The New York herald., 1863-11-02
Q Of the past five weeks.

The changes In prices during last week were not
very material During the first few days Of the
week there was pretty general disposition to
boy stocks, which was checked yesterday and
day before by ne activity in the money market.
The higher class Of dividend paying shares oil
advsaced last week. Guaranteed, Michigan Cen.
tral, Pittsburg, Chicago and Alton, dc., rose
per cent. The first named-Michigan Southern
guAranteed-is . ten per cent stock, about %
surely - any bond on the list and, though the
present movement IN II 10 based to some extent on
tsgue expectations Of back dividends which are
uot likely to be realized, It might be difficult for
ths holders, II they sold st the present price, to
reinvest their money to better advantage. Nichi-
90 0safrai d q present twelve per cent stock,
anA Shers h . fair chance Of IT. containing 10
ooy snch dividends u must be consideYed cheap.
Pittsburg has started on its new career % an
ssight per cent stock; bat those who know the
property best esteem IL . fair ten per cent
/ecurity, and count upon per cent semi annu-
ally beginning with April next. II 10 certainly at
present earning 10 per cent. and large surplus
besides. Chicago and Alton has risen per cent
within week, on general belief that the pre-
posteroas injunction against the dividend was
about to be dissolved. The road is earning about
10 per cent on the common stock. New York Gen.
trail. Erie and Erie preferred have been pretty
stationary for week. The Erie directors have
under consideration . scheme for rendering the
fourth and fifth mortgage bonds convertible into
common stock They have q right to do SO, and
q ID obviously the intent of the company that such
Conversion should be made II possible. If IL
were, the company would then have only
>l2 900 Of debt and S27 900 Of stock,
and there is no reason why the latter
ahould not sell as high ~ New York Central. Un-
fortunately the fourth and fifth mortgage bonds
are held for investment and unless the stock rises
much above its present price there is not much
likelihood of any large amount of the bonds being
converted. The arrangement has attracted stten-
tion 70 the preferred stock, which, if the fourth
end 9th mortgages were out Of the way, would
take rank after the third mortgage, and would be-
come q favorite investment. Old Southern has
been active -Auctuating between SO and 20. The
road will earn this year about % 3,250,oo0 gross,
Or l, GOO 900 net, which will give about $500, 900
for the stock, or ten per cent on the guaranteed.
and common stock alike. The former is,
however, selling SO per cent higher than
Che latter chiefly in consequence Of the large short
interest in the old stock. II money eases up dur
Ing this week It will be safe to look for . sharp
turn In old Southern. The general strength Of the
market. in the face Of yesterdays sharp demand
for money, proves that the people have faith in
galway property. and are unwilling TO part with
Il at present prices.
The importations At the port Of New York. other
than dry goods and specie. for the week ending
Oct. 30, 1868, were ~ 2,59o, ,703.
The business at the Assistant Treasurer's Office
on Saturday was - follows
fofa