The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-10-07

of "a per cent the closing price yesterday rose
Per cent higher and closed about higher than opened
There IS talk in the street of dividend this stock
Of three per cent be made about the beginning of the
year, and some merchants are said to have made up
party TO buy it, The annual report, which has just ap
| pcared, shows the following results =
| May 81, 1s5s....... s24os,757 sl,53l2ls so7,539
May 81, 1s57...... 3,lo4,eo2 2osS,io9 1.o2l ,4O3
The bonded debt Of the concern 2s4 o63
Floatne DEBT llS,616
.,oooooo
Total. SIS, lo2 $50
In the other Western stocks there but slight change
Gaena, Of which the books open morrow, sold the
commencement Of business Sc but gradually gave way
the stock being plentiful than supposed, and
was finally offered at decline Of x from the first price.
Rock Island q better al frst but closed at the
second board yesterday Toledo y better; Michigan
Southern a rine higher: Illinois Central declined
Z per cent from the opening; Sonngten
Ia; Reading u per cent higher Panama
quiet at an advance OF u per cent. Pacific Mail
active, but the price higher by
= per cent Recent intelligence is not calculated to in
ducc the holders Of stock in this company 70 increase their
interest for the present Among other events which
expected happen the least for the Pa
clc mail would be the establishment OF line of steam
ers, consisting Of the three Collins boats, from Panama
San Francisco.
was tame petWceu Ootrus, ana almost
nil descriptions rather lower the second
board with the exception Of State stocks. These
again higher Missouris touching Sc, CALIFORNIA; $50
Reading firm; Central steady the lowest price
Of the morning; Rock Island shade lower; and
generally the Western stocks nanimate. After the
second board further slight decline took place. and the
market closed for the day quite The closing prices
in the were, Missouris s57s Sc; Central s21{ III
Erie lei4 "a; Reading 49, "a Michigan Central So
Il Southern 2Sl4 81; Panama i19 "a; Galena s51s
az Rock Island 65ls 81; Pacific Mail 1851. Ice, &c
The exchanges the Bank Clearing House this morning
SIT 42 S. and the balances 2i4 $50 o. Ne
tropoltan certificates remain az 900.
The business Of the Sub Treasury today has been
Total receipts sl37 532 81
VI which IRON customs. ................ ~ 600 90
Total pa ments. 32l AIS ST
Money continues be offered freely at four per cent
and very few loans made above that Brokers
obtain all they need at 81 fair securities Ex
change is duh and nothing is doing business viii
vvo til early week. The Niagara took out sio2 00o
in specie. Treasury notes in demand the four per
cents quoted al par,
The approaching Erie election not unnaturay suggests
the propc,y retrospective glance the years
administration Of That railroad. Mr. Moran's election.
which took place over year ago, startling dopar
turo from tho settled practice in tho railway world. He
be paid salary double the highest that given
brs class managers Of banks railroads, factories indus
trial financial institutions salary twice and a half
times large that 81 his predecessor; nearly three
great that q Grsi class foreign minister
than thrice much as Is paid TO the Secretary of
State lie TO receive twenty-five tLocsand dollars a
year. Al the time he stated that be could not take the
Presidency the road for less sum than this there
many among the friends Of the Erie who argued
that read could Afford pay such salary much less
embarrassed circumstances; but these pru-
dent advisers cncci by the general cry that Mr.
Moran the only who could the Erie, and
that he would not do fer less lie undertook accord
ngy the road at Ii. price; he has been over
.M At the work: and w.fi has TIC road made ~ !,
&c ono viii pretend that the Erie Is in good
a position now u in August, 1857 when
Mr.. Moran put forth his programme FOR
new loan The stock then selling a, ~; it IS
worth Is the unsecured bonds were then IS they are
now 81 The road then ss-liy Involved. Il Is true,
but It's faith to rs yondboders had been kepf whereas,
how the bondhodcr who gets his interest Is the ctccp.
ton and default The rule The road Lad th"n on The lss
Of August 1857 cost owners according TO Mr. Norans
own statement s3e o25 40; has cost them
sss l2a 600 II had then many friends; has none nov.
Mr. Moran has proved himself very Ishmao q the rail-
way world and the Erie has not benefited thereby. In
word increased debt deprecated stock, ruined credit,
and general unpopusri,y and bopclcvsdess-such
have been the fruits a Mr.. Morsu's aimiuisrs-
ton such tho results q employing man al twice
the market rate 4 morning contemporary has sug
gcsed that lir Moran be displaced, and has nominated
Mr. Nathaniel Marsh, secre,sry 10 OIL bs place. We
have no desire 10 uieTcre with the Erie stockholders IN
The exercise Of their Franchise wew content ourselves
with rcmark.ng tia, they might have done better, and
could hardly have done worse they had followed the
counsels which gwen them these columns fifteen
and twenty months ago.
Tho Second Avenue Railroad this afternoon declared a
quarterly dividend payable on the Ill., Of per cent
The business Of the read has been for July, August and
sep'ember-
sds -
Expenses. szl2' %
paynep,s--Intcrest on bonds. sei25
october dividend ...... IL eco %
balance o23 ~
which Is abou, enough 70 pay The January dividend
The road Las no construction account and all s expenses
charged to operating expenses
The Springfield Frc aud Marine Insurance Company has
declared dividend q thirteen per cent, from the profits
Of The last three months The Eagle Fire Insurance Com
pany has declared dividend q Zen pcr cent payable on
demand. The Eighth Avenue Railroad has declared
quarterly dividend Of three pcr cent
The arrival q the Arago brings the london papers O.
22d Tho Tms says
Tho Fngeh funds have again been inactive 70 day, but
an improvement Of eighth has taken place. Consos
for money g7t4 a =, and 975f u for October.
Loans government securities readily obtanablo
at from X pcr cent In tho foreign exchanges, the
rates upon Holland slightly lower; other places
were the same last post Tie closing prices of the
French Three per Cents T2 5Jc. Cor money, and
52f zoe for the end Of the month.
The following are the quotations Of American railway
shares on September ~ -
Ra,,cdys Clog Prices
Illinois Central p Ct, ls76....,..~......x.c 79asl
IN ct x. c. 10 81
DO, Up. CT, Frecland, 1850. ........... "a a 10
Do, 800 shares, SEQ pail dis. 3al