The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-08-20
FINANCIAL AID COMMERCIAL.


THURSDAY, Aug. 1916 r. n.
The chief top<, or conversation IN Wall street. this
morning Wa che probability o settlement be ween
the Contra andtbe Erie manager. Rosarssf all sorts,
with regard To propositions made, accelxed and re-
jected, were freely bruted about yet we have no rea'
son whatever to believe that any proposition OF any
kind hss been is likely To he at present made by
the Et 70 tbe Central Or by the Central TO 'hs Erie
The Erie MANAGERS take the ground hat they have
tken their ana have nothing TO propose. TIE
Central, from which the proposition mus come, Il
net ready to make on. Indeed, until It be early
demonstrated that HE poeseHt competition is more
costly TO he Central than u new arrangement in
vovng subsidy 20 the Erie would be, it hardly
be expecl ed thai the tuation should come from
Albany. Ii the terms suggested by the friends of
the Ere are the only terms upon which Mr.. Moraa
will make peace, perhaps the Central is acting for
the bet in continuing the war; costly as it is. A
suit has been commenced against the Erie for the
interest overdue on some rs bonds. This looks a.
thocgh there was no immediate prospect of a cessa
ton Of hostiuties
Prices at the Stock Exchange were fully sustained
this morning; but evidences abound that the market
II merely "broker's market" The commission
brokers are as idle ever; there is uniform com
plant from all of them that there no outside
oroers II does seem, after all, notwithstanding the
furry of February last that last falls revulsion snd
collapse in railroad stocks have not been wholly
thrown away upon the public. The most active
stocks among the brokers this morning we're New
York Central and Reading. Over two thousand
shares of the former changed hands, the purchasers
being chiefly operators who emed 10 believe that
an adjustment Of the pending quarrel At
hand. The price rose one-eigbth during the Board
but the stock was dull afterward. Over thousand
shares Of Reading were sold 80 q slight advance
over yesterdays prices. II Is umored in the
street that private sales Of Reading, which have
been takog place within the past few days TO o
siderable extent, for Eogsh account. The Eng.
sh holders said to be ut length alarmed a. the
steacy ard rapid increase of the debt of this
Germ, and TO be quietly transferring their load 70
and holder shou iers Erie vas ! better this morn.
ing; Galena, l; Rock Island, 4; Toledo, {; Michigan
Central 4; Southern 4. There was q sale of Illinois
Central at 75A-aD advance Of one per cent since
yesterday La Crosse fell off Z; the laod grant
bonds are steady At last quotations. Pacific Mail
improved 1; Panama fell back !. There rather
business than usual done 10 bank stocks though
without CD anqe in prices. In State stocks the bust
ness small; Missouri 6's were shade better
than yesterday. We hear of private transactions in
the new United States SIS at something lower than
the last reported sales. The market closed this
morning tame and inanimate.
At the second board there was good business
done in Central which Lost the advance Of the NOR
ming. The transactions IN other stocks were small,
and the prices generally lower The buyers of
yesterday were in one or two instances sellers
today. The following were the closing bids as re-
ported by Groesbeck and Hoy.:-E issouris, SAL;
Central, 773; Erie, IL; Hudson, 2s; Reading Az,
Michigan Central, 57t; Southern, 22i; Panama,
ll3a; Illinois, rs; Galena, s3I; Toledo, 33}; Rock
lslsnd, 70; La Crosse, So; Illinois bonds, s92 The
market closed tame and dali.
The business of the Sub Treasury TODAY vas os