The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-09-10
FINANCIAL AND COMMERCIAL.

THURSDAY, Sept. Go p. NJ.
The great incident Of the day in Wall street was
the restoration CT Erie to the call Mt the New York
Stock Exchange after Its exile OF nearly year.
Its name, as the Vice President called 1t, was re.
ceiyed with cheers, and for y time tho price was
hardly distinguishable in the excitement The fact
that the stock had been registered was whispered
On the street early IN the day. but the report had
been often circulated that 1t was to be that little
heed paid to the rising quotation at the National
Board. The following, which was read aloud OK
plains the situation
OFFICE ERIE RAILWAY Co.,
NEW Y0RK, Sept .. 1862.
10 THE PRESIDENT OF NEW YORK STOCK Ex-
DEAK SiR-Ia compliance with the request OF
several OF your members, this Company has Just t
registered In the once OF the Fariners' Loan anu
Trust Company, common stock representing
$40 900: preferred stock. ss,5s69oo.
The earn,nps OF tue road during the eleven
months ending September /, not Including receipts
Of the Atlantic and Great Western Railroad, have
been 7.Sas,aaS.
equipments were never In better condition.
JAY GOULD, President.
The price which had opened at 34h, rose to 1914
and thence fell back to 36a, rose again to IS and
closed al 3e4. On application being made at the
Trust Company 1t was discovered that
the transfer BOOKS and stock ledger had
not been received. but that arrangements
mad been made simply for the registry OF the stock
~ above the Trust Company accepting the contract
Much indignation was hereupon expressed, as it
ives thought trick had been played on the mem
bers OF the Stock Exchange and rumors were IN Cir
culation that the actual registration would not be
made until the 18th OF October President Gould
boing applied TO- SAID that the TREASURER, Mr.. Otis,
had been directed to prepare the books and send
them around 10 the Trust Company. Much
Ill feeling exists between the "bulls' and
ebearsr and the latter were loudly Offering to
bet that the stock would not be promptly
registered The street dealings this afternoon
very excited, and some 0I the brokers were bidding
30 40 for Registered" stock in 1rOncal disrespect
Of the stock as 1t now stands. One theory has 1t
that the Erie clique have been disappointed In the
turn which the price took expecting it would 60
down on the showing OF seventy-eight and half
millions Of stock, making, with twenty-three and
half millions Of bonds, total Indebtedness Of one
hundred and millions. The street jumped at the
fact of registration, dsregarding the amount Of
stock issued or overissued, and hence the upward
movement. The clique calculated that the street
expected the total stock anoat was about sixty mill
Lions and that the price would undergo decline.
The supposition with some is that the confusion and
uncerai lty to registration prevailing late In the
day were brought about TO break the stock again.
However, Erie is once more the call at the Stock
Exchange and the 'bulls'' and "bears were taking
their CHOICE a. to Its future course. Such
was the latest situation Of the matter this
evening. It was reported on the 'bull'
aide that Peter B. Sweeny, one Of the
directors was expected this afternoon from Europe,
and that his presence at the counsels Of the drec
tory will do mucn to shape the movements Of the
stock The rest Of the railways were generally
steady, but dull. New York Central was heavy, de-
cnng from 2o57S to 203,a, and closing OF 204I.
The northwestern stocks declined about two per
cent from the best figures Of the day on
the publication OF the fact that the earn
ings last week had fallen or about $65,O00
- compared with the corresponding week in 1888.
In tho miscellaneous list Pacific Mail was weak and
sold down to 7SH. The following were the closing
prices at the last session OF the Stock Exchange
Canton, 60; Cumberland, a2H q 80; West
ern Onion, 81 . 87h; Quicksilver. 141k; Marp0sa,
5kse; Marposa preferred IL bid; Pacific Mail, 1sh
. 70; Boston Water Power. Is q 10; Adams Express,
eek o 5ox; WelIsFarg0 Express, 1sk bid;
American Express So u 81; United States Express,
01k e2la; New York Central, 2oa1S 2o5; Hudson
River, 1s4h; Harlem 157; Erie, S614 So1s; Erie
preferred, So bid; Reading, seH a se%; Michigan
Central 1919; Lake Shore. 1913 1913; Illinois Gen.
lral, 1871 1870; Cleveland and PtsburR, 1904 ITO;
Chicago and Northwestern, soS soI DO. preferred,
D9k sess; Cleveland, Columbus and Cincinnati,
n 90; Rock Island, lI1X 112; Milwaukee and st.
PAU. II Tx; do. preferred, SO s6a<; Toledo and
Wabash, 76K 7SX; do. preferred. 81 bid Fort
Wayne, 81 SIX; Atom and Terre Haute, IS; do.
preferred So; Ohio and Mississippi 80 82h; Della
ware and Lackawanna, ITO o 49, Chicago and
Alton $50 15OK do preferred, 1904 bid Norris and
Essex SO Ssk; Hannibal and st. Joseph, 121 x
yaS 90. preferred, 1ls bid; Columbus, Chicago and
Indiana Central, 80 80. The following shows the