New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-05-20
COMMERCIAL AND MONEY MATTERS.
70, Sole. qf Stoas,, Sc. see FopJa Page.

FRIDAY May Up II.
The stock market continued buoyant to-day aud
the market was rather active. The iances al i'm
proved and the sound stocks also higher. Trea'
sury Note, sold al o. and Government, skies g. at a
At the second Board the marke, scarccy SO buoy
ant and Treasury Notes sold al o. The panic in Nor
wich appears TO have subsidized and the market mpro-
we'd 70 y The panic originally in this stock with
GU, foundation and the large amour; OF stock which
was anticipated has not been thrown the market the
quotation win probably continue to improve
In Bills the market remains without c' anse ana
wthou, activity. Sterling ranges from 10 70 per ''
There is rather more doing iu Freig"tS' D'' '''
principal lots offering provisions Con i''i'''
gagemcnts Of Lard. Pork. Beet &C were N"'' 10 80
al5. 70 Liverpool 80. to London and @'' 10 u'so"
Cotton is ld532d and shell Com 3D. VAIN some
Offering.
Tho Nonba,fan Fire Insurance Company has
declared a dividend Of per c. Tic Dan" ~ "e"!
burg dividend Of per cent.
4 list Of failures in the United States has been
opsn.bo.3 recently. Tho -. Thompson, announced
m that u., a, having failed il Jon"than 1homp'on
e,,,,op Broker and Commission Merchant Of south-st
aud NOT John Thompson Money Broker and publisher
of the Baak Note Reporter.
Tho Cheshire Railroad has been opened from
Ashburnhain 10 Kocne, n II.
We learn that one million eight hundred thou
s.nd dogars in Reading Bonds have been pledged by
Yen pcrsons for conversion into preferred stock
~ present the position Of the Road is this
Cap.fal ,lJy -
OF vieh the stock IS. s3si3siO 90
Tho deOts. ....--..--. ~ .
sI2&JG559 s.
shou!d the proposed arrangement be made, the
stock viii be....-......- .s1,93f-J40 90
The debt only. ........-.-.. 42@Oi9 %
sl2236559 s.
OF which stock $4,000 is preerred-thot is, II viii
viii receive per Ct interest before the other stock
holders control dollar and when they (the old
,ockholdcrs) shall receive the dividend share
equally in any surplus. Heretofore the immense in
cI.a.e Of the tonnage passin. the road has com
PEELED the D.re,to to use every available means 10
obtain additional and engines. wharf ROOM sdincs
60 and has absorbed all the benefits OF the lat two
wears amounting 10 Ss37O)0 beside adding to the
capital The result is increase Of one hundred per
cent in the income Of tic road within thst time and
tho ability to pay upon the whole capital OF stock
and loans, dividend OF u per Ct II Tie conversion
Of an the Bonds is effected. i is confidently believed
that tie payment Of cash dividends on the stock
commenced in July, 1910. A. The commencement OF
ls year the Coal trade being very dun the business
Of the road fen Oh somewhat but since thon it has in
creased and the prospect now is tina, for the year It
~il July equal, II not surpasa, that OF 1871
The Lelieh Coal and Navigation Company have
declared adiyidend Of 33i pes ct. payable in Coil On
the four years back interest due the 1t OF April
This Canal extends from EastOn White Haven. The
work. have been improved and the business Of lat
year shows increase of about % per cent on the
business Of the previous year The entire tonnage as
year 7969l tons the tolls upon which was S3lO566
ne report mates corresponding increase Of bust
the current year though the years business closed
with large stock Of coal on hand The net profits OF
business for tho year 1871 sJ75 AS bcn.
over interest and repairs OF sls5f79 and improve
ment, compared with the result Of lsl6, of Si3i7.-
Tho following exhibits comparative yicr Of the pro
FITS in 1913 liza loij lsiG and l5i7 the items Of
coal and tolls and the OF interest which fell due
IN each Of those years:
l8A3. 1914. 1045. 1e46. 1947.
Coal and tolls ,2lr 4y- 30 ~ i1g54 $50 -O3 JI{Oo9
Interest, 3Oi, COS 2)o, l91 2i-,92i 1O6O3l2sIO3O
The debt of the company s - 1903 against 50 1913,
g7s last year, showing an increase Of S-6O3j.
Mr.. ;. V. Mcuick, President Of the Central
Pcnnsy vana Railroad has Published statement Of the
condition OF that road which represents it in very
favorable situation Tho payment OF interest to sub
scrbers during the building of the work is having
very favorable ciect The estimate for the road con
tnuous from Pittsburgh Harrisburg leaving out tie
mountain road to DO made hereafter al an expense
of two millions dollars is follows