The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-08-25
M O r EY n AR < n r.

This has been blue day In the street for bull ope-
rators in fancy stocks. The two leading railroad
stocks fell of largely audit impossible to mp
large sales even at the depreciation there being
buyers In the market, but the shorts for delivery
ON matured contracts. Reading Railroad stock has
changed hands lately to extent ct prices per
cent above those ruling and the probability is
that present holders will have to wait long time be-
fore they will realize cost and charges 1t is reported
that this company will pay dividend on the old
stock, the first Of January next 1t Is not impos-
sble hut that dividend may be paid but it is pretty
well known that the company cannot earn one. We
learn from the most reliable authority, that, up to
the LIST of July. not the first cent of dividend had
been earned Whatever dividend is therefore, earned
for the year 1850 must be earned during tns last six
months ofthe year. Erie Railroad stock has been in
fated by reports and statements equally false The
effect of reports for the sole purpose
.nasting prices for any particular fancy stock is
usually short lived and generally acts upon those
who set the stories in motion The fanciss generally
weak. and the market has every appearance Of
breaking down. At the first board, to-day, Eric Rail-
road declined u per cent; Harlem, 70; Erie In
Bonds, 1; Canton Company, ri farmers Loan, NJ
United States SIS, 1868, Reading Railroad u; Nor
ris Canal Il.
Another large produce house suspended payment to-
day 1t is stated that the liabilities amount full
million and half of dollars This is but the bsg inning
of the end and before the closes houses
which have for some time past been mere shells, vii
collapse
The steamship Pacific, for Liverpool, carried out
$3.50 coo, principally in British gold.
There always two sides to every story, and one
is considered good until the other is told 1t appears
by the statement of the house uded to yesterday
having charged q certain suspended firm with fraud
that all the paper held by them, amounting to 1900
taken in the regular course of business, the
18th Of April last etime before the Suspension
before the credit Of the firm impaired suspected
This puts different, and favorable complexion
upon the pursued in charging the suspe nded
house with fraud and gives the complaining party
opportunity Of carrying their suit into court with
clean hands Although the compliments may be fully
convinced that the charge they have made true
impression that they will find 1t difficult to prove
anything of the kind. The advice of experienced
counsel" has led more than manAor one arm, into
difficulties from which It has been found almost i'm
possible to extrcate themselves, and the best advice
give all engaged in the financial operations OF
Wall street. to have little to do with experienced
COUNSEL as possible.
The receipts at the once Of the Assistant Treasurer
of this port, to day amounted to S177751 OF; pay
msnts, s76sO2 AS balance, ss,719,972ss.
The Reading railroad brought down 35432 tons of
coal last week previously, 73l72o total this year.
7os l62 tons Same time last year, 724o95 TONS In
crease this year, 43o57 tons. The Lehigh canal
brought down "a GA tons last week.
The Pennsylvania railroad will be completed to
Holidays burg in q few days and about the first
Of September it viii be regularly opened for travel
At Holidaysburg tbs road connects with the Portage
railroad to Johnstown, so that passengers for the
West will have continuous railroad from Philadelphia
to Jobnstown, distance OF 80 miles
The valuations Of property In Providence, r. L. for
the year $780, compared with that of 1872 present the
annexed statement
VALUATION OF PRorERrY IN Providence, RI
ls49 1850
Real estate. .......... sl7sos6oo s17s32l0o
Personal Estate. 12S20I00 14l26700
Total. .S30TsH3O0 S3l 955 500
The whole amount ef tax raised this year is s169
e1 being at the rate OF So cents every $780, The
amount raised last year Sl63,9 o1 so. Increase
IN value OF property s1,17s,5oo; increase in taxes
sl5,sso IL.
The following table shows the quantity OF Of the
principal articles Of produce left at tide water from the
comm sncement Of navigation to the 22i of August In