The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-05-24
FINANCIAL AND COMMERCIAL.
u o N K Y NJ A II * l. T.

MONDAY, May 2S-6 7. NJ
As anticipated the market opened this morning very
much depressed There appeared to be life in it. The
sudden return of hot weather ma, have had tendency
to restrict transactions. At the Firs Board Erie Railroad
fell OF 4 per cent Harlem, ii NorSic and Worcester
q New Haven, l; Canton Company advanced i per
cent; Parker Vein, u; Reading Railroad Il. Nicaragua
Transit in pretty active deaud without change in
prices fair amount Of business done in Erie Rail
road but in all others the sales exceedingly limited
There is Lot the slightest indication of active times
in the street the smallest appreciation in the market
value If any fancy stock the list Holders
become discouraged If things do not take favorabs
turn The fancies held by the brokers'
and there is very little probability any change their
location No inducements offered enter the stock
market as purchasers. There is hardly a prominent
fancy the books that is not at this moment sell.
ing for much more than It is intrinsically worth,
and the prospect is by no means favorable for
further imitation The dull is hand when
spectators generally close up their accounts and With
draw from the market During the dry they
ii to watering place, and for time forget all the
exceuents and contests between the bulls and bears Of
Wall street The probability Is therefore, that stocks
ally viii remain throughout the just about
where they at present If money continues plenty,
holders sy find difficulty in carrying them but if
no. large lots may be forced out at great sacrifices.
The receipts the Office of the Assistant Treasurer Of
this Iort TO day amounted to 1924 ll5; payments
ST., 76s 90. bslsrce, s6 $685. TO 90.
The earnings Of the Ogdensburg RsosA Company, for
April 1885, amounted to $3S liz "a against s23 974 a.
for the same tn last year, showing increase of
s4 l3s 20 for the month this year But little than
ole quartz Of the total from passengers.
We learn that the issue Of bonds of the Dauphn
and susquehsnna Coal Co. all subscribed FOR this
morpirg By the stockholders and that very many
rx.f.
entitled TO. BY this arrangement million hundred
thousand dollars OF stock has been retired from the
bc and the provided for the entire pleon of
this railroad (sixty miles il length bylAugust next 1t
Ia stated by the competent authorities tina. the in
cone from this road will be fully adequate to meet the
interest on al the bonds OF the company, leaving the
revenues u their immense coal estate to be entirely de-
voted to the bsneEt OF the stockholders.
The late reports Of NJ. Potts of Potsvle) who is the
Superintendent Ct the mining operations Of the company
are Of the 81 aterng character and there Is every
for believing that the gentlemen who have long
perseye ed in Il cir efforts for the deyelopement Of this
great estate VIII reap both the honor and the profit
which is SO justly their due.
The annexed official notice gives tie basis Of the late
cor OBLIGATION Of tie railroad companies composing the
central line through the State of New York. fnil
nee,iI Of The stockholders in the old companies viii be
held on the 2sth Ct Jure to rahs tLe agreement and
ter ms Of consolidation.
An agreement bearing date the 18th day OF Nay $685.
20 olidste the several panes named in tie first
secton Of the consolidation set into ccmp,ny the
4 name Of the New York Central Railroad Compaay has
been entered into BY the direcofs Of The several
paries The folio sing rates ax sd to Of
i the several companies by the sgrsernent;-
The Albany end schenecady Railroad Co ~ per cent
| The Utica and schenectsdy Railroad Co. .15j "
/ The Syracuse ard Utica Railroad Co ........ $50
\ The Rochester and syrscu'e Railroad Co 40
/ The Rochester Lockport aud Niagara Falls
/ Railroad 20 .........-.... ........4IZo
4 The schenectod, and Troy Railroad Co..,... IS
4 The Moha~ L Valley Railroad Co .......... 1856
\ The Syracuse aud Utica Direct Railroad Co 100
4 The Buffalo and Rochester Railroad Co ..... 140
The Buffalo ava port Railroad Co ......1-5
Each stakeholder ia the present companies IL to receive
the Ike snount at par in the company 1.-THE stock
bolde. u the Schenec ady AID Troy Com paDy the
payment OF SIS per share and for the above dere
certificates to be issued by the company ole
thirty years roca the LIST MAJ 1888 with Interest semi
annually from that Gay at the rate Of six per cent per
snpum, payable in kes York, the compsns being Al
liberty 20 paw in cash any party emit led to than i've
| hundieo dollars.
We understand that the directors Of tho New York and
New Haven Railroad Company have voted not to make
any dividends at present, but TO apply the nett
enrnr rs Of the al 10 the settlement Of DAMAGES ard
deaths by the Norwsk accident We that Ia every
case where damage claimed the company will endes
vor 10 compromise as 10 prevent the commencement
OF suits. Every ~bo has been njred in any way
and the nearest relative of those killed should take
suies at once that viii insure TO them the greatea re
munera.ion.
by the apnual report of the Treasurer OF Georgia 4
appears that the whole outstanding Indebtedness Of tina
stste amounts 10 81, 432,472 %.
The circular Of William 7. Colemsn & Co, OF San Fran
CISCO gives the annexed statement Of imports into tina
| port during the tbrre months ding March 1872