The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-08-16
THURSDAY, August l5-e

THURSDAY, August 15-ePM
The stock market has been active during the
past two three days and Of the leading faa-
ciee have slightly advanced In prices Operators in
Reading Railroad have created little excitement
among holders and 1t possible that rise Of one or
tvo per cent may be produced among spectators or
rather among holders without realizing the fret frac-
tion of bona fds sales. The system of putting up
prices for fancy stocks from day to day for the pur
pose OF attracting outsiders. Is good deal like that
prsetised 90 frequently at all the mock auction estab
lshmeDts about town, through the Petr Fuuks.
The sudden start some OF the most worthless fancy
stocks take upward 10 tho best evidence In the world
that half dozen Peter Funks are engaged in bidding
prices up, in hopes OF catching few outside fats
all that has been said about the ways
sAd resorted to for the purpose drawing In
usintiated operators there appears to be end to
the supply of material for the regular Wall street spe
culator TO work upon We can only account for this
from the fact that there Is large class Of monisd men
In this andevy other large community who must have
somstbing TO play with exciting way Of employ
ipg their money rather seductive way of losing
It, IL undoubtedly 10 source of greater satisfaction
to many men Of means, to lose large sums OF money
specializing in fancy stocks than any regular sgiti
mate line OF business Wall street is considered by
many sort Of safety valve for the gambling pro-
pc nsiiss Of large class and In this view II might be
veil enough to encourage all kinds Of stock opera
lions in thstloesity and aid the regular brokers to
heeee In the surest shortest possible way those who
fA into their hands II does notrsquire any aid from
~ to give greater impetus to this propensity in the
public mind. The brokers generally ind as many vie
Tins as they require and We have doubt the sup
ply VIII always be equal TO the demand II has been
matter of much astonshmcnt to us, where the pur-
ehasrs Of fancy stocks from but when We see the
same individuals engaged after year, In the
game, men who have been ruined time and again Who
have frequently compromised their losses We are no
longer aonshed At the Of the bubbles often
Inflated.
At the nrst board to-day, Morris Canal advanced X
per cent; Farmers Loan, Y; Reading Railroad y; Can.
ton Company Y. Erie Income Bonds declined y per
cent; Erie Railroad \; and Harlem "
The receipts at the once Of the Assistant Treasurer
OF this port, day amountedto s6T1ss IL payu ents
80 o6o 90; balance, <s5oa,aS5 o.
The reeeipts Of the Hartford and New Haven rail-
road for the month Of July, 1850 were sls,5sl For
July, 1870, s34,74o Incrssse, 1854 The passenger
receipt shows the very large Increase Of fortyone per
cent, compared with those of July, 1s4e which .x.
seeded those ofthe month Of any previous year
IL appears, thu. on the consolidation II the Auburn
and Rochester, and the Auburn and Syracuse Rail.
read Companies Il agreed 70 give the Individual
stockholders OF the Direct Railroad Company, for
transfer Of their maps right Of way &C. TO IN. Roohes
ter and Syracuse Railroad Company, stock IN the
Rochester and Syracuse Company, to equal amount
held BY them respectively In the Direct Com on
their paying In ninety per cent thereon SLOWING the
ten per cent paid In cash, demand. The Consoli-
dated Company 10 commence the eonstruetion Of
the direct line, following mainly the route surveyed
along the canal II the Rochester and Syracuse Com
Dsny shall not commence the road BY expanding
within the year ending August 1851 the Of $780,
eco then the Direct Railroad Company to have the
right ss provided In s charter 10 resume and con-
struet the road.
The revenue and expenses Of the uadson and B.rk-
shire Rsssad Company, for the seven months in
sssh Of ths past two years, were ~ anasrsd -
HgKSr Asp Bssxr,-s hn.soap.
1sxa pe~sipss Jan aAry lst "a Aug lst. go