The New York herald., 1875-09-24
WALL STREET NOTES.

FAVORABLE ERIE STATEMENT BULL TALK
COMPARATIVE VALUE OF LAKE SHORE AND
NEW YORK CENTRAL RAILROADS FAILURE IN
THE GRAIN TRADE-DRY GOODS PROSPECTS.
The Wall street markets yesterday feverish.
The fluctuations in the active stocks will be found
corded elsewhere. Erie for the moment to have
revived, under the stimulus of favorable report which
rumor asserted be given the world by the way
OF Judge Donohues The figures of the earnings
con1dentally given on the street. and 1t was
said they showed handsome surplus for the last three
months the interest on all bonded indebtedness
but much has been said pro and that it may ba
wise to await the statement itself before passing any
opinion. The friends of the road however were free
buyers of the stock and pushed up about per
above the lowest price
BULL CIRCULAR
A little after midday q circular was distributed
among the members Of the Stock Exchange. headed:
Comparative value of the Hudson River and New
York Central Railroad and the Lake Shore and Mch-
gan Southern Railroad shown by the gross
ings market value and cost of the two railroads.
which set forth the following-
NEW YORK CENTRAL RAILROAD.
Capital stock So iZssOO at loo.......... S932ooO0O
Mortgage bonds, at par................. 3s,is5OOO
Total Sl3l 6s5 900
Leased lines 2GO miles
Cross earnings 1874 s294aooo equals % per cent on cost
SHORE RAILROAD.
Capital stock s5ooJOo0o at 100000
Total s7ssesOoO
earnings, 1874 s7l4eooo, equals PIX per on
About ninety per cent the traffic of the Lake shore Rail-
road Company derived from local business Their local
passengers three per mile the
Railroad per mile The grades the
upon the Central and fuel both cheaper There
fore the operating expenses Of the Lake shore should be
capital stock OF one m the ABOVE roads Is either selling above
its value the stock Of the other below its value.
frrpE STup
of Messrs. Drake Il Colby excited but little comment
yesterday, suspected that the house had been
too heavily interested in freghts and grain. The
European branch Of the house was known as Robert
Craig x Co their bills held largely in this market,
but upon inquiry il was discovered that they all
secured by bills Of ladng, that whatever loss there
may be will only result from depreciation IN the value
The rumor of the embarrassment of prominent
New York dry goods house. noticed in this column
yesterday, authoritatively denied TO reporter.
Notwithstanding this, however, II is currently rumored
on the street that their paper has taken low rank
lately among buyers of commercial bills
IMPROVEMENT GOODS TRADE.
II pleasant any revival of business and while
in the early part OF the week busne dragged with the
commission houses II improved toward its close,
when fair disributive movement was experienced.
The action Of Chicago jobbers in quoting certain makes
Of standard prints at less than agents prices de-
moralized the PRINT market Tor day two and sew
era promncnt Chicago jobbers cancelled all their out
standing orders for prints but were glad enough to
them before the week closed on receipt Of more
favorable news from the West The are working
day and night the wholesale stores and orders for
low priced goods said To be far in of tho
ability to supply them This is healthy and cheering
sign OF better days IN the future The country is
bare Of goods prices are low The farmers have large
crops and have but small debts. These facts, grouped
together, may be significant Of q revival
II is said that the offer Of Messrs Moer & Sons TO
cure fifty cents on the dollar has not been acceptable
to all the creditors and general assignment is talked
Of 1t doubtful whether the estate can be wound up
with favorable result for the creditors than the
offer Of fifty cents.