The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-01-08
MONEY MARKET.
VVesln AaS7av Inn IA

:" whole of Oregon or one" N
MONEY MARKET.
"wednesday, Jan. To p. M.
There was general decline in stocks to-day. Nor
witch and Worcester fell on per cont; Erie Railroad 5.
Long Island ?; Canton Ii Reading Railroad III vicks
burg !; North American Trust i; Morris Canal Il Har
lem, U. Bank, and Ohio 6s closed Arm at yesterdays
prices The sales of Reading Railroad very large
The stock market continues very much depressed and
the difficulties between the bears and the bulls the
Erie railroad stock tend to depress the market, and de-
stroy all disposition in the outsiders to operate Tho
committee to which the Erie railroad question
ferrcd had meeting this afternoon with the counsel Of
both parties to argue the points issue This the
only proper way to arrange this matter; should be
cied BY the board, upon report from this committee
II due to the numesous operators represented by the
members Of the old board of brokers' that this any
other question arising in the board should be settled
there. The confidence now entertained by those for
whom many members act in the board, is very great;
and the equity that marks all their proceedings has
heretofore been undoubted and this account every
effort should be made to preserve this reputation Ano
Their thing is TO be taken into consideration in this mat
ter and that is the equality should exist among all
the members whenever any decision before the
body for settlement II is very difcult, doubt
prevent member whose operations very extensive.
and who may from time to time give business to other
members, from acquiring influence which, in certain
times be of great advantage; but little Of this
aGaence should be permitted to nsinuate itself into de.
csons possible Whatever may be the result of this
Erie railroad affair." it will prove beneficial stock spe-
cuators generally, and cornerng operators in parcu
lar. 1t will establish precedent that wi or should re-
gulae all future disputes and teach those Spectators
having disposition to get up cornering operation
any stock, 20 look ahead, and there any bonds
tof the companyn existence Corners very seldom prove
successful. and the diniculss growing out Of this
matter what the result may be, will be Of advantage
he rising generation Of bulls and bears and put veto
upon this sort OF stock speculation It is of moro i'm.
portapce than many members Of the board imagine that
the question before the committee appointed should
be settled at once way the other by the board
Many members OF the board act exclusively for them
selves while others represent many outside operators.
who have deep interest in this natter and it is paricu
arl for this that the board should suffer the
affair to 60 out Of their hands.
The Merchants Exchange Bank has declared semi
annual dividend of three and oneha per cent payable
on demand.
The Baltimore and Rsiste stown Turnpike Company
declared half early dividend of one per cent
The Baltimore and Washington Turnpike Company
ias declared halfyearly dividend Of one per cent
The Baltimore and Yorktown Turnpike Company has
ieclareds halfyssrly dividend Of one per cent
The Farmers and Mechanics Bank of Georgetown,
D. c., has declared hafyearly dividend Of three per
cent.
Tho receipts of the Norwich and Worcester Railroad
Company, for lsAs amounted to $29s soe against $2os.
700 for 1884, being increase Of s0s in ls45 The
net earnings for the ending the LIST nst amounted
$4,000, which have been appropriated to the extern
Jon Of the road which passing the January
dividend
The message Of Governor Wright gives very aatter.
mr. nfofth 6nau If A.
Ia the soth Of September isl5 the canal debt Of the
state amounted to $ls s90oal. ofhis amount Sill sss
ell due ON the lst ofJuly, lsAs The money deposit
ID in the transfer ONCE. The interest on the debt
leased, but the principal has not been called for
pa the LIST instant - SIS Sc Of the Chenango canal
Iocks became payable. The money was deposited to
sdeem this stock a. presented, and the I'D instant
bout 81 7es 600 had been paid Of and cancelled leav
ng balance Of about $672o 900 ready meet the pay
ent of the balance Of these stocks These two pay.
amountto $247soo which reduce the canal debt
s7,a6ll9 OF this, S57l so4 become due on the lst
Jay Of July next being $4al soa of the Oswego canal
took, and $3.50 900 Cayuga and Seneca canal stocks II
hese liabilities be met BY payment there will remain
balance Of the canal debt, unrsdesmsd of $l6e44sls
The finances of the State have been very much bsne
BY the increased amount of tolls this year
IA with last and have enabled the State to accomplish
otherwise could have accomplished from the
sual resources Of the State. Within the two years
nding July lst Isls, amount Of redsmptons equal
s4ai4ooo will have been made. The revenues from
canals for the last fiscal year. have exceeded those
lsa4 $2ses+ %. The expenses, in 1885, exceeded
bose OF 1884, Silolos o. The surplus In lsas
the expenditures 1875 less than that Of the
revious year The canal tolls for the season. in lsl6
sxcesd these for the season Of 1884, $9ooo7e 49,
The debt Of the general fund ID annually
beyond the power Of lie revenues N they are not
,llua to the current charges upon the fund
The debt charged upon the fund was s the close Of
hi. debt, At the clos. ofihs a;cs year is4l =
Uhowing an increase, within the year end.
ing 30th September last, of e25l ,04l %
statement Of the liabilities of this fund for year
nd Of its means TO meet thsm shows deficiency Of
rose MEANS on the s0th September last after applying
pc whole balance Of money then remaining in the
Dry, Of $74o,isi 70. That has been borrowed
on and Is due to the other public funds
The Philadelphia money market is represented a.
pg in very contracted state and the offerings At the
nks for discount much larger than they are taken
rate ofintsrest out Of doors rangssrem 10 u
he Legislaturs Of Pennsylvania met Monday. The
ats Treasurer 10 exertng himself to meet the semi
nual interest due the LIST proximo, and there no
ubt but that he will be successful in doing So pune
ally and in full The people Of Pennsylvania have .
eat deal Of pride in promptly paying ths interest on
public debt Of the State, particularly was tho
ct delinquent ststs 70 resume and On account Of the