The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-08-15
MONEY MARK k II.

WEDNESDAY, August 1882
There large sales Of all the fancy stocks to-day a.
the FIRST board holders compelled TO submit to
another decline Erie Convertible Bonds fell of per
cent Delaware and Hudson /; Canton Company i;
Norris Canal az New Jersey Mining Company "a; Erie
Railroad l1S Harlem ~ Norwich and Worcester Ia;
Reading Railroad l. Erie Railroad was particularly
active to-day and we way of preventing panic
sooB again among the bulls Prices lower now than
they were few since and there less disposition
% buy than we have noticed before for some months
Outside operators have completely deserted the Market
and holders disposed to convey frequently compelled
to sell at any sacrifice. Money Is scarce; but the
demand for money is not the whole cause Of prices
for stocks depreciatng is partially the result Of
want Of confidence in the future and capitalists and
others prefer placing their available deposit
where they be commanded at any moment to putting
them in the best security the market impossi
bic 10 tell what the has in store for All anti
cipaons and calculations relative to the probable
Of financial affairs useless The shipments of specie
have been limited lately in consequence Of the increased
value Of money at home. The payment Of debts due
abroad has only been postponed and any etup in the
money market would let loose millions Of specie for
porston 1t must 60 forward sooner or LATER and 1t
the fear Of this that keeps everything much depressed
The steamship Niagara for Liverpool carried out $4,000
IN specie of which about half was American gold.
qua brought about 900 in gold dust that the
export in this case nearly equals the import The
from Europe by the Africa, is not favorable; and do
mot anything in the financial commercial horizon
Of nature calculated to give much hope to those who
may be at this moment much embarrassed in their az
fairs. The only safe way is to make everything snug
possible and patiently wait the coming Of the blast
The receipts at the office Of the Assistant Treasurer Of
this port, to-day amounted to sl2sl7S so; payments
$50 4S7 H. balance, S3o35s376 90.
The demand for foreign exchange for remittance by
the steamer, to-day, was quite limited. We have no
alterations to make in our last quotations
The business Of the Fishkn Hartford and Providence
Railroad Company shows steady and handsome increase
For the month of July the receipts S126A Cor
responding month lssiyear ssol2 Increase S36l1-or
forty per cent.
The receipts for the months of Nay June, and July
thousand dollars than the receipts Of
the same months in 1860.
An analysis Of tb- railway traffic returns Of the United
Kingdom for the last week Of July published by the
Ieroraths Journal shows the total receipts 6354
mies TO be E33s 147, equal to f53 per mile per week
In the corresponding week Of last year. the receipts
GG67l4 5,e75 miles, f46 S. per mile per week
There Is thus increase Of eel 33 20 20 per cent
In the gross receipts in the mileage Of $40
mee 81 per cent and increase Of &C l5s Ia the
amount received per mile per week The Raiirdy Times
estimates the aggregate receipts since the LIST July this
year f92s $50 averaging fi47 lss lAd per mile In
1850, for similar period tbev reached f77e442 the
lines, giving average Of Elsa 0s id per mile
This shows difference in favor Of the present year
the extent Of fl4 l5s. AKA per ml. The companies
that have psraken most largely Of this increase the
London and Northwestern, Southeastern. Brighton,
Great Western, and Southwestern.
The two leading railroad stocks operating in to
greater extent than others the ogdensburg and
the Vermont and Massachusetts,. The Boston Courier
gives the annexed information In relation to each
Of these stocks;-The ogdensburg corporation Is
thorized to issue 10000 shares OF these, 10000
subscribed for and 10000 only have been issued leaving
in the possession Of the corporation 900 shares which
win not probably into the market at prices much
any below the par Of $50 per snare The Central has
100 900 shares all issued but s0oc which sold
years credit in 1850, the payment for which has
nearly matured. The Vermont and Massachusetts, has
par Of which is about $50. amounting to s230yoo. At
the present quots Of SIS they would cost the pur
ehssers but $4,000 requiring but sls72O net earnings
TO yield six per cent dividends Last year the nsome
paid expenses interest repairs and left surplus Of
$4,000. This year the income has increased y per
cent In the fret six months The second six months
constitute the largest and best hall Of the year In point
Of revenue, which will be largely increased by its new
tributary the Vermont Valley road, which was not
crened for travel until the last q June.
An analysis Of the reports Of the railway companies o.
Massachusetts, gives the annexed statement Ct the aggre
gate movements dnring the year 1850 -