Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-04-24
MONEY MARKET,
Thursday, April 23--G II. VI.


The market less buoyant today. The spectators
all wondering what going ohsppen nestl The questions
asked yesterday in regard to Harlem Railroad threw rocket
among heFbu and heywere all scapersg get out The
consequence that the stock fell OFF per cent and under
the same influence other stocks fell of from per
U. $. Bank declined cent; " A. Trust and Banking Co
per cents Delaware and Hudson, cents stonington
cent Indiana cent stocks were quoted ut 6 per cent
Sales Of Ohio per made cent For Span
ash dollars per premium offered and cent asked
Ia regard issue of Harlem stocks appears that John
Ward Co. held Of the companys bonds TO the amount Of
$50 the maturity Of these the directors proposed ohim
their stock very modest proposal when the
market value Of the stock IS cent Subsequently $3.50
shares per discount equal 10 si5ooO0 issued
These been occasionally let fly the pus the company
Trough, pces W the mark Returns Of the receipts
the Harlem road have been frequently published in the daily
papers worried 90 lead the public suppose that II
paying the interest debt well the exerses Of the
road the expenditures have been gvca One Of the
evening papers gives table Of the receipts expenditures and
profits the years business of different Railroad Com
pancs. This ten iiom the reports Of the companies
themselves TO the Legislature. The Mohawk Railroad
and the Utica Railroad show large profits, and
badly correct but the Long Island iiarcmand others who
making applications for assistance, have reason for
incorporating their affairs and dependence can be placed
in them The Harlem know IL be wrong Their statement
is that the receipts s97sf
The expenditures. ACKNOWLEDGEMENTS. .... seses
Nett profit. ............ ......si2sIs
Il m then stated 500 the debt Of $4,000
not included in the expenditures consequently there has
been loss the years bpsincss If stsst.
In the afternoon the Harlem Board Of Directors had meet
ing There however not quorum present, the rrcsi
dent and the principal of the Directors being in Albany
Nevertheless two committees appointed. to visit this
oee in order TO ascertain posabe from what source de-
rived information aud to invite investigation INTO the
affairs Of the company, the other committee to endeaor to
ascertain in other quarters how the information reached
This is entirely useless We tell business TO any
body Of and Of information cannot be
discovered There have undoubtedly been issued by the drec
tors large amount Of stock TO meet the expense Of laying the
rails from Broome through Centre street. and for
other purposes This increase Of stock may the present
market value Of the stock but the benefit arising from the in
Of travel supposed than that
temporary depreciation, which felt only by the spectators
The Of the road good bill has the Senate
granting in order carry road through
Chester condition that the money shall be spent West
Chester only The bridge has been built by Nor
ris Esd and miles of read the other side Of Harlem
river graded ready for laying the rails law
hiss passed House. Delegates from all the counties
tween Chester and Albany bave recently here
sufficient raised each county carry
New yort and Albany Railroad throushto Albany
the West Chester tract IL completed with which is
Th. Of will put the Harlem Railroad the high
road to prosperity.
We observe the Albany papers that large meeting Of
citizens ofAbany held the 18th, IN favor Of construct
ing the Albany and West stockbrdge rail road which will
all the travel Boston unless the river counties OF New
York move with little animation the subject The
completion of this road and the - miles between Auburn and
Rochester, and the ~ miles between Batavia and Buffalo, both
Of (which routes building, wi give uninterrupted
rail road communication from The City Hall New York. to
Buffalo
The bill passed the legislature on Wednesday by
vote OF 50 20 IS in the SHAPE which passed the Senate
previous TO the appointment Of committee OF conference that
Is requiring the banks to redeem in New York city half
OF cent discount Il the Senate will pro-
badly become law.
The rate Tor current money in the city jail per
and az the canal " now the quantity will probably
with the business and the discount increase The
boat left Buffalo on the morning Of the Qoh.
There at the west that all banks Of Cinoin
matt with the exception Of the Trust Company have suspend
ed. This wants confirmation.
There arrival OF specie New Orleans on the 18Th
TO the punt ef Ssi 600 from Vera Cruz.
u will be rscolected that OF the Of the Georgia
gsature al s recent session. 10 suhsse the sale OF all
the stock held by the state the proceeds 10 he in the
Central Bank Up 10 that time the Cesrs Bank had never