The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-06-01
MONEY MARKET.
Monday, May 3l16P p. M

The stock market opened rather Arm to-day notwth-
standing the miserable vlainous weather It was the
best blue Monday experienced for long time Several
fances improved fraction. At the first board, Harlem
advanced per cent; Long Island Il Reading e Vicks-
burg y; stonington u; Canton u; Reading Bonds u;
Norwich and Worcester, Pennsyvania SIS, Morris Canal
and Farmers Loan closed at prices current on
At the second there sales of Long Island to
extent advance Of per cent, on prices cur
rent in the morning also improvement In Norwich
and Worcester Of ~ Stonington a; Canton al Farmers
Loan u; Vicksburg fell of u, and Morris Canal III Read
ing and Harlem closed steady.
The new board Of brokers commenced operations to-
day. 1t will not be so public as the last board.
There a fair demand for foreign exchange to-day
for the Boston steamer and quotations contnae firm
Prime bills London We quote at 6Aa7I premium;
Paris Of 30 q 5f2s% Amsterdam asi4 39K; Hamburg
35Z SO; Bremen 7sA a7sH
Wall street for some time past has been considerably
agated by the reports &C., which have been very free
y circulated relative to the condition Of the Reading
Railroad Company So many contradictory representa-
tions have been made, that have been induced to
examine the official reports which have from time to
time been put forth by the company in order to
tain the real state of the The nexed state
ment is the result of our Investigations
The capital stock Of the company the LIST of Dec
lsl5, 40 400 sharespar value So 100000. Dec ls
ls46, including stock dividend $40 sharepar
| $3,432o0O According to this, there has been in
of capital Of 4a0o in the year ending Dec
| LIST, 1916
| The entire indebtedness Of the Reading Railroad
Company according to the last three reports was
| nexed:-
READING RAILRoAD-AMorNr OF INDEBrEpsEss.
1914. Dec. LIST. ............. 1889 33t
1896 Dec LIST. ............ l3s9,S9i do I,25l,Iei
Increased Indebtedness years. 50 200 $40
The receipts Of the road In the period included in the
above table, have been 900 1885, which has all been
expended the and which added to the increased
indebtedness, makes total expenditure Of S. 1885,
in two years. This Is an enormous outlay, and makes
this the most expensive roadin the country without
gard to length.
In order to form estimate Of the probable result Of
the business Of the present year. necessary to give
comparative statement Of the tonnage and receipts in
the previous two years The coal transported in the
year ending Dec 1885, 279 tons which yielded
aggregate of $3.50 939; in the year ending Dec
lst ls46 the transportation of coal 1888 26s tons
which yielded an aggregate of $l,SOo,667.
The business Of the past three months has been
| follows
s F Me1ss pr R Hs,sl months
cc oa Receipts ss es sss ass
According to these aggregates the company received
the above three months O per for transporting
| coal from the mines to the depot at Richmond. We
have not the date at hand for comparison with the
prices of former years. bat II s impression that Is
considerably below the rate ruling throughout last year
The receipts per ton in 1885, made out from the gross
receipts and the gross tonnage, given in the Official
report of that year. 81 TO- and in 1885, from the
authority 81 IS per ton showing in each
year the receipts per ton thus far this year 1t ap
pears by the returns for April 1885, that the tonnage
transported that month l000l8, and the coal
ceipts SlO97 O3 while the returns for April l847 show
transportation Of l729 tons Of COAL the receipts from
which $lll500 increase of H. IL sof coal
| and 81 1877 in receipts.
This view of the state of this compa ny
far judge from the annual Official reports and
the monthly returns since last November There is how
another matter connected with the indebtedness
Of the company which Is rather important and should
be satisfactorily explained. The company is charged
with issuing bonds Illegally to the amount Of three
millions Of dollars In the report, dated January -,
ls47 the only bonds mentioned, payable in 1885,
issued in 1889 and no. Of which $2l70,500 dollar
bonds and f09 900 sterling bonds There is mention
made of bonds bearing date july 1874 payable In $780,
Of which at that time in existence
cording to the reports current in financial circles
The motive for issuing these bonds represent
ed them has not transpired it supposed
that the anticipated endorsements of the company
induced issue that could be legazed by the legsla
tive act of April ls45 The increased indebtedness Of
the company, exhibited above, within the past
years. shows that there have bonds
illegally, will be determined by the bill recently fled
| for injunction.
We annex usual table Of quotations for the prn.
| cpa State and other stocks used for investment
Prices OF s srGoKs IN the New YGsn MAHKrI,
Rat. h obie ri Ri1 o. Nal is1 ,is,7;;