The New York herald., 1850-03-16
COMnRRCIAL lFPAIRs.
HONEY MARKET.

Friday, March Ix-6 =. II.
The fancy stock market ives not very active this
morning, and prices were rather unsettled. There
were Gales to extent Of State stocks and railroad
bonds ct prices sshtly in advance Of those current
yesterday At the first board, Erie bonds 1862 went
up per cent u s.es, 1857, Vi Erie Rairssd. NJ Cam
ton Company, -; Harlem, u; Norwich and Worcester,
". Fsrnss' Loan declined u per cent; Morris Canal
n, and Reading Railroad, V. At the second board,
Erie Bonds, 1859, went up per oe4t while Morris Co
nal fell on "; Erie Railroad, III Formers Loan, q;
Harlem, ~; Canton Company, u. More than 100000
Of Erie second mortgage bonds sold 1t the after
board and the market closed nrm ct the advance
There Is very strong party purchasing these seouri
ties, will be seen BY the amount Of sales; and q
most Of them taken for investment and taken out
Of the street. the probability that further advance
will be realized These bonds ere about the only o.
curty in the list in which there is margin fer An i'm
provement
The receipts at the once Of the Assistant Treasures
Of this port to-dsy, amounted to slosl lee 81. Pay
ments, sl2e ,322 81; balance, $s S7s,ol6 20.
Land warrants are selling at S126 $780, There 10
We limited demand for them ct present
The Virginia House Of Delegates have passed bill
.uthorizpg the banks Of that State to issue notes Of
less denomination than nvss. The probability is that
It will be defeated In the Senate.
We see 1t announced, with all ssriousnesa NO doubt
In New Jersey paper, that the water will bs let into
the Morris Canal Monday the 26th inst" This 10
important true, to those who have purchased the
stock of this company at present prices.
Some years ago, pages upon pages written by
the morssts and philanthropts Of the tine for the
purpose Of putting down the prevalent vice Of lottery
gambling Their efforts directed to the suppress
sion Of lotteries In the mistaken belief that by this
means they would eradicate the evil but experience
has proved that their efforts misdireotsd, and
that instead Of roofing up the vice. they only sue
csedea In suppressing Of the means Of developing
itself Lotteries have been abolished, but the vice.
that Inherent In human nature still exists only
IL 10 displs ed In different field The same infatua-
ton that LEI man to purchase lottery ticket though
1t was proved to him beforehand that there were q
million Of chances to enc that he would lose, now
tempts those afflicted with this reckless passion to
purchase fancy stocks It is useless to prove such
that the articles entirely worthless "a point
admitted by most Of those who deal In thsn for they
willing to rush In, upon the chance Of finding
else fat enough to como in and relieve them
Of their purchases under artificial excitement st
mulsed and fostered BY every conceivable means and
il upon this rioketty foundation alone they take the
risk Of losing the whole amount invested We say the
whole amount invested for In this respect fancy stock
spsculstons exceed in reeklessnes lottery gamb
ling In lottery, lose but tho price Of his
ticket whereas, in purchasing fancy stock, really
worth nothing It Is not impossible thing that they
should fall TO nothing or very near It. We have
known Norris Canal to be sold for fifty cents share,
and when such things have been seen there Is i'm
propriety In saying man may lose the whole amount
invested The only salvation for the operators is to
keep up the excitement ct all hazards the moment
things begin to flag, and the victims have time to
think the game Is up