The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-10-22

they are too few 70 warrant a general quotation.
Exchange on Europeis pretty firm quotations. say
looxa ITO for sterling, and Shy 6l3x for francs.
The market is not active.
The reaction which began last evening in the stock mar
ket affected the morning dealings to-day. There
fewer orders for stocks for outside and generally
luoyant tone. As happens periodically in upward move
ments, seemed this morning that the public had
peed their orders for the present. and in the absence of
demand from them prices fell. This not, however,
conspicuous feature in the investment in the spe
cuatve stocks My $50 900 State stocks sold this
morning; Missouri's steady, CALIFORNIA; u hr DER
North Carolinas 4 lower. Railroad bonds r1ere in
good demand generally at better prices. Michigan
Southern frsts were one per cent better; Rock
Island hopds III La Crosse hand grants ";
Michigan Central Fights steady Harlem Grsts were
per higher. There was fair general business in
bank Stocks but notice Of the advance we
have lattery 80 regularly recorded Commonwealth
shares, which advanced to-day, the only exception
to the rue Metropolitan shares and shares the Bank Of
America both shade lower The coal stocks were
steady; Pennsylvania Coal was per cent higher.
Among the railroad stocks New York Central was the
most active, at decline of 4 per cent The transac
tons at the morning board foot up 1000 shares
Michigan Southern preferred also active at decline
| Of ~ per cent There is likely to be trouble
l
intent Of the guaranteed stockn AS We read
the certificate the company agrees to pay of its
earnings ten per cent this stock further guaran
tees said dividend Of ten per This would certainly
appear to create every year. the part OF the company
an actual Indebtedness Of ten cent TO the holders
said stock, no matter what the earnings The drec
tors, we are given TO understand, view the matter diff
ferenty and argue that they only liable to the extent
Of their earnings hence they about to issue the
holders Of the guaranteed stock certificate of La
| bihty TO the amount Of fve-not TEMPER cent
| on their stock, intending to redeem such GER
| ti6cate when their floating debt is paid Of
Gaena was hammered down per by the bears on
the strength Of the resignation Of the President whose
views on the subject Of bridge Mississippi are
overrued by the board Rock Island opened 4 lower
but rallied before the close Of the session. little stir
IN the stock was caused by the receipt OF despatch
nouncng the success of the company the rs the
suits brought against them reference to their rail
way bridge Reading quiet today, without
change of price, Panama and Pacific Mail were both
shade lower, though the friends OF the latter continue
TO make light Of the California line We notice a
sale Of Cleveland, gainesville and Ashtabula-one of
the few sound, well managed roads in the country--at
TO- In the afternoon stocks higher Rock Island
rose Ia Michigan Southern guaranteed, II New York
Central, "a; and 80 on generally There good de-
mand for State stocks and bonds. The market closed
firm, with = rising tendency.
The exchanges at the Bank Clearing House this morning
large amounting to s2 u.s. and the balances
| to 81 ,so2 1872 34.s
The business Of the sub Treasury today was as fol
lows
Total receipts ......."............. si32,i5 is
III when from customs Observation-Disclosures. l0l 600 90
IVA. IN, wa ~
iolii pahncc 1884, sS Us
The Cincinnati, Hamilton and Dayton Railroad Com
pany. at its semi annual meeting made the following
port Of earnings and expenses for ending Sept
go 1865, compared with the same time IN 1857
RErErTs
1857. 1858 Decrease
Prom passengers. 979 SO 1l4,o42 II 1886 81
- IreBht.... llZ,oIo % lO2,oS5 80 lO,5l0 Il
mails and express 0o3o 81 s,2a3 SO 1877 OF
Total 1892 ,5s5 So 22431I 10 3s,2li Is
ExrENsEs.
1857. 1858. Decrease
Trans renewals &c .S145,ls2 81 l0s4s5 4s s. s97 rs
Interest account...... e,2sl SO 212 SO zoos 81
Interest on bonds..... b0,3l2 SO 1895 90 1877 So
Total. III % l59743 o7 A. ,o3S 10
Decrease IN receipts. ................. SO, 2l4 l6
Decrease IN expenses, including interest. As o33 81
t6,sle 81
The Board VI Directors acting accordance their
own judgment, well under from the
stockholders, have deemed their duty pass the oco
Der dividend.
The statements Of tho Philadelphia banks for tho pas,