The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-09-04

MONEY! MA MK ET.
Monday, septe mber 30 r..

There + no new feature In the money market. Not
the slightest change has taken place in the supply
demand and We have, consequently. ne alteration to
make In last quotations hs stock market opened
tbis morning little more buoyant than We have OBJ
served for time past and the bears literally sup
piled the bulls with all they wanted. There was
siderable activity at the frat board and Of the
time sass were at tsllsrs option. This shows that
while the bears purchasing to fulfil their mstured
contracts they making at current rates, on
sixty and ninety days Government and State sesuri
tes continue much depressed
A. ths fret bard. to-day, Harlem vent up - per
cent; Reading Railroad. =; and Long Island y. We
have noticed lately larger sales q Hudson River Rail-
road stock than usual There several parties In
Wal ,trset Iious 20 sell this stock tins, but
cannot end purchasers and stil L. in way kept
out OF the market At the second board there
vatiniop In prices, Of consequence aud the trsnsae
tions only TO . moderate extent.
There has been = fair inquiry far sterling exchanges
for remittance by the packet leaving wednesday,
and the rates have been firmly maintained. We quote
the beet bills London NJ 81. 10 per cont premium
Paris 90 s5f 20; Amsterdam, 40 40A; Bremen,
Iss Tsi; Hamburg. % n35i4.
The Of specie exported from this port last
week, s4fo4oo all Of -hieb silver The total
sxporta'ion from January to September l. amounted
10 1887 O34.
The amount OF duties received ct Phiiadeiphis for
IN. month Of Augwt 1s4o. vas s3o7,5o2 rs against
ss5io2a rs for the mout IN In sis. From January
to September I. 1879 sitsi274 ~, sssiust s2iS7-
OIL So. or the period last showing decrease
this year - s16s7lT Al
Nine hundred sps one tons OF railroad iron belong
ing 20 the Dsuphin and suf quehanna Coal Company,
were landed 81 Baltimore fec since s4s
per Th, iron l. Intended FOR the 81 the road
this company 10 constructing through it's coal lands The
ad will be completed In time for the company to get
considsrshls quantity ~ its bitumpous coal to
tet before the close ~ slack water navigation The
win be about tlo ooc per mile which 10 within the
earliest estimates Of the engineers most srtrsord
nary Circumstance in this age Of railroad swndlinE
and sxtrsvssspce
The rapid depreciation in tire market value Of the
Bostcn ard Worcester railroad stock. has alarmed
holders OF railroad shares generally ard crested great
deal Of dstrut in the cement 81 all railroad
pors,icns. The Boston and Worcester road Of
the earliest linee constructed out Of Boston and lite
stock at time ruled high 30 per cent premium
and it's dividends averaged about eight per cent
per snpum IL has double track ito entire Iessth,
vssl branches and receives the business 81 the Mss
schusetts Western ard n lateral roads There
10 probably more traffic th- Western read than
any other In the country. notwithstanding which. It's
dividends have dwiudsd down to sir per cent and II s
ksid the read does that amount aud its
reh has fallen several per cent below par The pre-
Nnt petition 81 this company, compared With that IL
sceuried several y.srs since illustrates pretty clearly
the fact, that large business railroad Is evil
dsncs tf its prosvotivepess prosperity The fact
that this steck onmsbded at time high price In
the market is ne evidence that II 80 intrnsicAly
worth H. the fact that the company paid high div-
dsnds evidence that " esrned them We really know
very little about the setusl condition 81 railroad
companies and all Who invest In them d. 80 blindy
We have heard some Of sbrewdess capitalists re-
mark. that 9th t~o exceptions, not railroad
company In the country has earned the dividebds
they have declared Tims will test The truth Of this
,smsrk
From What have within the past t-o or three
years 81 railroad management re are convinced that
devclopem.pta will befor. tn. lspec Of many mouths
be made that viii open the eyes Of this community
wider than they have been since the explosion Of the
great bubbles Of 1897 and lsil banks, Insurance
companies real estate spsenlations, and . acssu
ctbsrs Of similar shsrsst.r have had their dsy,
and railroads must pas through the ordeal
before they become purified aud placed uyon proper
tssis We have repeatedly called upos the leading
railroad companies. connected with this city to give
their tail plp and eorrses.ports Of their
Affairs aud bs,eurgsd the stocahiIeys they val nd
their iu1cstmentsto intitate searching invsstiga-