The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-07-24
COMMRRCIAL APFAIRs.


The stock market opened heavy this morning, and
prices were very unsettled At the board lions
we're limited but large amount Of business done
In the street There large sales OF Erie between
the first and second boards at ST. seller IL months and
S. seller month"; and there more activity In that
fancy than in any other In the list At the FIRST board
Reading Bonds advanced per cent; u. s. O., 1867,
"a; Erie Railroad fell OF Y per cent
At the second board Erie Railroad declined !. per
cent; Reading Railroad u; Harlem active at
prices current In the morning.
The receipts at the Office Of the Assistant Treasurer
Of this port to day amounted to ss7,7a,; payments
s27 $50 %; advices 5000; balance s1.3s2,e7o 90.
Money be obtained In any quantity at per cent,
and the best business paper can be negotiated easily at
= per cent. Government stocks are not In much de-
mand at present prices and there IL disposition TO
sell than to buy. Capitalists are In great quandsry
Whist to DO With their money they not disposed to
buy stocks at current rates and they very unvi
ling TO lend money the reduced rates Of interest,"
There must bea change in this state OF things
The Boston money market has become little more
stringent Prime business PER ranged from to
Per cent The banks calling in their loans on
demand aud the calls for money for railroad purposes
hsa not diminished wAich tended to keep up prices
out Of doors.
The receipts Of the Morris Canal Company from the
commenc Of navigation up to the 14th Of July,
1t4q amounted TO s3I SIS 80 against - fer the
corresponding period in 1898 According TO this there
has been thus far this Of 81 CAB ol
The Directors Of the Norwich and Worcester Railroad
Company have made report TO the stockholders, for
the year ending June 1sso, extracts from which We
give for the bcneft Of those interested.
Norwrcu ASp worcEsrrs R.rLno.p
The total Indebtedness Of the compsny, on
the 31st May 1885, wss-Gross debt. 81 4ts2o SO
Deduct gross ssse's.. '''''''''''''''' sVSio 20
- a, ,-.s,o =,
which has bcea reduced
By sale Of steam boats. tl3I ESQ 90
" surplus lands. s6s6t 50
engine Of Atlsutic. 1000 90 -
ard application Of earnings b2Os2 02-23f COG 81
showing the present Indebtedness (Hsy 81, lsieD TO
be-
Gross debt l. soI a2s 81
Cfess sesets... 1sl4l4 a.
net balance ..Sit1e,s1t 10
when the ssle Of the residue Of the surplus lands
si have been made Negotiations for which are pend
ing and will probably be effected during the present
yearJ there viii he further reduction OF s54 o.
The company Of 500 shares Of the stock
81 the Worcester and Nashus Railroad Company This
stock they propose sell. aud II this is done ts
eceds viii be applied 60 the stil further reduction Of
the debt The least which they expect u ostsiu
for the stock IL Sls7 500.
The balap Of Indebtedness ofth company viii then
| be reduced to ss5s2ot c3
The Ertensiop Railroad, from Norwich IN Alyns
roint seven miles the company will probably dispose
Of within the coming In connection with future
arrangements ~ith the New London. Willimsntc aud
Palmer Raiiroad Company. nov being constructed.
The prceeeds Of IBIS SALE viii reduce stil furtbsr the