The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-06-12
MON EY ARK r. T

wtpNEspAy june 1T r. VI.
The stock market opened heavy this morning and
tnued depressed until after the adjournment Of the first
board The tran.actons quite limited and all our
predictions relative the Of certain stocks
have far been verified. Canton Company declined to
day three per cent and Is impression that II will
depreciate much more Ii H. however dangerous stock
to deal in either long short prices iuciuste large
" and suddenly that ordinary margin is used mp at
The stock may be worth all it 4 represented 10 be-
but II will be long time before moderate dividends upon
the prcent market value will b. realized Long Isla nj IL
dePrccating and tire probability l. that lower prices will
be reached. The Common Council II Brooklyn have by
vote Of fourteen to eve passed ordinance prohibit
ng the 4 steam the Long and Railroad through
Atlantic street This dpo-es 4 this question ana the
railroad company govern i-cH accordingly. II
will create great deal Of trouble and difficulty Nor
wich and Worcester el OF to-day fraction with larger
sales than usual Reading Railroad nuctuattd to-day
" and doFn, pr cent Most q tho trausac
tlons were for cush, and closed At the arst board
md quarter per cent below tho opening price
kftor the board the market rallied and the bull. had
everything pr way II appear ~ w. In the power
q the clique managing ths fancy stock 70 put prices up
down IL PLEASURE, aud II l. for the interest u the
combination 70 dIrcia.c price, III times 70 induce the
bsars t. make contracts must lok iOr fluctuations
Harlem ~. fallen back little, bit Il Win come ~
annual dividend win H. two aud hslfpor crnt; but
err not disposed believe tina, r board n directors IN
,.cw q The incrcaae in receipts thus far his
year and the prospective produclivsnss. Of the road
viii deeiar. anything short 4 three Ter cent surplus
q twtny-nv thousand dollar. n the net earnings
or sx months i sufficient for any contingency that
nay arise AMI trust the management viii consider
Il Horris and Portsmouth improved a fraction to-day
The receipts the Office d tho rians Treasurer u
this port to-day, amounted 70 So so; payments Sss-
IA 62-bslaoce, - atejCgl g.
failure announced 10 day In the dry good eoni-
mlssi,n trade Liabilities about $4,000
The H,ston aud Maine Railroad Company have a.
cltrsd -smtannusl dividend q three and hall per
cent
The Atsn,ie Cotton rTills al Lawrence Mas, with
capital q II e0ooo0 have made Up their semi annual
account q rt q june aud end loss during the last
sx month II nearly $1,000, end the cotton mills
chnery and dwelling houscs Of the Farmer. Manufac.
turing Company, IN Atilcboro disposed Of at aus-
ton On the th inst by assignee, Tor s220sj. The pro-
pcrty originally cost from $4,000 to $4,000 W. hare
doubt those Interested In thcAe manufacturing etab
ishnents under the impression that nothing but
low tariff reduced them 10 their present condition. but
have not he slightest doubt that the difficulties
uRdcr which those concerns abor.d produced ~
ignorance Of The principles q the business In which
they engaged and extravaganee Ia It, management
There is no harm however In laying Il all to the tariff
Some nut h. given for the absence Of success
and u may as well BE- that a. anything else
Books FIR aibscrption 10 the eepitsl stock n the
Farmer Bank ofKentueky for The Of 1--WE hundred
thousand iosrs viii be opened t. morrow (Thursday)
the 12h Inst NJ the c8ce Of The Ohio Life and Trust
Company, 80. a Wsu street The terms q the rub
scrptiun will b. follows ~ Wit Ten per cent st the
time q subscribing; thirty per cent the 18th day Of
July 1851; thirty per cent the 10Th n August ISL
and Thirty per cent In full the 10Th day q septcn.
Der 1861 Certificates q subscription With reoipts FOR
nftalnents paid duly executed by thc President and
Cashier q the hank viii be delivered the time d sub
oribing.
The sharee are onc hundred dollars each The Fsrm.
ers Bank vas incorporated b. tn Lcd..atuTs II ken-
ucky AZ The session II 1890 in pursuance o. reports
from tie Committee Banks n The senate and IIouc
r. RcTrentatives setting forth the nsucicncy q the
tnnhing capital = tie state limited, for period o,
rtar twenty years past to the Banh Il Kentucky, the
northern Bark q Kentucky, and Bank n Louisville.
The Farmers Bank u Kentucky therefore. incor-
roiat,d with copits &c s26500Oo About S7OooOo q
The stock vss subscribed W Kentucky and In the ely Of
Cincinnati, pIen which tie bank has boon tran.scing
ahghly successful business since last iau The large
snfurs ~ sase and productive lppcx drawn upon ship