The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-11-18

There was moderate investment demand Tor govern.
mont securities during ths week, but the speculative
busness in Them was light and the market was on the
whole steady except for tsnfories, which advanced 10
lo2k, under limbsd foreign demand bsssd upon the
fact that the prncps - yell the interest Is payable
In COIN while no ether loan but the authorizing
these specifically provides shs payment Of the prin-
cpai IN coin Al thscoss he market dull bat nrn
On the stock exchange there active bun
Esnt in railway shares the most buoyant Of which
Ere, New York Central and Northwestern The spscu-
iasivs feeling FOR nearly fortnight past has been
eradually turning ID favor OF higher prices and the
current indications that before the year closes the
predictions Of the bulls will BE- TO great extent real
tied The certainty that the management OF tho New
York Cenrai company viii pass into the hsuds Of Mr.
Vanderbilt and his party at tho ensuing election the
necessary proxies being already secured, and that
fragments will then DO made between tue Erie the
New York Central and the Pennsylvania Central which
win PHYSICALLY consolidation or earnings has
strsngthsnsd the demand for stocks OF The two for
msr roads and given IN mpssus 10 The whole marst.
Northwestern common naa howsvsf. eutrun -
the price having advanced 70 7Ax yesterday
Afternoon, and the circumstance Of non-
dividend paying stock ks this taxing lead gives the
Market an artificial Appearance and n wo1ld have been
bsssr for tho bulls Northwestern had mot assumed
- -
si1nassy high that The inusnces which have placed
wAsss - are plain 70 en- and the sascs y dssnng
Avan fsom Northwestern. New Yosx CsasG - Hsd-
- vsr However prices are lower shan snsy wess q
hs ns Lest year. and u earnings q ~ railways ars
Age the latter furnishing the Hxuaent ayunsnt tAal
- - brought forward u Aver a legitimate Fiss.
1ns sarnings o. axtssa u Ne principal railway co.,
panss y Oo&s6sr were $50 "a asaiA q IA an fs
~ eousspsnding usnsh hs ysar, ~ nerssss bsisg
ox0ls 49, while The sArnngs IN ~ ~ enhs sn6as
whh October were SsaolS,pS7 asanS e02 ,7os for
N ms lms Last year u Increase bsIng $1,000 ls0.
n October. 1884, thsss companies opesAsd 72sS mss
efsssd ana In the corresponding nsash this year 1855
nilsa Il therefore fsllsw shaa u earnings Ne
rate Of Sll7 per mile q sAas period - 1soo asAinsl
el2A PER mile iaA non1A--a di1srsnss q s121 per
mile in favor Of the present earnings. This improve.
nsat al tina sasisacsoy bscaass u the dsprss
ssen which Aas prevailed n ne general trade or the
country and calculated % iacreass confidence In the
permanent value q railway propsrtys, sa $780,
Among the miscellaneous shasss Pacific Mall thu
moss active. and The proc declined 70 l3Sx, owiDa
maialy 70 NE announesmsst thas ths Eorth American
California via Panams u additisa h sasd 70 running
sss steamer Per month, N Nicaragua. strsns EFFORT.
wsrs n The same ums usds 70 break ne osk dswn. u
order u Supposed - nvelvs Ne PARTIES s~orsssutnl
~ eppesss Pacific na takes in heavy iossss aad =
csnpsl them. psblA v ~ Ga tAse usek - ~,
~ NJ sGasnps V supsds ~ = dissss
On fAs ~ shnt notice Il a cpIsstiso - - -
verified u this junetsrs suggestive = ssnshsf NOR
than appsan o. Ne sarfaes = - undertaking
although W are assured thas ~ HoeA Aneicaa csm
pany - ecassmplaAsA ~ ssaabllshnsas q NE ~
Va rsnaaA fer seosss6sabls lsagsn = 49, seess y
inssnsssa ne 100 puhise - tpaness sseks = -
fssna Nail Csnpaays slese4 - InvenAy - ahss
sclosk. is@A q @ ~ pauvtsus osAar6vs as~ss
| peas1; - ~ annuol ssosusa Mn tnhs psAss q
vsenss1y nsxt vhsns = y rssasrv4 - ssces~fu
Ipsry VIII - thas ssprsssss1ng xsemG yfea Bssass
'hssd, q y Cree, 60 n uhssoauno Q. ~. Josyn
l O. Thss Esnu&n1A xave hsds ssne u ssrou
charges agains> ~ psssne mnna9ss = ths esmpsny
70 which the latter have mot YET returned any sscsor
reply. The entire management has been on very q
invasans SCALE, - nss b iafsrsd from W fa, ",