The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-01-24

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FaipAr, Jan. 23-6PM.
There was an impro ,msnt TODAY in quotations for
several Of the leading fa-iss. Reading Railroad was
freely offered and as freely tam withou. any material
change in prices Erie Ralresd ~, not 40 active not
withstsndiBg which, prices havs lightly advanced
Harlem does not move much either way We have not
heard much about the traffic Of the cempuy siuce the
opening to Albany, but have doubt it ss it's full
share OF through travel. Delaware aud Iudso. Canal
Company has been steadily advancing for days,nd
fold to day at premium Of and threequarers pc,
cent 1t has long been our impression that this stock
unwarranbly depressed and should not be surprised
to zee handsome advance in the market value There
sales of Zinc oompany-sussex fell per cent.
The improvement in Reading Railroad is attributed
TO anticipated damage upon the breaking up Of
the ice and melting Of the snow, TO the ma
vigation companies connected with the coal trans
portation bu,iness. II is expected, rather,
it is reported by large holders Of Reading Railroad
ltock that the Schuylkil Lehgh canals sure to
be demolished by eshet and floating ice the OPEN
Ing OF sping The effect Of event has already
been realized, and sloud such event actually occur
The probability Is that the market price of the stock
would depreciate. Everything good or bad in Wal
street is anticipated Spectators In Reading for rs
will not find this exception.
TIE variations in quotations at the first board
follows delaware and Hudson advanced per cent
Reading Railroad u; Erie Railroad II; Erie bonus 1871
"a At the second board the market not SO active
but nrice' 10 several instances improved materially
Reading Railroad advanced Z per cent Erie Railroad al
Morris Canal a. It wsud not surprise much IL the
reculators in Reading Railroad prices several
per cent shove those current. 1t WILL however be
all among themselves and holders in this city will with
cut doubt avail themselves Of the opportunity to get rid
OF ali the stock they have.
The receipts at the Office Of the Assistant Treasurer of
this port to-day, amounted to $780, 262 SO; payments
s26,l72 4l--balance, 81 Ice, DOL SO.
The Harlem Railroad Company have declared q semi.
annual dividend Of two per cent on the old stock.
The Greenwich Insurance Company have declared a
dividend Of eight per cent
The Hartford Gas Company, four per cent. New Eng
land Live Stock Company, elk per cent Farmers ana
Mechanics Bank New Brunswick, N. j. four per cent
New Brunswick Savings Bank, five per cent.
The Superintendent Of Banks has made a dividend of
ninety cents to the holders Of the notes Of the James
Bank and also q dividend of eightyone cents to the
holders Of the New Rochelle Bank notes. But for the
folly, to say the least, Of the head Of the Banking
department ordering the sale Of the bonds
belonging to these Institutions be made at Albany in
stead of in the city of New York. where the property
would have brought lite real value the bill holders would
not have lost the issues Of either Of these banks Ac
cordDg to the law the Superintendent of Banks has the
power to sell the property Of suspended banks in this
city OF in Albany he please but it that
he will exercise proper discrimination the matter aud
do the best for the interest Of all parties In this case he
has totally dsregarded all these interests ard it is the
duty Of the Legislature to make searching investigs
ton into this affair and the blame belongs
The following bill relative to banking is now before
the Senate Of this State -
SEC. l. Every banking association heretofore formed
or organizing under the act to authorize the business
banking, passed April 20, 1885, and the several a:ts
amending the shall be deemed valid corp oraton
notwithstanding any error insuciency or infor maty
In the certificate provided for in the sixteenth section
OF the said act, or In the proof recording acknow
Judgement thereof And every such certificate hereto
fore recorded rs heretofore provided the said section
may be used as evidence in all courts and places for
and against such associations provided, however such
aso station formed in good faith, and such cr:or
ins' hicency or informaty not wful malicious.
The legislature Of Pennsylvania has paved bill au
therzing the State Treasurer to negotiate Temporary
loan Of s300000 to make the deficiency In the
required to pay the semi annual interest the public
debt due the first Of February. This loan is
anticipation Of the collection Ct Notwithstanding
the but gradual reduction Of the State debt the
payment ofinterest has annually increased, as will be
seen by tie following statement