The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-04-28
FINANCIAL AND COMMERCIAL.


HONEY MARK q +.
. FRIDAY, April 27-SP.M.
There not much change in quotations for stocks
to-day neither was there much activity In the market
At the hrst board, Reading Railroad advanced psr
cent; Erie Railroad, NJ Cleveland and Toledo Railroad,
u. Cumberlsnd Coal declined Z per cent. Railroad
bonds have been duh for some days. but prices have
been pretty wen sustained. State stocks have not been
operated much within the past few days. Only about
three or stocks Of this kind offered to any
tent principally Of Western and Southern states. Read
ing and Erie the most prominent among the railroad
stocks and they appear managed by strong parties
The former has merit and worth enough to sustain IT,
self without the aid Of spscuators while the latter de-
ponds upon street operatorr This former has In
the perspective unprecedented dividend, out Of the
earnings Of the fst six months of the present fiscal
year, while the latter has nothing better than small
scrip dividend under the most favorable circumstances
and monthly receipts to show considerably under the
Official estimate The Reading Railroad Company returns
for the month Of March, this year. compared with last
exceeded anything within recollection in the way Of
railroad earnings The net earnings in that month"; this
year. amounted to Sle5 49, against $40 13 for
the same month In 1854, the length of road.
This ia state Of prosperity and productveness unpre
cedented In the history Of these works in this country
Such an exhibit never WAS made before by any com
psny but the Reading will make many such during the
tuObc
the progress Of such important work that upon
which Of coal the seaboard depend for that
necessary article Of fuel The Reading Company saves
10 more than the entire cost Of the road every
year, in the market price of coal
A new stock-that Of the Hampshire Coal aad Iroa
Com any-was this morning introduced At ths board.
This the first stosk that has successfully passed tbs
and searching ordeal and scrutiny OF COMMITTEES
of the hoard and Afterwards the board ITSELF STAGE the
Schuyler frauds. The oYerssues Of the Htrlen, New
Haven, Parker Vein, Phoenix &C., &c, having en.siisd
heavy losses the brokers' justly rendered them very
cautious to the stoc they deal In hereafter. Many
applications from newly soynsd companies for admission
10 board have proved unavang and been rejected
The rigid xsmnaton which the affairs Of ali compa
mics subjected that apply for admission is q
most important conservative element, as Il affords
guarantee to capita lists that there is basis bottom an
value the stocks admitted and that .hsy do not
rely upon fancy speculations for their sales. rne
Hampshire Coal Company Is legitimate enterprise,
In which men of cha acter enterprise experience and
capital are engaged. 1t acts under joint charter
granted by the States Of Virginia and Maryland, anil
owns valuable coal and iron lands in both States This
best evideu Of the quality of its coa furnished by
the facts that the Baltimore and Ohio Railroad Com
pany buy from it, under contract 900 tons per annum
locomotive and shop being more than one half OF
the wants that company at the eastennd Of the road
and that the Northern Central formerly the Baltimore
ard susquehanna and the Baltimore and Philadelphia
Railroads take their entire supplies from this company
The lands Of the Hampshire Coal Company, Cl,ooo
in extent 1t is believed contain more coal that is
accessible by existing to market than those OF
any other company in the Cumberland region, and yet
its entire capital is but 100000 1t out OF deb,
and whatever it makes WILL therefore, be divided among
its stockholders. At $25 psr SHARE it will have but
$780, capital to pay DIVIDENDS being less than the
bond and mortgage debt of coal company OF the same
region.
At the second board prices current In the m ,rning
ruled We notice that most Of the transactions were
far cash sellers option There was movement In
Panama Railroad stock, but it was downward. About
six hund ed shares were sold.
The assignee Of Messrs. Page, Bacon Co., o. San
Francisco gives notice that he Il prepared to pay thirty
per cent on the amount Of drafts of that firm the
agents this city Boston, Philadelphia st. Louis, Gin
cinnAt Louisville Baltimore and Pittsburg, which bear
date from the 9th the 18th March last both days in
elusive and requests holders Of srch drafts to present
them to him original and dupi;ate, at the Bank o.
America, and after Friday, 9th inst
The transactions at the Assistant Treasurer's office