The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-08
CON NJ ERCIAL AFFAIRS.
MONEY MARK EFT.
Monday, Feb. =


The stock market opened firm this morning, and for
Monday prices were we'll sustained At the first board
Kentucky 6s advanced per cent; Pennsyvania IS,
Canton u; Reading Railroad q; Morris Canal, n Nor
witch aud Worcester fell OF Il; all others closing ut
prices current Saturday.
At the second board Treasury Notes improved u per
cent; Canton u, and Morris Canal, 4; Harlem fell of
H. The tendency of prices Is upward and there Is
not much doubt but that the principal fanoies will
reach higher points than those ruling. Every
thing in the stock market indicates such results Money
Is decidedly easier. Government securities steadily
advancing in the Of demand another loan
the banks liberal in their discounts and the
outward current of specie has entirely ceased In the
face these bpgs do not how prices for stocks
can continue depressed 1t would be well for the bull
to be careful and not ahead too fast Themselves
involved to deep in any cornering movemen slow and
steady Improvement Is the most permanent, the least
subject reactions and consequently the most prota-
bic
The Albany Exchange sank has declared a dividend
of three half per cent for the last Elk months
bic on the 9Th instant.
The Commercial Bank of Rochester has declared q
semi annual dividend Of three and half per cent paya
bic on demand.
Every citizen is less interested In the compile
ton and prosperity of railroads. and all other works
internal improvement connected directly with this city
Consumers Of agricultural products interested in
reducing prices Of these articles and these works
tend to cheaper every variety Of food than
thing se except excessive production they OF vital
Importance ALL Stockholders are of course interest
ed in any movement calculated to increase the produc-
tivenes, Of these works. and watch their progress
closely.
The only railroad yet directly connected with this
city that connects this city directly with the inte
Il. IL.
terminating at present. at somers the southern edge
of Putnsr, county ftyfour miles from the City Hall
The receipts of this company in the month of January
in each Of the past FIVE years, were as annexed -
. New YoRK, HARLEM AND ALBANY RAILROAD.
Sana OF sa lo Ss sss s s 's
We have gone back several years for the purpose Of
showing the large per cent ncresse that idea may
be formed of the extent Of the future income Of the
company. For the first six days in February s4s the
receipts 1926 IS against S273s To- for the
responding period In ls47, showing increase Of
SSsS I6 This under the circumstances very fatter
ing the increase Ia equal to about thirty three per
cent The increase in January, this year. equal to
Atty six per cent When made up thu yearly state
ment Of the receipts Of this rosd 1t appeared that
increase of fftythree per cent ths rec.ipts from
January LIST to June lst lsl7, would make the aggre
gate income for the year ending June lt ls4s three
has exceeded the necessary amount three per cent and
there doubt but that the remaining four months
will EXHIBIT results equally favorable The management
OF the trs department Of this road In better
hendc and under existing circumstances its finances
in as favorable condition as could be expected
Since the percent President into power the affairs
of the company have been stra ghtened and brought
out Of the confusion into which former msnag ements
had placed them and system has since been preserved
in the expenditures and receipts before. We
at all times disposed and anxious to give credit
where credit must that until within the
year. knew what the actual condition Of this
pany We do not point to any particular board OF
directors to any particular President of the board
the misnanagement has been spread long period
and distributed among many boards Of directors The 10
port which emanated from the present board early in
It's administration was ladvised ipjudioious and
unfortunate affair 1t unoslled forand what is
incorrect and actual condition Of
the company Had IL been correct It would have been ILL
timed as the of the company for such
long period previous % that time, had by ne means
placed the in position to be published The ef
feet Of that report OF much upon the market
value of the stock upon the indebtedness and pre-
vented the contamination of which would have
placed the debt of the company that IL would have
been out Of the way for many years, and all the nan-
cal difficulties and endorsements removed The
psuy would not now be aboring under the difcuties
the management daily experience financial affairs
had not for that report There railroad in
the country, having floating debit withou. large sur
Plus ia hand lhst could meet it's payment without max
u new loan. Most of the bes. dividend paying
sies would have to pass dividend to pay floating
Aebs of sny amount mako new loan, and the Har-
i'm courony not only paying the expenses of ruu
sDg their gosd tbs interest promptly on thsiy debt bot
ase expanding annually cue hundred Thousand dollars
~ extending the road towards 10 aas1 t''niassion u