The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-03-08
Con- ERCIAL ARPAlRS.
MONEY MARKET.
Wednesday, March Tt

Wednesday, March TO r. N.
he bears have had things all their way TO-DAY ,,
Wall street. Nearly every stock 10 the list fell off,
and the market closed very heavy the decline Ers
Bonds declined per cent; Farmers loan, 1; North
American Trust, q; Morris Canal, "a; Caution Con-
pany I1s; Erie Railroad Il; Harlem Ia; Long Island,
u StoniDgton, l; Reading Railroad, Now Haven.
l; Pennsylvania o. III United States 6's Of 1858, 4
The sales at the first board unusually large par
ticulary Of the leading fancies Between the aud
second board prices improved fraction md the bulls
appeared to be recovering from the disasters Of the
morning.
The announcement that the cholera vas at Qusrau-
tine, bad Q tendency to deprcss tho market, and q
large bull operator finding the deposits or his custom
ers disappearing by the dsprseistop, brought out
large quantity of stock and sold 1t at tho
rates; evidently being his motto, that 'ssf pre-
servstien 10 the fret Law OF nature This, uu.
doubleday, is fun for the broker, - hs secures
his oommissiops; but 1t Is death to those Who
employ him to do their business ct the board
SO far % the cholera being at quarantine Is
concerned, We see no cause for panic p.rc ulary Ia
mo stock market The bears, however. make tie
mcst Of such matter, and Is the bulls arc easily
alarmed It IL not difficult to depr,ss prices.
The withdrawal Of spece from the vaults Of the sub
reasury has not inflated the fsucies much % tho
bulls anticipated; but, the CONTRARY, has hsd a
advance. The announcement that certain move.
mont calculated to i'm prove the stock is about
bsing made has effect than the al itself
ana ehfewd operators generally realise upon tho eve Of
80 consuu nation, instead Of waiting till after 1t has
taken place The payment Of tho Mexican in.
demDity, and the probsbls depletion Of the sub
treasury soon after the government comes
unto power have been talked about in Qua n,al circles
for several weeks past and prices tho aucss sd
6,pou tho ~.
Large purchases we've made under the npression that
fprtber ination some extent would take place tins
Jar however nothing OF the kind has bee experienced
put ON the contrary prices range about ous and two
per cent below those current previous to the 4h inst
About ono half Of the instsne ut paid By the
ment ON account Of the Mexican inde N nifty has al
zeady been RENTED to London by bill, Of exohauee
and tbs balance will Pre- baby 90 forward by the next
steamer This keeps the specie in tho country, but
makes large draft upon the balance Of trade between
che two untries AID tends In the
price Of sterling bills. The recsipts ct the custom
house. to-day, small but packets are In
port which have not been entered the payments for
che remainder OF the week viii probably, b. large.
The Atlantic Bank, Of Brooklyn, has declared Q
remi annual dividend Of four per cent.
The receipts Of the New York aud New Haven r all
road Company have averaged something over $1,000
per day since the opening Of the road through.
Tho Lordon Chronicle states that tnsn
600 of British capital Invested In tho bonds
and stock Of tho Reading Railroad Company. Il Is
stated that between four and ave millions Of dollars OF
Boston capital invested in the securities Of this
company. This makes aggregate OF about thirteen
millions Of dollars leaving between three and four mil
aons Of dollars for this city Philadelphia, and all othsr
places. This accounts for the immense amount In.
vested In this work. but It throws very little light
Its expenditure. A very great i'm prov'me has
gently taken place in the market value Of the bonds
AID stock Of this oompapy but the result OF
speculation than any favorable change in the position
of the affairs Of the concern.
Tia bill appropriating ten thousand dollars for the
survey Of the Missouri and Mississippi Railroad,
tending from Lexington, on the Missouri river, to
Ohio city, on the Mississippi river, ct its con.
iuenoe with the Ohio, has become law. This
may be considered the commencement of . prudent
sysm Of internal improvem ents by the State Of Mis-
eeu,i and II is out Of debt, it well deveops its
vast mineral and agricultural wealth The terminus
ton Of this and the probable termination of the Paoi
DO Railroad, (when bully ct Ohio City, must make 1t
an important commercial poiut
The receipts of the Morris aud Essex Ralroad Com
psny in each Of the past two years were annexed
MonRIs AND Essex R.ILnoAL.
lS47 l84s
Aggregate receipts ..... $6915s oil $77 3t5 80
Aggregate expenditure. 81 7sS II AS 2lo So
Netrevenue. S5le1a 81 S3E 100 VI
The amount expended ia the construction Of the road
between Newark and Morristown, including canals
bsdipgs engines, &c., &c, was, at the close Of
1s4s sa4s252 OF; expended for the construction OF
shis road from Morrisown Dover 1922 5s7 making
an aggregate Of S7li,7Se 83. The extension from
Morrlstown to Dover opened the LIST of August
iast for the transportation OF passengers, aud the
3th OF October for the transportation OF fceight.
There Ia included in the expenditure which have
deducted from the gross earnings, payment to the
ectool fund. amounting to $4,000
The receipts and expenditures Of the Southern Rail-
road Company Of Michigan for the pas. year,
annexed -
SOUTHERN RAILROAD, MICHIGAN, 1s4s.
Receipts from freight ............. sst 3os o.
nail and other ,ouro.. ssss 90
'E1psndit1rss- Repairs Of ,o.d sls7as 20 s7is7o so
operating the road. 1,7s1 % 80 400 60
Net earnings. .......... ....... 500 1888 81
Amosnt of capital stock .nh,crlbsd: $500 600
Number of through passengers. =. ......... 1897
-Nunbfr OF way passengers. Ito
Number q miles run by s9s
indebtedness to the State on account Of pur-
An assessment Of 7 per cent va; mad. 6th
May last, payable 10th June, upsn which
$S1 100 has been paid. and for which bonds
All other in dc badness. ................. $3.50
Number Of engines upon the road Z; passenger cars,
a freight aud racks 15O three ton cars 1907
pairing cars, 20; average number ofmen,75.
the nett revenue will pay dividend OF about six
per the capital paid in after providing for the
interest on the aggregate amount Of indebtedness
The Committee Of Ways and Means in the Lsgisla-
turs Of Pennsylvania have reported very i'm
revenue MEASURE The bill proposes that certain
be levied upon public houses gambling establishments
lsves Of ffty cents each Individual liable to
do military duty, and dispan.es with militia trainings;
requires reduction Of one6fth Of tho canal expenses
By diminishing portion the canal officers and agents
the public improveme nts-thc nt thus saved is
to b apart by the State Treasurer provides that