The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-01
% M M ERClhL AFFAIRS.
MONEY MARKET.
Wednesday, Oct. 81

The stock market does not change much from day
to day either way This steadness in prices operates
to the advantage of the bears than the bulls
fact the bulls do not gain anything by It, The inte-
rest account Is hourly rolling up against them and
the amount they have invested in the fancies 1t Is
small item The slight variation in prices hardly
worth noticing but the sales fuctuate considerably
To-day the sales Of Farmers Loan and Harlem we're
arge and it will be by the transactions reported
that only lot Of each sold for cash all the rest
on time either buyers or sellers option.
The experience Of the past three four months Is
enough to convince the bulls that the fancies are
doomed; that 1t is impossible to them down PEG
Pies threats they have been in former years aud
that the quantity in the market large is is less
than it will be three six months hence. 1t lisa
Of considerable satisfaction to u.s. that have
been instrumental in opening the eyes of the public
the real position Of the companies known f,ncies;
and before through with these concerns, the
bull spectators of Wall street will find that they will
have the whole issue Of shares in their possession
without market for the first lot II the direc-
tors Of these companies consider il good policy
to put forth doctored reports, from time to time,
for the purpose of deceving the public and drawing
1t into some scheme they may have in embryo can.
not help IT. but 1t is duty to unmask the matter
and present 1t In its true light The latest Of this
kind is the report published by the Harlem Railroad
Company, which is, without exception, of the
foolish attempts bolster up the credit insovent
concern have met with for long time. The re-
ports of the Reading Railroad Company are modest In
their way any company that wishes to mystfy aud
deceive its sockholders but the report recently issued
by the Harlem Company Is such an abortion that Il
will actually prevent what the management might
otherwise have accomplished viz the negotiation of
loan for the additional cost Of the extension
There Is not man in this community who would
lend that company dollar upon the strength Of that
report with all It's favorable Gale uatons and estimates
and the actual condition Of the AFFAIRS Of The road
known its creditors would labor under nppfehen-
fons great those experienced by the old stock
holders.
10 IL strange that directors in all railroad
panes do not see the advantage Of taking the bull by
the horns coming out AZ once with full fair and
honest report no matter how bad IL may losk long
ss u Is true aud faithful and shaw the stockholders
what the real bona de value Of their property h There
g. not shareholder Ia the country, who has purchased
tie stock for permanent investmeut but that would
be better pleased with such statement than with all
the Manufactured, polished reports the greatest adept
In the business could get up II must come 70 this.
We must "trip these aunual seuii.annual. monthly
reports those issued ct any time any par
ticular purpose, Of ell extrsueous matter OF al est-
mates and calculations and present nothing but what
Is at the time actually kaovn aud definitely settled
Above all things that grand sewer, that capacious
reservoir, construction account" mus, be separatei
from all others, and stand upon its basis. We
thould then different exhibit Of surplus net
revenue; We should then end that the running ex.
penses OF all reads much larger than gene
rally supposed and that most q the dividends declared
were nearly 70 much added 90 she capital OF each
The receipts at the Office Of the Assistant Treasurer
sfthis port to-day, amounted to fitl7c; payments,
s123 900; balance, S3,7S2sOO
The steamship Niagara for Liverpool, carried out
SlS7 2ls In gold The market for sterling exchange
closed firm ct highest quotations. notwiths,snd-
ing the Increase in the supply Of bills Tho best names
sold At 10 a 1ok per cent premium.
The Hank % the State Of New York has declared a
ei,idend OF three and half per cent payable the
10th u November.
The Brooklyn Union Ferry Company have declared
dividend Of three aud bali per cent payable on the
Let q Novsmb,r
The annexed comparative statement exhibits the
coalition Of Incorporated and associated banks Of This
city The morning Of June Goth, and September ga
1912 socof ling 70 The returns received by the Comp
trcller.-
r..