The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-07-13
s.s'sF, ~ rsnA ~. NJ Reading nsiresA., N, Nor

sssssf, ~ nsnnA ~. NJ Reading hsiresA., N, Nor
fis Canal n
We cannot expect any activity In the market until Of
ter the first week in August when operators will be re-
turning from the country and Congress will at all events
be little nearer adjournment thsn at present We
anticipate speculative movement to extent in
The ian. There Is such q margin for improvement in
many OF the fancy stocks particularly railroad fancss
uat Wit the upward movs ment commences there will
be- without doubt, very rapid advance Under exist
ing circumstances prices at present very well
tai~sd giving holders hopes that fir profit will
ee realized In the meantime may look for ups and
downs. vary ing from two per the few bulls
and bears lett In the MAJ ket may from time time
mine upon.
Tho money market continues very much depressed,
and the demand for money continues such keep the
rate OF interest in the street up in the vicinity Of three
and four per cent per month This 10 caused in great
measure by the uncertainty that exists In relation the
finances Of the government and until some system is
perfected for the regulation of the government expenses
there be relief Congress has under consdsrs-
ton several schemes for the purpose of providing funds
TO meet the current expenditures, in anticipation
Of tie revenue. among which that authorizing the
issue Of Treasury notes, meets with most favor
and 10 considered a. the present moment more
feasible and better calculated to afford immediate
better in this than any other more advantage
in pecuniary point Of view. large loan would not
be raised at once in Mis- way these could is.
sued no faster than the wanted funds be-
ing issued in this way would command par at least.
The money market Is at present in such contracted
condition. that any attempt the part of the govern
mt tonOgot loan would be unsuccessful, if the
provisions of law authorizing direct lean, required
that loan be made at par less II 10 very doubtful
whether loan could be made. under existing circum
stances, at psrthsre H. tho contrary doubt but
that treasury notes bearing fair rate Of interest say
Ter cent csdid be negotiated rapidly necessary to
supply oil the wants of the government at par while the
iaeres for the time required to issue the millions
or Whatever amount may be agreed upon, would be
partly saved Three or four hundred thousand dollars
could be saved in interest by the issue Of treasury
Suppose direct loan of ten millions of dollars should be
negotiated on the lst Of August at par, bearing In
ter OF six per cent the interest that for
year would be six hundred thousand dollars whereas
issue of treasury notes for the amourn
ing the same date, would require nearly year in
issuing and consequently the saving Of interest would DO
full large above named The expenditures of the Co.
would not require rapid issue than at
the rate Of million month We. therefore, are Of the
opinion that the most economical the most feasible and
the surest way Of raising funds for the immediate support
Of government in anticipation of s revenue would be
by an issue Of treasury These notes would be of
great service to the commercial classes as they would
enter largely into mercantile operations and do much
towards regulating our domestic exchanges which are
present very much deranged they would enter into
the circulation and could be Withdrawn at any time the
government might be in funds do so-whereas direct
oar could oay be redeemed at maturity and at par no
matter what surplus the government may the mean
time have. or what facilities may have for the redemp
ton Treasury notes would therefore, have an advan-
age in this way they could be redeemed and the in
terest would cease at any time.
We have within the past two years been psying in
erest at the rate OF Ave and six per cent debt of
twenty millions of dollars, which has amounted to more
than million dollars per annum while we have had
surplus varying from ten to thirteen mil ions
not cent of interest whch amounting about seven
hundred thousand dollars has been realized by the
government Had the debt been in the shape
of treasury notes, certain amount of which became
rodeemable every year. there would have been severa
millions Of dollars saved to the country while finances
would have been favorable to the most important
interests of the people.
The Bank of Virginia has declared dyjdend of a per |
cent.
The Louisa (va) Railroad has declared dividend of
al per cent
The Farmers Bank ofvirginia has declared dividend
of 81 per cent.
The Nobile Insurance Company, the I'd instant, de-
Glazed aci,iJend Of 20 per cent
The receipts of the Western .Railrosd Company fo-
week. ending 9th July last year. were So 400 and
for the corresponding week this year they amounted
sal 200 showing gain of $780, viz $A4C0 in the
freight and 81 400 in the passengers Total gain from
the lst January to the 4h July about $37 000 The
renses in the time 1t is said, have not mere ased
The nett earnings in the second half Of last year
than twice much as those of the first half
Should this be the this year. the result would be
~ elve p,r cent nett income upon the share capital be-
side S30oO interest sccrung to the sinking funds equal
per cent more exclusive of the cd fund of
nett earnings amounting to Sl30.O0O.
The receipts of the Reading Railroad Company for |
the first week. in July. annexed II will be per-
ceved that there has been falling OF compared with the
previous week. this season, which has been caused by
the suspension of business the Attn inst that having
been generally observed as a day of amusement
fHrLApsLrHiA AND REApISo RArLRoAp.
Week ending J..ivs ls.i July >; ra3. july 4 eS
E.ish, on goods. s,1 3. Liza, sSs, ea
Total. ..,.... si2332 Oh 2344s 81 A.i6l "a /
Coal transported. tons 1881 1879 1914
The amount Of Anthracite Coal transported on the I
Reading Railway. during the week ending tho 9th inst,
inclusive, was follows, viz -
From tons. crf.
Port LaIbon. OBSERVATION-DISCLOSURES, ay24 20
schuJ Hill HaYen. .......,......... Is3o ~
io'ai .s.......'' N'o.s ~ |