The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-07-12

e o N N CIAL AFFAIRS.
MONEY MARK EFT.
wedne sday, July l,-G II,


The stock market rather quiet to- day; sales to
moderate extent, and prices without any material
alteration At the first board to-day Harlem declined
"a per cent; Canton advanced Is per cent. and Reading
Railroad a. There was no change in government or
State securities.
At the second board the sales confined princi-
pay to Canton, without any change in prices
The Hibernia, tor Liverpool, takes out s6,ois in
specie.
The receipts at the Office Of the Assistant Treasurer
of this port, to-day, amounted to Sg4 $780, payments
$40 "a advices, S47 900, balance 81 O0909i 95.
The Receiver of the Canal Bank of Albany ha. given
notice that he will pay his Office that city on and
after the 10th OF July instant final dividend of forty
cents on the dollar the circulating notes bills
said bank This, with the dividend previously de-
cared, pays the full value Of all tho notes or bills
issued by said bank.
The Brandon Bank has just gone into operation,
with capital Of $4,000, at Brand en- Yernont-Joau
A Conant President and L. Bixby, Cashier The bills
will DO received at all the hanks in Boston.
In the statement made a few days since, showing
the actual receipts Of the Harlem Railroad Com
pany for the fret six months of ls49 pared with
the estimates Of the company for the corresponding
period, we said nothing about the actual and esti-
mated expenditures. According to the estimates Of
the company, 1t appears the receipts put down
at S52 000 and the expenses at $40 OoO or about Al
per cent How the company arrived at this result is
question Of some importance. 1t appears by the
ports rendered to The Legislature by the company that
the expenses for the past three years have increased
In greater ratio than their receipts and If they con-
tnue to increase In the proportion before five
years shal have elapsed the running expenses Of the
road will exceed the gross income
NEw YoRK HARLEM RALRoAp-REcsrPrs AND
EnPEspIruREs.
Reeetps EIpenses.
1885,. 3lSo3s rs l93,4sJ ~ 6Os1
1t Is well known that the expenses this year-ls49-
will exceed any previous year The receipts In 1s4S
were em IS miles Of road while those for ls4o win Do
from 50 miles Of road The expenses therefore, will be
proporonstey large In the Of the gross income
this year reaching sac oo0 1t will average S5l22 per
mile, against S00ls per mile In ls4s In ls4s the run
ming expenses per mile averaged 5000 At the same
rate per mile this year, the expenses will amount to
t2so2is to be deducted rsm the gross earnings which,
from present appearances, will not exceed $4,000.
This viii leave just enough surplus to pay the eight
per cent Interest the 81 100000 preferred stock
leaving the interest the floating debt for
The large per cent expenses railroads is the
secret Of their rottenness and insolvency The stock
holders not benefited In the least by large and In
eressing receipts, as they in way another
used up in expenses Running expenses and repair ac-
count form the general reservoir into which the whole
Of the income goes-that Is, when the roads
trueted the entire length but when the roads are not
completed, construction account" charged With all
the Running expenses over nifty per cent. This
blss the management to mako favorable returns and
screens for time their extrsvsgsncc, or sonsthing
worse
The quantity Of -four wheat corn and barley left at
tide water during the last week In July In the years
ls4s and ls49, follows