The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-05-10

a. comparison of prices current at the close of the
market yesterday with those ruling at the close of the
previous week, exhibits improvement in Ohio 6s Of
4 per cent Kentucky e's, u Farmers Loan, n Can
ton Company pa and decline in Indiana 6's, Of u
per cent Reading Bonds, Reading Railroad Bonds
u; Reading Railroad, Harlem, Il; Long Island, 4 ;
Morris Canal, rs.
The comparative market value of the bends and
stock of the Reading Railroad Company is matter Of
considerable comment. The bonds Of the company are
selling at twentyeght and thirty per cent below par
while Its stock only ranges about twenty per cent below
par, showing greater depreciation in the bonds than
in the stock Compared with other companies the stock
Is either too high the bonds too low The bonds of
the Norwich and Worcester Company are only ten per
cent below par while its stock is fifty per cent below
par. Harlem Bonds only five per cent below par
while its stock is fifty per cent below par. Baltimore
and Ohio Railroad bonds at par while it's stock is
hfty-three per cent below par.
The negotiations which have recently been going
relative the sale of Reading Railroad Company bonds
to liqudate its floating debt, have fallen through in
consequence of which the bonds payable in 1850 have
fallen back to seveptytwo per cent decline of three
per cent The probability ut time of the arrange
ment proposed being perfected, had favorable inHu-
upon the market value Of the stock but the ad-
has been lost since the suspension Of negotiations
and the probable failure of the contemplated plan for
the removal Of the floating debt
The receipts of the Norwich and Worcester Railroad
Company for the month April 1916 and 1s47 we're as
annexed -
NoRwIcH AND WORCESTER RAILROAD
Receipts In April, le46,. .$l9,689 %
Receipts in April, lsE.. al,l3O 81
Increase in April le47:. ......... $l,44l %
The fare to Boston, up to the LIST of May vedol-
lars. Since that time it has been four, reduction of
twenty per cent. What effect this will have upon the
receipts is yet undecided unknown The charges
are the oil the routes and from Boston
There is very little prospect of improvement in the
financial affairs of this company with such limited in
in the receipts exhibited in the above state.
ment The company is incumbered with debt beyond
its ability to bear Its losses in steamboats, within the
past year-the loss of the Atlantic and deprecia.
ton of others-will swallow up the surplus earn
ings Of the next five years. II there should chance
to be any The actual travel this season has been
considerably less than asthgher fares having kept up
the receipts-and it is not only compelled to run in
competition with Of the best appointed routes to
Boston-the Stonington-but with other new ones cal
cuated to diminish the revenue and materially interfere
with its prospects
There is not railroad and steamboat route between
this city and Boston, depending upon its share of the
through business between the two cities dividends
that will ever realize In the of another
year. two new routes will be opsned-one this season. via
Fall River, and one next via the New York and New
Haven Railroad and the travel will become 30 divided
and distributed, that it will give very little business
to each and that little will not pay amidst the CONNIE
ton which must inevitably exist between the various
lines