The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-17
co ID Il ERCIAL AFFAIRS.
MONEY! MARKET

HONEY MARKET.
Friday, Nov. Io--o M,
The stock market opened quite active this morning
but closed heavy At the first board Long leland
clined Is per cent Erie Railroad a Efs Bonds Z
Pennsylvania SIS went up q per cent Reading Rail-
road Il. State Stocks in better demand to day,
and the operations in Reading and Farmers Loan
| to some extent At the second board Erie Railroad
fell off "a per cent.
1t 10 the opinion in Wall street, that fancy stocks
cannot hold their much longer They are held in
large blocks" and are rapidly eating themselves up
by the accumulation Of interest Money Is 80 abun-
dant and cheap that is difficult carry these
upproductive stocks in former years but the load
Is too heavy to rest easily upon the shoulders Of those
who hsve undertaken to bear It, Fancy stocks have,
within the past six months, become concentrated in
the hands of few fpeculators Ia the street. who have
been purchasing for the purpose of creating scarcity
80 to catch the bears In q Thus far they
have not been very uscessu and the prospect not
at all fatterng. The bears can continue this game
for any length Of time interest is oil the time
ming in their favor while it s accommodating against the
bulls.
There have been some purchasers of Erie Railroad
stock lately for the purpose of getting the dividend
due the lat Of Jan uary next but the probability is
that these Spectators will caught in the trap they
have set for others the fall in prices
books close, will without doubt be greater per cent
than thesdivderd. Several wagers have been made
recently that the dividend On this stock due the
Of January 1850 will be the last that will be paid in
cash for years As for the fancy stocks that bear no
interest expect of these days such crash
among them, as was realized in June, 1s44 They are
svaporstng Is rapidly rs possible, considering the
efforts made to sustain Them bat in the absence Of
fuel it will be in possible to keep the steam up.
The receipts the Office of the Assistant Treasurer Of
this port to-day amounted to s7s eeo payments s52-
322; balance, SIS 816 1859
The news from europe by the steamship America
does not In financial commercial point Of view,
amount to much. The cotton and markets we're
not in such prosperous condition previously rs
ported, either as regards prices demand We anti
cipated slight decline in quotations for cotton and it
lie our impression that the next win bring as
counts Of further depreciation More favorable ad-
vices relative to the growing crop out In the
steamers Of tie last two weeks in October the
feet Of those accounts upon the Liverpool market will
probably be in favor Of purchasers The markets
much depressed and the prospect Of any i'm
provement 10 prices Was rather gloomy.
Ira c. hit,besd w N wood and pjsmiu VIII
Hanson have been appointed receivers OF the State
Bank Of Morris The Morrsfoun Jsrs.yta M intimates
that the subject Of the failure Of the institution will be
Investigated by the Grand Jury, to be smpaansled
next week. There Is, therefore some chance Of this
gang Of Nv irdlers getting thei, deserts.
The Walter joys Bank of Buffalo" has suspended.
This Is Of the free banks of the State and Its
lstios ia secured BIZ posit OF New State
with the Comptroller, and the bills worth hun
dred cents the dollar We advise holders to sell
them, even a. che per cent discount, they will
Be redeemed At their full value New York State stocks
are at = high premium and the Comptroller has . sur
plus Of In his hands to take up every dollar OF
these bills issu.d All will be right in few days.
The receipts OF the Baltimore aud Ohio Railroad COM
psny for the month If October, lsis annexed
BALTIMORE Asp OHio RAIRoAp
For Passengers. For Freight.
Main stem. .......... .S40s34 20 $sesss II
Washington branch. -. 1887 q AHA 80
*6o2sl a s0I, ssI IS
Making o total OF $751; ,sl2 S..
The transportation ssstwAIdy into the city OF Bau-
more, Of of the principal staples has been fol-
folows-1ark, 81 TONS coal, 1895 do Gre brick, II
do brewcod do -four IS SD barrels grain - tons;
granite e3S do iron sos do; iron and msugsnes e
els do lard aud butler 252 do leather, ia do; lime
do Live stock, via; 10 o5e hogs, lS2i TONS 2s sheep
do; SO horses and su.s Al do 81 horned cattle, rs
do meal and ,hoI,s l7s do pork and bacon, IL do;
tobacco 1Se bbds whisky, 244 barrssj miscsllane-
Gus, sos tons
At meeting Of the stockholders Of the Baltimore
and Ohio Railroad Company, held In Baltimore on the
14th inst II unanimously decided to place under
In edste contract the whole Of the unlet portion of
~
Engineer that the for completing the road
from Cumberland to Wheeling, = distance of 2ii.
miles will be little than six millions Of dollars
will be seen by the annexed revised calculation -:
BAITDoRs AND ONO RAiLHoiD-EsriaArEp Cor or
l. Graduaf,n, nassnrg. and Bridging
I From pnbefiaud 90 1yssrt'svalry Bridge
per contract ptic.s OF fret lettinss.. s2t5043o
Add for tunnel arcbirg and bridge super.
sS@
Total from c ars bsrlsnd to Tygart'svai.
l.y BhJse. ioS,i I.iI... 60. ,9aaas,I
q miles ........... ............. so251t
Bnrslo, NJ miles. ....,.......... 2o7sos
Nou,h Of Piles Frrk TO whesliny. 20 miles. 12Os,lu
aI,s rii.s. '................. 4os2sn
miles from ltgsrts valley Bridge tn
wheeling -hich has not yes been let sud
which amounts to 81 us 4I0...,.... 1Il,sE
TstAi cost n Graduation, Masonry, ard
| Bridging nom Cumberland to Wheel 49,
! T. Raiias1 Tset-sinsie track .ith mile
in ~ Toe tidugs 2tijs miles, a. 50 600. 1oo3s00
D,po's and Wa'sr ssitons At $500 per mile l05,750
/ e. Etfkf n pCy-rer couttscts Of SCENTS In
para. aud per estimate for rect. 100000
cent on ID. above. ................... ass,ss1
! Total estims'e ~ cost % road complets
from Cunterlsn nd To- Wheelingsll1s mites,
ct an average OF fzg,o5I per mIle....... Sc 27sT1
Tie entire cost tn. road t. the city Of Wheeling
tuppong the reduction upon the lettns TO take place
Of the Tygstts Valley River, to be lsss by IL per
cent than the line already under contract would not
exceed t627S5Si and should the Subsequent con-
tracts prove ne favorable those already made the
total oost would net esceed by very large amount,
the original copjeetursl estimate Of s6O0o0oo.
The ability Of the company 20 provide the requisite
funds for the extension aud completion OF the ros IL
the most important matter for consideration. In sdd-
ton TO the Of the company from the business
OF the road, the comPsny had originally 20 $50 900 Of
the ave per cent sterling bonds Of the State Of MARY
land ef these bonds f2O5 900 have been disposed Of
and II is anticipated that the company will realize in
the sgre9se IS 100000 from the sale Of the three mil
lion hundred thou.snd dollars Of bonds
II We estixs etc the proceeds Of the bonds