The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-12-30
co n N ERCIAL AFFAIRS.
MONEY NIARKET.
Friday, Dec. 90

Friday, Dec. 29-G p. M.
quotations for stocks vary slightly from day to day,
and the saes are only to q moderats extent. This
attribute to the season, than anything else,
very little disposition is exhibited to make con-
tracts of any kind until the commencement of
new year The market is therefore quiet, and prices
unsettled the tendency however, is upward At the
first board, to-day United States 6s, 1885, advanced
q per cent; Pennsylvania 5's, u Harlem y Erie
Railroad, new, =. Farmers Loan fell off u Morris
Canal -. There sales Of North American
Trust at an improvement of per cent pre-
sious sales, and Of Hudson River Railroad ct de-
cline of per cent. The severe snow storm that
set in early this mornn had tendency to limit out
door transactions.
The Seventh Ward Bank has declared semi annual
dividend Of four per cent, payable I'd Of January.
The Tradesmen's Bank has declared semi annual
dividend of five per cent payable I'd of January.
The Morrs and Essex Railroad Company have dc.
elared a dividend, of one dollar and fifty cents per
rhare, pay able January4.
We have shown from semi official documents, that
the financial resources of the Erie Railroad Company
have been completely exhausted by the completion OF
n single track to Bipghampton distance Of one hun
rea and forty six miles from the western termnu of
road constructed by the old company which in
running order before the present board into pow
or. We have shown that more then eight millions of
road but we have not shown how that immense
amount has been appropriated. That is an important
matter for the consideration Of the stock holders
all the light that be thrown upon 1t will, doubt
be very rtable.
We have before advertisement, published in
obscure weekly paper in the interior Of Pennsylvania
dated Nov. Is, 1s4s, and marked for insertion one
week from which make the annexed extracts
LIMITED PARTNERSHIP,
Zder Tie net Of the Legislature passed March 21st,
1886, ard ne RESOLUTIONS dmendatory thereof passed
.1prfI 10Th, 1895.
Notice Is hereby given this. limited partner.hip
yfsusnt TO the laws of this state relating tc limited
partnerships. has been formed by the Subscribers:
That The name or hvnl under which SUCH Limited
That the general nature Of the business Intended to
be by the said partnership Is that of mining
coal and iron the manuactnre Of iron, and the
sale thereof and buying and selng goods, aud
merchandise and such Other business may be requi
ite necessary for conducting the same apperain
ling thereto.
That George w. Scranton, Joseph II. scranton, Sell
den T. Scranton and Joseph G.. Platt, all Of whom
and state Of Re nnsy vania the general partners.
Here fellows list of special partners who have con-
tributed t. the stock aggregate capital Of
S3270C0.l
That TIE said limited partnershp is TO commence on
abe first day Ct November in the year one thousand
Weight hundred and forty eight, and will terminate on
Me frat day Of November, In the year one thousand
eight hundred and ffty-eigbt
Dated at Lackawana Iron Works In Providence
township Lu2ernc county, and State of Pennsylvana
ahe first day Of November lStS.
fSigned,by the general and special partners.
In the list Of special partners find the names Of
ays directors OF the New York and Erie Railroad
Conrany, who have contributed towards the special
.cartcl, narned in the advertisement the sun OF
$4,000 This Is sufficient 10 show the connection
between the railroad company and the partnership
eompauy and that is ali wish for the present Now
It issour intention TO present remarkable circum'
stance which happened at the time this coal ana iron
mining company was formed, upon which Its suo'
cess almost entirely depended-dt must however De
Borne In mind that 1t formed long before the
\ time named In the advertise meutl We refer to the
,contract between the railroad company and the iron
and coal mining company: for the manufactur' ana
delivery OF ten thousand tens Of railroad iron at
rixty.seyen dollars per ton. This may be nothing
more then a usual event in the way Of business,
hut IL looks very much like an arrangement made
through the influence Of the special partners oil
ahc manufacturing company, with the railroad
company The individuals referred to have an
undoubtcd right to become general or spcc"'
partners in as many coal and iron mining compa'
mics rs they please; but have they right TO eV"'
N,hemseives Of the position they have been placed
a. by the stockholders of important railroad 10