The New York herald., 1862-08-20

Total seven mos. sI6,zsl,5Io 1lo3o,2zs 73,oa5,oio
%s5sssy ss;,, Sss'. ST. =: ssss ssss.
sSs5is sSs5sis laissss ~ sss aa aos7 s7s
has,.,,. MIA. 'I::ssS 's::s as s ssssls
July......... 6,5039S5 ,o20 s,06z,33I
Total seven mos sas,o73,sal a26o,s0s ao.osa,sss
The following Is comparative statement Of sex-
ports from the port Of New York to foreign ports
for the week ending August ls is62:--
1850 1851 1902.
Fss,lss.;y Fss %:
Since jan L. -. $50, ,572o5S 81 ,7is2vs so,ssa,IsS
The aggregate falls short Of that Of last week,
but still avery respectable exhibit, considerably
in excess Of the exports OF the corresponding week
last year and the year before. rs
Everybody is trying to lend money at per cent,
and the established houses, have money left with
them N 81 Certificates of indebtedness are stili
quoted at a discount Demand notes 1919. Mr..
Cisco received about 100000 to-day on deposit
at per cent. s49 la4th12
Exchange is dull at l27 a fer bankers bills
on London. Gold opened at lis, but declined to
| l14s4 partly on the disbursements OF interest on
7.30 notes at the Sub Treasury. AT the close oi
the day it rallied again, and could not be bought
under lis. There is considerable short interest in
! gold. tst ea1 1usis sr'
The stock market has been unusually active to-
| day. Seldom has so large volume Of business
| been transacted in single day. So far as we can
learn the public have been the largest buyers OF
stocks AMI the Wall street spectators have been
| realizing profits. In the afternoon, especially,
! there were large sales by parties who were buyers
| at lower figures; but the slight reaction which
these sales cause can hardly be expected to check
the upward movement, 50 long as the money mar.
ket, the military prospect, and The temper Of tho
l public continue to encourage speculation as they
| do at present. Nothing short Of an Overwhelming
defeat Of the Union armies can arrest the specuia.
tive fever which seems now to have fairly set in.
Comparing the closing prices of the day Will, those
of yesterday, we note an advance Of II in regis
tered sixea II III coupon skies, "a in coupon tiyes,
70 ia 80 notes, Ia in virgnas, "a in ilissouris,
| q in Eric old, u in Erie preferred, ss in Hudson,
| g in Harlem old q in harlem preferred, q in
Reading "a in Michigan Central, 2 in Southern old,
! III in Southern guaranteed, x in Panama, ss in
Galena. ~ in Toledo, and q in Rock Island. The
favortes Of the day, the above statement shows,
| were Toledo and Michigan Southern; but the com
mission brokers report that their orders run mostly
on Erie preferred and the regular dividend paying
shares. The only exceptions to the market were
| Pacific Mail, which declined ~ per cent, and
Illinois Central, which feN'eof Il on sales
| to realize profits. The market was firm at
the close, the following being the last quotations.
| United States G's. registered 1881, 10its a. n;
United States 6's, coupon 1881, l0lsss ~; Unit
ed States SIS, coupon. 1874. 81 "a; Treasury
notes. $40 per cent, los 1885, Tennessee 6's,
50 SO; Virginia 6s. SO "a; Missouri 6's, 49Ha
| "a; Pacific Mail. ll0s4 . n; New York Central.
| 941S a; Erie. 3s5S 80: Erie preferred. 6oH
| u: Hudson River. 4Ss+ 40; Harlem l61a Y;
Harlem preferred, 4lHas4; Reading, 6oN az;
Michigan Central, 67s4 6s; Michigan Southern
| and Northern Indiana. 3oA "a; Michigan South.
ern and Northern Indiana guaranteed, 62H n;
Panama, 1897 l401a; Illinois Central, 63 a n;
Galena and Chicago. TAX q; Cleveland and
Toledo, "a a Il: Chicago and Rock Island. 6sM
SO; Chicago Burlington and Quincy, SO a N; Mn.
waukee and Prairie du Chen, 3414 NJ Cleveland,
Columbus and Cincinnati. ll9H 100; New York
Central rs, 1876, ITO ILL., Erie third mortgage
| bonds, lQ2s--; Michigan Central s's, first moE
gage, i0s =; illinois Central bonds, Is, SSL
%: American gold. ii4n lf5. After the second
board in Henriques room. the market was mac
| tive but firm at the prices Of the afternoon. A
| few outside orders were filed in Erie preferred,
| Toledo, and Galena. s s. s. So
We mentioned in this mornings paper that the
| earnings Of the Erie Railway Company for July
| showed an increase Of 65 per cent over those OF
July, 1851 Since January l, 1852, the road has
In the last months Of 1851 the road =
earned s3 ,loo2so
Add only 10 per cent inc for 1892. 3l002S qa ~
j r.
Probable earnings from August to Dec 1862 s4lo,aos
Probable earnings for 1S82...........$7 81 ,s42,s4s
Deduct #.@s N
1. Working expenses IS per cent. ..$4.l4S,136
=. Interest On 500 900 GOO debt ...... 1.4O0,0oO
3. Floating debt jan I, g. p'd of. 005 235 f
.. one years rents.. ,............... i3S,aOO
! -
Net cash balance January I, ,1s6s......... s5i 07s
Add cash balance January l. 1862. 1S1 451
Balance applicable to dividends jan 1ses o32 s2s
II is certain that unless some disposition has
been made Of the net earnings Of the company in
a direction wholly unexpected by the public.
there Is dividend on the preferred shares in Janu
ary, and large working capital besides. 1t has
been lately said in the street that the current year
has been an exceptional one and not to be de-
pended upon in estimating the permanent value Of
the shares Referring to the companys records,
we find that its earnings for the past nine years
were as follows--
1854. fiscal year to September 3o ..... s. $50 e5a
1885, fiscal year TO September 80 ......... 54s8eos
1850 fiscal year to September 3p.......... bs48.990
1857 current year January TO December 5.4SI 266
1853, current year January to December 80? s04 og2
1859, current year January to December 4,65t O4o
1880, current year January 70 December. 5335 424
1891, current year January n December 6,Zzf $50
1862, current year partly estimated. .... 1900 600
Nine years. 4I51s2
Average yearly earnings. Rs................ 5,7i270e
But indeed no one who examines the subject
IL, Init he Er;a