The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-08-03

HONEY MARKnY.

toek market To-day. Stocks or all kinds hoavyi
and If it was not for the shorts occasionally making
their appearance in the mark and purchasing to full
I'll contracts prices would before this have touched
much lower points At the nrst board to- day Tres
sury Notes improved y per cent Harlem and Erie
Railroads, u each U. 8. O., 1857, declined y; aud
Reading Railroad, u
The management Of the Erie Railroad are making
desperate efforts to sustain the market price OF the
stock. The easy state Of the money market enables
them to carry the and purchases made
from parties who disposed to put their supply
upon the market that those who may be In want of
it, to deliver mstured contracts, may DO compelled
TO pay . slight advance. This would be q legitimate |
operation for bull SPECTATORS but 1t hardly becomes
the management Of such An immense concern as the
Erie Railroad There operations (buynl And
sslling) In Erie Railroad stock, in the directors
room Of the company, in Wall street, than In
any brokers' Office In the city, and we have fire.
quently heard remarked by those who frequent the
Once Of the company business that there always
appears to be some great movement going on, some
mystery, about matters and things that
calculated to give very uniavorable impression As
individuals the managers or the Erie Railroad have
undoubtedly perfect right to speculate in the stock
but managers they have right to their posi-
ton to initiate and depress the market value Of the
stock from time to time to the injury OF stockholders
This however, is part Of the system upon which the
affairs Of all the railroads Of this country conduct
cd and it would be folly to expect anything else. We
getting little light every day upon this sub
jsct but shall not rest satisfied until have proved
In black and white every statement have made re-
lative to the financial condition Of the different com
psnes, particularly those under the control Of spesu-
lators In and out of Wall street.
The Norwich and Worcester Railroad 10 another IL
lue1aton Of the beauties Of the railroad emit
of the present day few days ago 1t was announced
that dividend of2h per cent had been declared pay
able in the bonds OF the company At the time,
stated that 1t was speculative movement the sole
eet Of which to initiate the price Of the stock,
that certain parties could get out; and the
result confirms the truth of the statement. 1t now
appears that according to law OF the State Of Con-
nesticut, the company have no right to issue bonds
beyond certain amount; a. that amount has already
been exceeded several hundred thousand dollars the
direction have rsscinded the resolution declaring the
dividend and the stockholders lose the and half
per cent in other words 1t has not been takon out
Of pocket put into the othsr The soneoctsrs
Of this scheme have not made much by the operation
the exposure Of the plan prevented outsiders from
being caught and the market value Of the stock DE-
| elinsd
The receipts 1T the Office Of the Assistant Treasurer
Of this port to-day, amounted to f7S AIS ~ Payments
| ss7 $50 q. Balance, 81, 521ss7 "a.
! Tc-mouow-Friday-havi been set apart by the
President and Governor day Of fasting and prayer
BUSINESS generally viii be suspended. The banks viii
be closed and there viii be meeting Of the board OF
| brokers until Saturday.
The New York and New Haven Railroad Company
have declared dividend Of three per cent payable on
| the 10th Of August. New York stockholders will be
Is,d the oncs Of the company No. 2Hsnover street
The City Fire Insurance Company, have declared o
dividend Of twelve per cent the 9Th Of August
| M Ev and Raflr To- hn,H
sared semi dividend Of five dollars per share
the full stock and two dollars and fifty tho
new stock, payable the 18th Of August. The CON-
new stock.
| The Common Council Of Milwaukee have authorized
The Mayor subscribe 500 Of the stock Of the
Milwaukee and Wsuksshaw Railroad Company, the 1rsS
link In tho chain which 10 to connect Lake Michigan
with the Mississippi.
The Treasurer Of ths State Of Aas given no
tss THAT tho LIST OF October next twenty I've Der
cent Of The principal Of the that State which
wss created by On Get passed at December session,
1sl6 will be paid at the loan ONCE In Baltimore after
which day such portion .: aid stock will bear
interest When ths State resumed the payment OF the
interest its public debt, the Of interest an
paid landed ct six per cent, payable Annually
rdssmsbss at the pleasure of the State This funded
debt amounted 10 about ssee 600 and II one fourth
Of shs ssm, say s2l7 oo that the nov pro-
pesss TO pay on On the LIST December, 1919 ths net
surplus in the Treasury t2sS 600 Ths receipts into
the treasury have been greatly increased this year and
the net surplus the LIST Dsesnbsr ls4s viii BE- ash
| more than the above sam.
The amount deposit 70 the credit Of the United
States Treasurer In tho different depostoriss on the
| Esd Of July, 1870, vas . ANNEXED -
UsrnD s'Arss DnrosIras-TasAsuna.'ss STATEMENT.