The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-01-09
C0MMERCIAL AFFAIRS.
MONEY m ARKET.

Tuesday, Jan. So II. M
The stock market opened heavy this morning. and
all the fancee took downward. There were I'm
Dsnse ssles Of Farmers Loan at the nrst board, at
decline Of per cent principally on time sellers OPP
zion. The plea Of usury has recently been raised
for the reputation of debts to large amount, has
ated great deal apprehension among holders of
stock in certain companies many Of the claims Of
these concerns tainted and will PROVE contested
vauelsss. The Farmers Loan and Trust Company will
probably be affected very seriously by such plea
the part debtors and its assets may largely re-
duced As regards the statement that the company
had legal right to hold real estate very little CONT
is placed in 1t but Is purchasers OF property
dislike having thing to do with titles at all ques-
toDsbls it is very likely many of the lots Of land
Gently sold, may be refused. These things are the
Of the rapid depreciation in the market value
the stock.
Erie Bonds, 1859, per cents fell off, to-day, u
Per cont sales having been made at s2 per cent To
give idea Of the estimation In which these secur
ties held 1t Is only necessary to state that nearly
three per cent interest have sready accrued Them
which actually reduces the market value below eighty
being discount Of twenty per cent Nov, 1t
s pretty well known that have very little faith in
Erie Railroad securities Of any kind; but it appears to
rs that, for temporary investment the second mort
gage Erie bonds would pay, at present prices pretty
WELL The interest three and half per CENTS pay
able the LIST of March, and present holders future
purchasers would do we'll to sell this any other stock
bond in anticipation Of the payment Of the semi
annual interest or dividend.
1t 10 confidently stated that the Harlem Railroad Com
pany will declare q dividend the LIST OF February
How much it will be, have not learned; but, il
Il Is cent q share, 1t will be than has been
earned. The company has q large floating debt,
and 1t will be largely increased by relsyng the
city track with heavy rail- and the construction Of
arch the track from Thirty second to Fsrty-
secoDd street The expense Of these improvements
will be about 100000 In the face Of this large ex
pepdture and the fact that money was borrowed to
make up deficiency in the payment of the interest
On the preferred stock the directors have the hardi
hood to declare dividend on the old stock. All the
advice give to the holders Of the stock Is to sell
before the LIST Of February before tho books close
for the dividend the stock will probably fall double
the amount Of the dividend in less than week after
1t 10 paid. The payment Of forced dividends is too
we'll understood to catch many outsiders.
There will be . sale tomorrow Wednesday the
Merchants Exchange, of $4,000 Hudson River Rail-
road bonds In sums of 81 600 and upwards. The
bonds bear per cent interest and sre the first
lien the whole road and entire property Of the
company.
The receipts At the Office Of the Assistant Treasurer
Of this port to-day amounted to eo462 At; payments
$9l $40 Al; balance, s2,443,l2S OF.
The Exchange Bank of Hartford, Conn, has de-
Jared Q semi. annual dividend Of four per cent
The Macon and Western Railroad Company divi-
dend OF two dollars and City cents per share payable
to New York stockholders, on the Let of February.
The amount OF United states stock issued to
foreigners from LIST to 4th January, 1850, both in
elusive, annexed -