The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-10-27
col N ERCiAL AFFAIRS.

Friday, Oct. 2G-G r. M.
The stock market remains about the same as pre-
viousy reported Quotations for fancy stocks do not
vary much from day to day. but they slowly and
steadily settling down. Harlem appears to be the
heaviest fancy the list and sales have been made at
49h, seller IL months The bears disposed to sell
any the fancies long time at prices varying from
one to per cent below those current for cash. but
there are few buyers these terms Erie Railroad
stock is improving little under the prospect Of the
January dividend. The company have we believe, Dor.
rowed money enough to pay the dividend in cash. and
80 long 1t has sufficient credit to borrow 1t may
tnue pay the dividend in cash; but the time is
pidy approaching when the company will have to issue
stock in payment for dividends and portion Of its
other expenses. 1t is the opinion Of parties pretty
well informed in relation to the financial condition of
the Erie Railroad Company that the semi-annual dvi
dend the stock payable the LIST of January next
will be the last that will be paid in cash. It
suggested by Of the directors previous to the pay
ment OF the last dividend that 1t be paid in stock in
stead Of cash and not settled that 1t should be
paid in cash until short time before 1t due. The
dividend due In January next viii be paid In cash, the
ma having doubtless determined to present
q bold front to the last. This adds at least
s2oo Geo in lump to the construction account, and
reduces the cash of the company to that
tent With all the financial talent employed by this
company in the negotiating Of its bonds certificates
&c; with all the skill exhibited in their concealments
and misrepresentation, and in mystifying reports
with all the silence that has characterized the manage
ment from hrs to last 1t will be impossible to keep the
financial affairs Of the u secret much longer
We give the management of all railroad companies
much credit for che with which they have de-
ceived the public however high. minded and honor
able they may be individuals, and however favorable
the feeling as regards their Intentions and personal
L. t,,tn tnla IT,. tt.l.
public acts as railroad directors. Msmanagement ex-
travssance and reckless folly the chief charges
against them sn, and in nine out of ten these
charges can be sustained thus far, we have bat
the begin ming Of the end.
At the fret board, to-day, Canton Company declined
q per cent New Haven Railroad, y Harlem, a; Far
mers Loan advanced 4 per cent and Erie Railroad q
The transactions to day, in government and State
stocks and bonds Of incorporated companies, to
some extent, while the fances rather quiet
There has been an improvement in the cotton market
since the arrival Of the last steamers news aud holders
ere firm at advance Of y cent per pound spscula-
tors have pretty idea, Of future prices for
this staple aud the probability lie that many Of them will
get used up before the season half SO much de-
pends upon the continuance Of fine weather throughout
the cotton growing section Of the country that 1t Is
exceedingly difficult to form correct opsion upon the
subject of supply but IL the planters have had such
weather have bad 10 this latitude, they will make
up large per cent Of the reported deficiency In the
crop. The planters should keep an eye closely on
the course CT prices and avail themselves OF those fairly
remunerating They should have the benefit Mt least,
of portion Of the advance and not throw the whole
of 1t into the hands of the specuators and there
fore We advise them to keep their expectations with
in moderate limits and realize when they can TO the
best advantage.
The wabash ard Erie Canal, when finished to the
Ohio river, will be s75 miles in length In Indiana, and
including the eastern end Of it, which lies in the State
of Ohio will be 45e miles in length, from Toledo to
Evansvnle-the longest canal in the United States.
The following comparative statement exhibits the
quantity Of certain articles received via the Miami and
Erie, aud the wabash and Erie canals, during the
months Of September, 1sls and 1s4o, at Toledo -
CANA COMMERCE or TOLEDO, Ono.