The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-30
coupon stock, and we presume that they win a
aval themselves Of the privilege.
The following has been the course Of the stoc
market during the past month";

1,;ssn,,; Go &c 90 o. jan !! Jan "a jan 2l jan q
New YORK Central ssx 7.aaa e A., 3 3ss
Beading ..'.... 49s. ~ 80 81 ssS
Michigan Central. as s7x AK ,ssA ass,
s H,,Da,s r 1.S SsaItd. y llssN y. lsx ~
Roct IslaDd. 49,. IS s2& q" ssk SsS
Hndsop River. AK 49% AK az Tx
Pacific Mail...... 1928 75H TAX F7X 7e%
The market continues to feel the injurious effect
Of the proceedings at Washington and at Albany.
The nonorganization of Congress and the infian,.
mafory speeches which have been delivered since
that body met have deferred many prudent indi~
Viduals from investing money in stocks. As SOON
as an organization is effected, the public will pro-
Dabiy take more active share in the business OF
the Stock Exchange. On the other hand the lat
tempted legislation OF Albany which would have
the effect OF seriously injuring all the railroads or
he State, and transferring business from them to
the rival lines in Pennsylvania and Canada, has
likewise exercised powerful effect on the market,
Central is now selling as low a. it sold in
April and May last, when the earnings showed
falling of equal to 100000 q month. Galena 70
depressed by unfavorable traffic reports. It IL
known that there is little or no corn on the line Of
the road, and hence the business IL light. StlI the
price Of the stock ia unprecedented. Parties con-
nected with the late direction, and hostile to the
present management, are apparently working for
the fall. Rock Island maintains itself well. The
corn traffic on the line is very large; last week
A. 900 bushels were brought into Chicago; the re.
cepts for January will probably show forty per cent
increase as compared with last year. The traffic
on the Michigan Southern the Illinois Central, the
md Tola 40 mi I'm ;c1s
wise very large, and the increase over last year
fully up to the expectation Of parties interested.
The Michigan Central is not doing a. well. Read
ing is higher, some heavy purchases having been
made by Philadelphia houses
The general impression in the street appears to
be favorable to higher prices, the usual elements
of rise-cheap money, increasing traffic and com.
mercial recovery-are all combined at the present
time. In former days no such increase in railway
traffic as witnessing could have been report
ed without causing corresponding appreciation in
the shares. Nor win it be different now, though
from the uneasiness caused by political movements,
and the disfavor into which railway property fell
last year, the result Is not as speedy as was ex-
pected.
We subjoin the Pro Rata Freight bill, in it's pre-.
sent shape now before the Legislature Of this
State -
THg PRO RATA FREIGHT Bril-.
An act IN Relation to the transportation Of Frei9M on ne
SeuraI Railroads n tbs STATE.
Frs-Eycry railroad corporation in this state which
noW ~ o. nseaer sna De- engagei IN the transport
up full and complete arrangements and classification in
the SIaer from highest 70 lowest as each railroad cor
poraiion Of all and singular the property usually carried
BY upon the whole or any portion Of the line Of its rail-
Of such arrangement and classification ~ class l.
and g. Such arrangement and classification shall also
contain full and complete specification Of the rates and
prices respectively, at which such railroad corporation
viii transport each article class articles Of property
the transportation upon which is rated 1t the same valve
respectively, which ratio and price for transportation
shall be specified at certain per ton per mile which
rate and price Of transportation shall apply well 70
lesser or fractional part Of ton to greater Quantity
than one tom except rs herein provided) be trans
ported upon the whole or part Of 10 railroad.
par ton, except herein provided rate a.
wei for lesser or fractional part Of ton for 9
receiving, loading, unloading, handling and delivering
and oil and singular the other and things USUALLY
done or performed appertainng to the recsivng trans
porDH and delivering by railroad, property Of the knde
respectively mentioned in such arrangement ciassf
cation whether transported over the whole part of it's
In any article or class of articles Of property
which usually has been transported BY railroad BY the
not by the tom then such specification may be made up
in other reports Aforesaid by the load barrel pack
age or other known quantity specifying the rate per mile
the car load barrel package other known quantity, as
aforesaid and the specific sums respectively for the
ceivng loading unloading, handling delivering and do
ing the other things aforesaid, by the load barrel,
package or other known quantity, and which last sums
shall in exceed the said OF forty cents (lOl
per ton whether transported over the above part
only Of its railroad.
Every such railroad corporation shall at all times take
receive transports Load unload, handle and deliver and
do the other things aforesaid, all way freight and all
property from any station the line ot it's railroad to
any other station the line OF its railroad and from either
terminus OF such railroad to way station, station
The line thereof which it may transport ordinarily
transport each and ali said xay freight and cash and
every item Of and article Of sad property, transported
upon ills railroad at the same rate per ton per
mile az tina, mentioned in said arrangement and
classification and specihca,ion, except As herein
upon portion Of its said rnlroad as upon the above line
Thereof when any item OF article Of property shall be
transported upon any such railroad and the same shall
specifications herein required to be made by The railroad
upon which the same is transported, the same shall ba
said mentioned In said arrangement classification and
specifications aforesaid, for any other item article OF
loading, handling, delivering and doing the other things
aforesaid, the shall be the lowest rates per
article class of ARTICLES Of properly according to the ar
ras cement and classification herein named, shall be
charged price 70, Transportation per ton per ms
tce or class Of articles named in such arrangement cas
shcaton-ores, mineral COAL excepted The same price
ta IN ali cases be for the receiving loading
unloading, landing and delivering and dong the other
acts aforesaid, IN respect to any property whether the
be carried upon the whole line ~ said railroad or
only upon part thereof and such charges shall in all
cases be ccoding to the arrangement csscaton and
specification aforesaid Every lot and quantity Of pro.
pcrty, although the shall consist Of two more
TENS ARTICLES barrels bales, parcels or other known
quantity (being OF the same classification and
arrangement aforesaid), offered for transportanos
al one time, named upon bill Of ladng ticket, or
ether method Of designating the property Intended for
transportation, for name names shall be consider
ed lot and quantity, for the purpose of ascetanng
the rate and aggregate price at which the same shall be
transported, received loaded, unloaded handled, de-
vered and Tor doing the other things aforesaid. Any
fractional part OF oie which such property respective
~ shall be transported when the came shall be trans
ported than mile shall be considered as whole
mile ia ascertaning the price Of transportation OF said
property respectively No railroad corporation OF this
state eha give 10 any station upon s line or ether ferm