The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-21
COM MERCIAL AFFAIR s.
MONEY MARKET.

The stock market opened heavy this morning, and,
with the exception Of Farmers Loan, the fances
rather quiet. At the FIRST board, day Indiana fell of
y per cent; Illinois es al Reading Railroad q; Erie
Railroad advanced 4. The demand for Farmers Loan
has been principally from the bears for the falhmsnt
several very large contracts made time since
which falling due. Reading Railroad shares
have been in active demand for several days past from
the cause but the bears have supplied themselves
with al they want Of both of these fancies and the pro-
liability is that prices will sink in the absence Of pu
chasr 1t is stated that the regular annual report Of
the Reading Company will show steady increase in
the construction account since last July and
unavorabe state Of things than appeared in the report
Of the agent Of Eastern stockholders.
There fair demand for sterling exchange to-day,
for remittance by the packet leaving Boston morrow
Wednesday and drawers made further concession
in favor of buyers The closing rates for the best bills
on London were OF per cent premium.
The Bartlett Mills, Of Newburyport, have declareaa
semannual dividend OF three per cent and the James
Mills, of the place dividend of three per cent
The value Of merchandise imported into Boston, for
the month Of October, ls49, s20os, s52 against
S15s6os7, for the month in 1s4s. For the week
ending Nov 18th, the value of exports was 2o4 81
against 1918 2e4 10, for the same week last year.
The receipts Of the Galena and Chicago Railroad for
August amounted to s27la IL September, s4,272 IS;
october, 81 1o4 o. The income Is pretty equally d.
vided between passengers and freight.
The receipts Of the Central Railroad Company OF
Georgia, for the month Of October, were S7s755 10
against s6s5lo 81 for the month last year. show
ing increase Of sl623s 73-equsl to about twenty
ak per cent The amount received from up freghts Is
fifty per cent beyond that Of the correspond
ing month last year while the passage money up and
down exhibits handsome increase under the reduced
rates.
We hear great complaints from stockholders In the
Ocean Steam Navigation Company, In relation to the
management Of the financial aairs Of the It
is now more than two years since the capital paid
in and the line went into operation and report has
been made Of the earnings aud expenditures of
the company and the stockholders therefore remain
In bssu ignorance OF the value Of their property
the prospect Of dividends The Washington and Her.
mann have made many very profitable passages to and
from Southampton and Bremen, and we have It from
the highest authority, that they have than paid
expenses their most expensive voyages II that is
the case-and do not doubt it-there must be a
large surplus Of earnings somewhere, and the stock
holders would like to know where II Is, even IL they
deprived Of the pleasure Of a division
The recent meeting Of the stockholders OF the New
York and New Haven Railroad Company was probably
Of the greatest fsrces the Kind have seen
reported. The proceedings and the result such
that net surprised the management wished TO
mittee appointed to investigate the Affairs Of the com
psny and TO examine the report made in August last
by the Board Of Directors read and accepted and
Il s Of the most curious and extraordinary docu-
ments any committee Of investigation msuufaetur
ed to cur knowledge. IL H. In fact neither thing
another Il has neither head or tail beginning or end
but is in fact Of those mysterious affairs fire..
quently exhibited in the management Of most Of our
railroad companies We cannot do justice the report
4 -.
just az Il came from their hands -
Nav YoRK AND NEw HAvKN RAILROAD.
Rspsrf If the Tnresfigafine Committee.
That Immediately after their appointment they COM
menced rigid scrutiny not only int the present
dition Of the company but also into all matters inte
resting TO the stockholders from is commencement to
ted by the directors and eficers and a careful aud
attentive examination made by the committee. In
regard 70 these, the committee acknowledge they
full and complete in every respect: every Transaction
matter how trivial IL clearly and infinitely set forth
The receipts and disbursements Of money have also
commanded their particular attention and in no case
have they discovered any transaction that will
bear the most thorough investigation
The committee have further than the resolution
Of the stockholders seems TO authorize.
They have received interrosatories from individual
stoch holders relating TO the Affairs Of the company
which charges, implied specific have been made
sgainst persons connected with the construction and
management Of the road.
In these the persons referred 10 have appeared
before the committee and answered fully all questions
Nothing. however. wss eei,sS in these exsmI,a.
tions that substantiated rendered probable the
charges made
The committee would submit detailed report Of
these interrtgatories and (which would
brace material charge insinuaon against the
management of the company did they not believe q
report Of this character might contain matter that
hereafter would embsrrass the business operations Of
the company and be to the interests Of the
stockholders
To give in brief idea OF the extent Of the inves-
LEGATIONS entered into by the committee they submit
the following list Of the most Important items that
have received their attention, viz
1st Contradictions now existing, and those that
have terminated.
I'd Alterations and construction OF grades, curves,
embantments cuts and superstructure.
Sd Dispensing with chairs In laying track.
4th. Changing the line Of the road at Bridgeport
9th. Amended line ct New Haven
9th Location Of the Harlem junction.
9Th. Lease 81 the Canal road
Sth. Purchasing the right ef the Washington bridge
9th. Contracts with the Bridgeport stesmb boats.
10th Contract With the Hartford railroad.
18th Change In the weight Of the rails
18th Purchase Of locomotives.
18Th Employment Of MIR. Mason, instead Of Profess |
sor Twinipg
14th Alleged connection IF contractors with dirsc-
toisaHd officers.
18th. Alleged unemployed funds and unnecessary
calls Of stock