The New York herald., 1874-08-10
The following table shows the extreme nuctua-
ttona for the week In the leading aharea:-

Before dismissng the stock movement OF the
past week the subjoined extract from Herapdth's
Ratlscav Journal being extracts rom an article
commenting upon decrease In the June receipts
OF the Great Western Railway OF Canada, are
worth consideration, as showing the estimate had
In English railway circles OF the Granger move.
ment here. The Journal says:-
for through trsmo are the cause Of the loss oss
srao s but sae s loss 81 n money s1' pa'd LOS o9
ITS carriage. The traf1c Is known TO have In
Grand trunk meetns that tie aaarses % for sarousS M
tradic between New YORK and Chicago are now SO
low that tney amount to only the nitn part q .
dltficult to understand how SUCH tran1c-and the
tranlc OF the Great West, Of which Chicago ls the
The expense Of railway working In America Tor
Canadal is heavier than In England and yet in
Ing Goals a. three e'Rnts of penny per mile per
long through tranic in America viii not pay, and
that the companies are better on without 1t. 1t Is
very advantageous TO the american people TO have
i happens 70 be at the cost of lne Taiiway pro-
It is better for railways in this case to content
themselves with rne mere local trafic, Ior which
great west carry their own goods as best they
can.. The companies are surely not bound to carry
GOVERNMENT BoNbs
showed increased activity during the week, ut
lower prices early In the week, with better ng
ut the close. The principal dealings are still,
directed to registered bonds, ten.1orties and new
nves having been the favorites. The former
were in demand by holders OF the latter, az an in.
vestmens Offering nearly, II not quite, equal ad-
vantages and profit in the exchange.
CLOSING PRICES OF sToCKs--sAruRDAY, THREB
O'CLOCK P. n.
TaIa~ 5kf<
silver, 27 q 20; do, preferred. 8lH S2h; Michigan
Central 6sh 10; Adams Express los q no;
WellsFargo Express, 73 "a; American Express,
COS 81; United States Express, e7x q eS; Pacific
Mail, ASK . Ask; New YORK Central and HUDSON
River Railroad, 1907 1olH; Erie, 32X SAX Har-
lem, 123 q 124H; Boston, Hartford and Erie, IL q
1H; Lake Shore, 70 q 73H; Union Pacific, 2otz q
291s; Pittsburg, SS SsK; Chicago and Northwest
ern, 37X 3S; do. preferred, 55h q So; New Jer.
sey Central, 1861 10e; Chicago and Rock Island,
9e% 9sX; Milwaukee and st. Paul, SAX s4X ;
do. preferred, 62A SO; Toledo and Wabash, SO o
38x; Ohio and Mississippi, %h PAX; Hannibal
and ST Joseph, 20 q 2eH; O., @. and l. G., lax q
lax.
MEMORANDUM.
The financial agents OF the Chesapeake and Ohio
Railroad Company have just issued q pamphlet
addressed TO the bondholders and creditors of
that company which 1t would be wel for each one
In interest to obtain copy OF and study. 1t con.
tatns proposition Of settlement which, without
expressing any opinion OF Its merits can be safely
mended for consideration because OF tho
source whence It springs. 1t should be borne in
mind by creditors generally throughout the United
States, and by none more so than railway credit.
ors, that compromise has been the sure ana safe
way out OF the difncuties with which the panic en-
vironed all enterprise. The Chesapeake and Ohio
railroad has q future before it AZ a great trunK
une-with the present cry for cheap transporta-
ton we cannot have too many OF them-and 1t
would be soliy on the part Of the present owners
OF such valuable franchise, owners whether in
law or equity, to permit such q splendid embryo
property lose value IN their hands for want OF an
understanding spirit OF union ana assimnation Of
interests.