The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-09-11

Ait Ii list 100 Col Chic Ind I'd m. Is
6 All Y r. inc. T TS Fec Fec Nv b..
SSSIs mi BIDS d. TS al
G Gs,s 3. yo r. isi SY0ri Havenss.' s'
CHESAPEAKE AND OHIO MORTGAGE BONDS.
The unsold bonds OF the first mortgage six per
cent gold loan OF the Chesapeake and Ohio Railroad
are offered for public subscription in order to close
out the loan and expedite the completion OF the
road. The financial agents Of the company, Messrs.
Fisk Hatch, advertise In an adjoining column the
full terms upon which the negotiation Of these
bonds Is proposed. Bids will be received up to
Monday evening next, and the awards made i'm
mediately AFTER the usual right being reserved to
reject offers not compatible with the interests Of
the company. The bonds are secured by first
mortgage on the road, which II trunk line, whose
future must be repetition Of the history OF the
great trunk railroads now established. The pro-
posed auction sale OF the remainder OF the loan
offers investment seekers On unusual opportunity
for securing bargains.
STOCKS DULL AND STRONG.
The stock market continued dull and quiet. Both
sides seem awaiting the movements and policy of
the clique leaders, all Of whom were never so
puzzled to know what course to take. Within o
day or two there has been a leaning rather toward
the bulish side in view Of the possible and proba-
BILE ease OF the money market this Fall, and some
small ventures IN that direction have been re-
sp0nded to more or less alphabetically by the
street at large. The combinations now working
are composed OF two ofrshoots of the Lake Shore
and Vanderbilt parties, whose operations are con-
fined to the manipulation Of G. c. and ]. c. and
Union Pacific. The
WILLIAM STREET
party are quite conspicuous in the G. @. and l. O.
movement, new favorite with them, which they
took up when they discarded Lake Shore This
latter stock was failure in their hands all through
They tried the scrip dividend operation with it, but
to no use. They couldn't gavanize 1t as Commodore
Vanderbilt did New York Central, and then when
they raised the capital to fifty millions they dis
covered the road wasn't capable Of earning eight
per cent dividends. They got from under the load
as best they could. Hence the recent depression
and low prices OF the shares. viz, about 80. The
speculation in
UNION PACIFIC
has made slower progress and has encountered the
obstacle OF dull market and dull season. 1t was
feared that the revelations the other day about the
Credit Mobilier would work an injury to the stock,
but no III eject has been seen. Indeed, II these
revelations are all Of piece with the alleged COM
plicity Of men whose names were purpOsely and
irreevantly written on the back Of letter they go
for very little. 1t is rule Of court that evidence
cannot be manufactured. The artificial kind in
Drew has been rendered quite uneasy by the circu-
lation Of the Wall street story that he had gone into
the
CONFECTIONERY
trade, go far as mixing himself up with the
dealings in G. @. and ]. @. might be so
construed. He denies being concerned in
"them 'ere sheers" and would never abandon
his Canton, Quicksilver and wabash for less perma-
nent investments. His favorite Quicksilver pre-
ferred was in its way, feature this afternoon,
and sold at as high as SAX. The business of the
company since their release from the old contract
is represented to be most nattering. At least Mr..
Drew is so satisfied with the prospects that he is
bidding par in gold for the company's mortgage
bonds new movement In
PACIFIC NAIL
IL not improbable, the prelminaries awaiting
definite news as to the fate Of the America. The
HERALD despatch is questioned because the
steamer never touches ut Nagasakf, the reported
place OF the disaster 1t is easy to see, however
that In the transmission of message to through
900 miles Of telegraph the language OF the writer
might be so altered as to give the idea at this end
that the accident occurred where our cor
respondent is stationed. Or again, in writing he
may have supposed we should be as familiar
with the places Of his vicinity as himself The
despatch was dated Nagasakl and the accident re-
ported as occurring "here" (there). The word
there" may have been an accidental Interpolation
In 80 long route with its frequent repetitlons.
The stock advanced to y when the impression
spread that the story might have been an impos-
ture after ALL but fell back again to tx as soon
this sudden conclusion had time to cool. The
NEW YORK CENTRAL DIVIDEND
which was made this afternoon proves to be the
regular four per cent cash dividend and is payable
October Is, the transfer books closing September 49,
This of the directors will probably allay the
excitement about an extra dividend until next
Winter or Spring. The price Of the stock declined
from 100 to o9X. The others were mostly strong,
and towards the close there was quite smart rise
in Northwest, Ohio, Q. 9. and !. 9. and Western
Union Telegraph.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices Of the principal stocks during the day.