The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-10-18
MON T. u NJ ARKET.

THURSDAY, Oct. 17-sPM
The market was quite animated this morning ana
there appears to be no want of spri. the part OF
specuators Prices for the leading fan ies were vsp
sustained, while advance realized ON thoso
stocks which have lately been actively operated in
Morris canal fully recovered the decline Of
and there were large sass at the Improvement some
of the strongest houses in the street
this stock, and the sdvanee would have been more
rapid but for the efforts Of large party interes.sd in
the management and progress OF the work to dspress
prices to enable them to get hold Of several
shares In the face OF these Efforts prices have stesd
y advanced and the probability is that If the parties
alluded to above any body else, want any quantity
of the stock they will have to pay better prices for it
than those ruling AS strange as it may appear,
there holders Of this stock who have idea OF
selling, but intend holding for dividend; aud what
may appear still more extraordinary those who are
thoroughly posted UP in relation to the future
ments, Sc, Of the company believe that fair
dividend on the par value Of the stock will be paid
in less than eighteen months Such Is the position OF
the Morris canal North American Trust opened to-
day at l3,l, ana closed at 10 per cent. Some very
shrewd bears sold two lots, twelve months time,
sellers option, at Tx IL per cent. All tho bears
want far this stock Is concerned Is to get once
in the street where 1t be found when wantsdl
During tie imitation last winter, the brokers saddlea
outsiders with nearly the whole capital stock but it
has tince been slowly working its way back hold
ers were compelled to sell. Notwithstanding all the
talk about decisions, compromises, &c, 1t will pro-
badly be full ten years before final settlement If the
affairs of the company takes place. Portsmouth Dry
Dock advanced to-day Il Per cent, and tie demand
quite active The low price Of this stock is at
tracing outside operators lot Of five hundred
shares taken few days since, by outsider who
seldom touches anything of a fancy character The
ol'e harter nj
had in view, was to make the following improvements
at the mouth of the Ohio canal scioo river and the
Ohio river:-lst, canal extending from the Ohio
canal half mile to the river and basin extsndin~
along the bank of the river Tor canal boats. I'd, A
,teembost basin elevated thirty feet above low water,
for steam and canal boats. 80, Locks by which
steamboats, Of the largest class might be lifted to
level with the basin. 4th. Drydocks level With
the basin for the repair OF the largest steamboats,
9Th ehipyards for building steamboats, ani canal
boats 9th. A bridge across the scoto, between old
and new Portsmouth Part of these Improvements
have been made, and have proved profitable. There
probably Ia not another point on the Ohio river
possessing 80 many natural advantages as Ports
routh for the purposes contemplated There has been
little activity in Long IslaI within the past
day two and advance in prices has been realized
For want Of something better spectators may take
hold Of It by and by but there is little life in It,
ing Railroad continues firm at quotations Those who
largo holders and wish to increase their line
by no means DESTROYS for improvement In prices
feeling confident that dividend Of three psr
cent viii be paid in January next 1t may be well that
great temptation SHOULD arise, that would induce
them to part with their stock Three per has been
bid for the January dividend Erie Income Bonds are In
demsnd and it would not surprise they touched
ninety five per cent in all next week. Erie second
Mortgage Bonds for the time neglected, and pro-
baby will be- until the Income Bonds have reached
higher points. Hudson River Railroad has varied
more than two per cent within the past month.
The daily transactions ere limited. Farmers Loan
dull Today, and the probability Is that it will
cede rapidly has advanced The reports about
the final settlement Of the usury suit, simply alb
surd 1t is o patched up compromise with . party
who had legal right make any such arrange ment
suit is before the Supreme Court, which will
eatiy the stockholders Of thls company that there
other claimants to the property obtained by the
reported compromise, than the party With whom tho
| recent arrar cement was made.
Thereeepts at the Office Of the Assistant Treasurer
| of this port to-day, amounted to S75456 So; pay
msnts 1904 R5-balanee, $t,637.jl0 IL.
The Fulton Bank has declared q semi. annual dvi.
| de nd Of Eve Der cent.