The New York herald., 1850-04-04
C0MHERgIAL AFFAIRS.

The stock market wsverng this morning and prisec
appeared to be ssverish ntterng state Buyers are
getting Desperate and pay great advance for stock
time, compared with oash prices. It will be seen By
the sales to day. that per cent paid for Erie
buyer 90 days. above the cash pzcs noticed
the same thing In other anciss. This 10 very unfa.
vorsbs feature In the Market and have Always no
ticsd that 1t invariably just previous to break
down in prices The Of this difference is the in
creasing value Of money. There large sales OF
most OF the fances at the first board United Staes
o. 1857, declined 4 per cent; Indiana 5's "a; Read
ing Railroad, 4; Hudson Railroad u. Erie Railroad
advanced u; Canton Company, Il; North Auerissu
Trust ~ At the second board United States ss 1867
receded u; Erie Bonds, (nsw) %; FArmsrs' Loan k;
Norwich and Worcester, u; Reading Railroad, y;
North American Trust u; Morris Canal, n; and Har.
lem, y. Most Of the afternoon salss we're for cash.
and the market locked very much like caving In A.
desperate effort s being made to salvanise North Aus
rican Trust but 1t has not sufficient vitality for suo-
The brokers have got rid Of it, and they mean to
keep rid Of It. The sales TO- day, what is called
"nsshes I" and amount to nothing. Any fancy stock,
In which the brokers have not large interest stands
poor chance in the street As for It's value We are
prepared to show that 1t Is not worth rush.
The New Jersey banks are busily engaged in pro-
vidipg ejaculation to n the caused In tAis
market by the demand for the issues Of the Lanks Of
cautious how they take these Jsrssy bills. We have
had some experience In the modus sprsndi Of
banking in New Jersey and have very little eonndsncs
in their issues. There 10 bank circulation In this
country and might soy In the world equal to that
Of this State, secured by New York State aud Co
vernment stocks and It's soundnsss and safety is 50
universally appreciated at the West thshe issues Of
banks, thus secured, are almost monopclized In
that section Of the Uniop leaving the demand here
for local circulation, to be supplied by the shin
plaster banks located In al the neighborng States
Something must be done to remedy this evil, and We
know of way but BY increase Of banks uadsr the
free banking syste We have heard OF several banks
In New Jersey which have lately extended their cir
cuation largely; and the system adopted to force
their issues upon this community looks very much
though they intended soon they haa become suf
ncently expanded to follow In the wake OF the Plain
field Bank and the State Bank Of Morris.
The late speculative In real estate 10 likely
We learn have very marked effect upon the value OF
the Illinois State Bank. This institution has vsry large
smount Of assets consisting almost entirely Of rssl
estate and consequently the prospects Of the stock
holders look nov very nattsring. We have been in
formed that certsin Of the knowing have slreaiy
commenced making purchases of this stock In quiet
way privately, assny attempt to secure any amount
at the beard would immediately produce such On eject
upon the price ~ would defeat their object We look
with confidence material rise In this stock during
the spripg
The receipts at the ONCE Of tn. Asst slant Tressurer
fthis port, to day amounted 10 s4sleo so; paymen
$a,2ss balance, $&eei,lss IL.
Tie receipts Of the Harlem Railroad Company for
the month Of March, 1850, were sse, ,sss 2s against
ssooS GO for the corresponding month In ls4o show
ing an ncrssse this Of s25oo ST. equal to about
eight per cent
The Harrisburg Railrosd Company have declared q
semi annual dividend Of So per csa clear Of the State
tax.
The collector on the public works sf fPsnnsylvanis at
Columbia, reports ncresse Of 81 4es ~ in tolls
fnce December l. 1850 compared with the same period
the previ,us year.
The bill suthorizins the construction Of railroads
under general law has passed the Legislature Of this
state, snd probably by this time, has become ala~
This does svsy entirely With all applications for sps
cil cbsr.trs aud places II in the power OF any CON-
pspy toecnstruot railroads In any part Of the stats,
provided there ., the rub that raise the money
The feld Il nov free for ALL aud composition will soon
ron riot snorg tho.e works Of internal Improvement
An altered bill of one TO eve, the Bank Of the
Empire state at Fairport Chemupg county, has mais
its spresraree. Also, altered notes Of the Cortland
County Bank. A 50 note Is made into SIS BY tskinx
an inch ef the right end Of ons So ssd ps,pg It upo.
the end Ct t2i tesripg on the Twon on the len
hand corner Ct the bl By which Il sy be easily de-
'scted. The Two" In the centre s altered TO Five
and !. very badly done The altered note. may be-
frsediy dstec;ed By holding them up TO the light.
when IL ssn be sesn that parts Of them have bs..
pasted on.
lard -srrsn,s ar, changing hari, at abOu, the Gsi-
loving pric.s;-
BsusA at ss1 a.
Regular assigned on the back. isis sI3s
With attached papers. ...... 125 las
The rick on warrants IL 20 great that responsible
brokers vill not guarantee them without making
TO dollars each Some few forty rsrrants
are in the msrsst They bough. ty the brokers st
ss2, and scld at sss each.
The tolls the wslisnd canal have been increased
this Instead of the cid toll wheat MA per
bushel and Indian of "a per bushel, the ns-
rates ere Sc ia currency per ton on wheat, ana
is 1o,.d per ton Tpdisn corn; being ja,t an al.
vance the old rates OF sl7 So or cs 2s ca Halifax
currency on . cargo Of 5000 bushels vhe.t and n,
incresse Of slT OF a. t5s currency on similar csrxs
Of indian corn-tie ton IN both cs,es teinr 600 net
This difference. some OF the Canadian papsrs think E
quite spept 10 send the whole of that trai. nv IN.
Eiie canal particularly the Indian eorn-the diasr.
ence being bS. Z cf cent more per bashe than IN,
tolls on the Erie canal
The bill dessued to enable the erens Of this STATE
to contribute thsir aid to the construction Of the To-
ronte aud Hurcn Railroad. without suSjee,inx them.
spd purposes lea dead letter has been defeated in tbs.
lover house Of the Legislature Of the stats. 10. dsest
vas no doubt the result Of INTERPRETATION reis,ivs
70 the stature soi ohjsc. Of the bill The importance.
d this ~ork 10 TIE State Of New work not only 20 our
public vofks, but to its ipterasi and external com
nefee-cn tae lakes and the s.abcard-is not snf.
heiently shdsutood, and the influence brsugh, to
ossf IN iis isvor hs' therefore been limited The
.eed Irope'ed 70 hi up the capital stous Of this
Iov a.
believe That u would hare been received with much
aver by cur citizens had the Legislature esaized IT,
The people of Torcrto not disheasened or discou
regsd ~ tie resut of the application made 10 our
Lesflstu1,, sbd are pushing forward the work q.
rtdly az eiieumstsnees VIII permit The protector Of
the original sfsrtsr-Mr >. c. Cspreol has its
thef management De-, has closed II. sesss, Cor its