 1854 1924. Francs
have again declined ard may be quoted at s. 20 3
sic. Money i without change loans at 80 90 days
made collateral at g. call loans at 81 Short paper
s discounted, nrst class 81 AZ. second class ~
az
Grccsbeck a Hoyt ia their Weekly Circular for The
country give the following account Of the market for ne
past week
The disposition 10 realize on the par OF holders noticed
IN issue of this day week has been the only feature
ID the stock market until this morning, when improved
demand manifested for most descriptions. New York
Central shares which quoted Ia last at sf have
since been sold as low as s3ls-the stock rallyng this
morning 10 81 u aSsa-ai which IL finally ci0red. IN
Ffe the transactions have been limited, With sales
high lex. la Hudson River notice an improve
ment q "a pee cent The transactions Ia Reading for the
week have been very irregular the stock selling low
Sos on sellers option, ana 81 Tor cash, subsequently,
ralymg however With sales this morning 81 u. at
winch price closes We nntice improved demand frr
the coal stocks. Delaware and Hudson has advanced
per cent Pennsylvania Coal PER cent with saes ~ %
Vumberisnd, u Ter cent Pacific Mail Steamship shares
have been uniavorably affected by that the No
vefler dividend would be- deferred IN c0pga4ntpe. al
negotiation pending With Mr. Vanderbilt for he stsaers
N the Pacific, AM sales made this morning 40 low
l0i on sellers oTtrn 10 Htfty DAYS, thc st1Ck lnally
closing To- bid. ia Panama the rsnsac lions have ieet
limited with but little variation in price, sales being
made to-day At liq for cash and 49,. buyers option
ID thirty days The Western shares have ruled VERY
irregulariy during tho week.
We are gwen TO understand thai the patent of Mr.
James Young, Of Scotland for the manufacture Of coal
cis, has been purchased for this country BY the Kero
oil companies in this city which or advertising