The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-03-30
C0MhERCIAL APPaIRS.
mONEy mARkKT.

Friday, March SP-6 Ps N.
There has been particular alteration 10 quotations
for fancy stceks to day and the market moderately
active Farmers Loan appears be working up quite
rspdly and the probability Is that those engaged In
the imitation will get supplied with all the stock they
want. Erie Bonds, second mortgage have taken au-
other start and they will probably touch S. this time
They well worth that for ioveseusnt and are In
demand at present prices. Morris Canal was quite
active to-day at an advance Of one per cent, and
holders will undoubtedly make desperate effort to
Garry above 90 before another reaction takes place.
These movements should note OF warning to
Outside holders and induce them realise The stock
market s In very precsrious pesitisn, and know
Tot what day may bring forth. We notice that the
street spscustors do not attempt to carry up eli the
fsnciss at once; they take hold Of some particular
fancy give 1t gsvauc shock aud It suddenly rises
After holding for time that outsidsrs may get
good look 1t It and comes forward for the
prss, they let It drop, and take up another. In
this way. nearly every fancy In the list has been
rressLted to the admiripg OF fsw Peter Funks;
but has forward with real bona fSe
bid. and the supply Of stocks In the hands OF the
brokers therefore remain uidimiuishsd After such
h.sressl operations - the Rssdins RsIirosd, the
Long leland. the Hudson River, and the Vermont
Central Companies, have been guilty Of, within the
past three months 1, s lot astonishing taat outdsrs
tuch men as form the manage OF tbsss psnes
sitting 81 the board and ssnotionog such proceedings
~ We have from time to time exposed IL 10 not o. all
strange that cautious people refuse TO have to
do 9th securities the vsse Of which depend entirely
upon the persons interests Of cques Of uiators
As extrssrdinary as &c may appear the individuals
IMPOSING the direction Of there com pauies are all
hon.rsbs men, and personally ere entitled to the
esd and respect Of the community. In their private
srI~ IL. -.
gritty and us blsmished putatons but the they
enter the directors Of incorporated couosnies
their very nature appears TO undergo complete rsvolu
tion-s revolution BY favorsb. to those whose
Interests are steske They doubtless fatter thcmsrlyes
that they lose their id.ntty-thsr individuality Is
members Of beard Of directors aud therefore sanction
the most dishonest aud Ubiquitous transaction Al
railroad directors individuals In this conn unity have
been guilty Of acts which would have incaroerated
thsm-ss iDdiv juaIs in psLisnt,sry; and in the
face Of these things these Ioss jot or title
Of their rsspsc'sby and carry their heads Is hixh
or higher, than these whose characters public aud
private ere sans ps,r ~ 's~s r,rrocks.
The receipt, at the Office Of IN. Assistant Treasurer
today, amounted to ssoo7e 40 psynvnt., s4a7oo al
bsiaoee 50 $40 80 SIS
The National Bank has declared q dividend Of four
per cent.
The sibspy City Rank has declared n semi-snnuai
dividend Of four Ter cent, payable the let Of April.
The Cambridge Bank has declared semL asnusi atvi-
dsnd Of nvs per cen, and the Charles River asnk one
Of four per cent the Hinshsm Bssk like dividspe Of
four per cent.
motion was msds to-day IN the Supreme Court,
10 dissolve an Injunction r~s'rsioios plaintiffs I'm Q
certain suit against the Long Island Railroad Con.
pspy nom proceeding and slso to asids ordsr
appointing Mr.. Moses Maynard receiver Of tbs
eou be rad sts "A sDxo-s t~o
lions OF dollar. but would not now bring quar-
ter OF that sum. In oppo,ticu TO the motion, 10
declared that the proceedings vh.r.by reseivsr vss
appointed In good faith that the company u In
solvent, &c The action IL 10 $4,000 bonds Of
the eoupsuv