The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-04-07

the second statement ID said to have convinced him
Of the necessity OF reducing the fare 70 Buffalo
10 Is. The news was very grateful W the
beers, who sold to-day about ten thousand
shares Of Central on the strength OF 10, the
market closing about opened What benefit the Erie
will derive from carrying passengers al loss remains 70
be seen. Among the Western stocks the most active we're
Michigan Southern uaranteed which was sold down 10
49, sellers options decline Of per cent Az very erro
statements appearing in some OF the papers
with regard to this company and the official report will
not be out till next week. 1t may be worth while to state
that the company has, TO meet its foatng debt OF
81 600, $500, 600 Of its second mortgage bonds
and 5000 c0 Detroit and Toledo bonds Rock Island was
also actve the bears confident that 1t will sell at IS
before long, and they selling eagerly for future de-
livery. Toledo quiet and neglected Among the roads
which have not been attacked By the bears, and
are steadily improving in prces may be mention
ed Panama, which is dong very large business;
Hudson River, which earned during the past six
months four per cent its capital; Harlem pre-.
ferred, which promises 70 be an active stock at
advancing prices; Stonngon, which has advanced ff-
teen per cent within short time. Nissours were not
go strong to day; but the demand at a slight decline
was large The business In State and bouis Goa
tipues to be fair. The government loan does not
move above lo4h After the second board to day the
market unsettled, the following being the closing
pr,ces:--Nssouri 6s, s7sS IL CaDton lo1s 90; Cum
berand Coal, 225{ 23A Pacific Mail, AZ; New
York Central, 1874 a q; Erie, e4 10; Hudson River,
33k u; Harlem, l2S ~ Reading, 5o,s ~ M'ch'
gan Central, sou x; Michigan Southern, 131< Y;
do. guaranteed 3s1< e; Panama. llsK y; Illinois
Central, 6sH 60; Gaiena and Chicago 68I ST. Ceve.
land and Toledo 247x 251s; Chicago and Rock Island,
sex a u; Milwaukee and Mississippi, tax.
foIlou NJ In SuhT rao
day
-ror , oo w
Pay men's... !S9,2oe 25
baHnce oiO,So} 3o
The exchanges at the Clearing House this morning
$23 1857 SO, and the balances 81 ,l03.377 o.
The following letter from Mr.. John W. Garrett, Pres
dent Of the Baltimore and Ohio Railroad Company,
to resolution Of inquiry passed by the City Coun
Gil of Baltimore
BALTIMORE AND Ono RAILROAD
PRESIDENTS OFFICE, April /, 1859. I
JeBN W. RANDOLPH, Esq Chair man:-Your com munica
ton OF the 10th utmo received during my absence
from the CITY In reference 10 inquiry regarding tue
probability Of the Baltimore and Ohio Railroad Company
pay ing dividend in April October Of this year. and
the amount OF dividend that may be paid respectfully
state that the net earnings and present financial condition
for the sca half year terminating 3ist ut which doubt
LEES the Board will declare at early day As tue com
pany free from floating debt see no cause with
udcious management and extraordinary disasters to
prevent the payment Of regular dividends hereafter
J. w. GARRETT, President.
Earnings by the Chicago, Burlington and Quincy Rail-
road between Chicago and Burlington (2lo mies), in
March, 1867
For freight. 1872 oil
For passengers ..................... 1921 ~
For mail and miscellaneous. ............ 1850 33
Total. eOo6a 81
Being s428 81 per mile.
Earnings by the Quincy and Chicago Railroad between
Galesburg and Quincy 200 miles) in March, 1861
For freight. .....$l2,9F 90
For mail aud miscellaneous ...........,,. 672 33
Total. .$29,4 O7 80
Being 1894 OF per mile
We read in the Boston Post of 9Th