The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-02-16

movement in Reading has been regular corner that In
Delaware and Hudson legitimate and upon { better
basis. Prices ruling nov for Delaware are not much
above the Dtrinlic value Of the stock while those ruling
fr Reading fsr beyond its value even for speculative
purposes. 1t has os time been the opinion Of tbs
shrewdest operators in tie stieet that Reading was
very aood stock buy fifty and TO sell short at sixty
Above that price IL dangerous to hold. Those who
speculate between these points will make safe thing o.
It, Erie Railroad has a been lost sight Of since the
excitement in Reading commenced IT. has not varied
much in arket AID very little is said about its
reaching par very 1t no doubt seems strange 10
these who have such high opinion of that stock how
eight per cent stock thould sell at twenty-five and
three per cent below PER TO who have thoroughly
investigated the financial affairs and traffic operations Of
the company, 1t appears extraordinary tina. present
prices sustained Ii is fortunate that all spectators
do not think alike. Harlem has not varied ono
per cent for nearly month Lately, Transactions have
been limited, and there lie not the arst indication of
imitation The Convertible Extension Bonds Of this
pany occasionally sell Ia the market at ieventy per cent
but three per above tho current value q the sock
In the event Of upward movement being made, and
the stock should up above the ruling prices fer Ex
tension Bonds they would BIS converted and the bearc
would have of supply which the bulls could no.
control that keeps the stock mush depressed
and will fear be long time before the 10
removed Morris Canal has for some time past beec
steadily settling down and 1t appears to be the general
impres that 1t will touch points much lower than
those ruling The old junction has been dissolved
but learn that application will be made for
another We know not upon what grounds the Chan
ceor dissolved the arst uncton but the company
illegally transferring the old s.ccH 1t will not be d-
cult place restrictions upon them again New Jersey
is certainly great plscs fer Law and ustise. Norwich
aud Worcester has been laid on tho shelf. The
nent made in 1t weeks since will last long time
and perhaps by keeping the stock perfectly quiet may
gain enough strength to stand another imitation Hud.
Railroad Is lower thaa week since; few shares
sold daily Long Island does fall of rapidly as
anticipated Holders appear to be impressed with the
belief that is worth much than current prices AMI
exhibit anxiety to SELL 1t i, impression that they
are about right. The company has been doing good
busnese during the winter The Zinc Stocks have bean
much neglected lately very little stock is the market
Buyers have supplied themselves, and the demand i
therefore, moderate. 30 little is known about these
stocks that outsiders show inclination to touch them
Notwithstanding tho large weekly shipments Of specie
from this port and the limited receipts from California
the meney market continues easy and loans easily
effected at rates Of interest ranging below the legal
standard For all binary purposes money abundant
As the featon advances must look for active
demand and the quotations for foreign exchange Dc
not decline the probability Is that shall have moro
the large expectation Of specie Is not arrested in
way easy money market for any length Of time Is
utterly cut Of the question, This Is the important
point for the consideration Of the bankers and Hnsners
OF Wall street, and 1t would be well for them give q.
their earliest attention
The Superintendent Of the Banking Department. Of this
State has given notice that all tho circulating notes Of
the Merchants B1nz late of Canandaigua and now Of
Naples Ontario county, must be presented at the Office
Of the Superintendent Tor payment within years
the fun ds deposited for the redemption will returned
TO the owner of the bank.
The statement furnished day two since respect
Ing the Reading Railroad taken from Off documents
shows most conclurivey, upon critical examination
that in the item Of expenses there has either been gross
error made or that singular saving Of expense hiss
taken place, which at least deserved passing notice
The lave suddenly ed ex
and particular department is spoken Q! showing
where this striking economy has occurred II certainly
looks strange, and had almost said suspicious To
mako these susons plain IT is only necessary state
that in 1850 the quantity OF coal transported was Is7
5o7 tens which the expenses If the roadway depart
mept $l54 $780, ard The dumpage amounted 10 sssss
total. s2fi62s
In 1851, the quantity transported was l650,2,0
tons, which j. an increase OF about 3oo0Qo
tons, and the Roadway department exhibits
IN expense OF SIoo,6o0; dunpsge, S9S,S42;
s"'Ai..' 2Ss%lt
Excees'..' S2SSsj
This Of S26SS3 eco COO TONS In the roadway
department. and dumpage is quite eight cents per
ten while the previous reports of the company show ha
the average expense Of these two items h wenty two
cents per ton II ths had been charged tho
800 Geo ton It would have appeared fail $4,000 mora
than actually charged and Il probably then would
have been correct We nnd the renewal fard ON The
wrong de Of the account SIS T1s co. which he name
gers they believe will be repaid by the usual sppro
priaton Of the coming year This fund should BE- kept
full handed for contingencies and Its deficiency shows IL
to be insufficient to supply the ordinary and tea. OF
the road and equipment No locomotives have bee
purchased DUNG the past year, So ssys the report.
hence the depreciation In the property eIhau.ted tho
whole fund.- ard brought 1t In debt to the general fund
From what we can CLEAN from the report, have NJ
doubt but that the business Of the road the pas
year has been d: stbough the moro tran,
ported has been larger In quantity thsn any previous
year. The shreHd operators in Wall street who look ct
facts cold the stock freely knowing full well va. sell
Ing some three four weeks Since above s yaue and
at that time fifteen cor below its present pe Tho
desperate petition Of the company warranted hese con-
cluons but moving spirit In Pine stree. i'm sgin.a
corner could be cafT,a on and horce laid HE rars L.
has for the moment most essentially nsceed the bear
but the end Of al these movements Is the sons Tbs
party or parties now holding must eli her let 20 hold
all article which cannot be sold but at an enormous s.o
Zee The game Is nearly up and shortly We she'll As,e
the SiGmpeds.
Zone time since gave the aggregate amonn: Of tn.
eadrg departments Of the banks Of this city psds uD
from returns published by each institution The 90.
nexed Is cfncia statement, furnished tie Albany
Er,nins Jeu,ssi ~ the Comptroller OF the State :,
Nav YoRX CRY BAyHs
RcsoWces
spt, q, u, ~. q, ~
N aaxNa n 70
rectors and brokers .. $50 oi0 2J3 q55 1880
Lean. and discounts 20 directors. ptl sl2i,t0G
All other liabief, absolute or con-
tngent TO brokers. EtTT 449,osI
81 sums due ircm bfoksys. 1914 100 19lI 3ts
Real estate. go. 23g7o79 2GO,.sS
Bonds and mort cages. ASST 24i52T
iocks ............ $780,. 18i4s79 <92l0l6
PsoLnissory notos ether than for
loans and uiscountl.......,,. 2CBno rQtgN