The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-03-21

CeMMERCIAb APFhIRs.
HONEY MAKKET.
"Wednesday. March 2O--6


There was reaction in the stock market to day and
prices fer most Of the auces took the back track The
bears appear disposed to sell any way to suit
adu most Of the time trsnsactsns buyers option
There large sales Of all the leading fsnces and
the market is evidently with much difficulty sustain
ed With one or two exceptions, should not be
pr,sed to see general break down In prices and Of
the old fashioned panics. moderate panic would
completely up al chances for another spring rise
which the bulls have 40 ssnguiney calculated upon
The feverh uctuatng state Of prices should be suf
Hcient to deter outsiders from touching those fanciss
which have balls In the street so long and
NO better nov than they ten years ago. II there
9 one fancy in the list In which there has been the
sghtett actual improvement In value, or rather In
which the work Of depreciation and dissolution has
not been steadily going We have yet to learn which
Il II. Spectators may, from time to time get up .
little excitement in particular fancy and BY false
representations induce outside parties to take few
shares of their hands; but they must ultimately find
their legitimate level Thoee who steadily bear them
may do we'll; but those who have nothing TO do with
them in any way will do better. The depreciation in
prices to-day shows that Of oil subunary things fancy
stocks are the most uncertain.
At the fret board United States SIS 1857, fell Of
per cent; Indiana Sc, III Erie Bonds, new Y; Erie
Railroad, u; Canton Company, 1; Farmers' Loan =;
Harlem, "a; Reading Railroad, "a At the second board
Morris Canal declined y PIT. Ct Norwich and worces
ter advanced per cent Farmers Loan, y; and Ports
mouth Dry Dock -. Harlem IL weak, and bat for the
discovery Of en- Ice pond somewhere along the line
would have, ere this, been nearly defunct. There Is
something extraordinary about the internal affairs OF
this company We have report Of the operations Of
the road dated January 1850; but for some reason
best known to the management nc report was made to
the Legislature The oboial report OF the State Ensi
A. Al. mt rsii.
road company Is dated February 20 $780, and he states
that no report had been received from the Harlem
Company. The company must have objscs
in view In euppressing the report, and the only
reason We can give is, the Legislature requires
report to BY two Of the directors or by the Pre-
sident and Secretary while any kind Of doctcred re-
port can be pamed on upon the stockholders and the
public II the company had not made published any
report Of the operations Of the road for the past year
ls4etts absence Of returns In the legislative report
would no. appear strange but all the msaagement
had to do to TO the correctness OF the reports
susd for local consumption and forward them to the
state Engineer. There is more corruption bsow the
surface Of things In the management Of railroad
mpanis than was ever dreamed Of In the philosophy
Of the most inveterate bear In Wall street.
The receipts at the Office Of the Assistant Treasurer
Of this pert to-day, amounted 10 s7eol7; payments
IS 1o5 es- balance, 81, az $50 50.
Cold deposit certificates TO No. t35, inclusive, are
raysbie at the Mint, Philadelphia
since the recent favorable report Of the commission
ers appointed by the Legislature Of New Jersey to in
yetgste the affairs Of the Camden aud Amboy Railroad
Company and Its unanimous adoption by that body,
the price Of the stock has been rapidly running
the point ruling previous to the investigation.
The receipts Of the Chesapeake aud Delaware Canal
Company for the curen, fiscal year as compared with
eorrsspopdirs psriod of time wear shou an In
81 something over twenty thousand dollars and
the revenues for the year and above working
perses repairs and Interest loans, will doubt be
much larger than before The Randall loan Of the
compspy will BE due next year. and the full amount,
set aside years ago to meet IT, has appreciated
that there will be from that source Of more
than hundred thousand dollars, all ef which msy be
added to the annually secrupg to be divided
smong the stoc khodsrs.