The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-01-23

nenot north to Chatham Four Corners. COnse-
ouently the earnings OF the Harlem road for the
ak months from April to October should be IN
Guided In the report OF the Central and Hudson
Are theyf The New York Central report for 1872
az follows :-Mues OF road leased. I04 in 1873.
1ls, an Increase OF only IA miles OF leased road
for the year. The Harlem road Of 1873 miles, there
fore. cannot be included In these figures. Conse-
quently IL Ia not to be supposed that the
earnings were. But the report OF 1872
says the company paid for leases and
rents ,799, and for 1873 $743,3SS. an
increase OF S6965s Tor an additional leased line OF
only IA miles. II so, 1t Is rather highpriced line.
Now, as one dividend of4 per cent on the Harlem
stock and the interest payments on its bonds
(which would have become due from April to Oc-
tobep would have amounted to the sum OF about
$4,000. Is 1t not reasonable to suppose that this
IA miles (Which the report acknowledges only cost
about 0OO0), and that while the Harlem earnings
ana payments are both included In the report or
the New York Central and Hudson River Company,
the Harlem smiles" are excluded in order to make
things look SWEET This additional 1873 miles OF
road makes the reduced cost of main tenance Ofroad
and machinery claimed by the report to be
1,797, 233) still more questionable Explanations
will now be IN order
THE MONEY MARKET.
Money continues easy and abundant at s per
cent as the ruling rate and and per cent for
exceptional transactions. Prime gilt edged paper
was marketed at from on to per cent. Foreign
exchange was active and strong, and leading
bankers rates were advanced to As4k for sixty
days and 4.ss for short sight. sales were made
during the morning at 4.s3 and 4S8K. CONNER
cial sterling was scarce.
THE FOREIGN MARKET.
London advices reported consols steady and
American securities dull and heavy at the open
ing, but at the close cOns0ls were weak and Amer
lean securities frmer. Erie was weak and Central
steady. The increase in bullion In the Bank OF
England for the week was E2O9, 0OO and 10000 for
the day. The proportion OF reserve to liabilities of
Bank OF England is AN per cent, against 4sH
last week. Rentes ct Paris were easier and de-
ciined to SSH 16c The bank OF France gained
IL, 24s,ooo francs during the week. Prices in Am
sterdam we're as ollows:-Central Pacific first
mortgage bonds, "a a s4H; Union Pacific first
mortgage bonds, TAX 741; Northwest preferred.
e2N; St. Paul preferred e2a; Union Pacific stock,
500.
THE UNITED STATES TREASURY.
The balances in the Treasury at the close OF busi-
ness to-day were Currency, 81. 920,514; special
deposit Of legal tenders Tor the redemption Of GER
tifcates OF deposit, So 900; coin. $s5 SOL, 344;
including coin certificates, $45, 77s 900: outstand-
ing legal tenders $685., O67, 1877, decrease since
yesterday Of $234, 900 The internal revenue re-
ce1pts to-day were S1sS, 000 The custom house re-
ceipts we're $2s5.OOo. The Assistant Treasurer
paid out to-day $11o,O account OF interest ana
$32, 900 in redemption or nve-twenty bonds.
GOVERNMENT BONDS
Government bonds closed firm at the following
quotations United States skies, 1881. regis
tered, 117H 1173s; do. do, do, coupon. 11Sh q
11sh; do fve-twenties, registered, 1881; do. do.
1882 coupon, Hay 114%; do do, 1854 registered,
116 do. do, do, coupon, 1l614 116H; DO do, 1885,
registered, 1867 do. do. do, coupon, 117h 117H;
do. d. do, new, registered, 115X; do. do, 1865,
coupon new, 1867 1l6 do. do, 1857, registered,
117H HIS do. do, do, coupon. 117k HIS;
do. do, 1883, registered, 116k; do. do. do, cou-
pom, 117H; do ten-0rties. registered, 112Xa 113H;
do do, coupon. ia 114A do. fves. 1881, coupon.
ll2x q 1929: do. six per cent Pacific Railroad,
1l451 a Ito.
declined from 111A to l11T, advanced to 111x and
closed at u. The rates paid for carrying were
8, 5]s and per cent.
OPERATIONS OF THE GOLD EXCHANGE BANK TODAY
Gold balances. $1.762,0 l0
Currency balances, l.995,3l4
GROSS clearances ........-.........-. ~ 9S4, OOV
CLEARING HOUSE STATEMENT.
Currency exchanges. $76 314, 946
Currency balances. NEUTRALITY-SUSPICIOUS.. 1854, 1855
Gold exchanges. IL Jos, l29
GOlu o3IanceS.. Observation-Disclosures. Z,iUZ,V14
RAILROAD BONDS
were firm. Central PaciHcs sold at 90; Union
Pacific, first, at ssh q s6h; land grants at s1H,
incomes at IS; Chesapeake and Ohio, COX 6ok;
Chicago and Northwest consolidated, 90; New
York Central Of 1887 at 90; Erie, third, at s9 do,
fourth. at 81. The following are the bids as