The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-06-14
MONEY MARKET.


The stock market recovered to-day full much as
lost yesterday so far as quotations concerned The
principal operations were confined to the old Board the
members Of the new taking very little interest in the ope
raons of their board At the old Board Long Island
advanced ID per cent Canton Harlem Paterson 2i;
Norwich Worcester IL stonington 7; United States
Bank 1t; North American Trust ! Farmers Loan 81 ;
Ohio Ga .; Illinois III Kentucky SIS II Reading Rail
Road 81; Vicksbsrg It and Indiana Erie Railroad
fell off u per cent.
Nat the Board, Long Island improved per cent
Harlen4; Canton ~ s.onington United States Bank
I; Vi6asburg II; Ohio ca H. The fall yesterday, in
stocks very heavy that many bears having cleared
out their short contracts have become bulls today One
very heavy OPERATOR who for long time has been bear
ing stocks, to-day became bull and very large pur
chaser These movements and recovery from the panic
Of yesterday have had very favorable effect prices
is amusing to observe the sudden changes that often
pass Wall street. Yesterday every thing looked
blue, and to-day every thing looks bright The brokers
ore easily frightened and easily recovered The ex-
element attending stock operations is very pleasant
while every thing goes right but the first changes
thewhole complexion of the business, and many
thing but bankruptcy end ruin in the perspective
WMorris Canal Stock is nearly defunct Both Boards
have passed resolutions requiring suspension Of opera
tions merely on the receivers issues but operators
afraid Of any Of hgood bad-egal illegal The OBJ
ject OF the resolutions is, doubt, to get up another
citement in the stock Quotations for any stock cannot
advance while is laying still II is only by keeping
fancy stock in motion, that spectators get prices up
Large sales among the brokers attract opera
tors, and after steady advance for few dayst bait
takes and the victims caught.
The Merchants Bank of Newborn, NJ C has declared
semi-annual dividend of three and half per cent.
The receipts Of the Western Railroad Company since
the lst Of january, s44, exhibit very CRAFTY ing in
crease. The greatest portion Of the increase is the
transportation of freight.
RECEIPTS THE WESTERN RAILROAD.
For p weeks endingpuRe LIST. is4s. 1884,
r rssssRs' s.: s sisss l lss s sss
sl7a,sas saso,eOs
For the week ending June 9Th.
rassenSers. 01I3 1So2
Freight &c. ........... 6753 5000
SisS4ss $244,767
Total increase from January LIST to June sh s5s 1872
equal to about thirty three and third per cent The
total receipts from the road for week over five
months amounts to estimating the receipts for
the other three weeks in June to be equal those for the
first and we make the nett receipts Of the road six
months in le44 $a9s,62 netting at the rate for
the year, $57722 The total receipts of the road for
1913 amounted to $751; only $4,000 less than the
above sestimate for 1884, The receipts for the last six
months in si3 nearly doubled those Of the first six an
it is possible the last six in 1914 may show much
greater increase than the first SIX The receipts in 1913
were as follows
jan. Isl to July LIST, months. .$2as, 49, 20
July LIST to Dec 3ist, 9 49,. 345,4i4 81
Increase from July 10 January. ..Sll6,947 II
Allowing for similar increase THU year, the total
ceipts for 1874 will stand thus -
Jan. LIST to July LIST, 1874, months. .$2ss 6l2 90
July LIST to Jan. LIST, 1915, O 4H,542 90
Increase from July January. Sl55 Gao 90
EThis will make the receipts for 1914, $7s3l54 90,
against $53 $50 81 for ls3 increase equal to about
twenty eight per cent. The steady and permanent i'm
provement going in the financial affairs Of this com.
pany is particularly gratifying both account of the
large interests stake and tho precedent that will he
tablishcd governing others in estimating results This
expensive road nearly finished before the public
hardly knew it in contemplation. The immense
amount required to complete such length Of road
nearly all raised within the limits othe State traverses
and the many difficulties experienced in its construction
were hardly known until they surmounted We
particularly pleased TO see the affairs of such
pany revving from the depression and difficulty they
have long abored under This company have adopted
system Of publishing weekly statements Of their
ceips which would strongly recommend to all other
companies similarly situated.
The annexed statement shows the position of the city
debt the 18th of May, 1874 The sinking fund amounts
to nearly two million Of dollars -
New YoRK CRY DEBT.
5per cent city stock, OF 1920 and 1879, pay.
NJ.