The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-12-19


Quotations for stocks show an improvement to day.
The transactions unusually large particularly in
Reading Railroad In the face Of sales of nearly i've
thousand shares Of that stock advance Of IN per
cent prices current yesterday crning realised
Erie Railroad advanced y per cent; Morris Canal, Y;
Farmers Loan, q; Hudson River Railroad, q per cent
from the opening; Norwich and Worcester, IN; Erie
Income Bonds, u. Nearly two thousand shares Of
Erie Railroad sold. At the second board Ports
mouth Dry Dock advanced u per cent; Norwich and
Worcester, 1; Erie Bonds new, u. Erie Railroad de-
clined u per cent. Norwich Is becoming one Of tho
most active stocks on the list
There has been active demand for foreign
change to day. The market Is not we'll supplied with
bills, and drawers very firm at our quotations We
quote london l014 1oH per cent premium; Paris,
81. 12k q ST 10; Bremen, Tsx so; Amsterdam, AK
AN Hamburg 36Z . 81. The steamer will take out
a large amount of specie. With limited Importation
OF foreign goods and larger expectation than usual
for the season. with steady rsmitances Of American
securities and weekly shipments OF specie We find
quotations for exchange ranging hgher than at any
previous period this Such being the state of
things at present, what must expect when the
spring i'm port atoms commence? 1t impression
that during the year 1851 shal lose large portion
Of the gold have received from California Every
thing depends upon the extent of the spring importa
lions, which, have every to believe will be
large.
The receipts at the office of the Assistant Treasurer
of this port to- day amountedto $50 2s 81; payments
81, 44s Gs-balsnce, Ss,s25, 100 o.
The Nashua and Worcester Railroad Company have
declared a semiannusl dividend Of So rs per share.
The Boston and Providence Railroad Com pany have
declared semi annual dividend Of three per cent.
The dividend Of the Reading Railroad Company,
payable in January, has been decided on II will be
per cent three dollars and half per share.
There will be surplus left after the payment Of this
dividend, of about two per cent.
The steamship Asia for Liverpool, carried out
Sle7 cts in epecie-one half gold and half silver
The premium silver is daily advancing. The rates
range from two to per cent advance Ameri-
can half dollars dimes and half dimes In demand
If this state of things continues much longer there
will be scarcity of small silver coin for change. The
only remedy that know Of is for Congress to pass
law authorizing the alloy of silver in coinage. This
would eeoually put stop to the expectation Of the
metal in any shape
The Comptroller Of the city of New York has issued
proposals. loan fifty thousand dollars In shares
Of hundred dollars each bearing interest at the
rate OF per cent per snnum able quarterly and
the principal rembursable on the LIST of November
1870
The combination OF the officers and friends of the
Erie Railroad Company, to force up the price OF the
shares has evidently been made sfter great dsbera
ton, and careful estimate OF the amount sold for
delivery by the bears This fact is perfectly self evil
dent and admonishes all interested In II to close their
transactions speedily possible, and leave the pro-
perty in the hands of the buyers III this 10
adopted II will be made apparent at early day that
NO demand exists for investment, and the stock will
experience heavy decline. 1t is selling at rates
higher than the bonds, and the whole affair shows
conclusiveiy that the directors depend upon the
of the afr 10
them to carry TIE work ana the great
mvrtts which they assert the work po.s:sses
1t lie notorious, at this moment, Change that all
the energies CT the officers have directed towards
the cultivation Of huge speculation, spent in the
shares The merchants have taken II for fancy RISE
the banks lend on 1t with freedom, knowing that 1t Is
not permanent The parties have Transferred It to
men OF large capital In order to impress the public
mind with the idea that IL taken for investment
when they knew It's unblushing falsshosd. No means
have been left untried NO plans omitted to give the
idea that the advance In prices has been upon the
merits OF the work.
We have doubt bat that, II the stock had rested
upon Its merits, its price would have ruled far below
that of the Hudson railroad 1t i not too late to es
tablish this fact Let the sellers abstain from making
contracts In IL, and the thing will speedily nnd Its
level Our efforts have been directed towards warning
the public net to invest their money, at artificial
prices In property which must cost between twenty
and twenty-five millions of dollars before II Is
pleted. We still feel that the advice Is based upon
sound principles. We know that the work is not ma
mayed With other than speculative views; and we
also knew that. In the history Of Wall street. Il nov
stands out the most remarkable Instance Of Wholesale
duplicity Of which there Is any record. We hazard
nothing In saying that the fluctuations which to
follow the past and present management Of this
pany will be iearfuly severe We believe that 1t viii
cause great trouble amongst the Thousands who have
been induced to engage in IT, and In the end, cover
with dssraoe those Who unmindfu Of the true inter-
ests Of the company, have converted ts shares into
chips and lite once into faro bank.