The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-02-21
MONEY MARK EFT.
Saturday, Feb. 2O-6 p.


There IL no change worth reporting in the complexion
OF the stock market Prices Auctuae slightly from day
to day. but the sales not to any extent Morris Ca
nal fell OIL to-day at the first board per cent, Harlem
Reading u Farmers Loan up u, Long Island u,
Illinois Bank u, stonington r. Reading Railroad Bonds
closed firm at yesterdays prices.
Att second board. Harlem advanced ~ Morris Ca
nal y, with very moderate sales of each
Threes and fves of the Commercial Bank at Gratiot
Michigan, altered to Commercial Bank Providence r.
H. are in circulation. The altered bills may be known
by the following description The center piece of the
SIS Is ship, in circle under Gail; stuars Washington
the right end and railroad the left end The
3s have for vignette steamboat, ships, &c.; head OF
Washington on the left end, and female figure the
right end Plate engraved by New England Bank Note
Co., Boston.
Some idea of the number OF vessels Of all classes snga
ged in the anthracite coal trade, may be gathered from
the fact that nearly 5000 vessels average of
burthen each were Engaged in during the year ls4o
Vi the aggregate Of coal shipped from the different coal
regions, there was brought the Reading Railroad
alone, to tide water the Delaware 600 tons. At
the depot at Richmond the Delaware there have been
counted at time ninety vessels taking feghts
of coal for other ports.
The Old Colony Is now the only dividend railroad
stock in Massachusetts, below par Except this the Nor
witch and Worcester il the only New England railroad
nual dividend three per cent in July, ls45. The
net earnings in that year five per cent and in 1916
they were 1900, nearly per cent on the
5000 shares but the unfortunate loss Of the
steamer Atlantic swept away 5000 of it, and thus
precluded the possibility of dividend. Ih To-
cal business is good, and it will undoubtedly re
ceive large accession of business from the Nashua
and Worcester road building In the year ls46 the
stock was carried to high point by speculative
| ant EN~kv ~kk 1efo~ Al>1 ~
stock seld at g. and afterwards fell to a. is
much gambling stock as the Western road a few
years sincs and will doubtless, long, again renew
s dividends and take rank with its predecessors which
have passed through as gloomy periods
The amount of dividends of the Madison County Bank,
since it commenced operations, seventeen years ago. is
hundred and enty thousand dollars average
Of ten thousand dollars per annum the capital stock
The Judiciary Committee of the Lower House of the
Legislature of New Jersey reported in relation to the
Mechanics Bank Of Paterson that the officers asked for
an act restraining the dire from commencing opera
ons under penalties, till $50 900 capital be paid
in SPECIE specie funds and represented that
their intention to the business in good faith and
that the capital stock remaining about 400 shares
held principally in New Jersey 600 Of which belonged
to the bank and that they intend to obtain substantial
capital from citizens of this State and New York.
The majority of the committee did not believe that their
proposition sufficiently guards the public against fraud
and Encouragement that if banking capital was
needed at Paterson would be for the interest Of
the public to charter bank, under favorable
auspices. This bank would have the confidence Of
the public and not accomplish the purpose de sired by ia
friends and to grant their wish would be equivalent to
granting charter. without the restrictions
sary for the security fhe public they conclude by
recommending repeal of the charter The minority Of
the committee made a counter report in favor Of bill
granting the request.
The receivers appointed by the Legislature of New
Jersey superntend the Liquidation of the affairs of the
Pan6ed Bank have made the annexed statement of the
condition of that institution at the time they put
possession Of its assets =: