The New York herald., 1850-02-23

C0MMERCIAh APPAIRS.
HONEY MARKET.

FeO. HS-0F.
The market opened heavy this morning and
fell of at the nrst board. U. s. e's, 1887, dscI
y per cent Kentucky SIS, y Erie Rsilrosd, XII
Island, s. At the second board slight im,rover
was realized, and the market vas more buoyant
Railroad advanced IL Harlem, \, and Reading
road, ".
The receipts at the Office Of the Assistant Treas
Of this port, to-day amounted to so3,7ss u psym.
50 267 81 balance, s3.bs2,91l 10.
In one of our late articles, we amused oursslva.
compsrlpg the wonderful results sometimes %,
p,iibed by Wall street operators, With their Il
stocks to the skilful tests Of the proesssd uxser
his boxes and cups; as the latter always appear n
ty simple when once we have had shown to rs the
low balls, the double drawers aud the false botto
boxes, with which they operate. and our only wo
H. how We could ever have been deceived BY
thing so very shallow So also for the bencat Of &
concerned In the hocu, poous mar OF Wall st
We have occasionally unfoided come Of the sssllow
trivanoes and hollow boxes with which they sec
pish their ends One Of II cir fsvorits experiment
late, has been with the Reading Rsilrosd and In
to fhsv the infatuatlon Of those Who willing
after time, to allow themselves to be duped, vel
placed in jur,aposirion few figures, which have
taken from the printed report Published BY the
psDy itself. Before giving these figures however,
vii premise BY giving short history Of this stock
the last sixty days. About as long ego - this
price vas eoh per cent; the usual msehiuery vas
in elton, and b. SLOW and issorious process, Il
gradually worked up to SIX. Then those Who star
the movement, realized their object and In less q
ono week, down again the pri,e tunbled to Abou
per cent. The trick was played, and they we're rs
to begin again. Some people might hink It would
al a..
not two months have elapsed, aud the game Is now
ing plsyed over ssain. The price was started &C
ten days sgs at aiH an; is at 3eK ss7 The sgu
which We thus place In juxtspOsition, far the purp
Of showing upsn what hOllo~ grounds people can
found to believe In Its value, and the legitimate
rseter q a rise In its prizes, are a. annexed -
Br,sNs EuLaosp
is% Admitted e.Pl.sil ssssss Rep Bssr.s'' os
Increase. s4SSss Decrease $50
In the face OF such state Of things, any sivst
csn be but temporary. and those who 70 siamm
at high vsier,r win soon cnd out their mistake. 7
success u any speculative movement In fancy sto<
for riss dsTerds upon abou. the same class Of pso
~ patronire quack doctors, aud ccnsune .ush W
Quantities of the ncs,rums Of the DAY; and there
about the tsne easrce q mssips o fortuns In fan
stocts, a being cured CT anylaiscsse By qassk me-
cine.
The rails of The Columbus and x-nia Railroad q
nov tsirg laid and by the rs, Of March, Il Is thous
that the connection Of Cipoinpst with the capital
the State. win be ocnrleted
The funded debt OF Msrylsnd on the 3ist dsy
December last, consulted 81 the follo~iss Items
F,S.,crs os sM.artayD-rorLic Dssr.
eix per cent stock debt t............. .sa SCI e+
tivs per cent Sterling deb, & '''..'... seset.,
-Four and half per cent Currency debt. 100 900
Three per cent Currency debt. ....... SOC Ooe
sisoor sol
The amount OF stocks held for the use Of the snkn
Fund. and bearing interest ct q ~, 8, aud o D,
cent was sisse,su "
The bill 10 increase the capital stock Of IL Bosto
and Worcester Rsilross Company, to the amount
$500 600, hes passed to third reading In the Low.
house Of the Legifisture of Ma.saehusstts, with o
esdment, which provides that whenever th. aoatlo
debt Of the oorporsios thsii exceed ave rsr cent
the capital stock no dividend shall be declared IN
plan cf the directors s TO ieus bonds for the sbsv
amount payable In ten years, and convertible Int
stock st any time within that period
Ip relation 60 the Boston stock market aad rsiiros
Management the TSsvslisr Of that city rays - Ia tn
'tock market there Is material change either In Dc
nsrd CT prices one day there seems 20 BE- sa,rt
'nfuse some life Into them, and prices advance
'hsde but the neat dag they fall back again to thei
dull and inactive state This state Of things Is hsrt
10 be wondered at when look st the financial con
aition e large number q the railroads, snd tn
deception -hich has been pisctlsst upon the stock
holders By those ~bo instrumental In obtsinia
II. charters Aud to keep uptteir courage, s'yssss
has been pursusd Of charging TO coastructicn Wis
properly belonged 10 espsns that thereby large divi
lends misbt hs made, and hsh prices fs the stock D
psin'ansd In the market We are glad Tint this sub
ect s attracting the s;tsution Of the Lesissture,
Eeli ss the whole management of railroads, spd u
quite time that the interests Of stockholders vssiook
'fter by somsbody"
The hssnpsx.d nssensn, exhibit. the eosdltion Of \