The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-26
N ON f Y Nj ARK EFT.

nj.
At the close Of the stock market yesterday prices were
buoyant and there activity in the street
Reading Railroad in demand, and advanced rapidly
from the opening. The Philadelphia spectators in this
fancy will clean out the market and then they will
find how easy 1t is to carry such amount of stock with
no demand. The shares Of this company range
within two three per of the market value Of the
bonds. which secured by mortgage the entire
property Of the corporation There inconsistency in
this which must deter outsiders from involving them
selves in such bubble The in Erie is nothing
compared with that in Reading The bears will soon
realize fine harvest out of this imitation Erie Railroad
has, during the past week huctuaed between IS per
cent 1t has not teuched the latter figure, except
time. There many heavy holders looking anxiously
for that point, for the purpose Of realizing 1t posi-
bic they may not be disappointed but it would be well
enough to clear out at fraction below the price every
one is looking for Ninety per cent for Erie Railroad is
high figure and although it rules within fraction
oft decline of ten per cent may take place before
fraction Of one per advance produced II is
stated that the earnings Of the road this will be
very large. If the bulls may carry the imitation lit
tie further, and give the bears a better margin for
fan Harlem Railroad moves just contrary to general
pectation few days ago there considerable activity
in the stock and prices moved upward pretty FAST but
the bear interest prevailed and successfully ham
mercd down to the starting point depression Of this
stock IL most extraordinary Its prospects better than
those Of railroad company in this section Of the
country and its earnings already large enough to give
good dividends the par value Of the stock The low
price ruling favorable for those who purchase for in
vestment Norwich and Worcester and Stonngton have
been in moderate demand during the past week but
prices have not been sustained those being about
u per cent below rates ruling last week Hudson River
Railroad has been seriously by the operations of
bears and probabilities Of competition the
river throughout the travelling season. Phenx Mining
stock has been quite active lately prices rapidly
improved Its merits not yet generally known When
they the stock will undoubtedly command higher
rates New Jersey Zinc has for days past been
steadily declining The sales lately have been exceed
ngy heavy and large quantities Of changed
hands. The excitement in Canton has suddenly sub
sided Prices have, however, been pretty well sustained
Morris Canal Company have made their annual re-
port and although said II would speak itself yet
1t may not be deemed inappropriate make remarks
on this document. The report shows that the gross in
come had increased just S5567 49, This slim enough
q capital Of upwards Of s5oo00oo The report says
the profits Of the years business S642s5 % which,
together with the accumulated profits Of the previous
year has enabled the directors the demands upon
them for interest the bonded debt pay divi-
bends the preferred stock at the rate Of 10 per per
annum There appears to have been issued altogether
GO55 shares OF preferred stock amounting to S605500
The issue Of preferred stock during 1851
S179sJ0 which presumed to have been taken at par
though the report silent that branch the subject
If the directors had not saved as they asscr the accu
mutations Of the previous year, there would not have
been earnings enough hand discharge the interest
the bonded debt and dividends the proferrod:--
The interest S2G06l IS
Dividends on preferred. 42l47 81
S6s 300 20
Amount earned a. per report SCI 2S5 %
Deficiency Observation-Disclosures. 1924 06