The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-06-07
MONEY MARKET.
Sunday, June Go p. M


The stock market, during the past week. has been
moderately active and prices have in instances
advanced several per cent from those current last week.
Railroad stocks appear to be the favortss specua-
ton and for investment and the changes recently made
in the management and in the improvement inths traf.
fc have had very favorable influence upon the actual
and market value Of shares
The complete change made in the direction of the
Harlem Railroad, few weeks SINCE has given holders
more confidence In the ultimate value Of tho stock and
improved the prospects of the company very materially
1t is due to the stockholders Of this road that the new
board Of directors investigate the affairs Of the company
and publish fair and correct statement of its actual
condition at the time their administration commenced
that the result of their efforts to improve them may be
seen and duly appreciated.
The Stonington Railroad Company intend declaring
dividend in few weeks. THERE'S surplus of $4,000
on hand already for that purpose and dividend would
have been paid the LIST Of June inst but there was
small floating debt which the company wished to paw;
also to pay for completing the connecting link with the
Providence road before commencing dividends SO as to
have everything clear, and danger Of any defautQ
hereafter The debt Of this company been reduced
to four hundred thousand dollars which not mature
for several years. which can be provided for by sinking
fund long before maturity. The splendid new steamboat
Cornelius Vanderbilt takes her place in this line to-
morrow, Monday afternoon and in connection with
the Oregon, forming q line unequaled any route in
this country These boats must command the bulk Of
interior travel and the income Of the stonington Rail-
road must be very largely increased the receipts this
season, thus far have given the company surplus Of
$4,000 over and above the extraordinary expenditures
for extensions &c. that surplus must be very RAPIDLY
increased, with the steamboat line improved as 1t will
be by the addition Of the Cornelius Vanderbilt to the
route
In opposition to the Stonington Railroad, for the
through travel between this city and Boston, stands the
Norwich and Worcester While the income of the for.
mer is rapidly increasing the income the latter is
falling OF from one hundred to hundred and Gfty
dollars day. The Stonington has debt Of only four
hundred thousand and increasing business, while
the Norwich and Worcester has ebt of fourteen hun
dred thousand dollars, and decreasing business The
stock Of the former daily increasing value with the
certainty of dividend while the Of the latter Is
daily decreasing in value without the remote pro-
liability Of the smallest dividend This is the rea
tive position Of these two roads and posi-
bity OF preventing rapid decay Of the Norwich and
Worcester as through route to Boston Its local
vel monopozed and upon that must depend for its
ncome
The Reading Railroad Company, like every other bur-
dened with debt Is compelled to submit to
enormous and runous sacrifices to sustain Its credit
It is concern, and Its business and receipts
greatest difficulty the market value Of its bonds and
shares Is sustained. The monthly receipts large
larger those Of any other railroad In the country
but IL must be In ind that the expenditures are
In proportion ut Icns throughout the year. and arc
considered by many greater IN proportion to the receipts
than on any other railroad In relation to the iniunc
ton recently applied for learn that the company in.
stead meeting the charges made once so as to set
tie the point Intend putting 10 demurrer for the pur.
pose Of compiling he parties to file supplementary
bill The company have been Ill advised In this business
and II will lose more credit by pursuing such a course
than viii ,rsaftvr gain in the event Of the charges
made proving false What object the company NAV
have In view ~ sev'rg of ths Investigations the bAl
6led tor iIj elton must ultimately bring about we
do know, Il, Know that in arriving at Il. IL
will gain the shadow nd lose the substance There il
nothing Xix, sanog up boldly to the rack fodder or ne
fodder.
The annexed table exhibits the quotations for stocks In
this market for each day Of the past week. and at the
close Of the week previous Prices generally have i'm.
proved the pest week -