The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-07-21
MONEY MARKET.

The stock market during the past week has been
depressed than for any previous for years. Quota
tion for many of the ancies have rapidly declined and
range from three to five per cent below prices
at the close Of the week previous. There appears
to be some extensive going in Long Islai d
and the silence of the directors of that company locks
very ominous. We know that of them are deeply
engaged in the operations going in the stock, but
that should not prevent the publication of statements
showing the condition of the company. The recent diff
cues with the people Of Long Island and the
aAoat in relation to the boats Of the company
ming on the Sound, should be sufficient induce the
directors to make plain statement Of the actual cond
ton OF their affairs, with the daily, weekly monthly
receipts and expenditures of the road Independent of the
tolls, and what portion Of the fare they receive
the through passengers to and from Boston. The
doubt.and mystery which hang the affairs Of
the Long Island Rail Road Company, affect the market
price of the stock more than unfavorable report
would. The recent disturbances on the isand-the re-
duccd price Of passage between this city and Boston
the reported limited amount of travel the road are
having very unfavorahc efec, the minds of specu
laors and the price of the stock is rapidly declining If
maj ory of the directors of the company not
gagged in bearing the stock for the purpose Of getting
hold of all the stock offered at the lowest prices, they
have objection to making correct exhibit of
the affairs of the road We learn from good authority,
that the receipts of the company much larger than
generally supposed and that the expenditures much
less than anticipated Those holding the stock of this
company permanent investment, entitled to an
exhibit Of tho condition of the company while those
bearing the stock Wall street. opposed to the pub
LEGATION Of any report being satisfied with the unfayora
bic effect Of the hundred afoat respecting the
value Of the road. The directors take one of the
horns Of the dilemma-either make fair statement
OF the companys affairs, under the suspicion of
being deeply interested in depressing the market value
Of the stock for the purpose Of getting complete control
Of the road some other interested motive.
Quotations or stock at the close of the market yeser-
day very firm, considering the many influences at
work to depress the market The destruction of large
amount Of property in the business part of the city,
must create temporary panic; but will subsdc
and tho ndomitablc energy and enterprise of mer
chants prove superior to the calamity, great it
questionaby is. Tho connagration of 1885
covered FROM and the portion of the city destroyed was
rapidly replaced: We must, for time feel the effects
Of such loss that just experienced. great deal of
individual suffering must be experienced by the loss
tho utter losshe complete annhilation Of such vast
amount Of property Another class Of individuals will
come Eforward, build upon the ruins and few
months may suffice to obliterate all ap
pcaranc0 of so large fire; but it will require
years to do away with its effects upon the fortunes
many merchants and TO make up the losses OF widows
holders in many Of our insurance companies. The
amount of property destroyed is estimated to be about
five millions of dollars The amount insured by the
companies Of this city and Hartford the burnt district
is about four and half mllons but their losses VIII not
reach that amount great quantities Of merchandise
removed from buildings that DESTROYED Most
OF tho buildings destroyed burnt after daylight
and every thing favorable for the removal and
preservation of movable property could be. Many
o. the insurance companies will therefore have sal.
vase to large amount the properyremoved md viii
therefore reduce their losses very much. The excite
mcnt attending event like this and the confusion
r. thing has been thrown into will require several days
to alay whom shall be able to tell better how these
companies stand.
We annex table giving tho quotations for stocks in
this market for each day Of the week just closed also
the closing prices for the week previous II will be
that the closing prices yesterday in many instances
higher than on the Saturday previous =