The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-03-08

several times within the past two three years, and
the New Workers. have generally put the load others
shoulders before the reaction commenced. This vii
probably, be n result Of the present movement
Morris Canal has been moved principally by Philsdsl
phia spsculators, and they WILL doubtless get all the
stock, and when they want to sell, ind verdsnt
enough to touch It, There s real basis for this I'd.
vance; and although the rise has been rapid, have
doubt the depreciation, when 1t commences, will be
equally speedy.
The California steamer has not brought m ch gold
Our accounts say that about 100000 was on board
We have estimate Of tbs probable amount in the
Possession Of passengers The stes from hssr-s
direct, nearly due, WILL without dosbt, bring the
California mail Of the lst Of F,bsiaFy and ar
teen days later than that brought BY the Alabama at
New Orleans.
The receipts ct the Office Of the Assistant Treasurer
Of this port day amounted to $6o l03; payments,
s157s5 81; balance, So Tos,2o2 OF.
The Ogdensburg Railroad Company has executed
mortgage Of al its property for the benefit Of the bond
holders, past, present, and to come.
Export Of domestic products from Boston, for the
week ending March as SEA 9ss IA foreign So 74s TO-
Same time last year, domestic $52,oSA IS; foreign
$34 3sl 81.
The fuotuations that take place In the fancy stock
market from day 20 dsy, certainly somewhat I'M
accountable snd MAJ be ranked, with propriety, We
think amorg the many abstruss problems which, like
the philosopher enquiry onse heard propound
as to what becomes of ali the pins that made
In the world sre mighty interesting, but have never
yet been satisfsctsIly explained. We have often
wondered upon what grounds spectators base
their movements, who deal In fancy stocks from
day to day-that u.s. who buy day to sell the next
or course with such worthless trash, the Intrinsic
value Is as great one day another and the only me-
thod we can think Of to guide them In their DECISIONS
is to toss up copper head tail and then 60 it bod
With those, however, who require more reasonable
grounds for action and who operate ss Shakespeare i
ssid to have written not for day, but for all time
Il Is different Such men calmly cit down, and study
out the merits rather the want Of all merit Of these
rotten concerns and after having satisfied themselves
that there can be but denoesn to their history
quietly ell them short, and look upon the daily fuotu
atoms now up one per cent, and now down txo with
perfect unconcern II the ultmste large profit they
are sure to make in the fall OF the price be delayed for
time they easily console themselves with the re-
Election that they making interest all the me and
can thus afford to wait the in vitahs do ~nfa that
must betide all intripscs vslueless stocks no matter
how much they may be srtieciay inflated fer the mo-
ment They see, unmoved, digidends declared, when
they know they have not been earned, and stsA with
q quiet emile, when they hear the many stories that
are whispered about OF ourishng receipts Of ponds
that are to produce $500 0c0 year, Sc Sol and when
told conhdeptaly that the grocers coming In are
very apt to reply II they do, they must be green
As faithful ohronieers OF IN the dnan-
cisl world Of Wall street and of its Intricate ways We
have often taken occasion to show up ths utter worth
Isnpes, Of many Of these fsneisS; bu; alas We fear
without efectipg much good. This, however, IL not
cur fault. We do duty by showing the under side
OF the cards aud giving advice aud II those con-
cerred do not profit b. it, they must take the oonss-
quepces
The spripg trade h about opening, and the probs.
biity 10 that there will b. the usual season con.
siderable activity among the jobbers The portsrs
have for some time past been receiving large supplies
and our public ssles have been very extensive The
competition between our own merchants. sad between
this city and Phsdslpa for the trade of the South
and Southwest, will be greater than before; and
the result may be musn different from shat IL gene
rally anticipated. Philadelphia holds out greater al.
vspge to the Southern purchaser than the merchants
Of this city disposed TO admit and sectional or
political reudces do prevent the hern msr
chant from coming any further North than Baltimore
OF Fhilssepbis sh. have to contend against very
powerful competition from those eti.s upon the geusr.
ystse,v,~r s'.s~ -s--- e..
Of this city have been obliged 70 pay tho freish, on
goods bought here, Phiisdsiphia, cot
for the Southern merchants to make their pusehs.s
here and the probability H. that II will take more than
ths TO preserve this trade to monopos. &c to the
extent We have heretofore. A fe~ years since New
York had almost the entire control u the southern
trade and It has been source Of immense wealth TO
thi. city to all public works connected with It, aud to
our commercial marine; but there has been steady
charge going In the Of this trade and has
become much more distributed and three or four elite,
nov claim portion Of It. and seeking to moaopo-
lie IT, This IL the re,ult, thus far, OF the ex.
more direct importation Of more enterprise sua in
dividu. Ebert in tbo'. ,urs which h.,. entered for
tecuIpg this great prirs. There at present tpdi
cations of another element eer; brought into rrquisi
tion by our Southern rivals fsilsiepsis and Bs,i-
more 10 obtain the onro Of the southern trade and
IL this clement IL made available the extent the pr.
sent excitement In the public misd isass.le, n an
have more powerful effect than IL generally sutisi
pated The course pursued by the organs OF the com
mercsl essses Of this city for years past, n
relation TO the political and socis institution. Of the
South has caused fe.libs little to the
commercial intercourse or strengthen the
which ct present exists Tie Of the South are
title dsposed to foster and support elias. Of thi. com
mupiy that IL coninusily Supplying tn. sia.-s Of war
to set Of f.nstcs newspsP.r ,orbs.r -ho are heap.
Ing abuse upon everything Of Southern character aud
seeking every opportunity to increase aud strengthen
the prsudces Of the North against the iustutou OF
slavery These presses are supported BY the msrchao
Of this eityby the very msu Who have mad. and or,
stl making money out Of the southern trad. and u
would Be too much to expect the South to ki.s the
hand that 1. trying to crush them The public mind,
1t the South has been aroused this subject and the
merchants Of the North will feel Il In ta.ir most
sensitive point-ther pocket 10 will soon becem. O
part Of the political creed of the South to trade only
With their political friends aud when once this pnc
pie is firmly established In the mids, Of the com mercs
casses Of the sorh New YORK. gill lose one OF i,s o.t
important elements Of prosperity.
The Boston Trsrsler say. ;-"In stock and bond
loans there have been some operations on months
ct per cent and have heard that loan. had been
made frstcls stocks ct LEES than that price
There Is disposition to lend ou rather thsa to
psrchase railroad bonds Sc many OF them us con