The New York herald., 1872-07-12


fIO0o00o or'..,~' 5OooOo 6p C.. March and sept I.
The capital Of Che csmrany now ssnssS s e m sMo con
PreisTsnes shares ssOo0doo bonded debtas above To-
issue q bonds can be hereafter made Sy the com.
viii be applied IN payment Of the floating de ebt and other
s S the S se Of the aT %0sass az ne anS
n das % s Of & SsS S ssS l for ds s s" s S
bonds viii De rccsoned FOR that purpose At for eae
Goo of sterling bonds Fracnonal scrip certificates will
Of less than sioSo TSS bonds presented ioT
due %asssSss s Ne s2aS;
be, when the exchanses eGcced For such of the ex-
s Cd
aFEsesa,s hsEsSf Vim Ss
sSs By s asss' s s'S%s SSnas sef
SsSSf TS e % s assSst e S!s o due
ss sHs s psssoS s S bear oS eH
isn1 ii p TIE S ss s G ay & Of show hoe a"h 1s% eS q
The returns for the sorTespondng period M in
Railway has
SSs hsn ana and s S s ssFSs
the revenue has materially increased since the companys
IN
n SGk S s S lime f e Of 6s S
being cnergeucaly directed toward the cultivation of
change OF traic by such mutual ACCOMMODATION Of in.
ss and d HaS se
will be opened up and the earnings or the company cor
STOCKS DULL AND STRONG.
The stock market displayed hardly any improve
ment in the matter of business. but was decidedly
stronger in tone, particularly late in the day or
after opportunity had been given to Erie to exc
cute its usual gymnastics and retire into quiet The
''p0nt" was freely circulated to buy New York
Central with enough to cause rise in that
stock to oS7s; one theory OF the movement being
the reported intention of Mr. Vanderbilt to do
something in the way Of an increased rate Of
dividends.
EXIT "sCRIp."
New York Central scrip, or, as 1t was 80 long fami-
liarly termed at the Board, 'scrp," until the inita
ton OF Commodore vanderbilt's peculiar process OF
"watering' led to other and later ''scrips," has
passed out of existence, and It's name Is stricken
from the official list at the Board, yesterday, July
10, having been the day on which 1t was converted
into stock in furtheranCc OF the resolution OF the
directors of New York Central adopted last month.
After the 1st OF August Lake Shore 'scrip' will
share a like fate and disappear from existence by
similar conversion. In the case Of
ERIE
the movement was erratic, but, as before, closely
sympathetic with the course of the London quota
ton The first sales were at 5Sh, succeeding
which came an advance to IS with heavy busi-
ness, later decline to 53H, and lastly rally to
64k and a quiet ending in the vicinity of that
figure. The situation regards Erie is greatly be-
forged There is O heavy "short" interest out
standing and good deal of volunteer information
consequently as to the utter worthlessness Of the
stock, oil OF which fails to make any serious and
lasting impression upon its quotation, the "bulls,"
whoever they may be. seeming to be willing to
take enormous amounts when the price gets down
NEAR so.
Pacific Mail was the next feature of interest on
account OF widest fuctuation, its price having ad-
vanced an even one per cent, when elsewhere the
rise appeared to be about y per cent, taking an
average OF the extremes Of the day in the usual
speculative favorites.
HIGHEST AND LOWEST PRICES.
e 4 .i4 4i L. IL xx4 la ll k ixa NJ