The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-02-14
COMMERCIAL AFFAIRS.


wednesday, QAo-o r. Ne
The stock market opened slightly buoyaut thie
morning. and the bears made their appearance pur
chassr which accounts for the of cash stock
sold. 1t will however, be that most Of ths trans
actions time The sales Of Harlem were large
There appears to be any quantity Of stock pressing on
the market, and the bears have nne opportunity to
put out contracts Long Island and Hudson River Rail-
road fell Of to- day the former y, AMI the latter per
cent from previous sales Erie Bonds new we're active
to- day but prices fell OF from the opening Morris
Canal finds purchasers ct prices current yesterday
Most Of the ncies closed ct the board less buoy
ant than ct the opening and the market appears be
IN IN unsettled state, and prices with dioulty
tained. Operators in the most dangerous fuoes pur-
ohae stock for oash and put 1t out inmedistsiy on
time buyers option at an advance Of y u per cent
and hold the stock fer delivery when called for. The
chespnes and abundance of money enables them to dc
this and the safety Of the operation depends upon
the ability Of the purchaser to take the stock those
satisfied with small prohts prefer that kind Of business
to holding any fancy ct any price, their 60
count 1t h our impression, from the appearances Of
thDgs In the strest-om the nature the opsratious
and the class of purchasers from the large quantity Of
stock present prices will bring out, and the great
emulation In the hands of brokers' that the advance
cannot be sustained, and that . few days win bring
about . reaction. The improvement is unnatural,
or permanency.
At the second board, there was further improve
msnt in prices, with pretty large sales There s
change in the class Of purchasers Parties buying
have been doing for the past six months and every
quarter per cen. improvement brings out hundreds Of
shares Of stock Erie Bonds, new, fell OF Y per cent
Morris Canal u. Erie Railroad advanced y; Harlem,
Vi Canton Co, X; Farmers Loan, y.
The amount deposit In the once Of the Assistant
Treasurer ct the close Of business day. was So 2a
l5s II.
The receipts Of the Long Island Railroad Company
for the year ending December 81 s4s we're slel ais os
expenditures for the same year sI7oss3 OF the sxpen
ditures, si5'l 90 Of nature and
leetim stsy belongs to construction account. This
deducted from the aggregate leaves sisil6l 3s only
$3.50 70 lees than the total income The indsbtsdosst
Of the company on the lat Of January, 1850, VA
s4s2 $50 Oh, Of which 100000 a loan from the
State te47 be3 90 outstanding bonds Of the company
snd sS5A2e % accounts payable. The assets or
hand amount to ss2 45s ST. leaving tbs net indebted
ness s45o5s1 40.
The exports Of mossses from the port Of Csrdsnaf
during the year lsse, amounted to II, $50 hhds, O.
which eS3 hhds vent to England. In 1s4s the export
v. eo4s hhds 10 lsa7, the smoun, s,sos hhds
and In 1896 81 amounted TO STA hhds.
The Toronto and Lake Huron Railroad IL beginnin,
shore q Lake Ontario. oswego he particularly tote
iestsd in Its ccupston, and 1t viii open 10 publ
WORKS and TO city, the trade Of large aud produe
tive portion Of Cansds which has hardly cutie
TO msrtst The stock IL to be rsised, In part, tn
ArtUhion plan Of tickets The city Of Toronto Ia
fubscrbed largely to the capital other corporation
Intend doing 90 literally The managing director Of tn
company. Mir. Capreol IL In Albany, soliciting IN
enactment u ar lsgsripe the sale Of tickets a tt
state upon the plan piopos,d BY the charter cf n
company. We can reasonable objection 20 Ii
passage Of such law but the oootrsry several vsr
important interests Of the State entitls nmsdis
attention. The plan strikes fsvorsbIy and ~ 500,
s the Legislature grants the lac toiisi,sd, We sbAI
place II before the public
According TO the report Of the Erie Railroad Com
pany made TO the state Engineer 10 accordance viii
the act Of February 1sss, the operations durisg tn.
past year. and the state Of the ooupsay affairs AZ tn
close, we're ~ annered:-