The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-12-16
this particular juncture, the wisest courss,.
a to withdrew nom all the operations Of ths

preserve, possible. q mastery state Of insctivit
and patiently wait the Of events The sas.sor
policy ID certainly the wissa one; and % f,v vssh,
perhaps days, will bring affairs to focus II cannot b
doubted for moment but that inactivity 10 the ONLY
safe position.
operated IA during the past week, Erie Railroad sp-
pears to be the greatest favorts. The cornerines.
combin alton which have before alluded to, con-.
tinues in full blast and the clique pilna up i'm,
nearly every bank In the state lots this stock upon
which loans are obtained at margin Of about twenty
per cent. 80 long this stock be hypothscatee
at such moderate margin, and this clique continue
to purchase the market will be sustained but II tho
demand from that should any of the
present large holders sell out there would BE- perfect
stampede among the small fry and rapid deprecia.
ton In prices for the stock The fact Of railroad
stock standing behind preferred SECURITIES amounting
to ut esst twelve millions Of dollars the vast earningr
OF which, thus far, have been than sufficient
to pay the annual interest it's debt a. il secrued
selling within ten and twelve per cent of par Ia SO
extraordinary that ne one for Q moment can sup
pose that 1t can be maintained. Tho real value
Of the stock has nothing to do with this move-
ment. Present prices the result Of plan conoost
ed by set of rpecuators who have unlimited nesnr
at command They expect to attract the attention ec
the public, and give an impression by the rapid ad-
vance In prices, that the stock Ii really worth more
than it Is selling for that they work It sG IL
small lots at profit but in this they win be
egrsgiousy mistaken The stock of the Erie Railroad
Company much concentrated as at thin
moment The high prices ruling have brought out ar,
immense quantity in the aggregate, from small hold
ers, and those connected with the have beer
compelled to take any share offered to sustain prices
In other stocks there has been very important
movement Prices for most of them have been stea-
oily moving upward and holders feel confident that
further rise is at hand. This depends upon so
many contingencies that at this moment the chanceg
more in favor of u In the market nnot positive
depreciation than Of advance amounting to much.
All the arrangements for the immediate commence
ment of the construction of the Ontario Sncos and
Huron Union Railroad, have been perfected The
tractors Msssrs NJ G Story aud Co and the CHIEF
engineer is Ii. @. Seymour, State Engineer of New
York. These gentlemen guaranty that the
work will be speedily and substantially constructed,
and the stockholders and other parties interested are
fortunate in having secured their services Mr. sey
mour is well and widely known as Engineer Of the
Erie Railroad, and Story and Co the most enter
prising railroad contractors in this country. Great
credit is due to n c. caprea Esa Of Toronto for the
energy and perseverance, exhibited throughout ir-
pushing this matter and the people Of Toronto and
that section Of Canada will be indebted to him for
work Of internal improvement that will rapidly aug
ment the value Of tn cir landed property and develope
the ciner rtsourets OF the WESTERN
part of Canada. The importance Of this road Is NOS
realised by one in Thousand OF those who will be
much benefited by Its construction.
We learn with pleasure that, few days since the
citizens of Milwaukee were gratfed by the advent o.
railroad travelling. portion Of the first division o.
the Milwaukie and Mississippi Railroad being COM
pleted the iron horse for the FIRST time went whiz
zng the prsres OF Wisconsin. The constructior
of this road gives indication OF durability the ground
-ork hin Ax,, .cA n stx IL 10 ~
yard. The directors deserve credit for the peculiar
manner they have taken to make the road . dsme-
road They have only interested the city OF
Milwaukee to the extent of $3.50 o0o but have enlise
nearly every farmer its line stockholder, ter,
per cent mortgages being given by them to the COM
papy upon improved real estate at half its valua
ton exclusive of perishsble property such housse
barns &c in other words, at one half the value
the naked land In payment thereof the parties RS
stock the company and In order to add add
tional security, the company give their guarsnteo
bonds for the payment Of the principal and annual
ten per cent interest at the American Exehansc
Bank, making the security in all probability, a. sosd
a. any In the market The road is completed By this
time. from Milwaukee TO waukssha, twenty and hal.
miles and by the opening Of spring the Arst Division
of City miles, to whitewater, will Be- in operation.
The intention is to finish the road In divisions Of any
miles to the Mississippi river at point above Gasna
20 ss to command the lead transportation, division
to be finished every year consequently the entire dis
tsDee Of two hundred miles will be completed by tho
spring Of 1854 The road, In construction and equip
mens will be of superior character, and Of the
cheapest In the Unionnot exceeding 100000 for the
The snneIrd ststem.n, exhibits the movements ir,
foreign dry goode, In This Market during the vsel.
ending the 18th inst
MOVEMENTS Fosnes Dsr Goops.
CONSUMPTION.
Manufactures " Weol-Psehages-wooi, "a cloth, 8;
worstsd, 8; aun goods Il cotton and vorstsd, S.
simeres a,psoss IA intipss q lsstTes eheess.
aG.i:Iy' IS ,sIa, al carps,ins' Al fancy do 10
NanyJactures Of Cotton. -pachssss- Cotton, 1ie;
prints, coor-a .ottons 3d. velvet b. embossed mas
Inns II iscss .; n.nkins psr..sl cloth, ys:tngs,
thread 2; yarn q other mssuf.eturss is-totsi 3so.
Msngfsetrss q sak-f.eksge,-silks,4 AZ iaess, 81
DO, /; v.stnss do siih and cotton, D. plush .; 90
silk and cotton silk and linen, Do and cotton o.
sG s.a Es" s.. si~p, osssr
MsssJsei,~., # Flor Packages Linens, SIS; hs.d-
kerchief g. lsces g. threads ~ linen and cotton. u.s.
ysrn q to. DO 2 ravens duck iooi other n~nufso-
Miseeiiansous straw goods 22s arsiaciar
sesins. 2; cellars eus' &c =. robes 4 y..tics.i;
Manstser,, u Wooi.-Psei sges- woolens, '; cloth,
total 4as
Manstsetur,. q Cotton = Packages cottons, rs;
Manufactures Of sak.-Psekages-snks,5 S; ribbons,
Il Grape shavs ssrsnets,e pongscs, 10; butsons,
9; servings 2 Total. 81
Hsnpysetrres u FIeI.-Psckages- Linens y thread,
q total
H'so,Iisrseus goods, $50; en-
broideres, g. hosiery IS pearl buttons q druggcts,
"a; mats (rolls) 500; mating, A-totals 7li
SsrrstD wspsuousf~e.
Mantvaefr,s Of Weoi -Pachages-woolisns 7; worst
ed J. 9th, cotton and worsted, 30; lustres, 8;
~@~n-lersts, Total, es
sfapsfaefssss II Cotton. Pack aees-cottons 20;
musliss vestings hosiery, 22i bobsins, 2; purses,
3; spool 6-total. 1877
Msnsfacfsres Of sik.-paet aees-silk and vorstsd,
2; elk and linen, 1; gloves 1-totsla
hanafacfipes Of Fiar-Packages-Liuens "a; lace
cspes IL thread a linen and cotton Is; csnsburss,e