The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-12-02

e, . that the working expenses have been diminished
X we. Nsmy roads whose gross earnings this year
ave h. less than those Of last will make large profit
wing 10 he eooponies introduced last spring and
per Tie Michigan shares dull, without variation in
,rsees. Illinois Central hangs heavily at 66h x.
yew York Central fen OF about ons per cent,
losing 81 bid. State stocks are dull, and ratN
over. There is no denying the fact that the ierme -
iuced IN the public mind by the Brown AFFAIR ~srfo'
uercepublc influence the stock marke' exercises
OF materially affected, but there - vrgnias are
State stock with the commissi" arc fewer orders TOT
time past AZ as the . HOUSES 'nan TOT some
- go. s,on,, -ssss subsoe, unless the patriots
~ .ODs' resolve 70 keep up the excitement
AA 'ne 'larket active, but stocks were
anu ''seu Seak at the following quotations:
sour' Canton, II IS; Cumberland Coal pre-
'erlea, IN, Pacific Mail 76h 1T; New York Cen
ua'' OF Erie, s1s X; Hudson River, AZ y Iar
I'm, ~. a TO- do. preferred, a5A 50; Reading, 40s ;
Ae' gan Central, 40X Al Michigan Southern and
Jrthern mdiana X; do guaranteed, lsa 10; Pana
ma, 1884, n; Illinois Central, 65a y; Gaiena and
Chicago ~ a Cleveland and Toledo, 201s u; Chicago
and Rock Island, $50 a a.
The Pacific Mail mbroglio continues 10 be the subject
of good deal of conversations public opinion appears
be uniavorable to the leading Pacific Mail directors 1t is
openly asserted many quarters that the late scheme Of
acompromse stock jobbing speculation, and that
the Pacific Mail directors never for moment expected
Vanderbilt TO settle with them. On the other hand, Mr.
Aspnwals friends declare that he would never have
lent himself TO dishonorable The facts
bound say, do not look well for the Paeds Mail
panty. It's well known that Immediately after the
versaon which took place between Mr.. Aspinwall and
Mr.. vanderbt-sphch conversation soas BY agreement, to
rsuofu st,Yy r01 6af3tidI-heavy Pacific
Mail stock made by the brokers and friends of the
leading directors of the company. Within day
inklng OF what gong leaked out, and the
stock l5 per cent The public and the press
then informed that settlement had taken place
between Vanderbilt and the company; this
positively asserted by directors Of the Pacific Mail
without restriction or reservation. Upon this,
was NATURAL number of outside parties who Ia
search of investments purchased Pacific Mail stock and
above 500 the share These purchases we're no sooner
made than VIII sper round the effect that hitch
had occurred in the negotiations and turns
that Mr. Aspinwa and his associates not and had
been willing to give the guarantees without which
Mr. Vanderbilt would have been mad to make the pur.
Messrs Noses Taylor and Horace Clark ne sooner
ascertained that Mr. Aspnwa serious in his refusal
to guarantee his purchaser against competition than they
broke of the negotiations, and the stock declined
any extended comment upon the affair at present. Mr.
Aspnwan will probably the necessity of correcting
the impression which the facts themselves likely to
produce upon the public mind The stock opened day
at 49, advanced to TO- fell back again IL and closed At
76a bid
The following the business of the Sub Treasury TO-
day.
TOTAL recepts.. Ss6,149 "
FOR customs. ................"..-. 6ou0o w
Total pay menus 1881 VI
40
The exchanges at the Bank Clearing House this morning
we're $21 la, go 3d. and the balances 81 7es 564 os
The following dividends have been declared:--The
Howard Insurance, semi annual dividend of twelve and
half per cent, payable the 9Th nst the Portland
Saco and Portsmouth Railroad three per cent payable
the 18th inst the Atlantic Cotton Mills semi annualdiv
dend Of four per cent, payable on the 9Th inst.
The Manufacturers and Mechanics Bank o6l and 500
Broadway opened its doors for the transaction of bust
ness this morning-Abraham Ives President and A. Mas
terson, Cashier.
The Philadelphia Bulletin Of yesterday says that Mr.
Robert McCalmont, Of the London banking house of
McCalmont Brothers Co., arrived lately from Europe
and is now in that city His visit is supposed to have
reference to the Reading Railroad Company tho
uvusc 10 common witht
The following notice has been pubshed:--
CRY or NEW Y0RK, IlEfAR TMKNT OF FINANCE
CONTROLLERS OFTcE, Dec. i, 1889 I
Notice is hereby given that all OF the revenue bonds of
the Corporation OF the city of New York. during the
year 1859, and now outstanding, will be redeemed with
The interest thereon to date Of payment upon
at this Office
Holders of these bonds requested TO compute the
interest due thereon to the day following presentation
thereof in order to afford time for the OF the
necessary warrants therefor.
ROBERT T. HAWs, Comptroller.
With reference TO the position Of the dry goods market
the Independent OF to day says
Though the season is so far advanced there is still mo.
oerate business dspgmore in domestic than in foreign
fabrics. The Southern houses making purchases Of
spring goods, and the clohers buying material
tor spring clothing The auction sales over and bust
ness s now limited TO private trade and leading jobbers
Shaws and heavy clothing generally yet in some de-
mand. mpotations not falling of, likely to- The
movement IN domestic goods is steady. regular de-
mand Tor export exists Of staple coons and prices
stea n.y. Prints In reduced at the close of
heavy and profitable season. Delsnes are moderately
active and are sold IN anticipation OF arrival Fancy cas-
smeres are very active. Desirable goods are firm in
price, but there Is large supply Of miscellaneous quail
ties which are not so steady Cloths dull Sbaws are
in large stock and yielding little price, The home
manufacturers fully employed, and enjoy period Of
prosperity which exceeds that Of late years considerably
The price OF cotton is rather tending downwarts
which will keep goods from advancing ia price TO tho
trade The spring trade promises to open with a good
supply, at moderate prices and with good demand