The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-10-18


ket cannot long be sustained and that the produce ship
msp,s viii soon cause exchange TO decine.
The stock market continues sluggish and inactive; tho
amount Of business done today was very small Prices
were fraction lower at the first board; between the
boards the market DUH in the afternoon slight rally
took place, and prices closed steady at q small ad
vance, New York Central opened at 500, sold down to
so, and closed in the afternoon at S0H bid. Reading
broke down again and sold low as 49, closing at 80 bid
The resignation Of the President, which was so ardenty
desired by leading operators twelve months ago. appears
70 have shaken the faith Of Philadelphia holders IN
the value Of The properly The amount Of stock thrown on
This market within the past few weeks has been verycon
Siderable presume that there is Reading hypothe-
Gated in Wall at present than the be-
fore Gaena and Rock Island steady without ANNA.
ton When corn begins 70 forward, the increase in
the receipts OF both roads will be greater than IL is
Hudson River and Harlem were both firm; time is de-
yeoppg the intrinsic value of both these properties The
Michigan shares neglected. the bears seem disposed
to cell guaranteed short at present prices Erie advanced
4 fraction is said that some Engshmen, who have
been selling out their Galena and New York Central
bonds as unsafe 70 hold investing their money In Erie
stock There nothing in State stocks or railroad
bonds. Tho market is quiet but prices arc Arm The
following tho closing quotations Of Neutrality-suspicious.
sxes 94,s 94al Missouri SKIES, SAX S4}s; Canton
Company, 10: Cumpcrlonu CooI, lI14 ruciu0
Mail, 71h ny; New York Central Railroad, so7S
SOY; Erie Railroad, 6H 0; Hudson River Railroad, a5sl
a SO; Harlem Railroad, e,l a OK; Harlem preferred,
ss,. ssh; Reading Railroad, SO as,<; Michigan Cen
trail, 42,s z2zs; Michigan southern, AZ Az; do.
guaranteed, 10 16 Panama, 121 121Az; Illinois Gen.
trail, e7s 49, Galena and Chicago, "a 74 Cleveland
and Toledo 1914 90 Chicago and Rock Island, 83 64
Illinois Central sevens, s633 S6X.
The following was the business of the Sub Treasury
to-day
Total receipts. 1928 s46 81
o.sa cus 1ns. a aos "SS ~
do,s pay menus <,oooo o ~
CALIFORNIA drafts. lvoU W
Baance s,st', ISS o.
is understood that the New York Central, Erie and
Pennsylvania Central have raised the freight -four five
cents barrel The two latter roads, like the Baltimore
and Ohio, not taking much money they did last
year.
The exchanges at he Clearing House this morning
amounted 10 $2o,9st, rs 10, and the balances to
1910 800 SO.
The earnings OF the Erie Railroad for the month Of
September, 1859, Sass ,235 03
Earnings for September 1865. .......... 463 ,3s9 90
Decrease ss,l54 oe
The President Of the Indianapolis Railroad tcegraphs
his correspondent here
Indian corn movement just commencing Twenty
yesterday twenty live to-day In thirty days cannot
supply cars enough. Tho crop is enormous
The New Orleans Commercial Bulletin, of October H.
says
The exchange market Is languid. Offerings are ample
but the demand f either foreign domestic bills is little
better than nominal The most noticeable change of
which have been advised further decline Of 6
u in clear sterling bills. Sight checks New York
were hrmes but without any quotabc variation in
Time drafts appeared TO be less abundant aed there
fair inquiry FOR them at previous figures. Francs
neglected and the market all round manifested increased
weakness towards the close Of business. We Quote
Clear sterling bills. ........9Z 9s per cent prem.
Bills Of iading drafts. 81 per cent prem.
Francs ..b.2IA b16 per dollar
sixty day bills Oh the North. i q per cent discount.
Sight par Is per cent prem
The Boston C1rir gives interesting table showing
the profits Of banking in that city FOR i've consecutive
years, ending with 1869 The average dividend thirty
Six banks has been little IL per cent The hghes,
the list is the Suffolk which declared per cent for
four years and 9per cent for 1859. ne Exchange is
next having made per cent In 1856 and 10 each year
Since The Freemans and the Market have EACH several
times, declared TO- the Boyston throughout the Shoe
and Leather Dealers 2 excepting years the Boston,
the Eagle, the Faneuil Hail. the Globe the Hamilton the
Mechanics and the fremont, regularly s; and from this
varyngto 6, which is the lowest rate on the list The
annual amount paid dividends has been high as
s24s 800 in 1855, since which it has been little less
each year. falling 50 asl 200 1869 Not one Of tie
banks has missed dividend in the five years.