The New York herald., 1863-08-13

The ruM0rs which were alluded to in this morn.
ing's HERALD, in reference to q new railroad war,
were revived again to-day, and circulated with va
rious additions and embellishments. They caused
general and heavy decline in railway stocks, and
at one time appeared TO be generally accepted as
true. They are, however, as we stated yesterday,
absolutely and wholly baseess. There is no com.
petition between the New York lines, or between
them and the Pennsylvania Central, and there is
likely to be none. There has been no reduction
Of Ireights Or fares. and there is reason to ex-
pect any. There never was time when the mana.
gers of the leading roads had 80 little to gain and
so much to lose by competition, or when their
managers were working in more perfect harmony.
II is true that quarrel has broken ont between the
Great Western of Canada and the lines west OF Lake
Erie which has led to reduction Of through fares
on the Fort Wayne road, and likewise, we pre-.
sume, on the Michigan roads. But the Pennsyl.
vania Central wisely keeps out OF the fight, and
refuses to prorate with the Fort Wayne, in conse-
quence Of which the Fort Wayne is compelled TO
sell its cheap through tickets by way of the Allen
town line And this fight, which IL in reality
very small affair, and will not make difference Of
| Sc, 900 a month to any road engaged-much lesl
nure the business of connecting lines which
not involved in the strife-will probably be nd
iusted in week or se as soon the managers
| of the Canadian line are convinced that they will
not gain anything by "cutting under" If ope-
rators in stocks had taken time for reflection TINS
morning they wound have realized that great rail
road wars never break ont in flush times, when every
road has as much business it do, but only %
hard times, when traffic is light and there j
scramble for it. Just now. especially, when raj.
;u ilv ;u,rro IL, i,uf.s II
esteem, and the dscred brought upon it tyold
mismanagement and olj railroad wars is graGyai.s
wearing away. the pubic may rely upon It that
the managers Of the great lines have too nt'.aa
sense and too much prudence to imperil The .eoc
position and the confidence they are regan'ng -
q recurrence to the foliies Of past times.
The Chicago and Northwestern Railroad Ger
pany has earned in the hrs. fonr months oi ttt
Gscaa year ending July ~ 1868 s.........s as4
In the corresponding period last year ... assis-
| Should the same rate OF increase continue
through the year it would give aggregate q
| 81 Ala ,739 u.
The business Of the sub.Treasury was ss se;
lows to-day
Total receipts s5,elS,les :.
--ror customs .....,t.........t...... -l4oSy =
raymcn's..... 5s9t ~" ~
balancc %sG2 - as
The Scotia, which sailed for Liverpool to.day
took out $500 ,o5l in specie.
The Indemnity Fire Insurance Company viii gas
on demand q semi-aEnual dividend Of four j.
cent, free of tax; the Pacific Mali Company. u
the goth instant, quarterly dividend OF five pe,
cent, free Of tax; the Oswero and Syracuse Lg
road Company. on the goth August. it, tweitieu
semannual dividend Of thrce and half per cess
free of tax.
In relation to American stocks Messrs. Barring
Brothers d Co. remark in their circular re,
China
United States SIS. 72. sales Virginia a. oth,r
sccurcs without business less dcirg tris week ~
rairead securities, which The pnrchasas are chiefly
remittance 10 the United States. Canada nopiua
95h s96k, and New Brunswick l05k l06h.
L. +. Satterthwate says
The London marke, or American securities has shc.s
renewed ACTIVITY daring the past week the lower
exchnge reported BY the flt having enhanced
There has been active demand tor Erie and roi.
for the former and ~ discount aer CLOSING
an upward tendency. There have fecn nhmerous -
qures for the nds n the lsansy ylvania section
Atlantic and Great Western Raiir,a they clos 79
72K gnia 6s are more freely offered u decline
about one per cent
Annexed are the rates Of interest allowed on de-
posts at London, England
Joint stock hanks Observation-Disclosures. per