The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-10-28
Professor Barry's wonderful Tr1cophe.
COMMERCIAL AFFAIRS.


Friday, Oct. 27-6 p. M.
This was another blue day in Wall street, for the
bulls Nearly all the fsncies fell off from the closing
prices yesterday, but the sales merely to mode.
rate extent. Harlem declined q per cent Long Island
u, Norwich and Worcester u, Morris Canal /, Read
ing Railroad q, Pennsyvsnia Is u, u. g. $685. X,
and Treasury No.es2 1t s impossible to give salts
factory for the depreciation in the market price
of fancy stocks, which has been experienced within
the past two days The money market IL easy, and,
far judge from operations in Wall street,
Is likely to continue One of the of the
falling of in quotations for OF the fsnoes is
doubt the timdity of holders aud their inability to
hold. There Is q large class of spectators in Wall
street who purchase fancy stocks entirely time,
without sufficient capital to take them up at the
maturity of their contracts and who obliged to
SELL and pay pocket the difference, whatever it may
be. This keeps the market constantly supplied with
stock matter what the state of prices may be.
There are In the list Of railroad stocks, which
the shorts, at present prices will without much doubt
lose money unless they take them once There
Is limit to the stocks to which refer, below which
1t would be difficult to force them there are the
market, plenty of buyers, who would absorb every
share Aoat at prices but little lower than those
ruling.
The board of brokers have by vote Of Al to H. de-
oided that Mr.. Morgan shall pay Mr. Cutting one
Thousand dollars for negotiating the sale purchase
of 100000 Of treasury notes with the Secretary the
Treasury. The amount claimed by Mr. Cutting was
$4,000 but as there was some doubt in the minds Of
the committee, relative to the employment Of Mr. Cut
ting In the earliest stages the deemed
best to compromise the matter and give him half
amount MIR. Morgan vacated his before the final
vote upon the question taken and adheres to his
determination not to submit to the decision of the
board.
A~otho an<h hal
road Company An arrangement has been completed
looking to the diversion of the Eastward travel to the
Erie road by the Seneca Lake. and connection with
the Erie road at Emira. To effect this diversion the
company have a contract for years with the road
running from the lake to Elmira, and with enter
prising steamboat proprietor. These arrangement
carried out, will enable them to land passengers in
New York from Geneva, in fifteen hours, or eight
hours sooner than at present Upon the lake a boat
is to be placed that will the distance (4O miles in
two hours and quarter.
The regularly the New York and
New Haven Railroad, between New Haven and Bridge.
port, q distance of eighteen miles In about three
weeks that portion of the road between Bridgeport and
this city will be opened, and regular trains commenc
running the whole length of the road. The New York
and New Haven Railroad Company have purchased,
ut cost of $75oOo the property at the
and Centre Streets occupied by the Gas Company,
and will soon erect large and commsdious depot on
the cite The Harlem Railroad Company have received
from the city the privilege of laying track in Canal
street. from Centre street to within seventy feet o.
Broadway, for the accommodate alton of the immense
increase of travel expected from the connection with
the New Haven and all the New England railroad com.
panies This will give very convenient starting and
terminating point for the through travel, and re-
eve the track from Centre street to the City Hail.
Of all but the city and city passengers. New
York Ii rapidly building up immense rail-
road system which will in few years. be as
important our numerous steamboat lines and
will give this city impetus great that it
It will outstrp every other in the Union, and
make all others tributary to The Erie Railroad
the Harlem, when finished, and the Hudson River
Railroad If it is finished will open the trade OF an
immense section of country to this city throughout
the year. and give the whole of the which has
heretofore partially been drawn to other cities
hat the second board there a slight improvement
prices current at the first board.
statement Of the foreign trade Of France during
the eight months Of this year, compared with the
responding period Of last, shows great falling of in
the number Of vessels employed. The arrivals, COM
pared with the like period in 1S47 by sos
TONS and the departures by 164 6i4 extraor
binary decay, allowing for the extraordinary
circumstances that occasioned it. In the stocks of
produce in the French government warehouses there
was at tie end Of August, notwithstanding the d.
minished arrivals very great ncrease-ths strongest
possible illustration have of the arrangement
of business, and its effect upon consumption.
The quantity of -four, wheat corn, and barley left
at tide water duringthe third Oct and in the
years 1SA7 and 1S48, is $ follows -
Flour: LIis. Wheat. bu Corn. bn Barley. BIZ. |
49, u.s. .i iss@ iss s 7s isdsis
Increase. :. ... 2120 5S0Ii Dec. 302 2l,59O |