The New York herald., 1872-10-15


92i4 92,5; do. Hannibal and ST. Joseph 80 oo1.
Louisiana sixes 90 60; do, new. a. 65 DO. levee
sxes SO 80; do do. eights, 70 rs; do. do, 1875
10 rs; Alabama fvca. So 81; do. eights. 80 S5
South Carolina skies, 48 So; do, new. January and
July, 24 25M; do do, April and October. 25 81 /;
Arkansas skies, funded, as a 90.
ERiB hallway EARNINGS.
The following is the official return OF the Erie Rail
way Company OF estimated weekly earnings COM
mencing April 1, 1S72;-
For week cndiag October T.. s4er.o .oO4 sii3, 1873
Previously reported d...,..., e,5o5.sif e,6os,5o3
Total earnings since April ss,si2.s2i sa.s2i ,ess
increase Tor week.. bo,l'S
Increase for twenty-five weeks to date. .... 365
STOCKS ACTIVE. HIGHER AND STRONG.
At the Stock Exchange 1t was an Od-tashiOned
"bull" market ia which everything went np and
didn't come down again, much 10 The chagrin aud
dismsy of the 'bears" who, In selling at each
stage OF the rse in hopes OF securing tho profits OF
the usual reaction. were doomed to money losing
disappointment Indeed. tho speculative frater-
nifty, the pools and tho cques who are organizing
with mushroom growth all over the street, IN one
after another Of the active list OF stocks are at This
early day
DIsCoUNrINa rHE NOVEMBER ELECTION,
the reelection or President Grant and the perpetu
istraion, with its bondbuying gold selling and
debt-reducng features. Az early as Wednesday
last, the day succeeding the election In Penasyl-
vania, the present course of the stock market be-
came q matter or as much certainty as the deter
mination OF any thing lying in the future. Given an
administration in power, and from the result OF an
indexical election In one state likely to remain in
power for four years more pledged by past and
present conduct to the maintenance OF
AN EASY MONEY MARKET
and committed TO policy OF cancelling aud refund
ing the national debt--given such an adminstra-
tion and, further, stock market not so high as to
be incapable OF easy "bulling," and we have the
premises for strong argument In favor OF an
active and popular speculation for rise In prices.
The making of the conclusion to the syogism has
been going on ever since Wednesday morning last
indeed, perhaps since Monday week ago, when
the administration tossed ten millions OF money
into Wall street to break up the speculation for
decline and stop
THE POPULAR CGAMOR
that the United States Treasury had been drawing
money all the year from the public into It's vaults
and would not now loosen the purse strings when
the scarcity OF money was blocking the wheels OF
commerce the whole country over. The future,
however, has been determined for those who so ca
gerly seek to learn the uture-viz., tho speculative
element OF Wall street and the community In gen.
eral. The government has been and can be relied
upon to keep money easy, and the same govern
ment Is, by reliable signs. promised longer tenure
OF its power. The chief advance to-day was In
Western Union, which rose q. per cent, to 76'4,
and in
LAKE SHORE,
Northwestern, st. Paul, Rock Island and Pacific
MAIL which advanced a " per cent. The point
has been generously circulated that Lake Shore
would be unable to pay the February dividend in
1879, owing to falling or in the earnings, and
hence the recent depression to SO a 81. The very
reverse OF this report Is the truth so far this year
the earnings have been at such rate as will make
the total for 1873 very nearly $ls 0O0 even with
out making allowance for the chances OF a heavier
freight business this Fall Estimating the Operat.
ing expenses at the outside limit OF 65 per cent,
there would be left, after paying interest on the
bonds and per cent on the stock, surplus OF over
half million dollars. Within the next fifteen days
there will be a
DOUBLE TRACK OF STEEL
rails the whole length Of the road between Buffalo
and Toledo, and double track between Buffalo and
Chicago. The road has been enlarged in Its equip
ment the past year by the addition OF 100 cars and
is stil incapable OF doing all the business offered.
1t is, by the way, curious commentary on Ne
tendency Of the railroad to supplant the ship as an
internal carrier or freight, that OF all the
grain received at Buhalo from January to
August l. 1872, 81 per cent came over the Lake
shore road, against % per cent during the
corresponding time OF the previous year. The
Directors OF the Chicago, Burlington and Quincy
and Burlington and Missouri railroads have agreed
to consolidate their interests by perpetual lease
OF the latter to the former after the award to the
CHICAGO, BURLINGTON AND QUINCY
Stn al hold nf lrxYi,l nf In
per cent bonds, equal dividends to be paid on
both stocks after the merging OF the two lines
as agreed upon. The stockholders will he Invited
to vote upon the question at a meeting to be held
December "a next The Lackawanna Company
have sued for further Injunction to prevent the
New Jersey Central Company from issuing the
proposed three millions Of convertible bonds. In
the miscellaneous railways Boston, Hartford and
Erie was active at 9a and Hannibal and st. Joseph
at 37ls. Pacific Mail was at one time of the day
scarce and worth :. per cent for use over night.
Atlantic Mail was the weak spot OF the market and
declined to 1874.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices Of the principal stocks during the day
Highest. LOtrest.
New York Central.............. 90 955.
Efle............ ................ ~ 4ea
Lake shore. re..................... 8o1. soN
Wabash sh........................ 7i2 IL
Northwestern. n.................. 74l To-,
Northwestern DrcIprrpd