The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-04-30
FINANCIAL AND COMMERCIAL.



matters TIE supply Of capital far in advance Of the
demand and the surplus cannot find employ even
in fancy stocks The banks find It difficult to keep MP
their line Of discounts and w without Doubt show Ia
their next weekly statement further contraction In
loans In the midst of this plethora In the money mar
ket find speculation Of consequence going on in
fancy stocks That class Of securities is we'll held and
amount pressing for SALE but there an absence
Of buyers that tends materially to keep down prices
The fancy stock list is, general thing, neglected
One or two prominent railroad stocks strong friends
and pretty well sustained while the rest have not
moved upward but moderately during the past three
four months Fortunately for the stock market and for
the bankers securities have improved much in
actual value that prices could not have been KEPT down.
under reduced supply of money. There are
very few stocks operated in daily at the board which
are in really fancies few years since the street was
full Of them Now, not above half dozen can be
scraped together This gives better basis to specu
laion. 1t true of the substantial secur
ties the market have within the past year. own
almost far and fast the most worthless fancy
in years previous, but there = recuperatve power
which prevented confidence from disappearing altogether
and induced many TO bold, In the most gloomy pc
RODS, for return OF better times good portion Of
the depreciation has been removed and the public mind
is filed with confidence in future values II is soms
what strange that with this extending cheapness and
apunoance OF money, tner6 Is more activity aud
greater imitation in stocks Present prices cannot be
sustained in the absence OF buyers The market must
be kept moving to keep healthy, and holders do
something to attract new operators.
The amount of specie exported from this port from
January to April %, 1855, both inclusive ST. $780,
6s2 against for the period the previous
year, showing an increase this year of $3.50, 624.
Albert Nicolay's regular semi. weekly auction sale
of stock and bonds will take place Monday next me
3oth inst, at 12 O'Clock, at the Merchants Exchange
The cash balance in the hands of the United States
Assistant Treasurer of Boston, the 2sth nst was
as folows-Treasury account, s41H 1888 At; Post Of
fee account, $13l 900 81 ION deposit $23s 247 53-to
tai, 4,511 1882 81.
Sometime since the stockholders Of the Harlem Rail.
road Company appointed committee to nominate suit
able for directors to be voted for at the next
annual election THAI committee have not reported yet
and there is guaranty that 1t will The stockholders
WILL therefore be left to provide ticket for themselves
and Is full time that they looked to it, The rst step
fer them to take is to withdraw all old proxies. ANY
and every stocs holder who has given a proxy
should hunt it up and that it is annuled destroy
ed. If they cannot find the individuals to whom they
given send revocation to the president Of the
company, which will be effective enough to block any
inside gme. The election takes place the 18th OF
May 1t 10 an important one, and every stockholdor
should attend personally possible. Wall street bro
kers hard at work drumming up proxies and they
will get control of the road again II possible.
The anthracite coal tonnage from the Schuylkl re.
gion enorn last week-larger than before
reported any week. The Reading Railroad brought
down, for the week ending Thursday the extraordi
nary amount Of IS TOMS making, with that previous
y brought down this year. 4s9 TONS against $780, 7o5
tons to the time last year. The shipments the
Schuybl Navigation for the week also very large
reaching 81 21S making for the 165 TONS
against 142 sos tons to the time last year. The
high Navigation Company is just getting fairly at work
The shipments FOR the week ending on Saturday last
were % 1876 TONS and for the tine Al $50
TONS THIS rather less than corresponding time last
year, but the difference win probably soon be overcome
as is understood that the company has made arrange
ments for increased shipment On the last years bust
ness.
The annexed statement exhibits the comparative posi-
ton of the three leading railroad companies the stocks
of which operated in extensively this market &C.
cordng to Official returns OF 1854 estm ated receipts
for 1855, upon the basis of income already realized
COMPARATIVE PosiroN OF LEADING RAILROAD COMPANIES,
1854
Gross Net
Cost per earnings Expenses earnings |
nuie per mile per mile per mile
\. Y. Central RR... $65,57o s1o,t17 s5,4s7 5000
Si a. e R ss ssS ss 10 as ss
n. Y Central RR... $s5.57O $l2,615 sG,559 $6,o5s
N. Y & Erie RE-. 1876 1887 6875 6,182
Phladera Reading 2to,7oo 5o,1i6 2s,5a 2o,Sol
Total Net Total Net Elrnings
1855. Earnings. Cost on Cost
NY. ep.R R. SO, 1888 9J4 $35, $3.50 o., per ct
.6ErieR r. 2s4524S 36l5U629 9 per Ct
Phil l. Read.RR 2,443,6l2 1s,464,l15 13 per CT
M hfs .sgn. Ms,
&C i {; . .s ssS &; 81.
N.Y&ErieRR 1,75900 l0s6,24s l0O2s,959 10 pet 49,
Phi.&Resd.. 1892 lsss,32O s5oO,ooo % pet s5H
In making up the returns for the present year
1s5s-ws have taken the per cert increase in gross
income thus tar, and estimated the receipts for the
year at the rate, and in arriving at the
penses per mile have taken the per cent
ported last year, viz, For the New York Centrs