The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-04-17
MONEY MARKET.
Friday. April Ia n ID. n,

The stock market was more buoyant to-day and
transactions were to some extent. Kentucky o's
vanced u per cent, Alabama SIS " Pennsylvania SIS
Farmers Loan u, East Boston y, Long Island l. Rel
ing bonds fell of q, Canton y, Norwich and Worce1
u, Reading Railroad a. Harlem r. stonington cid
at yesterdays prices.
At the second bosrd East Boston improved u per cd
Long Island u, Farmers Loan u. Canton declined
and Harlem u. North American Trust Reading ri
road and Morris Canal closed at prices current at
fpt board.
There appears to be any quantity of stock offered
present prices and the bears will saddle the bulls
as many Of tho fancies they want and give them
than they con carry long, and break down the rna,|
with their supplies on hand There appears to b
mania among certain class of stock Spectators to
chase at high prices and sell at low priOesto buy u
a rising market, and sell upon falling market. wi
fancy is down to the lowest point no will touch
but after It has advanced several per cent, specua
take hold of it with avidity. Tho bears understand
movement perfectly, and profit by It.
The Importance Of tho Erie Canal to the prosperit
this city will be better illustrated during the high n
of breadstufYs than 1t has been yet Tho minority
port Of the Committe Canals In the Senate Of
State in relation to the appropriation Of tho sun
ton Of the unfinished public works. exhibits the n
increase In the productiveness Of public works
leads us to anticipate future revenue largo enou
meet all the regulations of tho constitution reati{
the State debt, and provide a fund for their
provement. We con form no idea Of the probabl
come from these works but If we may judge from
annual increase in the past ten years. there is
but that, during the next ten years 1t must be prd
tionably large. All the means within tho control Of
Legislature should be appropriated for the enlarge
and Improvement Of these works, and we have no 4
they will be ample with the usual increase in the
to permit an expenditure to extont sufficient to
all contingencies.
The annexed statement exhibits tho movement
the canals in 1887 and in ls46 =
CANALS THE STATE OF New YonK.
Tons Of merchandise transported upon all the 81
of this State -
In the year 1897 l,lJ
In the yoar 1885, 2,2d
Increase in nine years. ............... 100
Value Of all tho property transported upon all
canals -
In the year 1887. ................... $3.50
In the year 1876. nS,s
Increase in value in nIno years. -. $sss@
Aouo Va PtoPoASy oAfiVin6 Nv sho Houooh W sh
canal In
The year 1887, was. .................. 81
In the year 1916, 1t was. ............ Lit
Increase In nine years. ................ 7
Tho total tonnage on all the canals,
IN 1919, vas. ........ w
In 1916, 1t was. -..'-~t. 21Q
Increase In l846 over l946. .........
Value Of all the property transported on all the
III lofo, WhS 'ViV'o
In ioao, II was. 100
Increase In 646 over l845. ...... $l4,9D
Tons coming from other States by way Of Bufal
Black Rock
IL 1901, wuS'
In 1870, IL was.
-
increase In nine years. ..........
Tons coming from other states and Canada, by
the Oswego canal,
~ iooI' was.
In 1886, the number was. ..............
Increase In nine years. ................
Whom tho enlargement Of the Erie Canal was re|
upon, an argument was raised against It on the