The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-12-14

CONNIE RClAL AFFAIRS.
MONEY! MARKET.

to day In the stock market were noS
70 large usual and quotations very unsettled
Some Of the fsncies advanced fraction while Others
declined At the first board Reading Railroad fell on
u per cent; North American Trust a: Erie Railroad
u. Harlem went up u and Portsmouth Dry Dock Y.
At the second board, Morris Canal advanced n DER
cent: North American Trust, y; Reading Railroad.
=; and Portsmouth Dry Dock,
There we're greater number OF shares Of Reading
Railroad sold day than Of s the other fanoies put
together, and the difference between the cash prioes
ard time. sellers option, than one per cent
During the progress Of . corneripg movement in any
sncy stock great difference in prices for cash. ana
on time. sellers option will varisby be observed and
the ult Of such operations is that who sell on
long time Invariably make the most money It 10 very
Interesting to watch the OF prices for fancy
securities as Reading Railroad bonds aud shares
In eighteen days bonds of the Reading Railroad
company to the amount Of two aud q half millions
OF dois fall due, with three per cent interest aud
the market price OF bonds sixty per cent forty
per cent below par Some of these bonds have been
converted Into twenty years second mortgage six per
cent bonds at par while the of others refuse to
make the concession upon the terms proposed While
the six per cent bonds Of the compsuy, which have
reached within eighteen days OF maturity with three
per cent interest nearly due them are selling at co.
find the old stock of the concern which has about
half dozen classes Of debts before It, selling at IS and
80 per cent. This IL mort extraordinary state OF
things, and We are frequently puzzled to know upon
what system the valuation Of the class Of &C.
curites Of each fancy company is made.
In another part Of this days paper. will be found
report Of meeting OF the stockholders Of the Mer-
chants Exchange Company 1t will be seen that the
finances OF the company not in . very favorable
condition, and hat the income from rents hardly suf
fcss to pay the interest on The mortgages
ha Snta tbao
Of this port to- day, amounted $50 54i; payments
$l3e01-bslance. So sl5 9e5
The aggregate value Of foreign dry goods entered a
this port for consumption for the year ending Deceu-
Der l84o $4ts74 800 Of whish stl $3.50 Os2 vera
In woollsn manufactures 50 ga 487 in cotton maui
factures $bOscsll In sik uuacture 81 S8s 651 in
manufacture, Of fax, and 3d. 1874 AIS miscellaneous.
The United States Insurance Company, Of Boston.
has declared q semi annual dividend Of per cent,
payable on Monday, the nth inst.
The Western Railroad Com pany has declared q
semi dividend of four per cent pa able on the
1st Of January 10 holders Of stocs the ssh Dcsmb
The receipts Of the Delaware Division Of the Pennsy
vania Canal for the fiscal year ending Deo lss were
$ls6i69 "a. The expenses ducios the same period
were s3z AT 70; leaving balance o; 5164 341 as The
annual interest the cost OF the work Is 500 S4
so that the surplus PROFITS for the sos 1s4 81
The tolls exceed those Of last year BY s2I GOT 40.
The Eastrn Cortland Argus, In speaking Of New
England railroads, says -" We have had q converra-
ton with very intelligent ipquriug, aud Observing
gentleman, who has larely paid OF some two or
three we-ks to Massachusetts and ceatra Nov Haup-
thne The account he s,vss u or ss OF their railroad
enterprises IL any hing hut We have our.
selves zone share OF that sh.so OF character
which s 20 cbsracteristic at Ne~ En- giauder, and,
therefore, we do not syDpatnis- much the genus
BREAKERS; The true tsnH--. h-wss.r, has not ooly
the 4" ahead principle In him. but he also that
be buds that course IssdiuE 10 n preciplce OF
fatal spgnry, the conservative priocipl. OF MS ma
turs sssum-s the eommapd snd ,ts,s his action
There Is growing pr that yearly one half OF
the rsiirosd com spirs In Masssnas.tt. Ne~ lanp-
SHIRE and Vermont sre insulv.bt aCd must soos be
bankrupt Railroads are srssdy cis---d ate paving
and nos paying roads spd the dfiacop bee outing
road mon-y svr,o-.a ~ -..s ~ .s.r,ous
iDterest 'ay 10 or ~ per cent and have that road
pay Ing road to the stockholders. /. all gauaion,n
The truth In relation to railroad thsir cost con-
dition, management, &C., ~ sooner OF later
when IL will be tina, ever thinx have stated
regarding the operations Of tho different boards Of d.
rectors vii be found correct ani u ~n also be seen
that have not exposed hs Of ,ity that
exiss and the rascsy that has psscised In the
aud mana cement 81 rsrroaIs. Railroad
com panies msy make dividends but not in one case
out Of i've are they earned gill os by the au-
nsIed statement of the cost gros iacons net Income
and dividends Of tue six esios railroads terminating
several J.srs. These statements made up from tbs
returns Of the year lsls
Boston and Providence cost So Io3; grs,s In
come IL per cent; net income pee cent; dividend
"a Per cent.
Boston and Worcester cost 81 $50 3ol; gross iuoom-
Is per ceut net income s pr cent O-ductug frsm
the cost $3.50 900 for d.pcab- lands not proIacins
income the per centase OF gross loo COS, Of
read, stations and qupmeot tn, End OF the year.
amounts to 10 per cent net income, per cent-d.
,id.pd, ~ per cent.
Boston and MsiDe-coat 80 81 s32; gross insoms II
per cent, net income 50 per cent; Vidsnd, sH per
cent.
Esstsrn-eost, including the Eastern road &, New
Bsmp,hirs, 80 tse4es ero.- income. 10 per cent not
income 81 per cent; disid-oc, pr orut.
Ftchburg Get 50 plb 6Si the gross iusoms Il no.
stated ,'psratsy from THAI ct t,s aud ds,a
rhuse'ts' Lexington spi Wet ambridgs aud Peter
borough ana shirley, watch ~.cs.d by that cor
porson under lase. The -ntir- osps, With the De
Suction a. the paid ,loB $50 which 10
suslo las per the ., the Fto hburs road;
he net Income be equal toes per e.st Dividend per
c.pi.
Old Colony cost, including Dorchester AMI Milton,
'm,rscsd in the income account ~ les g7 eros In.
'"me, 10 per cent; net iuoorn- ser cent rhs Old
Colony, from the conmpucem-o. IN. present. year,
ecs,ss the income Of the south shjfe Branch Divi-
d.nd 81 per cent.
"est.rn- Gust, including Albany aud West Stock
bridge SO toosl; incrmr il3 per cent; net ia
some ts per cent. Dividend p,r c-nt
u sill be seen that 10 zach Of s,o.e comrsaie.
b. dividends declared rsus-a from one "a two and
half per cent above the rspor 81 net earnings
III. returns OF crculstioz ~ the ir,sh sad Scotch
'anks for the four weeks ending 30 OF Novuber
net -h'n addei together. give the fsuosisg a. tia
average weekly sirceatOn Of tosss bssxs dasns the
mouth
average circulation % the Irish banks ... f4ss62fg
Neisse circuisticn Of the scotch csass... J2siT.O
Average circulation. ...............fi s37 90
On rsring the above with ths ax-i .sae- Of the
eversl banks, tn. fosins sppssrs be tas state Of
he circulation
rbe hish hants below th-i excl issue 5ss lst
he Scotch banks thsir nxsd i,sus ia sol
Total belo~ the hNed issue .........G aT3yso
h u.ts of ~ IL