The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-02-03
CON MRRCIAL AFFAIRS.
MONEY MARKET.

Saturday, Feb. 2-6 Pm.
Fancy stocks advanced slightly to-day, and the
transactions to large amount. The purchasers
we're principally the Efforts, who compelled to
into the market and buy for cash this sustained
the market, and gave the bulls opportunity to put
prices up fraction. At the first board. Pennsylvania
SIS advanced u per cent Erie Bonds, u Canton
Company, q Reading Railroad, u; Farmers Loan,
u. There were large sales of Erie Bonds new. Three
and half per cent interest will be paid these bonds
the LIST Of March, and spectators buying them
for the purpose Of getting the dividend Harlem is
offered, in any quantity, BY half dozen houses, at
prices considerably under current rates. on long time
Shorts in Erie Railroad prefer borrowing the stock
to buying it at present prices and the inquiry for
stock loan, is therefore, frequently heard In the
street.
The following is . copy the Reading Railroad bill, IS
mendea, which passed both houses Of the Legislature
Of Pennsylvania, on Friday, the LIST inst;-
READING RArLRoAp But.
further Supplement to the Act entitled An Act to
authorize the Governor to incorporate the Philsde
pbia and Reading Railroad Company" approved the
Sec /. Be It enacted, &c. That the mortgages hero
tofors executed by the Philadelphia and Reading Rail-
csred to be COED and valid In all their provisions and
that the real and personal property Of the said
named in the mortgage, dated Nov 7th ls40 remain
In the poseestion and under the control OF the said
sany without prejudice TO the security OF any OF
their mortgages and while sosremaining, tthe same
Snail De htld and REGARDED as In the possession and
custody OF the trustees OF the several 90
tordipg 70 their respective rights and priortes and
that the property or the said company shall not be
liable TO levy or sale under any Judgments hereafter
obtained until the mortgages thereupon shall be fully
paid spd fatisned provided that the said mortgages
be paid or satisfied when they fall due Provided
That nothing herein contained shall be so construed 40
I, affect the recovery OF any claim against said COM
Tepy for work labor hereafter to be done,
materials now or hereafter to be furnished or for land
damages now due or to become due but that
the provisions of this section shall be construed to
tend only to the holder or holders OF the bonds due on
the let Of January 1850.
Sec 2 That If, at any time, the said company shall
surrender their real OF personal estate TO any Of the
trustees named In any Of their mortgages, such sur
render and delivery Of possession shall be held ADD re-
gardsd a. though made to the trustees OF each OF the
mortgages respectively and Excessively and according
to their respective priorites and such property shall
be held and regarded In the possession Of such trus
tees several mortgages respectively according to
their respective rights aud the raid trustees may at
any time at their discretion and without prejudice to
any OF the mortgages or the rights thereby .ecured
convey the rsd estate to the said
sec 3. That IL shall be the DUTY Of the said COM
pony to give notice OF the execution OF their mortgage
dated November seventh one thousand eight huudred
and forty nine and the purposes thereof aud OF this
set In one daily newspaper In the cities OF New YORK;
Boston, Baltimore and Philsdelphs for four oonseeu.