The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-10-12
MON EY MAR n T..

hiDAr, oct ll-oP. h
The stock market opened this morning very buoy
ant and there larger transactions in some Of th"
leading faneies than we hav. noticed any previous
day this year. Buyers we're not intimiasted py the
quantity Of stock offered but on the contrary prices
advanced from the opening. At tn. nr.t board uud.
son River Railroad went up y per cent; New Haven
Railroad y; Farmers Loan with sales OF more than
thirtyhve hundred shares; Eris Railroad -; Harlem,
"a; Morris Canal 1, with sales Of nearly twenty.nv.
hundred shares. Canton Company fell OF IL per
cent. The market Is perfect sponge-it absorbs
every share Of stock offered. Railroad bonds were
in demand, and are steadily advancing In market
value. The rise in these securities will be perma
nsnt and every improvement will be maintained
We do not look fer fluctuations hereafter In railroad
bends any more than in United States stocks They
falling into the hands OF capitalists and the
quantity en- the market Is steadily decreasing The cd.
vance In Farmers Loan has been too rapid perms-
nent We look for reaction and It Is altogsthsrlikey
that another Upward movement viii ultimately be
realized. Canton Company has doubtisss, seen Its
highest point Tie rise has been rapid and equal to
ttatn any other fancy the list. IL may 20 higher;
but would be veil for outsiders to avoid the risk II
Ia the impression In the street, that there 10 vide
margin for advance In ssveral Of the small soes
those requiring comparatively but a small capital
carry and control The improvement In Morris Canai
illustrates the correctness Of that view bat the
Of the rise in that stock Is something than
speculation. There are so many who entertain the
idea that is utterly impossible to make the Morris
Canal a productive work, that It 10 almost useless to
attempt to show anything to the contrary but unless
very much MISTAKEN in relation the resources
and future manage ment Of that work. It will BE- before
the lspse Of another of the best paying snas
IN the country and those Who hesitate TO take the
stock at twenty dollars per share will be gsi to get
ct city within the next two year. The best sdvie.
give holders. IL TO hold on. II viI pay fer
keeping
The rteepts the ONCE Of the Assistant rrsasur,r
Of this port to day amounted TO se4 81; payments
tll3b@ 13-balaHos, S4e65,fT3 10.
The banks in Lowell. on the ist inst declared the
following dividends via Appleton, 4 per cent.
Lowell, S per cent; and Railroad, per cent. Tn.
Prescott has not been in operation three months I'M
Gil the 10Th inst eighty nine thousand dollars Of II.
capital stock (slOo CcO) has been payed In The Ian
easter Bank has declared dividend Of 4 per cent.
The coinage Of the Branch Mint, Ns~ Orleans. dur.
ing the mosth Of scptenb amounted to
in gold and sl2OooO in silver number pieces coined
ass 10.
The earnings Of the Reading Railroad company for
the month Of September, we're a. annexed g.
PHIIaurLrutA sSp Rraut-e R.uRoap
keeeipte from gssesngors .............s 1870 ~
Freight ON erehsndise. .............. pb13 81
ire,ght on cosl ..s...s........ los 100 -
Mall ana miscellaneous. .....s........ l.@oS ~
Avthi rttelftss 80. .ss.ss.. .tlf4Iol ~
Qusntity Of eoal transported during the month ofsep
tehbeT soCO2 tens. The quantity transported duraz
the fret seven working days in October vas 81 sci
tons which Is at the rate Of tHo hundred and four
thoussnd tons for the mouth More than oae half a.
much eosl trspportd during the hrst seven days
OF this month as was transported during the whole
Of SEPTEMBER
The amount Of tolls collected on the wabash and
Erie Canal during the month OF September 1sa9 and
1850 and for August and September in each Of the
past two years, was o. annexed -
wsLhusH aSp ERr CAslL, IyptaSa.-AwovSr o. rotLs
Tolls In september 1850. ........... SIC Os6 ~
Tolls in September, ls49. .........,... Is tsi 81
Increase equal to Al per cent. ........ 1901 "a
The receipts Of tolls on this canal In August
and septs mber. we're. ....... F10e ~ /
Increase, equal 10 70 Per cent. ,.,,r.s2es4 So %