The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-06-21
II or ~ MARK e r.

MOaBY Mark EFT.
THyRsDAv, June 20-oP. n.
Holders Of fancy stocks daily suffering, ct the
rate of half and per oent The leading railroad
fsncies going down faster than they vent mp and
the probability To- that the fall will be full as great As
the rise Al the fret board to-day, United States Ss
1867 declined per cent; Erie Bonds new III income
Bonds, y; Canton Company, y; Harie-a, "; Erie
Railroad l; Reading Railroad, u; ,rris Canal N.
There Was more activity in go- eminent and State
stocks than have notice A for some time past
portion Of the new Ohio State Loan sold to- day at
114A Hay. which. is below the highest premium
paid by scceptea bidders Erie Railroad has fallen
nearly four per since the closing OF the books for
the dviend; and from the appearance Of the market
gene<slly there Is very little doubt but that de-
cline Of four per cent more will be realized in
the course of another week All the fancies
topping down, and but for the reluctance with
which holders bring out their stock, and the easy
money market, prices would fall of very rapid
ly In the event of quantity OF stock coming
the market, should Of those old fashioned
panics which used prsstste the bulls plete-
ly and so thoroughly clean out tho deposits Of out
siders. The recent speculation in fancy stocks has
been purely artificial and confined to very limited
circle The public have not been drawn into it, as in
times past, but the brokers have been permitted to
the seed and gather the harvest all alone in their
glory. All their schemes and plans have failed to at
tract outsiders and having carried large lots Of the
fancies as long they could they have been compe
ed to dgorge and submit to any sacrifice for the pur
pose of realizing The high prices which have ruled
during the past two months, have brought into the
street large quant of all kinds OF stocks; and
prices fall of they will accumulate in the hands of
brokers, and become greater dead weight than pre-
| vious to the recent advance
The receipts at the Office Of the Assistant Treasurer
Of this port to-day amounted to S33 600; payments
| $4l512 IS. Balance, $1,000 664 So
| The steamship Hermann, for Southampton and Bre-
men. carried out 100000 in specie principally silver
The Boston and Worcester Railroad Company have
declared semi annual dividend Of three per cent
The Lake craft registered In the port of Chicago,
amounts to hundred and forty Ave sail vessels and
four steamers, with aggregate tonnage of 2o,637
| tons.
The Western Bank of Baltimore has declared
| dividend Of four per cent for the last "a months
The bank has paid the State and city taxes for the
year.
From the LIST Of January, 1850, to the 10th inst.
there has been shipped from the ports Of Savannah and
Darien l6 SCOOPS feet of lumber Of which 107640oo
| feet were shipped from Savannah.
Wepubish in another part Of this day paper, ella
borate statement showing the rate of fare the prnci
pal railroads of the United States 1t will be that
the charges per mile for the transportation of
gers range very low in many instances doubtless below
| remunerstive points. There few railroads In
this country having unlimited passenger business
that the theory Of low prices connected with large
traac has not been sufficiently well tested to sanction
universal adoption Of the system II there is rail-
road company in the country that mako low fares
productive 1t Is the Hudson River Railroad Company
but is yet question whether the i'm passenger
traffic Of that road be made to pay at less than two
cents per mile Its impression that cent per
mile on the Hudson River Railroad will pay better than
two cents per mile other Railroad In the country
from the fact that there s limit to the passenger
traffic Of that while there is all other roads Psssen-
ger business on all railroads is more profitable than
freighting and a solid substantial we'll built vel,
| managed railroad like the Hudson River road can
| have as many passengers to carry IL can accom-
modate 1t remains to be how cheapit be DONE
The table refer to will be valuable al interested
| in railroads.
The President Of the Michigan Southern Railroad
Company, has made . contract In London, for 5000
tons Of railroad iron at $33 so per ton laid down at
Quebec The cost Of transportation from Quebec 70
| Toledo, will be about IS per ton.
The East Tennessee and Georgia Railroad IL fast an
preaching its completion far the Tennessee river
distance Of forty miles. The grading and masonry
viii be finished In the OF two three months
and the timbers are delivered about twenty avs
miles of the road. The six per cent bonds loaned to
the company, by act Of tho last Legislature will
% issued In snort time, 10 be applied to the pur-
chase Of iron and equpp eats for the road.
The third annual report the o.iena aud Chicago
Railroad Company, states that the total cost Of
sructiDg and furnishing the FIRST division Of the rosd
| 42h miles, which went into operation In January
1850 the LIST Of May las including cost Of de-
pot grounds %l05 3s2 g. for 026 acres chiefly wood
land, and materials on hand sa5,7l3 27-total
s44looe 90. Debt Of the company on the LIST OF May
last, beyond the means In hand at that time
sl6457l g. Of which Sal COZ 90 will be due In 1850
| S535s2 o3 in 1851 and s69ls7 SO In 1882. The
sources Of the company to meet these liabilities aside
| from the revenues Of the road, q follows -
Instalments to be called on stock, which rs per
cent has been paid, to make IL full paid stock S70,-
1O6 So proceeds from sales Of forfeited stock held
by the company, at the rate at which Il 10 nov being
sold, (being equal to par to the company sAsl2s
from material on hand to be charged to account Of
second division, and from wood hand to be charged
operating account Of the present year. s14 2s3 o5
total, 132,4N 61-ieaving . balance Of debt beyond
the amount Of stock subscriptions for the div
sion Of the road, and to be provided for from other
sources Of 32o74 OF. Total, si64571 81
The receipts OF the road while In progress OF con-
structioa and to the ls May last $ss3 p7
the expenses Of operating the road to LIST OF May last
including interest paid since June Is 1sao on loans
for It's construction, s237so 26saving for net
earnings s24533 n. OF this sum, s23 3s2 TO- equal
to dividend OF 10 per cent all moneys paid in on
the stock Of the company previous to March l. 1907
have been expanded In the construction Of the road
The annexed statement exhibits the amount Of
produce, Manufactures, &c, passing through the
wellsnA, St Lawrence, and Chsmbly canals, in each
Of the past two years
| CASAL Cowxsscr or CAsapA
4 La Ii -.