The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-05-19
COMMERCIAL AFFAIRS.
EY MARK Il r

TUESDAY May 1876 p. M.
There i noh hing new in the stock market to-day. The
street was very inactive this morning, and holders Of
fnsv stocks were anxious their lines without
providing TOO much upon the market At the first board
Canton Co advanced "a per cent Hudson River Rail-
road = Madison and indianapolis Railroad l. Harlem
declined = per cent Erie Railroad, u The transac-
Atoms were limited and very dull feeling prevailed
There appears TO be disposition the part Of out
sders to hold Of stocks at present prices 1t Is
argued that o<hc ancies range so high Is
ahey twelve eighteen months since and that there
has been speculation this seasoa-not withstandng
abe abundance and cheapness Of money-anything like
Ehat has been experienced in previous years This un
soubtedly is correct but it by no means follows that
former prices will be again realized. There are
strong Why quotations stocks generally
bould not 60 fraction above those current.
capital worth in active business five per cent per
and there very few stocks that will yield
quarter Of that amount There is therefore very little
Educcment TO invest in the uncertain, unguaranteed
Jeourtes Of the day; and men Of are employing
their funds more In commercial pursuits in de
property investments, than in speculation There are
stocks the list which actually worth much
than the market prices. These will steadily
their way upward while those much inflated and de-
pending entirely upon speculation for the Of
that imitation, win ultimately recede to proper level.
The receipts at the Office of the Assistant Treasurer
this port to-day, amounted to $l051s2 81; payments
SIS 200 9l-balance, S3766.o42 &c.
There active demand for foreign exchange and
drawers were firm at quotations Bills London
Ne quote al 10 1oa premium; Paris Of. 16i4 a
~ 10 Amsterdam. 4ols 40s4; Bremen rs 49,;
Hamburg 364 36ls Several small engagements have
been made for shipping specie by the Europa
"Wednesday The steamer will probably take out about
pne hundred thousand dollars.
a rrcpn of ha str IF tba na,,
Ion branch Of the State Bsnk of Ohio resolved
collect and the stockholders possible
without pressing the debtors of the bank fifty per
q its capital
Prom the annual report the officers of the Georgia
Railroad Company, submitted the annual meeting Of
the company held at Augusta Ca the 18th instant
we learn that the earnings of the year
ending the 3lst of March, ounted to S795sl1 Is
and the net profits $40 800 Ga leaving after pay
ment of per cent dividend, fund applicable to
other purposes of slSlos7 So The directors say
report that the outfit of the road complete for the
FIRST time since it has been in operation.
The Chesapeake and Ohio Canal Company have received
such assistance from the cities Of Georgetown Alex
andra and from the banks of the district to be
dtion to and is believed carry through
the repairs the canal rendered by
uf the late freshet Georgetown has advanced $4,000
Alexandria and the balance has been up by
the banks The Chief Engineer feels that the
amount Of $4,000 the the time mentioned for the
completion of the repairs viz the LIST of Juy) will be
exceeded lie thinks the damage done is really so
bad that of ls47 and that when repaired the canal
will be worth $4,000 than it before the flood
Active operations commenced all along the line.
On the great break Bear Island about two miles
OF the Big Falls of the Potomac the contractor for the
repair is at work with large force.
The annexed statement exhibits the quotations in this
Tho
tive periods named