The New York herald., 1850-03-18
COMMERCIAI APPIIRS.
Sunday, March H.


We nnd the opinion very freely expressed not only
In Wall street. but out Of IT, that upon the
subject Of stools and have tendency to
check the spirit Of speculation In this kind Of property
They appear to think that the speculative spirit
abroad nov 90 busy In ships coffee cotton real estate
&c Se has left but gentle impression on the stock
market, In comparison with its former effects when
oonfdence vas everywhere and money in sverybodys
pocket, a. appears to be This is great mis-.
tahe-prices Of fancy stocks higher st this time
when their sctua condition IL deliberately considered
than they have ever been since the stock exchange
was established They consist Of few bankrupt rail-
roads, hopelsssly upproduotve csrsl companies, d.
lspidated trust companies, and one Imaginary Dry
Dock company, somewhere In the moon. The public
at large undsrstand these matters 40 well % the
schemips hrokers-have paid for their ksowlsdss By
immense losses, and ere not willing to be taken In By
scssdaous mir.presestaoss the shape Of directory
reports the cold bioodsd faisehoeds Of schemins
spsculstors II ID calculated 10 keep inno-
cent people from dealing In material known 10 be bad
and worthless, our object 10 attained.
Those stocks which universally known a.
fancy stocks, are the Harlem Railroad the Reading
Railroad the Long Island Rsilrosd the Erie Railroad
the Norwich and Worcester, the stonington and one
two others Of like character or these the best man.
aged and most valuable IL the stonnston Its debt 10
small lie Standardization able i directors honest aud
lie prcspsets improving yearly II s seldom quoted at
the Stock Beard the suret evidence Of s inorsassg
value. We have then, the Canton Company. the Far
mers' Trust, and the North American Trust Company
The Canton Company he's value and II entitled 10
sdsraiion Since this fact became apparent the price
has been steady and operations In Il diminished
more than one half The Morris Canal Company and
Pertsmouth Dry Dock, TO which must bs added few
millions Of railroad bonds 10 make mp the st for the
game Of heads the brokers vins tails outsiders ioss
We bsve ssid 90 much about these stocks, that one
would suppose that nothing remained TO be told
That's mistake svery dag asdfsouethss new, which
the pablic ought TO know and which tssds more and
more TO eueidsts the wichedses Of the wire puisrs
and the folly Of permitting oneself 10 be oeeosd By
them one would suppose that BY this time the trick
sers themselves would laugh ct the folly Of their VIC
tins and in pity leave them alone.
wuhis the last sixty days, Harlem stock he's sd
vsnced In the market about per cent Erie Railroad
10 r.r cent Rssdiss Railroad 10 per cent, bends 10
psr cent Morris Canal stock sio per share over
hundred per cent, and potorously not worth per
cent Here is an an advance of great mssnitude-snd
10 would ts . curious matter TO see the machinery
Which has produesd such result The dealers ia esch
of these either directly control them or are
90 connected with the managers that II amounts 10
the same thing. Nov, Ne ash What hes occurred In
either Of these Institutions 10 make them worth per
ssnt more thas thsy we're szsy days asei Absolutely