The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-09-03
FINANCIAL AND COMMERCIAL.

sATURDAf, sept 20 r. NJ
The stock snnrket war moderately firm at the ten
O'Clock session OF the open board this morning, but the
volume business very light AT the first regular
board, however, il a fraction lower New York
Central closed lower than at the second board ycster
day, Erie u, Hudson River a. Michigan Southern d,
Cleveland and Pittsburg ~ Fort Wayne \, Quicksilver
]. Rock Island higher, Ohio aud Mississippi
tilcates ". Reading was unchanged. Government
securities steady Coupon vetwenties of the old
sold 1867, issue 105, ten fores 942
thirty notes. second series, 992s. There was sale Of
Continental Bank stock at 90, and Irving Bank at 107
Western Telegraph sold at 10. and Atlantic Mail at 14s
AT the open board at one o'clock the market showed
slightly increased activity and prices tho whole
steady. New York Central closed the call at 82zs
Erie, soy Reading, 1864, Michigan Southern, 65a
Illinois Central l24A Cleveland and Pittspurg 721s:
Rock Island, 100; Northwestern, 2sH; preferred, 63H
Fort Wayne 97M; Terre Hauie and Alton, 3S14; Ohio
and Mississippi certificates, 1885, Canton, 40; cumber
land, A; Quicksilver, 523s Marposa 1917 Brunswick
Land Company, so.
Late in The afternoon there sudden demand for
Erie, under which the stock TO So ", and then
that the speculative director Of the road had
purchased the twenty eight thousand shares sup
posed To have been bypothecated with him
by the company; also that his brokers had
called stock previously lent TO the street. Why
the purchase Of twenty eght thousand new shares Of
Erie by specuator should have tendency 10 advance
the price Of the whole common stock Of the line it is
hard discover The fact s that If the report IN ques
ton DO true the stock Of the Erie Railroad has
been weakened proportion the extent OF the fresh
Of stock IL generally supposed that the re-
election Of the speculative director will be contested
aud that the books OF the company for the registration
OF stock close on the 10th inst, the told man of
Broad street will strive fortiry hs position prior TO
that date by transferring much stock as possible 10
himself and to his friends tho sake Of the proxies
The closing quotations the street wcre:-New York
Central cas- Erie 49, Hudson River 1927, Reading l07,
Michigan Southern &C. Cleveland and Pittsburg 7294,
Rock Island l09I, Northwestern preferred 631, Fort
Wayne 97k Ohio and Mississippi certificates 29l Can
ton lO}a, Cumberland "A.
The petroleum stock market was higher at the nrst
board than at the same time yesterday. Webster adj
vanced &C. closing 81 75 Watson &C., closing at 70c
Excelsior &c. closing At 81 49 United states co., clos
ing at S2S Fountain sold at 81, Oceanic 81
Gold was fraction lower than Friday, and loans
were made at 1872 n per cent ON the currency. Tho
opening quotation li4ia, from which there was a
steady advance TO l44A. The shipment Of specie
amounted only $40 49, owing to the hesvness Of
the foreign exchange market making $40 s77 for the
week
Foreign exchange has been dull and bankers bills At
sixty days were quoted az IO9ss 1921.
With respect to the Affairs OF Ketchum, Son h Co.,
doubts are expressed as 10 the willingness OF the
body of creditors agree to the terms accepted at
the Meeting YESTERDAY II is believed that If
only sixty per OF the previous indebtedness is paid
about three quarters OF million Of dollars viii re-
main 20 IL after the settlement Of its accounts 10 was
admitted by counsel at the meeting that the nominal
Of the might prove 10 be equal TO seventy
1--WE per cent Of the liabilities, and should they actually
equal this the difference between the percentage
realized and the percentage paid will sum mp an impor
tant aggres ate That Of the members OF the arm
were aware of Edward Ketchu abstraction Of the
rites belonging to this firm for days Of least before
his disappearance written TO him by Of the
junior partners Of the house. and dated Friday August
4, sufficiently testiiss.
The verdict OF the majority Of tho jury in the case VI
the Long Island Railroad accident Is worthy Of note
They find that the accident was the result OF careeness
ON the part Of the conductor and engineer Of the mail
train and the engineer only Of the express train;
and they censure oliver Cbarick the President Of the
road and hold him indirectly responsible for the
accident in question: because Of the Careless and rregu
lar manner in which the trains run" There is
opportunity afforded for thorough investigation OF
the cause of this accident particular and the condgn
punishment Of those through whose negligence il was
caused The public and public prosecutors have been
thus far entirely too towards railroad managers
and the startling example Is made OF some Of
them or their subordinates the better.
The business at the sub.Treasury 70 day was FOL.
lows
Receipts for customs. S4ssooo
Total receipts. 3oSV wv
faymehts e,o
Balance. 1910
Subscriptions 10 government loan. 1,l75,000
The following is report Of the earnings Of the Ohio
and Mississippi Railroad line from Cincinnati to 81
Louis.
July 1884 1888
Eastern Division sI570s7 10 f20b,S7e 80
Western Division ...... 1l048s ~ ls3,905 80
Total. .............. 500, l7e 90 ss49, 2s4 %
Increase 1885 over 1864. s,l0s 20
Comparative earnings from January 10 July u -
1894 1868
Eastern Division. .... $l,046,933 10 N,1e2, 139 10
Western DivisioD..., IzS,94s oil 0o,'zS ~
Total. ............s 1,775,ss1 ~ a202s,4e7 es
Increase 1866 1864. 252,5 $50 Il
The Boston Traveller of yesterday says
Money is in good supply and moderate request =, six
per cent for the best collateral loans on call aud al
aud half for longer periods the banks are TAX
Ing short paper In preference TO other kinds and
lending freely on demand In the street there is only
moderate cali for temporary accommodation, and ow
of the first class are offered br sale The best
negotiated NJ seven ana eight per cent but
the rates quito unsettled for the Inferior grades The
stock market Is without much alteration, either IN Trans
acops or prices Bank factory and ailroad shares aud
United States securities wanted Pr investment; but
there much doing 10 the way OF speculation in the
elastic stocks.
the following table shows the distances Oh The
three great routes from New York 70 Cincinnati
Bil<s
py tho Atlantic and Great Western md New York
yy sieubenSjiIe. T,,sbure and che Atlantic cut
s.sss..s.s.. sVo
BY the Marietta and Cincinnati and Baltimore and
Ohio 1aiiws ...............s........... III
new rov4o making the fourth, will coon be opened