The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-06-02
C0MNERCIAL AFFAIRS.

Friday, June 1-6 p. M.
There slight Improvement to-day, in the stock
market, both regards extent of transactions, and
quotations. At the first board, Harlem advanced u
per cent; Canton Company, e; Farmers Loan, u;
Long Island, "a; Mohawk, u; Erie Railroad, u. Co
vernmen stocks and Treasury notes closed about the
same yesterday. Government stocks now quoted
dividend Of the books having closed to-day The diff
ference in prices is just equal to the dividend The
market, doubt was favoraby influenced by tho wea
Their, this having been the first fair day for week.
The announcement made this morning. that the
steamer had arrived at Halifax and that the news was
its way, had tendency to check transactions-ope-
rators preferrng to await the receipt of the inte-
gcnce The teegraphic despatch from Boston gives
the details Of the commercial and financial accounts
but do not anything varying materially from the
previous reports Consos had slightly improved, and
the money market continued abundanty supplied with
capital seeking investment at the lowest Of in
terest. The manufacturing districts inactive and
prices ranged below remunerating points There had
been fair demand for cotton at prices current at
the date of the departure Of the previous steamer
Notwithstanding the receipt of accounts from this
country relative to the damage to the growing crop
by the frost and snow. The grain markets had
slightly improved. There . steady inquiry for
-four and Indian corn at little better prices. The
commercial intelligence is therefore, the whole,
shade better than that brought by the Caledonia but
not to extent sufficient to have much influence
here. SO far have been able to judge from the
imperfect reports received relative to American
rites, there appears to have been improvement in
quotations. Pennsylvania SIS quoted At 80, which
is advance. The bulk of the demand for American
securities is from the continent principally from Ger
many This of the effects of the state
Of political affairs in Europe.
The political intelligence is highly important, and
matters on the Continent will be brought to
crisis France has taken position in regard to the
interference Of Russia in tho affairs of Hungary that
will if maintained, bring her in direct contact with
the great Northern Power. There are great timcs
ahead and the result Of the movements going will
be looked for with the most intense anxiety.
We learn that the loan of $500 000 authorized to be
made by tho last Legislature of enable
the Canal Commissioners to avoid the Inclined Plane
has been taken at q small premium The whole amount
of bids offered 81 100000 and their terms GO
morally such indicated the highest confidence in the
ability and determination of the State to meet oil its
obligations, past present and to como.
The receipts at the Office Of the Assistant Treasures
Of this port to-day, amounted to $60170 72 payments
s65s65 %; advces, SOS 900; balance, $2O7s.439 20.
The report Of the Committee on Railways and Ca
nails appointed by the Legislature Of Massachusetts,
relative to the amount Of money borrowed by each rail-
road company, during the year 1913, gives very
erroneous idea Of the matter and like most legislative
reports is very imperfect and Of little value to those
interested In regard the Eastern Railroad 1t il rep
resented that the company had borrowed, during the
year. 81 06418e 05 This Is corrcct but the report,
as made BY the committee, makes 1t appear though
tho company increased Its indebtedness lsbii-
ties that amount whereas 1t actually reduced its debt
during the year. $l oo1 o. the payments having been
n Me- Stkoo,
this important point and the effect of this half made
up report anything but favorable to the compa-
MES which have been in the market borrowers during
the past year The report alluded to also gave the
gross amount Of loans, being the aggregate of sums
borrowed at different times during the year; while ths
fact IT, that many Of the companies at time in
debted, on any loan, but trihng part Of the
amount reported.
Under the authority of the act Of 1S4T and with the
approval Of q majority of the stockholders, well
Of the best legal and ancsl authorities in Vermont
and Boston, the Central Road Company have made an
arrangement for the use Of the Vermont and Canada
road and been taken to Its con-
struction in part immediately and the whole as soon
Ms the Ogdensburgh road is mpleted As guaranty
its part the Central Company give bonds for
900, bearing six per cent and payable in twcnty
years.
partial reorganization Of the Stoniny ton Railroad
Company has been made by the election OF Messrs w.
5. wetmore, Matthew Morgan and T.. Peck, as direc-