The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-10-17

way in locations which othsrwiss would not have
be prominent for years. The Canton Company, Of
Bsitinors, East Boston, and the Edgsworth oomps-
MES Of Massachusetts, have been some time the
MARKET and have paid good dividends the invest
nsnt The increase in population Is rapid that all
desirable points for large towns and cities sought
after, and secured by individuals or by companies
formed for that purpose. The Portsmouth, Dry Dock
Company chartered years since by the Lsgis
lsturs Of Ohio with capital of two millions of dol
lars, represented by twenty thousand shares. The
company own one thousand acres Of land, which has
been divided into twelve thousand lots About three
hundred thousand dollars have been expended In In
provemsnts among which Is q bridge, the tolls on
which amount TO about twelve thousand dollars per
annum, equal to full twelve per cent the present
market value OF the stock. Portsmouth contains
about i've thousand inhabitants, is located at the
mouth Of the scioto, the Ohio river, and at the
southern termination OF the Ohio Canal running from
Portsmouth, to sandusky Lake Krie, through the
whole length OF the State of Ohio. Upon refs
renee to . good map, 1t will be seen that Ports
mouth occupies q very favorable position on the
Ohio river and is destined to be place Of considera
bic Importance. 1t has an inexhaustible amount of
water po~er by means Of the soioto river and Ohio
canaone Of the largest quarres of the brown stone
desirable for building purposes in the country and
from all learn 1t has all the resources TOR an
extensive manufacturing city. The movements in Wall
street within the past week indicate activity and
imitation in ths stock Of this company similar to what
has been realized in nearly every other fancy the
ist, and those Who contem plate investing in 1t
post themselves up. Morris Canal went up fraction
upon the opening this morning, but closed at prices
current yesterday. There strong buyers in
the street and II b stated that the orders are from the
South There Ia demand from Baltimore, and large
orders nom that city and have been filed
In this market within the past day srtwo Farmers
Lean advanced to day one per cent In consequence It
IL said OF the settlement by promise of very i'm
portapt Law suit growing out Of plea of usury The
company have not made hnal settlement of this suit
u has merely compromised with claim ant out Of
eve and probable that the claims Of the rsmslu
Ing four will sweep away all the property issue The
amount paid the compromise will in that case be so
much extracted from the assets Of the company
Ers Railroad stock IL Of the quiet on the list
II doe, not much either way At present prices It
Il Of the highest In the market Harlem has fallen
OF slightly within the past day two. Every nnan-
ssl operation made by this company places holders
OF the old stock further In the rear. Norwich aud
Worcester has tewly but steadily improved lately,
and holders have impression that it will continue
g'ing up Reading Railroad has been frm all this
week The ssles have been large. The bears very
cautious sbort yelling this stock and holders appear
contdent OF q further improvement North American
Trust has not varied much to-day This stock cannot
be moved up much 10 not In the right hands for an
innstion. Outsiders are the largest holders
At the second board, to day, the market was quite
buoyant and the transactions large aad prinei
psy for cash Morris Canal fell OF ?. per cent Erie
Railroad advanced !. per cent; Harlem, y; Erie In-
come Bonds, y.
The receipts at the once Of the Assistant Treasurer
Of this port, TO day, amounted to seo0ss 70; pay
nsnts s2or osT q balance, s4,5si.l4s 53.
The Mechanics Bank, this morning declared divi
dend Of I've per cent for the last six months payable
on the lst Of November
The Merchants Insurance Company, Of Boston, hiss
declared ssmisnnusl dividend Of 20 per cent, pay
able on demand
The value Of domestic produots exported from
Boston, for the week ending Oct H. SSH es7 S.
foreign tH4Ti 10. Same week In 1919, sos s92 a.;
foreign, $40 COS a.
The valuation OF property In Portland, Msine, 10
sT.sil,5ei The only 9th or towns In Cumberland
county which exceed . million are wsstbrook 81 2oi,.
90, and Brunswick clio. s22 There are only three
Others In the eounty-Yarmouth, 0orham, and Free
port-vhieh exceed half million
The Baltimore and Ohio Railroad Company have
declared dividend for the past year, Of per
cent. payable In stock and half yearly dividend OF
Dur Per cent, payaois in v.~n l-- declared vn
the washingt on branch road.