The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-06-16
COMMERCIAL AFPAIRa


The market was not quite so buoyant this morning but
observe dimunition in transactions At the first
| board, Erie bonds 1871, advanced a per cent; ~ A
Trust "a; Bank Of North America, u; Canton Co.. y;
Pennsylvania Coal Co., IL; Erie Railroad, Il; Norwich
and Worcester, Il; Hudson Railroad, 4; IIew Haven
Railroad y; Stonngton, Il. Long Island declined 4
Compared with prices current at the opening Of the
ket yesterday there has been little variation day The
frmness of holders is indicative Of upward movement
Harlem was unusually active this morning and improved
towards the Close We have frequently expressed our
constituent at the reduced ruling for this stock and
have been able to discover the The bear in
fuence against it, for time past has powerful
but the merits Of the read and its prospects have
time considered sufficient put the market value
Of the stock considerably above current prices The road
is completed to Albany and its receipts from month
MONTH show great increase Its real estate in this city
has more than doubled in value within the past two years
and its finances conducted economically and judi
couy. is pretty certain that the stock much
longer remain depressed to the extent it is at present
stoniDgton Railroad of the cheapest railroad stocks
ON the list Its dividends for several years past been
five per cent per annum besides appropating surplus
to the reduction of its funded debt to the improve.
ment of the road Hudson Railroad appears to have re-
covered from the depression Of the past days and is
steadily working upward with considerable sales. Erie
Railroad remains about the same. For reasons best
known to themselves the directors do not seem disposed
TO settle the dividend question which has lately been
agtated.
At the second board there better feeling in the
market and most Of the ncics closed at an advance on
prices current in the morning Erie Railroad went up
"a per cent; Penn. Coal Co.. j Reading Railroad "a Har-
lem 81 Hudson Railroad, a. Michigan Central Railroad
declined 4 per cent
Capitalists must bear in mind that bids for tho first
Al,
Company will be received until three O'Clock on the 10th
day of June, at the Office Of Cammann Whitehouse &
Co. SO Wall street The bonds for 81 900 each re-
deemable first January 1862 principal and interest paya-
bic at the Phenx Bank in New York the coupons for
latter on LIST Of January and LIST July They convert
IDLE into stock up to 30th Of April 1857 secured
by first and only mortgage on the whole road from
Evansville to Vincennes its machinery franchises and APP
Iurtenances The mortgage also the real estate
purchased by the company for dcpots, &C. which cost
$4,000, and 1t is worth The trustees for the
bondholders arc Evan r. Bebb and John T. A. Sanford
of the city Of Of New York Payment will be required
as foowsTwenty per cent notice Of acceptance Of
bid thirty per cent the 18th July the balance on
the I'd Of August or the whole may be paid earlier
period desired by the purchaser to whom the interest
will accrue from the date of payment.
The receipts at the Office of the Assistant Treasurer OF
this port to-day amounted TO 500 $780, payments SAT 253 05
balance S4,135,241 CO.
There has been moderate demand for foreign ex-
change for remittance by the steamship Asia tomorrow
"wednesday. for Liverpool Drawers were firm at our
quotations. Bills on London quote at 1917 lois per
cent premium on Paris, ST II 4 ST. Isl Amste dam
401a 4osi Bremen 1874 7sls; Hamburg, 1914 361S.
The steamer will take out considerable specie
Among the many public securities which have lately
made their appearance in this market the city Chicago
Water Loan uccupes n very prominent position These
bonds issued under authority of an act Of the Leg
ature Of Illinois establishing the Board of Water Com
missioners of that city. The issue of bonds is for
$4,000 and they were negotiated by Duncan, Sherman
Co.. sufficient guarantee Of their security in
vetment The population Of Chicago at the late
thirtyfre thousand the total valuation of taxable
property, ss562517; and the total amount Of taxes in
1851 S63Ss5 separate tax water rates will be levied
for the payment Of the interest these bonds in add
ton to which, the faith and revenues of the city
pledged, both for the principal and prompt payment of
the lnt.Itpt Tho -oroad system recently adopted in
Illinois must it progresses give great impetus 10
the growth Of Chicago and the population and taxable
property Of the city cut increase from to mot
rapidly The assets Of the city valued at $279525
liabilities independent Of the issue Of bonds above
named, 1928 l6S
The successful bids fer the Pennsylvania State loan of
$3.50 authorized by the last Legislature for the
account The whole loan was taken at par
100000 at AZ per cent interest per annum.
$3.50 900 ats do. do. do
The abatement ofinterest this amount makes the bid
equal premium Of about 19o for the whole loan a.
five per The parties who obtained the loan
also offered to take it as follows
$4,000 sper cent interest at 1S1 10, 100 premium
$500 900 do do co. 102 BOO do
This amounts to about tho thing the bid
cepted All the bids amounted to three four times the
sum required. There is no State tax on this loan.
The earnings Of the Michigan Central Railroad Com
pany for the month Of May, 1852 amounted to
s1s3 113 81 time last year. S14oeO1 25inosease
in May. 1852, s12s12 50.
The Merchants insurance Company of Louisville KY,
has earned dividend of twenty per cent its capital
during the last six months
The receipts Of California gold at the New Orleans Mint
during the month of May, amounted to 1914 so Is;
foreign gold S99o7 o5; silver from California gold,
s234o As; silver from other sources, $s741 2stotL
amount Of depostes 1895 2ls el. Gold coined. $4,000
double eagles s4eOoeo silver 10000 half dollarstota
So 600 pieces amounting to $4,000.
The receipts OF the Ohio aud Pennsylvania Railroad
Company during the month Of May, were as fellows
From passengers Sl4 293 40
From freight ......'''.''.'..... QUA 10
rota, RECENT. s2o,ao7 "a
This is exclusive of the mail service which amounts to
about 5000 rsr month The receptsn each month since
the first of January exclusive Of mail service have been
folows:.-
dummy. sl2o5s q April. s5d5a1 u
February .... 1l.OS7 OIL May. 2oy3OI -
March a.. ...... l6o41 y -
II Total receipts i've noats.............. S77,1s6 20
The ssta receipts ,cethe opening Of the road amount
to S11912s 80. The fittsburg GaS.te says
The ,als are now laid about half way between Mssslon
and Wooster and the track is expected to be finished
within about nile OF the lat hr place by the first of
July heavy section Immediately east Of the town, will
prevent its APPLETON further until some two three
weeks longer The trains will commence cumming to
within about mile Of Wooster, or about the FIRST Of
next month Beyond Wooster the work is going on With
expedition and when the tracklayers roach that town
there will pc nothing to Tevent them from proceeding
beyond AZ rapidly strong force can put down the
supersiructure and the rails,
The last annual report - the Central Railroad Com
parry Of New Jersey gives very favorable exhibit Of the
tc operations Of the road for the ending April l.
1852 The company has been in existence FIVE years.
The capital Of the company is s12ooooo divided into