COMMERCIAL AND MONEY MATTERS,

~ For sal. of Socks at the Exchange see Last Pd4
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TUESDAY. P. NJ.
The improved feeling in the Stock Market con-
nues and quotations for the fances are better at each
sale Prices are low that the strong men at the
Board are absorbing large amounts Of stock


The Exchange Market is very dull the importers
being indisposed buy TO any extent in the present
,ate of the Money Market and with the uncertainty in
affairs Washington impending over the business OF the
country Sterling nornina.ly sidss Francs very dull
at52 sale OF 300 900 francs, said to be on Govern
ment account, made yesterday at 53l4.


The Erie Committee made unanimous report 10
the Board to-day in favor of the Shorts. Tne oecs
ion was made the ground that the stock offered was
portion of the original millions o: capital and nat
the Company had undoubted right to issue IL That
was paid in the Indebtedness OF the Company and
not in cash, made difference in the quality oil the
stock The right convert bonds into stock was gwen
more than year ago. and if the buyers had this kind
of stock in their minds eye when making the contracts
it was no fault of the seller It is believed that the Board
will adopt the report The matter is to be discussed TO-
morrow the Board to meet at 10 o'clock instead OF lOi
to give time for the discussion.


The bill for reestablishng the credit of the State
was reported in the Indiana Legislature on the 18th inst
and printed for the use of the Members Our advices

in the passage of the bill by strong vote.


The Annual Report of the Reading Railroad was
made yesterday, and very satisfactory The fund
ing Of the floating debt, Sl5oO,OOO at par, was an
nounced-detais given by the Engineer and superin-
dent OF the Road to bridges and tear OF track
iron and cars and an estimate of the business for next
year. 1876 which competent persons ready and de-
s-ous to contract for


During the year ls45 after paying interest and all cx
penses the Company has earned three cent on the
capital stock and had the floating debt been all previous
" arranged could have probably declared it.
For 1916 the Directors estimate receipts 81 725 900
Expenses fully allowed for (aboup 737 600
Balance TO pay in.eres to stock bid holders S95su00
Interest on bonds 1900 600. and per cent. 10000


S575 600
Equal to 1877 dividend for next year, 1876.
The entire deb, on the 30th Nov. last was 3ls53O
From which deduct cash & cash as'ts- 62,l79
Permanent mortgages ----.--. l24,oOo


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