The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-11-21
WkDE nspAv. November 2

The stock market ives not so buoysnt this morpiny-
and there indications Of . decline In soma Of the
smaller fsnoies The is not 30 much q want N
confidence among hslders the effect of 4 sontsst
going between the different speculative part,ss and
different classes Of holders There are three parties
holding large lots of Morris Canal and they do not
agree in their movements, the probability IL that one
of these days several thousand shares Of stock win
suddenly come upon the market and prices may give
way several per cent. This has nothing 10 DO with
the value of the stock investment with the pros
poets Of the company with the value Of Its dock
perty In Jersey City with the business
Of the management in any shape, but solely and en-
trey with the Of speculstors and their in
fuenoe upon prices by controlling many thousand
shares Of stock. Cautious people hsvs, within the
pact day two been sellers to extent in antici
patton Of some rupture among the cliques Who have
become deeply involved in this stock The bulls and
In Erie Railroad stock have been in the highest
state of excitement during the past two days and the
contest has been carried equally that 1t Is Diff
cult form any idea relative to the result Yesterday
afternoon the stock touched eighty per cent fell
of this morning, and closed with down ward tendency.
Eighty If most extravagant price for Erie and sell
at that rate will realize large profit It is
the bert fsles on the book. Reading Railroad holds
its WELL and before the closing Of the books for the
dividend higher prices will doubtless be realized Tho
large dividend payable the FIRST of January is very
attractive to spectators and induces large purchases
Harlem remsins about the same. = appears TO be
difficult to prices either wsy nr~ch. The usual
dividends will be paid in February NE arrangements
recently made by the New Haven Railroad Company
for the transportation of freight from the Housatonie
and Eaugatuok roads, will add largely to the receipts
CT the Harlem Company
At the first board, to day Erie Bonds old fell of q
er cent; Morris Canal u Erie Bonds new advanced
u per cent, and Farmers Loan 4. All others closed
ut prices current yesterday The transactions were
unusually large.
The steamship Africa from this port for Liverpool
aired out 500 262 in silver coin The decline In rates
for sterling exchange prevented large shipments o..
gold. We now look TOR stssdy falling of in quota
tons for foreign exchange aud in the premium on sill
yer coin. The sbipments OF cotton have been very
large lately and we have doubt bat that in q few
months this market viii be flooded with cotton bills
which will materially reduce rates
The receipts the office of the Assistant Treasurer
OF this pot to- day. amounted TO $751; llsT2 payments
S45l2 Is balance So 37,4s6 &c.
There is something the matter With the Bank OF
ming Its bills back from Albany to. day
There is screw loose somewhere.
We understard that the bills Of the Meohsn and
Nsnuiacturers' Bans, at Providence, +. l., are now
received at the Suffolk Bank, Boston.
The report OF ~ per cent dividend by the wsrces-
ter and Ns,hus Rsilroad Company Is, we understand
incorrect The dividend will probably be 50 rs per
share.
The receipts of the Philadelphia and Wilmington
Railroad Company for September 1850 scllee Al
for October, S55sl6 rs On this road, July and Au-
eust the best nopths-the receipts 10 each the
pa;tsunmsr, averaging $4,000. Since October, ls40,
there has been but month (Deoember) in which
the grofs earnings have not exceeded $4,000. t.
The stockholders of the Utica and Schenectady Rail
road Company bed meeting yesterday morning, In the
rsom Of the directors OF the Phoenix Bank They passed
resolution adding rs per cent to the Of their
capital stock which at present Is $500 o0o to be in
creased 1925 COO making S44s50oo The increase of
capital will be paid out of the earnings Of this
full road <oper cent of tho increase will be Issued ct
once in the shape of scrip and win yield dividend of
sper cent the LIST Of February next the old stock
yielding one Of per cent at the same time. The
balance Of the increase will paid some time
not until 1852 or SO All who stockholders on the
books Of the company the time OF closing their books
for the next dividend will be entitled to this increase
The law of the State prohibits than 10 per cent
per annum to be paid In dividends and the present
method Is resorted to Of dividing surplus earnings
ofthe company amsns the stockholders.
Sufficient stock 20 the Penobscot and Kennebse Rail-
road has been subscribed for and taken autherse
the organization Of the company, according 10 the
a
Bangor for the purpose the 9th Of November The
eastern road from Bangor to the line OF New Bruins
wick, has been surveyed and It Is expected that the
engineer win make his report on II soon
Applications to be msds to the ensuing Legiss-
ture OF New Jersey by the Delaware Bridge Company
near Milford, to seus stock for building new bridge
the old one having been carried away by fssht by
the Sussex Zinc and Copper Mining and Manufsctur-
ng Company for permission to held estate In the
city ofNe~ark and also for liberty to increase their
capital to 100000. Tho last named company has
Been but abort time In operations II manufacture
the eei'orssd zinc paints, and contsmplstss mining
It's zine ore for shipment TO Europe 1t has the most
valuable and extensive ripc mines In the world and it's
white paint made from that metal must ultimately dc
away entirely With the Of white lead for that pur
pose. IL has on exhibition at the Exchange metallic
zinc OF very superior quality much better than any
manufactured abroad. We no longer dependent on
Europe for this article AZ the fun capital OF
this company Allied it will be able 10 supply any
mand for ts manufactures which Il able to do