The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-06-01
MONEY MARKET.
aturday. May 3I-8 p. MI.


rces Tor stocks are still declining, and the market
mas NOT been SO much depressed for years. Some of the
oldest operators in the street say that the market has
not been SO heavy and prospect dscouagng since
the panic years 1896 1897 as at this moment Ston
ingon declined to-day II per cent Norwich and Wor-
ceser, Erie Railro ad II; Morris Canal, Farmers
Loan, i; illinois SIS, Z ! Harlem. Canton, } Long
Island, l. Paterson Railroad went up per cent and
Pennsylvania 5s J. while Ohio 6s closed firm yeste
days prices The transactions at both Boards to-day
were very limited.
The Mechanics INK ofBaltmore has declared semi
annual dividend Of II ,ree per cent.
The election of aptain Swift, of the IT, s. ARMY an
Trustee of the Hin ois and Michigan canal loan on the
part Of the foreign oondholders and David Leavitt
president Of the American Exchange Bank trustee on
the part Of the American bondholder has given
satisfaction. Consider able anxiety exists TO learn
who will receive the appointment of trustee from
the Governor Of Illinois, the part Of the state Tb
most prominent Candidate is General Fry of Illinois but
many interested are not favorable N his anno;nen,
on account OF MS previous necton with the work
ana tne rditures made upon it, under
ms administrations Inc urge the policy of a complete
change IN the omcers Of the canal as the of
nc" Po'oy "e'e pursued IN the construction of the
work, wo"sa many much faith in its ultimate
compie'''-. than they would otherwise have.
ahe first instament Of the loan of twelve and half
per cent or eighth of the 81 600 0OO payable
the 26th instant and the Board of Trustees is
fully constituted the work the canal will
Captain Swift has been elected President of the Board
which is charged with the disbursement Of the fund in
vested with the other functions which appertain the
old board OF Canal Commissioners and with all powers
necessary to ensure speedy completion ofthe canal
According to the annexed returns appears that the
receipts Of the Erie Railroad Company for the first four
months Of s45 have been larger than for the
corresponding period in ls44-
New YORK ERIE RAILROAD
Receipts for January, 1885,. .$ll, $50 "a
Receipts for for February is4S s'7es 4.
Receipts for April, ls45.. -. 1906 90
Receipts for the corresponding period in 1874 $3.50 81
Excess in ls45. $497 SO
The receipts Of the company for the year 1874 amount
ed to 49, and at the the receipts ave come
in this year. they will not exceed that much in
l545.
The increase in the receipts of the Housatonc Rail-
road Company in April ls45 those for the cores
pondng month in 1884, has been very triAing but sui
cent to show that the income of the road is improving
instead of decreasing.
HousAroNIc RAILROAD.
neceipts ior April iSaa. SlO,l76 81
Receipts for April, 1915. ............ 1850 90
Increase in 1s45. ............. Sl,473 SO
The total receipts Of this company last year amounted
increase In the month April, lS45,
equal to about fourteen per cent This rate of in
crease throughout the year would swell the receipts
for ls45 to about $4,000 It is estimated that about
eghyfve per cent Of the receipts this road is from
the local or way travel.
The total tolls received the Canals of this State
to the 2sd May have been follows:
CANAL ToLIs-STATE OF New York.
1874. 1915
.7p7iI Is TO May %, .1priI Is to Mau o.
- "a days 81 days.
On all Canals. SOL ,085 S5i5842
Albany and w. Troy, Cup
freight,( .......... 166980 -. l846
All other Offices ION down
freight).... 1884 los $3.50 386
The daily average Of the receipts in each year for the
time given is as follows
On all Canals . ..... Sl47U ~ Si3q4I
On up freight. ALL 1928
On down freight. 9,826 9,713
This shows that the decrease equal for the thirty
days to s796 per day, is up freight merchandise
mar do nd donrr froier N 4