The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-03-03
CUMMt RCIAL AFFAIRS.
MONEY MARK EFT.


Friday, March 30 p. MI.
Tho stock market opened heavy this morning and
quotations for most Of the stocks In the list fell of
faotion The operations at the 6rst board were more
limited than have noticed for several days past.
Reading Railroad declined Il per cent Harlem, 4;
Long Island, y Morris Canal, ii Reading Mortgage
Bonds advanced per cont Farmers Loan, u Erie
Railroad, u.
At the second board there was more activity In the
market, and general improvement in prices Read
ing Railroad went up u per cent; Farmers Lean Y;
Long Island, u; Harlem, X and Canton Co. u IL
therefore appears that the snces only recovered
what they lost in the ming, but closed ct an ad-
vance on yesterdays prices There variations in the
market on the day. shows that the bulls and bears
are pretty closely matched; but the bulls gain .
little every day. The prospect at present IL dc.
odedly moro favorable for tho bulls than the bears,
and tho movements about being made to de-
plete the Subtreasury will, when contaminated, re-
lieve the money market and put further acoumula-
ton Of specie entirely out Of the question. We do
not look upon the proposition to anticipate the pay
ment Of the MEXICAN indemnity, due in June as being
calculated to do much permanent good as It will col N.
pei tho Secretary Of the Treasury call in the out
standing instame nts Of the last loan. It WILL there
fore, be broad as It long, aud must look to
other causes for an improvement Of any Importance
and commercial affairs in this country is the rssoon
that has taken place In Europe, particularly ia Eng.
and. The movements of specie to and the vaults
Of the Treasury department have very little inaue noe
upon the movements Of commerce; they are made
bugbear Of to ghten timd speculators for rise and
the evils Of the system adopte by the for
the preservation Of Its funds: are msguidsd tenfo d.
The demand for eur public securities in Europe has
already had better effect upon our money market,
han the Withdrawal Of every dollar Of specie In the
possession Of tho government could have had.
We requested by the agent OF tho State Of III
nois for funding the Internal improvement bonds to
state that the law does not provide for funding any
bonds which not presented before the 10th Of
March inst.
The Etna Insurance Company Of Hartford have
made another dividend Of twenty dollars per SHARE
making total dividend, for the last fifteen months Of
eighty i've dollars Per share surplus Of twelve
doaxs per share Is reserved The whole capital stock
Of quarter Of million Of dollars is paid up In
FULL in ca,hone hundred dollars per share The last
sale Of the stock at hundred and Afsy dollars
p.r ,hare, before the dividend.
We annex the report Of the Harlem Railroad Com
pany, made to the Secretary Of the State In accord
with special act of the Legislature the year
ending December 81, ls4s. 1t will te upon COM
pson that ia made up different from the statement
are about the same.
Nkw Yoax AND HARLEM RAILROAD.
The report nos submitted to the Legislature will b
found TO offer materially from those presented for
several years past and IL may be judicous to
pany IL with ZONE explanations
The Harlem road has been built and greatly improved
In many respects under great fnaucAi diffc aitss,
and BY and steady appropriation of ell the
current receipts which could BE- thus diverted an By
the of the materials. machinery, and Of toe
transportation department to the primary objects Of
extension and completion But this silent OPERATION
In which the dividends Of the stockholders and the
PROFITS Of the company have been absorbed has been
goiI g on without charges upon the construction ss-
counts and ,ho,e have stood for years
unchanged; though, In the meantime, now works snd
pdmsnt Of the line have been carried
pleiion The directors have endesvored TO ADJUST
theee accounts, with as much accuracy ss IL nov la
their and have caused such entries to b. made
In Their books "a will enable them to make report
which shall exhibit correct statement Ut the cost OF
their enterprise, which, la their best u ig nent the
circumstance warrant aud the results viii Justify
The road may properly be divided into t~o ions
New York passing through the lower part Of tbs
upon tbs street grades to Union Place, and thence
along the centre of the Fourth avenue on drsct line,
without curvature, to Harlem river second that
from the south side Of the Harlem river, through the
fertile COUNTIES Of westchcster and Putnam to Dover
Plains in butchers county The nrs section Involved
heavy rock cuttings one tunnel embsnkment Of great
height and requiring expensive protection walls from
to we'll tn. cost There are tws tracks Of 60 los from
and tho original plate rail has been entirely removed
Trough The country With the usu. has no
striking DE- culiartiss The whole lie constr ucted with
Sc and 90 lbs rsis, and miles with dou ols track
ArlIsn part If the Dover extension completed
the 8st of December l848 but has since been put
operation and the FINAL estimates Of that work
Yet Be nt+ red to the construction accounts The
whole ltneth OF the road tU mites within the
city lies above Harlem ~ l7-l00 miles The cost
OF roadwsy, bridges iron and now
charged a follows -
Cost Of rtad~ay, Co.. from City Hall to
Harlem river with double tracks, cross.
tDgs and side tracks into Canal street
and into the alton houses, shaps car
bouses, &C., about miles at $i3eJo1
Ctst OF rosdwsy from Harlem river to
Croton Falls, with turn tasles water
stations side track 40, and ~ miles
Of double track OF 10 pouno rails-
about46 miles, at 900 per mile. l,b7S,12t -
Cost Of roadway from Crotoa Falls TO Do
D,oember last, about a7x miles,: 80. 4se7so 81
Total cost of roadway, 60. $500. %, l83, Ass ~
Cest ~ depot. Rroupde, STATEN houess,
machine shops, stables. and market
hou.e all In the city Of New York aud
below 42d street, charged on 3ist Dec,
1s4B at. SIZE III b
Cot Of locomotives, care, horses, ma
chipery and. personal property on
hand, but sppr epriated entirely to the
operations Of the road charged on the
sist December, 1848, at. ......... 100, est %
Total cost Of road and equipments. $3,s7s,SST Al