The New York herald., 1850-12-03

The deposits have decreased, during the month
secs ee17 The receipts from customs for the month
ofNovember we're s562oSo le's than In the previous
month. This is equal to falling OF Of at least $40
Diions Of dollars In the value Of imports The value
Of exported from this port for the month
of November reaches Ss.ss6,O70, OF which sso'7oo'
was domes stic,produce.
We shsll give to. morrow some very imp ortan; and
interesting ttate uents relative to the movemsnts
among cotton Manufacturers at the East, showing
their Efforts reduce the price OF Gotten and riShten
the planters of the south We recommend them to
the particular attention Of our Southern friends, and
believe that IL they follow advice they will realize
millions Of dolsys, which otherwise will fall into the
hands OF spectators.
The rxtrayagsnt fluctuations OF the stock market in
wsll street has iD no instance recently, been
fully illustrated than in the OF Erie Railroad
stock. About one month ago, this stock heavy
ut rs to 49, IL Is S3 te 81 The business OF the
road was larger, then than It Is aud, without
single alteration for the better actual in prospect
has this sudden rise taken place. What be the
Of this Is because the public then did not
know what they DOW know or Is IL because trap
has been laid ito catch shors and has BEEN for the
time successful 1t appears pretty certain that the
latter suppostion is one and II will be we'll
for the longs II they de not show eon gated faces
before they get rid Of their stock The estimated
gross receipts OF this road for the present year
bat 81 $4,000 and the net income, after deduc.ing
working expenses, 10 estimated at Ss0o000 This the
directors OF the road have calculated in their address
10 the stockholders. Feb 1885, aud it is doubt
large II larger than the actual the years
business. This they say viii be more than sufficient
to pay ell demands upon the company for interest IN
cludng six per cent on the oonui.n stock, and still
leave surplus of $50 900 This looks pretty fair upon
paper, and the stock might not bs much above its
uiu be init nj hls ba
rided for But lot how stands the case Tn .ir
report shews that 81 0s0 0C0 in bombs due ia
1862 s5oot0 OF certificates due in 1854 I5o
due in 1850 and 1851; and now the entire income of
tbe road after the let July 1851 excepting suicent
to pay the interest the mortgage bonds is pied yei
for the payment of principal and interest OF the
Ss 10000 of seven per cent income bonds, redeem
able &C tt pleasure OF the company within five
years. Where is the sinking fund providing tor
all this sloc0o,cOO of Indebtedness, which natures
in less than ten years. time, and much Of which
viii be due between thi. and 1851! None ha,
been provided. The directors say, the creditors Of
the board will take stockn in payment If So it will
be at depreciation of both bonds and stock. 1t Is
idle TO say that the stock of any road thus situated
is going 10 par anything near it, 1t Is ore pro-
bable that the holders of 1t will Ego to the wall
faster than they have recently been goins to Wall
street after IL.
Suppose udg mept aud execution be Obtained against
the road, to satiy the debts due in so 5l 5+, So
and 80 what chance would the COMMON stockholders
have their dividends, in such scramble among
mortgage bonds anG income bondholders'
These expectations are unreasonable; and the uu-
wary will do well to look sharp, lest they be saddisd
by the more acute, with what will bs dead weight
hereafter.
The receipts of the Erie Railroad Company for the
month of November in each of the pat two years
3 annexed