The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-02-12
MONEY MARKET.
Tuesday, Feb. lI-6 r.. M.

Tuesday, Feb. l1-6 r.. M.
ne Stock Market has experienced decided improve
II. Quotations to-day do not show an advance from
10 current yesterday, in every instance, but the
slight falling of in some of the securities, is
considered unfavorable to a farther improve
y Illinois Special Bonds went up per cent; Ken
Ky cs, !; Ohio SIS, T. Morris Canal, /; vcksbprg, d;
hawk, Il Farmers Loan, Pennsy lvanis SIS, stonngton
Reading closed firm at yesterdays prices, while In
"a declined per cont; Norwich and Worcester, i;
ton, .; Long Island, 1 and Harlem /.
he transactions at both boards were very extern
and much better fesling exists in Wall
get than we have noticed for sometime past.
banks are disposed to afford any reasona.
facilities to spectators, to increase their ope-
ons, and SO long they continue to discount freely
ney will be plenty, and the rate Of interest low
se institutions lead the commercial classes and those
osed to speculate in stocks into difficulties and then
then to get out of their troubles they best may
ere are always enough anxious to obtain every dollar
oanks will let out with which they engage in stock
rations The stock speculations the banks Of this
produce every three ,nths, draw into the street
Sc engaged in legitimate mercantile pursuits who fall
the hands Of the brokers of Wall street, by whom
y are thoroughly heeced.
large jobbing house in Exchange Place, suspend.
payment few days since, having become bank
= by speculations in the fancy stocks of Wall
bet. We have recently learned the particulars
> case in which the victim, young and enter.
sing merchant, was plucked of a large amount
certain brokerage concern in Wall street, the
ne Of which will be made public in few days,
, suit has been commenced In the Court of Chance.
and the facts will soon be brought to light It is highly
portant that the names of brokers, who entice in
perienced individuals into the street for the pur-
be of fleeing them Of what capital they may
by false representations in relation to the value of
ok and the nature of the operations in which they
he should be known that others may avoid
I'm. After all, the efforts we and others have made
induce those engaged in legitimate line Of
ineas to adhere strictly to it, and not involve them
in any kind of specuations it is strange that there
many foolish enough to risk credit and capital in
operations of Wall street. The risk of capital ID suf
TENT, when dealing in fancy stocks, with honorable
but when an individual falls into the hands Of
he brokers OF Wall street. every dollar he embarks in
business lost as he advances it. is hoped
bit the chancery suit referred to- will throw sufficient
hit upon the transactions to those about entering
street. to be on their guard and attend to their leg
lie business Those not in the habit Of regularyyistng
Jail street, have not the slightest idea OF the number Of
rchants-from importers down to retailers and mechan
assert that one or members Of more than onehrd
the mercantile firms in this city are involved in stock
csations with the brokers Of Wall street and greater
[mber of these Arms made bankrupt by this
an any other. There many high minded and hon.
able gagged in the brokerage business, who
|e themselves strictly to a commission business, and
ho never personally interest themselves in any specu
live operation but where And Of this char
ter find dozens the reverse who exc out livelihood
their successful operations with inexperienced specu
The increase in stock specuatoDs and revival OF
ices for fancies invariably brings into the street
Of to realize large fortunes in
week two-who are induced to invest every dollar
sy can squeeze cut Of their business, borrow from
cir Friends in some fancy stock.
The report made by the President Of the Long Island
alrcad Company presents very favorable statement Of
affairs of the We annex table taken from
q report showing the receipts and expenditures, from
nuary lst to Dec. 81, ls44.
LoNo ISLAND RAILROAD.
ON local travel from Jan. ] to Aug ss2 se!21
= freight do. a1s IS "a. .,o =,
. s,:ysI from Aug TO Dec sl.ss,ss o e
ON sources incident to the councxisn formed by tn.
md freight TO and from New York and P!oyIdsaee.
ssns $o om ~ bsc % %
EXPENDITURES.
as. ases ano salaries All ~
sd-Proyender for horse, in use by the
f G% Expenses aps Steamboat. insurance. &C. ssT
--Ss34i2 SO
Excess of receipts expenses, $1,000 "a
The capital consists of 80 s4s shares Of $50 EACH
492 500.
Tho whole debt Of the company is $500 $40 a. Deduct
from this the debt due the State of New York in the
ar 1861 Of $780, 900, with sinking fund Of 1000 per
mum, leaves the remaining debt Of the company
$40 ~, payable in the following yearsls45, 1916,
AZ, ls4s, ls49, 1880, 1881, 1852
The entire aggregate Of dett and capital stock, is
,ssa $40 %, as follows:-
pital stock, ............. $1,000 shares
I" ned by Company, ......... Io4
29.a4s at $50. sl.4s2,s 300 90
sbt.. ........... 3923io Y
Capital stock and debt. 81 1884 $40 20
The subject OF dividend has engaged the particular
enton II the directors. BY reference to the income
count appears that the Company hasderivcd, in five
onihs ending January ls ls45, more than $4,000
'ar per cent net upon It's capitol stock. This sum,
ter making all proper deductions weud have warrant
dividend Of at least three and half per cent butthe
recors conceived their duty, under all the circum
of the apply this income to the reduction
the debt.
Several ofthe southern papers have for sometime past