The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-06-15
COMMERCIAL AFFAIRS
MONEY M A n X Il II.

~ANNNN-
insiy buoyant The bulk OF the transactions for
cash AZ the board Delaware and Hudson advanced
On per cent Morris Canal, u Canton Company, i;
New Jersey Zinc u; Erie Railroad, a Harlem y; Long
Island, al Norwich and Worcester, /; Stonington, 4;
Reading Railroad, y; Hudson Railroad y; New Haven
Railroad y Erie Bends 1871, "a; do 1862 "a; Farmers
Loan q AT the second board there was slight reac-
ton, and prices receded fraction Erie Convertible
Bonds were in demand and the sales large mprov-
ing from the opening Delaware andIudson has advanc-
ed more rapidly than any other stock list When
the last dividend made the stock selling III,
and the improvement since has been with the dividend
temper cent Morris Canal has been in better demand
lately doubtless owing to the large receipts The tolls
this year, up to the 9th of June show increase of
S235I6 81, compared with those for the period
last year. The New Jersey Zinc Company has been
quite firm for days past and outsiders purchasing
for investment in view Of large dividends The receipts
OF the company since the 1t of January have been
ss57S u.s. from the sales paint and the increase
from month TO month is very great In February the
sales only S4l66 81. while in May they $4,000
The company feel confident that the sales of paint
alone dividend Of twenty five per cent per can
ee declared Nothing has yet been officially announced
relative TO the July dividend the stock the Erie
Railroad Company 1t is the prevailing impression that
VIII be four per cent The doubt existing has ope-
rated unfayoraby the market value of the stock
Harlem active to day an advance There appears
TO be strong under in this stock which the bulls
cannot contend against successfully 1t is one of the
most promising railroad stocks the list and withal the
cheapest Norwich and Worcester nearly recovered
from The effects of the unavorabe report of earnings for
May II has advanced about two per cent from the low
est point Hudson River Railroad was freely offered to-
day and freely taken better prices before the close
Heading Railroad is steadily moving upward notwith-
standing the large amount of stock in the market 1t is
in strong hands, and prices will without doubt be main
tanned
The receipts at the Office of the Assistant Treasurer of
CHS pert, to day, amounted to S90225; payments
5000 17-baiance, 4,o92 ia 05.
The Comptroller of the State of New York has issued
the following notice.
CoNPTRoLLrR's OFFICE. Albany June l. 1852
Notice is hereby given the holders of Comptroer's
bonds issued in ls45 for the of four hundred and
sixty seven thousand dollars s4o7 oo0 pursuant chap
ter la Of the laws of 1872 for from individuals
and which are payable the first day of uy next that
in consequence o. the omission the Legislature to
make the necessary appropriation pay the same
Comptroller will continue to the interest at six par
cent. said bonds it becomes due until provision is
made for the payment Of the principal.
The Planters Bank of Charleston has declared semi
annual dividend of six per cent. The Cleveland and
Ptsburg Railroad Company have declared dividend of
eight per cent from earnings up to the LIST of January
last and six per cent for the six months ending
of July
Three thousand hundred and thirty tons Of coal
brought down the Baltimore and Ohio Railroad
last week from the Cumberland regions of which Jos
from the Frostburg Company, 1922 from the
Borden Company, 56s from the Allegheny Company and
435 from the Parker Vein Company We have no report
from the Cumberland Company
A contract for building the Terre Haute and Alton
inois) Railroad has been entered into by Messrs Willis
Phelps VIM Nation, and James Barnes, of Springfield,
Mass This road extends 175 miles, entirely the
southern part Of Illinois These gentlemen have con-
tracted build the read furnish the iron build the
depots locomotives &C. putting the entire road in
running order within three years for the round Of
three millions of dollars The route is comparatively
easy and it is believed that the will complet
ed within two years.
The following banks which show aggregate capital of
S277oo0 have been organized under the free banking
Jaw of the State of Illinois and certificates filed and in
the Auditors Office, up to the Oath of May
Merchants and Mechanics Bank Of Chicago, Chicago;
capital stock 500 COO
The Bank Of Peru, Peru: capital stock 100000
The Illinois River Bank of Taylor and Cofing, Peru
capital stock s250.000.
The Bevidere Bank Bevidera capital stock SIS 600.
The Prairie State Bank, Washington; capital stock
100000.
The Quincy City Bank Quincy capital stock 81 ooo,-
Commercial Bank Chicago; capital stock $4,000
Cark's Exchange Bank Springfield; capital stock
100000.
Geneva Bank. Geneva, Kane county; capital stock
100000.
Farmers and Mechanics Bank of Quincy, Quincy;
Stephenson County Bank, Freeport capital stock $780,
600
The following gentlemen yesterday unanimously
elected directors Of the Hudson River Railroad Company
for the year commencing June IA 1852 Edwin D. Nor
gan, John David Wolfe. Edward Jones. Moses ii Grin
nell, Drake Mills Joseph Tuckerman, j. Boormap John
Henry kemb Cold Spring.
James Hooker of Popghkeepsie Erastus Corning Of AL
bany John Wlkinson* of SYRACUSE James c. Forsyth
of Kingston e New members) And the following gen.
tlemen elected inspectors of the next election
James Boorman, Japhet Bishop, William c. Redfeld'
At subsequent meeting of the board, the following Off
GERS re-apponted Edwin D Morgan President;
Edward Jones Vice President Thomas NJ. North secrc
tary and Attorney.
The receipts of the Macon and Western Railroad Com
pany during the month of May Sls257 &C. against
sl2o72 % for the corresponding month last year-show
ing in the month this year. of $50 o. equal
70 about forty. five per cent.
The Toga Railroad Company in the market for the
sale of 100000 of its first mortgage per cent
bonds and proposals will be received at the Office of s. s.
Robbins Son. No. SO Wall street until Wednesday the
10th of June p NJ for any part Of the above issue
The bonds will issued in OF 81 900 each interest
payable sem annually in this city by coupons and the
principal reedeemabe in 1872 This is one OF the moot
important railroads in Pennsylvania and the security of
ered purchasers of the company bonds ample The
road intimately with the coal business of the
Bossburg region aud its traffic is therefore prnci
pslly confined article Of universal consumption
The road extends north from the rich bituminous
mines Blossburg Toga county Pennsylvania to tn
New York State line Lawrencevile distance of
twenysx miles and at that point connects with the Cor
ming Railroad Of fourteen miles in length forming
nuous road terminating at the town Of Corning situate
on the New YORK and Erie, and Buffalo Corning and
New York railroads and Chemung Canal. The Corning
Railroad Is being la with heavy iron rails and
has been leased for period Of ten years to the Toga Rail-
road Company, that the latter named company will
operate and work the entire line Of railroad between the
coal mines Blossburg and Corning The track Of the
In l.. laES