The New York herald., 1851-11-21
NJ o N Il Y nj A II X r II.

bly,, and prices have slightly depreciated Reading Rail-
road appears to be the favorte among pecuators at
the present moment, and suppose Harlem will have
the next turn Erie about as high the combination
can well The advance already realized brought
out great deal Of stock and there shares held
in large lots in Wall than any previous time
The upward movement in Reading Railroad is rather
mysterious There is great doubt relative to dividend
in January notwithstanding which the market price Of
the stock steadily advancing Norwich and Worcester
remains about the previously quoted The daily
sales have diminished down to small amount, and
holders appear disposed to wait the declaration the dvi
dend before realizing any extent Amidst all the move
mens in the stock market is astonishing to us
than the depreciation which has for time past
goibg On in Harlem There a slight action day,
but prices ruled dngy low for regular dividend
paying stock 1t s reported that the semi annual
dividend will be two and half per cen; bu. this IL
merely street runor and Is unauthorized by the com
pany is our impression that much higher prices will
soon be current for this stock New Jersey Zinc has
been neglected for days past and prices have BEEN
steadily settling down Morris Canal continues dull not
wiihstanding the increase in receipts The tolls collect
cd during the week ending the 18th inst were s3457 Is,
sc, inst 3o4e % fer the week year-showng
increase in the week of s407 95 total receipts to
November l6 this year. 1851 70 tie last year
se0l46 06increase, Sl3406 6s. This has no effect on
the minds Of specGlaters they exhibit disposition to
touch it, At the second board Reading Railroad went
up q per cent; Harlem Il; Erie Railroad declined q
per cent There desire the part of holders tc
sell Erie and the market closed with tiled feeling
1t semioci ally announced that the directors CT the
Erie Raros Company have resolved that the net earn
ngs Of the road the LIST January next not
four per cent should be paid to the stockholders It is
also officially reported that the earnings for the
six months ending December 3lst prcxms will, from
present appearances be equal to five per the
capital stock This is, to ssy the! least most extra
ordinary. How the directors have made q relia.
bic examination into the affairs of the company, the
current year not ending before the last day a Decem
ber is than fathom 1t is utterly impossible,
yet it is with the most perfect efrontery declared that
dividend Of four Per cent will be paid out Of the net
earnings for the year ending Dec. 81 1851 To the di
ectors Of all other institutions such proceeding must
carry the most conclusive evidence Of something Of
order-some peculiar necessity to keep up appearances
for venture to assert that there is another
record where the management Of COM
psny bss resorted to such measure to bolster up the
market price ofts stock The whole movement Is pre-
mature. There is in it than meets the eye. 1t
would not surprise US Notwithstanding the semi Official
announcement made the dividend actually paid was
less than the per cent named
The receipts at the Office Of the Assistant Treasurer of
this port, to-day, amounted to s9Oos3 50, payments,
se5, 5,2ol 99-balance, So 1856 40 2s
The steamship Baltic for Liverpool, Saturday next
will take cut large amount Of specie. The engage
ments already amount to nearly million Of dollars
This with the shipments by the Canada and other
ses will make the aggregate for the week upwards OF
two and half millions The receipts this week by the
Daniel Webster and Georgia, amount TO about two mil
ions Of dollars II appears By this that the exports
largely exceed the imports II this goes on for any
length Of time shall feel seriously the drain upon
supply Of precious metals.
The receipts of the Michigan Central Railroad Com
pany for the month Of October amounted to S20o72s
e against Slo5 552 90 for the corresponding month In
ls5o-ncreass <3515o 46 The aggregate earnings OF
this company during the eleven menths ending the 3s
Of October, 1851, amounted to. s9e972o 10
same time lAN year IoZo5I %
Increase, SO Per cent. s2t7I6s 81
This equal TO any railroad In this part Of the
try The income OF this road In proportion to Its ost,
10 greater than the Erie the Baltimore and Ohio
road
There has been paid into the State Treasury Of Ten
nessee during the two years prior 10 the first Monday
In October, 1851 from all sources we'll upon war
rants issued within that time ~ oosoof 81
Paid out within that time for all purposes 933 34H rs
Excess Of receipt. for the t~o years.... 7O,S73 90
| Balance in Treasury trst Monday of Octo- -
Der, iSzise IL
Leaving in Treasury, first Monday of oeto.
Der, 1901. tzzzi1l eV
The receipts the State Treasury have increased
within the last years from spo6s5 55 to s1oo4 0l
o. The disbursements during the time have In
creased from sS6l36 66 10 the Of 1893 3l IS Re-
| ceipts over disbursements, t70b13 90.
The legislatures Of the different States about
vening and shall have the regular annual official
reports Of the State ndebtedne revenue expenditures
sc There has been importsnt increase in the public
debt Of any State and the Of each annually
becoming larger from the additional value Of taxable
property have every to besve that this class
OF security investment Of capital l. steadily improv
ing The State OF Virginia has probably beea making
much progress any other, In internal Improvements
the dsvelOPeusnt Of the natural Of the SOIL
Nc At home the credit Of ylrgiga !. rated IL de
and the largest portion Of her public stock il In
the hand. Of her own citizens Her
her comparatively limited debt, and the scrupulous
punctusty with which she has always fulhsd her en-
| gagsments, Co be but little understood abroad
The real ana personal estate Of virSHia as per census
on ths soth september, her public debt
This stock was held as follows
| In kurope...........s.... 'ezaSSS Is
| In Virginia.. Y..s.s....s oool sol
| In other states, ............. 6l54Jg--QO35 lSt
In recent report the General Assembly, the Audi.
tor estimates the value of stocks ownei by The State ~
| s7Oto,5e5. In ether words, The State owns this
amount Of interest paying securities The State
| has guaranteed the bonds Of works Of interns
Improvement. to the amount OF 50 425762 As security
for this liability. she holds the nrst lien all such
works In some instances some Of the works may fall
to the State; but this system guaranteeing the bonds
q public works il now prohibited by the constitu
ton sinking fund Is also provided in the new coni
tuition for the final liquidation Of the debt the State
The financial provisions of the constitution Of Virginia
such 70 give the best guarantee possible to
the holders Of her stocks In point Of safety her bonds
equal to any paper security In the civilized world
War may destroy the Of the general govern
neDt and overload The market with It's loans-but Vir
eipis with her entirely distinct from those Of
the general government, will stn Be able aud willing &c
preserve her good pame