The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-01-13
C0nMERCIAL AFFAIRS.
MONEY Market.

Saturday, Jan. 1916 p. N.
The stock market little better to- day, but the
upward cannot be considered other wise than
reaction. caused by the great decirs yesterday At
the hrst beard Erie Bonds advanced per cent;
Erie Bonds, old, Hi Erie Railroad, u; Harlem, X;
Farmers Loan. "; Canton Co, y. Nearly all the
sales Of Erie Railroad time, aud the market
will at the rate stock has out during the past
week, socp be largely supplied with the other
fsncies. Farmers Loan revived little to day, but it
is doomed. When all the old rats leave ship II is
pretty certain that there Is dangerous leak some
where aud 1t bebooves those board to keep sharp
lookout and get ashore possible. Harlem
Is sustsiped, as any other fancy would be under like
circumstances, by the prospect Of a small dividend
Several outsiders have within the past day two, sold
this stock In the street 10 get the benedt Of the
fall after the dividend Is paid. This Is something
for outside operators.
On Thursday, the Reading Railroad Company made
dividend of41s per the preferred stock Of the
company. which In July last, only ~ per cent
paid skiDg the full amount Of per cent for the
year the stock which has been Issued for bonds
converted since July which the coupons of January
ls 1850, have not been paid Of four per cent msking
per cent fer the year, and after 10th
instant.
The Bank of Mobile has discovered q gross fraud
upon its notes consiss cutting the notes in pieces
to make one additional out of every FIVE six
notes cut. The notes thus used principally of the
denomination of twenties, though ives and tens
have been operated upon
A company has been formed for mining coal the
Illinois river The mines situated ten miles below
Pekin and the coal is Of the anthracite species It
makes q clear, bright fire, without much dust. aud
leaves little resdiuum. 1t is also free from ciukers
slate, sc The coal banks of the company located
about half mile back from the river, and said to
be inexbausbe The depth OF the strata of coal
has not been sscerined but the company with It's
present limited number of operatives raise from Ave
to six thousand bushels per day The coal I. conveyed
from the mouth Of the pit to the river by railway aud
then loaded into boats 1t is said that the coal
the vicinity ef st Louis upon the Mississippi, Illinois
and Missouri rivers, are inexhausti6ie.
The annexed statement exhibits the traaic on the
Northern Railroad, for the six months ending Novem-
Der 1st9 and the condition OF tbs affairs the CON-
! papy on that day -
NORTHERN RAILROAD.
| The inco me If the r. ad from May I, 1910, to
Nov j, ls4e, H. stated to have been. Sll5 O4o 10
/ The running expenses Sc, during the came
1 peI1od, have Been. 1850 IL
Leaving net earnings for six months. 81 453 %
/ The assets Of the company, on the lat Of
/ Nov, 1s4y considered good and available,
The liabilities at the came date, were... 30 900 e5
Surplus Of means ever indebtedness. SlO2l3 %
Amount of assets not Immediately available, and not
included In the above. sl3 Ito 81.
Besides the assets IN the foregoing statement the
company have hand about years supply Of wood,
already paid for ard not reckoned In the running
penees available ssstts, and which Is valued at
1880 They have also hand In the chine shop,
! and paid for, stock snd materials which amount &C
cost to the Of sll oil 5 and which also omitted
In the statement Of expenfes and assets The number
Of passengers the road the six months ending
Nov /, 1sae CASIO time last year, 60 423
tens Of freight upward during the time Is 100
sams time last year. 10000; Of freight downward
during the same time, 1885; same time last year,
Z l0,762.
The income Of the Franklin and Bristol Branch for
the six months ending November I, 1872 included In
the above statement Of the receipts Of the Northern
read was. f652a 81
Running expenses &c, same time. 4.6o7 05
Net earnings for ak months. ..........Sl9l7 II
Urder al the circ rustanoes, and finding the habii.
ties Ct the road larger than stated Ia the last
port the directors haze desmd advisable 10 max,
di,ded al the present time BY borrowing MONEY at fntert
The quantity Of certain articles imported into suf
fsio via the Lake, from the opening to the close OF
navigation in each Of the past four years was
nexsd:-