The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-01-23

I28 Peoria Rureau Valley RR.,,................ 80
A0o Brooklyn CITY RR 40
SO American ExchanSe Baos i1sH
ASo scine BANK A 90"
% Bsut state q Now Ycf los
90 s. Nicholas Bs1k ..''.. iiH
20 Williamsburg CITY Ytre Insurance. oo.... lol
10 Broadway Fire Insurance Oo...-..-.....".- ZEN
20 EsceIsior Hre Insurance Co ioox
90 New York Consolidated Stage oo...........sosec
The following sales Of Mechanics Bsok OF B.ooE'yn
stock were made At auction in Brooklyn to-day
Seven shares Of tho Increased capital ssook OF the
Mechanics Bank Brooklyn, being tho fractional
parts Of shares reserved 70 DO sold for the oenens
OF me ssockhoiuors... .''.'.'.'.....''.'"' Ia
W sDsies
IL 40 'ao..'.'''......'.....'''.- ..'.....''s~ AL
At the second board partial recovery YVES realized.
Cumberland Goa! advanced per osnt New Yore oentra
q; Cleveland end Toledo u; Ward Coal Company, Il.
There noaodvy in any leading stock thin afternoon
SO long the different ciques Of bull SPECTATORS
continue boy stocks, long the market IN cusssned,
but Tho moment they stop prices fall off, The money
market In favor Of carrying fancy sockn, but does
not bring In buyers relieve holders any. Every
attempt 10 SOL puts the market Gown, and whsn the tune
comes when holders w DO compelled 10 rscze, st
be easily 4nscsined what the eject must be- b
The Greenwich Insurance Company have declared
semi annual dividend Of eghtp cent payscc February
q tne Brooklyn City Rsilrsad Company four per cent,
cent, payable February 3.
Tho State Treasurer OF kAno reports the receipts Into
Treasury the year 1850 have te32 AT Al
dssbursenszts $3.50 1eS. Baaace in Treasury Dec 81
1850, sl4o, SIT Il.
The Assistant Treasurer reports 10 day a. follows:
fetal rcce,pts e7o62o2 e
Total balance IA 1895 Sc
The laadsales Of the nnsoir Central Railroad Company
for the second week In January 0ooS 30 acres,
yieldng s,o4 COS IT, average Of ST 30 per
The Galena branch OF the road Ia open, and tho
whole Line tn good order can be expected for The
seascn.
year 1855 ere w. oo,oo0
land ofce cash receipts Observation-Disclosures. aes,ooo
Total sasas, 900
or the income from the iAEc UfBos $l27, coo sp
Piled cancel Il8 OF the constr1ccu and IL the
land bonds.
The Bcston aarisa Of The Ais. irsant con:sius the
following significant item ahowisg the result Of small
piece Of railroad Eaancering I'm Mas;aohusets No
all acquainted VITA The resources Of railroad compau.ss
and the financial sysem upon which they managed
for . moment supposes that any one Of them viii
pay any portssn 81 IL Indebtedness close Ito
,tuc'on ac,opnt All old loans, ~ they MATURE must
be pewcd at expense ranging from to twenty per
cent and that amount added TO the principal This WILL
Of coursc, be Independent OF loans made rom time
time, 10 keep the condition Of the work. AID pro-
for bst portion of tbecurrent operating expenditures
which railroad managers contrlve to keep out OF their
anr usl exhibs:-
TEE FAsTERS RAILROAD AsKIsG TOR NoRs TINE
consequence Of the great depreciation value
Of railroad securities the prohibition OF tie legislature 70
btue shares Of the capital stock Of railroad below ts
par values the depression Of business which prevents ~
prerent the sale OF the real ee!ae which the sNd compa
company except great repealed sr ants BY tho
Legislature OF competing lines OF ra,lroat which
srsnt,d sreas he injury Of business Or the
Esssen Railroad company together with me great rs1d
fuckeynan, bas been necessary for years past
to oreso the Of dividends TO the stockhades OF
whom tbere more than 800 many OF them widows
and or phsps and pereons moderate properly depcad
their usual dividends for their support II your
70 mSersiy loaned 10 the company by The acts Of tho
Legislature In the years 1887 and 1885, viii csssarv
gospoDe ns pay men, .. avaenas 70 ne s.ocsnoae,s
other and io:s by oesng them to dispose
Of property or bonds q such rates ~ woed very scroGs
ly njure the stockholders
In 1881 and 1885, (sbout twenty years ago. the State
Of Na'saonuscts loaned the E,se Railroad Company
tate scrp amounting $500 ooo portion OF this scrip
about maturing, and the company ask extension.
The managers acknowledge the inabify OF the
pauy 10 pay portion Of the loan aud ask renewal OF
he whole amount The probability s, that twenty years
beuce the company VIII be ~ little able 70 pay now
and the state will therefore be compelled make The
ton. The State hiss alternative but TO graut the
quest. II 10 . matter Of form on the part Of the
company In asking. We shan some extraordinary
fpancierrg and Legislation regard 70 railroad bonds
within the next three or four years. Within tina, time be-
,wecn nifty and sixty millions Of railroad bonds mature,
not Of which win be paid and cancelled.
The Old Colony and Fall River Railroad Company give
their last annual report tho following Items Of receipts
ne ysre,ps rom ali sources TIM wa, .ea,,od
to ssta 3bo So that the total expenses we're 49,
leaving net earnings for he year sso6 lse ea being
the time the expenses increased only os3 81.
The report the difference in the receipts aud
pcpses running The dorchester and Milton Branch under
,he rev contract mado snoe January last
The severity OF the last winter and The consequent en-
very large outlay for renewal and repairs making an
ucrtsse Of expenses Of Sis2so os. The dreyors say
prove isr better iran those which have been .d down
for several psst, especially OF the Enssh iron,
which has thus been oi,plaeed"
se2ts S. and 10 the cot OF wood there has been re-
etc,ion Of SO 227 g. The amount OF TIE credit or earn.
Ds sier dcductnE the dividends Of Jay 1885, and jan
The whole debt Of the corporation tse close OF the
Iesry accounts was s'soloo, sho 'us reduction Tor the
The company are liable, by lis enecrepYs q the
bonds Of the Dorchester add Milton RsilroAG ~ CSC cc
due In January 1852 for which they have The security
BY mortgage, Of the entire read Of that company This
viii be redwood 9, 600 maturity and the endorse
meBt renewed for e2s, 600 on the security.
TIE road and IL sppurtenapces been kept IN good
order that the deterorat provided for
ofthe earring OF the Joar.
The ,o,ai receipts Of the Great we,,eru tcanads) Rsa
road Company, from August 1885, 70 January g. 1851
wore,.... ................s'...'s ssM
Same me in previous year ..,.,......,... Lz2s,o3o
Increase. sso,oIT
The Auditor General OF Michigan gives Inc following
statement Of the public debt Of ba, gate
FINANCES NIcmelN-yrArp INDEBTEDNESS
..I A.et A. a. m
lows
Urlvsy,ly bones due Jolly 1858 ........... $40 0oo
Detroit ard onusc RR bonds, doe July, 1853. $1,000
peptentsrY bonds due Tsu 1859 ......,... 70, goo
DO. do. 1se0 ............ $1,000