The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-03-30
CoMMERCIAL AFFAIRS.


AorpAv, March 29-0P. n.
The stock market opened heavy this morning. and con-
tinued depressed throughout the rst board Reading
Railroad was moderately active but could not be sustain
Cd Compared with prices current at the close satur
day there was this morning decline in Reading Rail-
road OF per cent; Erie Railroad, Harlem, u; Della
ware and Hudson, u; Zinc Company, u. Nicaragua
Transt Company advanced per cent, with small sales
Speculation In Wall street has fairly out The bubble
has not violently collapsed but 1t has commenced sink
ing and will probably quietly settle down to the original
shape and sze Brokers in the street. depending upon
commissions, or those depending upon q commission
business for support profits have lately had hard
time and many have doubt been compelled to enter
in specustions TO keep their heads above water little
longer There outsiders in the market They are
swallows in winter, and equally wild They
hover around the outskirts Of the street. afraid to enter
the Offices Of either bulls bears In the meantime the
regular specializing brokers fleeing each other How
long this state Of things likely to continue depends
rsy upon the ability Of the street operators to keep
the ball up between them They have thus far had the
game entirely 10 themselves and outsiders seem well
enough pleased with looking apparently with de-
sire to enter the lists either side.
The receipts nj the Once Of the Assistant Treasurer Of
this port to-day, amounted to S95,032 payments,
S3l GAL 9o-balance, s269I ,507 20.
The amount Of Cumberland coal brought to tide water
the Ohio and Chesapeake canal during the week end
ing the 9th instant, was 309s tons:
Bids for the bonds OF the Indiana and Belefonaine Rail-
road Company amounting $3.50 600 win be received at
the Office Of insow, Lanier Co. 50 Wall street. until
O'Clock tomorrow, Tuesday. These bonds in
bearing per cent interest payable semi annual
~ principal payable in 1885, secured by mortgage Of the
whole property Of the road and convertible into the
stock Of the company the option Of the holders The
tI,,at
is limited to ssooooo of which 100000 have been dis
posed and will constitute the whole debt Of the CON-
pany.
bill TO repeal the supplement- Of 1850 to the act in.
cooperating the Reading Railroad Company in
the lower house Of the Legislature OF Pennsylvania on
Friday last. As the bill fully explains the object we
give il entire
READING RALRoAp-FLoATiSG DFBr vs. DIVIDEND.
SECTION BE IL enacted by the Senate and House of
Representatives In General Assembly met that much
Of further supplement 10 act entitled act to
thorze the incorporate the Philadelphia and
Reading Railroad Company approved the second day of
February donini thousand eight hundred and
fifty be and the same is hereby repealed
SIC THAT il shall not be lawful for the said Pha-
delpha aud Reading Railroad Company to declare any
dividend Or dividends until they shall have first paid all
debts due by said company up TO January first one thou
sand eight hundred and ffty-two.
SEC 3Ihat it may be lawful for all the creditors of
the said Philadelphia and Reading Railroad Company to
proceed and collect all claims and debts against said
pany under the existing laws Of this commonwealth.
any law heretofore passed to the contrary notwthstand
ing
This is an honest and just act 1t is the result of the
sober second thought and although rather late to do
justice TO the old creditorthe old is not
too late the class Of creditors Within the
past two years since the Legislature compelled the
company to close its construction account floating
unfundcd debt of than and half millions of
dollars has been contracted and it is for the purpose Of
preventing increase Of this debt to provide in
way for the payment Of all accruing liabilities that the pas
sage Of the above bill required The Reading Railroad
Company controls immense influence at Harrisburg;
and its unlimited it will only by hard
work that such laws will be passed the creditors are
entitled to, such their protection demands
The annexed statement exhibits the quantity and
value of certain articles exported from this port during
the week ending the 9th instant distinguishing the
tina,ion and extent Of shipments to each place.
COMMERCE. PoRT OF New YoRK--WErKLY EXPORTS