The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-02-25
n u N z Y M A II X Il II.

.
There is no.hing particularly important or interesting
in the stock market At the first board to day prices
iteady, but the transactions quite limited
There buyers in the street. aud hodsrs must
be content with merely sustaining tho market II is all
they expect, and doubt their ability to do 50
much longer The variations in quotations to day are
hardly worth recording At the second board there was
activity in Reading and Erie prices In
the morning. The market, as whole, is ia bad way
Speculation is dead and en- outside operator is great
curiosity in Wall street
The receipts occ OF the Assistant T,sssurer of
this port, to-day, amounted to 500 leo % payments
$2b,4l7 balance, So ESQ sS3 40
Mesfrs Barring Brothers & Co in their last circular,
state that American stocks have been in steady demand
ct the following pricessome few of quotations are
however nominal aited States es 1862 inscriptions
1o2s 1ca14 do. bonds lo3a 1c4i; do, 1878 inscrip
tons, lC5A Ice do 1868 bonds leo 10 a; Kentuc
Ky 6s 81 Massachusetts, sterling lo7 1c8 Maryland
sterDg, ss1a 500; Ohio 8, 1o4 1os; Psnnsylvanis
IS, 50 So; Virginia bonds, 81; Tennessee, 94ae5;
Canada 6s Ice; Louisiana Bank shares Els Canal and
Banking Company fi9.
There is apparent pause In the Reading corner occs
stoned perhaps by the fact that the PAL engaged In the
operation have not succeeded in attracting buyers
to enter the ts, and help them to carry the burden
The Reading road /. work Of great Importance and es
sehtiay erviceable In transporting an article Of the
first necessity in large quantities. to markets but while
the road Is performing its functions to tho public the
parties who have had the management OF its affairs nm
der their exclusive CONTROL have abused their power on
numbercs occasions The business of the has been
made to bend to personal Objects and used os the merest
vehicle for stock obbpg operations The road has been
managed more with the view of consulting tho position
Of the "buls and "bears than with thu ultimate re-
suits due to the stockholders Those who have con.
tro!ed its destin'es have relied principally making
large profits from the fluctuations OF the market rather
than from the net returns which the road could honestly
divide The startling fact made known to the pub.
lie through the agency of the Chief Engineer of
the james River and Kanawha Company that
upwards of s155 COO chargeable to transportation
expenses had been entirely omitted, is Of serious
consequence The directors owe 1t to themselves the
stockholders, and the public to explain and If possible
10 refute' this grave charge The quantity Of coal
transported last year greater than before
Red and yet the revenue less than the previous
year. In the midst Of such Encouraging circumstances
to cap the climax the directors boldly proceeded to
clare dividend. This dividend totally expected,
as 1t was universally believed that the directors with
the financial condition Of the company before them,
would not have felt justified in declaring dividend,
which the Virginia engineer has shown most co
was not earned At the close of their last report the
directors empowered tire President and Finance Com
mitee to enlarge the debt with the convenient end in
view Of extending the improvements. The debt con-
tinues to increa.e rapidly and it is impossible to tell
where it viii stop. The floating debt is now more than
one and half millions 1t is curious to observe how
proofs are multiplied and carried by the help Of
figures to convince the public through aSo.ed reports
that business prosperous when the reverse papaby
the case.
According to the report Of the committee appointed by
the Legislature Of Nsw York, to examine tho State
Treasurer accounts and tho and Banking Depart
ment appears that have been realised to the
State from the canal certificates Of this sum
$9lloto is Deposited in the Banking Department, q.
security for the circulation Of banks doing business
under the free banking Law. The annexed banks have
the amount affixed to EACH