The New York herald., 1851-07-14
n ION EY M ARK EFT.

MONEY MARKET.
SUNDAY, July bpm.
During the past week the stock market has been
ersely active, and prices have taken just
We anticipated With two exceptions there has
been an improvement in quotations. and tho tendency
ut the cios yesterday still upward In the course OF
two OF three wsks may look for the return of some
Of the leading spectators from the watering places Of
e interior and If important change takes place In
Sht meantime In the money markets the next season
viii without doubt, open with great deal Of spirit II
Of railroad stocks do not materially advancein
value before the lapse Of the next six months al
oec uations will be at fault Norwich and Worcester
has during the past week. improved nearly Ave cent
The statement published yesterday Of the gross
gs and expenditures Of this company, in each Of the
past two years. not calculated to satisfy the stock
holders with the small dividend recently paid. We are
little anxious know how the interest account Of this
company has increased during the past year. $40
The detailed report 1854 does clearly account for
this, and it looks very extraordinary it stands
II the debt has actually been reduced by the payment OF
instaments the preferred stock, and the statement
IL that the dividend less per cent than last
year. in consequence Of the large amount of stock
Ated it, the directors will find it difficult satisfac-
tory account for the increase in the amount interest
paid in 1851 compared with 1850 The report does not
explain it, and the probability is, shall remain in
ignorance. The Reading Railroad Company have,
learn, passed dividend the old stock This announce
ment may be premature but there is doubt Of its
truth 1t has been opinion for long time, that the
payment of dividend depended entirely upon the posi-
zion of the stock stock been in certain hands
dividend would have been forthcoming, whether earned
or SO much for the influence Of spectators upon
the movements Of such immense concern this com
pany Erie Railroad has been steadily working pward
during the past week two, and holders have grea
Aeal Of faith in its being maintained The earnings for
July have thus far been larger than anticipated and the
suppression it, that the estimate for the year will be
sderaby ded We glad to such an improve
ment in the prospects Of this company and hope the
extravagant estimates of its friends will be real
ized.
Our calculations given few days since from the large
and continued increase in the receipts Of the Harlem
Railroad Company, demonstrated from indispua-
BILE facts, arising from watchfu attention to the pros
perty Of this company for four five years past aud
when compared with other railroads of equal length the
Harlem shows much larger increase than such rail
roads. For instance, when compared with the New
Haven Railroad which equal in length of passenger
travel to the Harlem road the latter shows large gain
over the New Haven, as follows
The following the receipts of the New Haven Rail-
road Company, for June, 1851
Passengers. .S42125 III
1feeh''''''''''' ''''''''' o'oo W
Total S49226 IL
Paid Harlem Railroad for of their roai. a,79s 90
Total net receipts Of New Haven, for June,
1os net receipts Of Harlem for June 1851 s50a2 OS
Excess of Harlem Company New Haven. ss5e4 81
This is among the numerous other facts tending to
show the Harlem to be Of the best cheapest in
vesments in the market and be purchased about
"a cent with the dividend which will be paid about
the first of August next. The receipts this year
averaging very nearly double the amount that they
when the Harlem Company paid their first dividend,
which the receipts of ls49, $4,000 Then they
declared dividend Of per cent per This year
the receipts will be about $3.50 000 the company
now without doubt capable Of increasing the dividend
20 per cent semi annually and have large surplus
besides after paying all expenses. We little curl
to know the determination Of the directors rea-
Sion to the payment of the dividend the old stock
We satisfied from facts that the dividend ought to
De increased to at least per cent per annum. The
stockholders for many years, did not receive any dv
dends whatever, and that the company show such
continued increase In their receipts 1t would be unjus
not to appropriate their gains the benefit Of the old
stockholders to which they justly entitled II the
directors desire to get any Of the stock they
had better do now, they may have to bid
t.ntly until the directors decide upon the
Of the dividend they intend paying in August
The road will be completed to Chatham Four Corner
shis fall and then shall have direct line Of communi
cation TO Albany and will not be many months after
wards that the stock will be selling par At Chstham
they will connect with the great Northern railroad which
TO the borders of Canada that the Harlem Rail-
yoad will be the most direct line Of communication the
Canadian borders the importance and advantages Of
which needs no further comment-t speaks for itself
The central lines Of railroads In this State hand
some increae in earnings this year compared with last
AL doing largeand profitable business and the
for pleasure travelling has hardly commenced The Albany
and Schenectady railroad company carried from the lst
10 the 9th Of July inclusive, 9I6 passengers against
for the corresponding period in 1850 showing In
Of about thirtyhve per cent Railroads in every
part Of the country have during the first six months of
the present year done productive business than
before; aud the last six months wil Is usually
the case show great increase the first half years
trafc Every day confirms and strengthens the opinion
have frequently expressed that investments In
railroads destined to be not only the most profitable
but the safest employment Of capital in the Union
The earnings Of the Baltimore and Ohio Railroad Com
yany for the rst six months in each Of the past two
years have been annexed
BALrINoRE Ono R.IRo,p.
11 SIR Mouths. 1850. 1851.
Main stem. -. seilecs 10 seS5 329 50 Inc s1o72I go
"a 49, n. anN g.lg