The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-12-10

"Wednesday. Dec. CD +. IL.
zee stock nsika: crsnsa buoyant to day, ana
pfces improved fraction Harlem went up y. Norvich
and Worcester l. Long Island Canton Pennsylvania s's
AID Reading, closed Arm st ysssrdsy' prices United
States 6s new loan sold at se cash. and the old s at
per cent premium The message has had rather To-
voratie effect upon quotations for stocks
At the second board there was further Improvement
IL Harlem and Norwich, with large sales Of each
After the remarks we made few days since In refer.
snce to the Harlem Railroad do not deem
further TO comment this subject than to suggsst
the proprety OF calling together the stockholders and
creditors that they have full opportunity to exam
Inc the condition Of the company's affairs. and IL the
prospects be such will Justify further expenditure.
that effective may Immediately be adopted to
obtain the means
II Is beyond doubt that when the road shall reach
somers, distance Of fifty four miles from the City Hail.
the amount Of indebtedness will exceed 81 0O0 and
that large portion Of this Is rapidly running to ma
turity, part Of which has been temporarily extended
by negotiations the hypothecation of certificates of
stock issued without any legal authority II the efforts
being made should prove unsuccessful II IL easy
foi ssee that nothing the company from bank
raptcy and such must be its fate should the stock fall
much below its present speculative value The credit o.
the company gone and loans made Of forty per cent
or forty dollars on the deposit Of hundred dollars Of
scrip show to what sxremtes the is reduced
The road which has been constructed beyond White
Plains is of the best kind and by the first of January
will be at Clarks Corners about forty three miles from
the City Hail. but whether II will be extended further
not easy under present appearances predicts the fu
ture Is certainly porenisus of extreme difficulties and
forebodes much ruinous embarrassment
1t is understood that respectable members have
been elected to the direction but whether they have
10 the conclusion Of giving the company the
aid have agreed to at the solicitation Of
Others Ito inspire confidence is subject Of material i'm.
portance II Is opinion that this affair has assumed
stock obbing charscter but be this may the end
not the motive is the subject Of consideration.
.re road shall be finished the stock will be worth par
Sat this cannot be don, without ample resources and
unless some better financial arrangements be resored to-
DO reliable prospect for such improvement.
The recently chosen directors Thomas Tileston.
Charles Dennison and Philip Datcr in place Of Richard
NJ Bstchford Edward X Collins and Fernando suydsm,
presenting change without difference In public
tmaon the character Of of those who abandon he
ship not less respectable than those who have
to the The history of the Morris Canal Compa'
n.y. proves that strong array of names Of very little i'm
porance; If they bring money, they have no inAu-
ence The public too intelligent 10 be humbugged
now
1t il rumored that large Of stock have been with
drawn from the markets. first and good step, il true;
but the holders must be of the value Of
bined movement, our suggestion for q public meeting
deserves their serious consideration
The citizens of New York have right to require
such meeting; they deeply Interested in the result
The accommodation business and prosperity Of the city
demand explanation. 1t is trusting much to pub.
Lie orbearance to suppose that those who have assumed
the responsibility of experimenting the construction Of
road to Albany will be held irresponsible for any fur
Their neglect The successful efforts which the Harlem
Company heretofore made paralyse every other
attempt to construct road have necessarily created
some feeling Of dissatisfaction and unless the
which have been held out be speedily realised the inter
of tho Legislature may not be invoked in vain.
In conclusion would recommend that q meeting Of
stockholders creditors and others friendly to the road
should be assembled about the middle Of January that
whatever arrangements shall be thought necessary may
be perfected without delay that the work may progress
without any further loss Of time If this suggestion be
not carried through the present operations will terminate
rs usual in kobbingn nothing respectable and
those who have recently joined the company Will BIO
volved in the odium Of the deception.
The amount Of specie brought out ty tho Caledonia,
Ut Boston, from Liverpool twenty. hve thousand
pounds sterling OOO and not eight hundred thousand
dollars a. reported.
The receipts Of -four, wheat, barley and corn at tide
water during the fourth week Of November Is4s and
lsA6 have been as fJllows -
Flour, 6ris. Wheat. bu. Corn, 5u. Barley, bu.
le4s... .....iN,t30 l3273s lz.3ls li2s5
iSis....... i7s,s5o 1920 l,W s,es,