The New York herald., 1850-01-17
Colds. Rheumatism. Erup,iops or IN,
CengRRClAL AFFAIRS.
MONEY n MARKET.
"Wednesday. Jan. IG-G

"wednesday, Jan. 16-O r. NJ.
There IL no change to notice In the stock market
The operations to-day were para,ively limited and
prices closed shade lover than those current ysster
day At the FIRST board Erie, Long leland, aud Read
ing Railroad we're the most active f,ncss, aud the
sass Of the n. -nsr principally on time At the
ssccpd board, Harlem fl oil y per cent Erie closed at
prices ulipg ct the first board with sales time 70
sone extent.
The late operations In the second mortgage bonds OF
the Erie company are pretty good ilutrstioa Of the
system Of fusnc-ring carried on By the managers of
rairosd companies spperrs that when the Erie
company ispued these second mortgage bonds TO
TRAITORS t stipulated that the bend should not 60 be-
o~ soor IN other words that the contractors should
realize at last so for them As The work progressed
the bonds we're issued TO contractors, who, rather
than sell st the lor prices ruling from time TO
time hypothecssd them 9th certain parties directly
or indirectly connected with the company. who put
them upon the market aud realized at once thereby
placing themselves IN fands to make further loans to
conrscors the ssms ecurity In this vsy boad to
th. amount Of vi 200 COO we're hypothscated the sd
varces on which became dus q few days since For
ver. weeks previous 20 the maturity 81 these losns
the PARTIES Who made them commenced bearing the
market for the purpose Of pressing down price. foe
thee. bonds to eighty or toa point as near possible
by IN. appointed day They succeeded in hammsripy
and the contractors settled with their creditors by
svine them th. bonds that prize This game is fire.
ou.rtiy prsctised IN Wall street; but u 10 coming
little too close 20 the WIND fer any company to depres
the market value Of ito own securities for the purpose
Of enabling oertsin parties TO make large amount OF
money out Of the contractors who have constructed
IN. rosd aud taken the securities Of the concern in
rsyuent An operation OF this kind light be excuse
bis In the company IL much In want of funds bat
We have strong objections 20 any clique Of individuals
using the influence Of the company for their especial
bsn.ft
The payment Of o dividend on the old stock of the
Harlem Railroad Company. depends . great deal upon
the state Of the money market between this and the
hrst 81 Februsry. A. the smoust OF money required
20 pay two per cent wi have TO be borrowsd any sd
vance in the rate 81 interest In the street for paper
having four and six months to viii make the ult
mate srpepditure larger and make 70 difhcut TO
rsie the amovnt required 10 pay the next dividend
the preferred stock Holders Of the preferred stock
are watching this movement closely, aud offers have
market price In the event Of dividend being paid
Al. cid stock on the 1st ef February.
The receipt. st the once Of the Assistant Treasurer
sf this port, today, amounted to s7to55 50; psy
-snts s27 s4i Al; balance s31t4 ts1 IS The steam
,bin .r.ds at this port from Liverpool brings i'm
,r,e earso Of British and French msnufsctnres and
tt. psyment Of duties during, the nert week, vill
probably, be very large
sx hundred and twelve vessels arrived tCAiss, Me ,