The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-12-06

HONEY MARKET.


Wednesday, December 3D. r. N.
The stock market was quite buoysnt this morning,
and quotations for most Of the fancies advanced
fraction. The demand for government securities was
active but prices slightly fell of. Transactions In
Pennsylvanis SIS to extent without any i'm
in prices compared with those current yes
tsrdsy. The demand for North American Trust has
subsidized, but prices have been fairly maintanedl
Holders Of the leading fancies bringing them out with
perfect rush and there plenty OF Sellers for cash
time buyers sellers option. Harlem Reading aud
Long Island appear to be the favorites with the BEARS
and the sellers principally old holders. There have
been larger sales Of Erie Railroad within the past two
weeks than in the previous six months the sellers
evidently feeling satisfied that the best time to dispose
of the stock is in anticipation of the dividend At the
first board, to-day, Indiana SIS went up u per cent
Harlem, e Norwich and Worcester, u Reading
Railroad, y Long Island, u; Canton Company, u
United States 6s, 1867, declined per cent and Erie
Bonds, new, -. At the second board Reading Rail-
road advanced y per cent Farmers Loan, "a Long
Island, u Harlem, u Canton Company, q Morris
Canal, u.
The receipts at the elce of the Assistant Treasurer
of this port day amounted to 45 payments,
s59,sS7 As; balance, So. s6o624 49,
The gross earnings of the Erie Railroad Company for
the month of November according to the report Of the
management, amounted to $sS,o52 "a, against S2909
TO- In November 1s4s there "a miles of road in
operation, and in November 1s49 200 miles. The Off.
cia reports OF the earnings of railroad companies
considered, by the public, correct; but have
confidence in them, and prepared to prove that
the actual bona de earnings Of the Erie road for No
vember, do not net the company the of $4,000
To give the amount reported the average earnings
day for working days must have been about SO AGO.
Now know that, up to the middle Of November the
receipts had only reached $4,000 for two days-the
range generally having been from So 100 to $4,000 per
day about 500 per day less than for the
spending days in October The last half Of the month
better than the 6st but the doe not
to than 50 500 Per day; and all the receipts
the aggregate Termed by daily earnings of that sum-
have been derived from freight the compsnys iron
fer the extension to Corning and r on for the Che
mung road 1t would be much more straight forward
way Of making returns of earnings II the management
would make exhibit of the business proper of the
road. In the event OF the receipts Of December being
much less than anticipated the company will probably
account for it by giving the whole truth relative to the
earnings for October and November 1t has already
been nitted that than $4,000 of the gross In
fer October from freight iron transported
account of the company; and live in hope that
the truth will out In regard to the receipts
for November. All want is correct reports, and
those are determined to have in some way. There
has been and still is much mystery much conceal
ment about the financial Affairs Of this company,
much say the least-relstive to the
cost current income and expenditures that it is time
the present system Of management rather msma-
nagement was expesed.
The New London and Wllimantc and the Hartford
and Willimantic railroads now in operation,
making continuous line of railroads from New York
to Norwich and New London via New Haven and
Hartford. The distance to Norwich from this city by
this route is about 156 miles and to New London les
miles.
The Androscoggin and Kennebec railroad was
opened on Tuesday 9th November, to Wateryille,
the kennebec miles above Augusta and about 80
miles from Bangor the Penobscot to which latter
place 1t is expected to continue the line in the
Of two years wsteile is the extreme eastern point
yet reached by the chain Of eastern railroads from
Boston, being distant from that city 1s7 miles, and 42
rom New York. The length Of the Androscoggin and
Kennebec railroad Is IS miles from Waterve to Dam
ville the Androcoggn where II connects with the
Atlantic AID st. Lawrence railroad, ~ miles from
Portland. The latter company have completed IS
miles Of their railroad.
The Hon. John Y. Mason, President of the James
River and Kanawha Company, has reported in favor
OF continuous canal from Richmond to the waters
Of the Ohio river.
Major Gwynp, the Chief Engineer OF the Company in
his report Of last year expressed the opinion that the
water line " combines greater advantages than any
other improvement that can be devised with view to
deveope the resources and accommodate the trade OF
Western Virginia" And in his report, submitted
Tuesday Nov "a he says Sin relation to the extension
Of the canal west OF Covinston and the union the
waters Of the James and Kanawha rivers every years
experience and observation confirm me In the views
have heretofore expressed Ibeeve It entirely feasible
and practicable to carry the water line the Al
leghany.
The receipts Of produce at tiewater via the canals
of this state to the 3oh Of November in each Of the
past three years, we're as oxed -