The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-08-16

Ssa for buysrs option sixty days. which, with the into
sss, one per cent more, equal to two, two and
half per cent above the current cash price 1t Is the
scarcity and value Of that is depressing prices
al the fancy stocks to such low points There has been
no change In the actual value Of railroad stocks
Their earnings continue large ever and their pros
nsstive dividends will doubtless bs all that have been
predicted The quantity Of stock put upon the market
those compelled to sell at any sacrifice the absence
have caused the great depreciation la the
market value Of stocks generally Parties holding stocks
not actually compelled to SELL have done under the
impression that prices would 60 lower, and they would
have an opportunity Of buying In and making part
their losses by more moderate rise, than they held
ON and waited turn in the market. The apprehension
Of further large shipments of specie deters many from
purchasing at present low prices. We know Of many
eutsiders who would purchase now, II they could think
prices would 60 lower but every steamer takes out
such large amounts Of specie and the future looks so
gloomy that capitalists hold to their money, and
watch the Of events The steamship Pacific for
Liverpool tomorrow Saturday, will take out about
seven hundred and fifty thousand dollars, which will
swell the shipments this week, to nearly one and half
millions Of dollars; to Offset which, all have received
Is about half million Of dollars from California by the
Prometheus 1t is said there is large of gold
dust the way here the way Chagre Its receipt
would give temporary relief but, the weekly exports
30 much exceed the imports, short time would suace
to take II all away.
Asthe first board to-day, Erie rs, 1852 fell of
half per cent; Erie Railroad one Erie bonds, convsrt
bes, one; Hudson river bonds first mortgage one-ha
New York and New Haven Railroad, one half; Canton
Co, one-haf Reading Railroad, one-quartsr; Norwich
and Worcester, one-haK. At the second board Canton
20 declined one-quarter per cent? Erie Railroad,
quarter Erie convertible, and three.q uarers Ro
1arfor Iarpa
sales Of Erie Railroad bonds and shares at the afternoon
board, and the tendency at the close downward.
The receipts at the Office Of the Assistant Treasurer
OF This port, to-day, amounted to $685. payments,
AZ 6l0 ea-balsnce s3,2s0,e47 95.
The demand for exchange for remittance by the steam
shp Pacific has been quite moderate We quote bills on
London at 91 alOh per cent premium; on Paris
o. lz1s d. n1i; Amsterdam, 4oh Al; Bremen, :sJ4
7sh; Hamburg, SO 36I4.
The receivers Of the Pawtucket Bank Mass (Afessrs
H. p Knight and VIM. Dehon,) give public notice that
all claims proved against the bank will be now paid on
demand with interest The circulation Of the bank Ia
now only about $4,000 and win be received at the Sui.
elk Bank Boston, and at the Merchants Bank Provi-
sence 1t thus appears that the creditors will lose no
thing by this failure
The receipts of the Baltimore and Ohio Railroad for
the month Of July were as follows
Maj, Co.. For PASSENGERS. For Fresht
%Ain otem. ..... ........ S29036 10 $66,912 VI
washington Branch......... 2o7s7 81 3,377 81
Total................... s49,77s 81 $s92ss "a
Making aggregate Of s4s II the main STEM and
$All6 10 on the Washington brsnch-the total being
ell9O63 49, The above compared with the correspond
ing month Of Last year. shows Of $7l2 50 on
the main STEM and decrease Of S3ls on the Washing.
ton branch
Inc directors Of the New York aad New Haven Rail-
road Company have given notice that the allotment OF
remainder Of
$4,000, will be Immediately made The instruments
"paidi In September, October, November, and Deoem-
.ftreceipts of the Ohio and Pennsylvania Railroad
,r"h ON the twenty eight miles recently opened to
e,ghton, were 81 100 The road will be opened to
Beaver about the middle Of October and to Mssson lo7
mills, by the 1st Of December. From present appear.
ances this road promises to be of the most proata
isin the West.
.Ystrsssurer Of the Vermont Central Railroad Com
pany has published the annexed statement of the posi-
ton Of that corporation In order to correct
reports
The whole line Of road Windsor to Rouses Point
nnit he'd and paid for, and communication established
mat VIII permit car TO pass from 0gdensburx Mon
treal to Boston or New York, without unloading
. Cars and engines have been provided the most
oe western and being ample to perform the traffic Of
The floating debt Of the corporation mounted,
on the nrst OF July, to-. $SlA639 rs
The as'ets Of the corporation, applicable to -
the extiDguishment Of this, consisting Of
cash, notes Of hand, and stocks, at the
Valuation the Committee Finance,
were equS 49,. ...................... 650,649 IS
Leaving floating deb. of............. s2c3ssi 20
comes due in about year. but which, with the balance
dthe floating debt, will be funded Arrangements for
which will be submitted to the nd the annual
meeting and leave the income Of the road for dividends
hereafter.
The increase Of the floating debt is the result Of ex
saiy by the increase Of business.
The position Of the Corporation in the highest degree
.aftse'ory and cannot but believe that you about
to reap rich reward for your patient endurance.
Ihe recent severe pressure has caused depreciation
Almost all tn. shares held for speculation forced
within few days. Want OF money. and an over sup
ply OF stock caused fall of price The result however,
NJ in one respect, beneficial; weak holders of large
amounts were forced to SELL and the asses held for
speculation have BEEN divided among large number of
as permanent Investments aud thus with
drawn from the market.
The depreciation Of stock tie completion Of the
road Is not unprecedented After the Western was
opesed through to Albany the shares sold at 4O and
ore year Afterwards when the business developed
IT los whether your stock H. desti ned to similar al
vance time only can decide. There elements how.
ever that re der u not improbable The Western Is l56
miles In length The Vermont Central an Vermont and
canada are, together 157. The Western road cost
sioocoooo The Vermont Central, and Vermont and
Cspsda at pressut prices but little more than Eve
Commencing In January. after opening through the
rceip.s for the first months the Western were
ss 3o2on the verm 5ut Central were xz5s ea1 Mncb
more might be added but this Is sufficient prove that
any sale 81 stock at present prices must be unwise
The amount Of shares In the market IL much smaller
than would be supposed by the of tie pard
lcf Broker and N there Is the Of stock tn be
delivered that there Is Supposed 20 be- N investors hold
heirs until the first 81 January the demand for the
supply Of contracts will carry che stock higher point
than u has yet reached and the receipts for the
vspng months will prevent its ever receding.
IL proposed by Of the candidates to REPRESENT
be counties Of Bsxsr and Medina in the next Legisla-
urs Of Texas to pay the public debt without d.falca
en upon the condition that the creditors will assent to
have II paid in the shape Of stock In the internal -
yrcvtments cf the State The plan Is also strongly
| nged BY writer in the Wesi,rn T,ran