The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-22

IN mae.
iet value, whether others do notwhethcr there Is
any speculation not-but solely and entirely upop
their actual merits Investments temporary Or perma
The most prominent among these exceptions ~
Harlem; and nothing but want OF knowledge on the
part Of spitss prevents their purchasing largely not
for day week, but for years Harlem is longer
speculative stock its value Is fixed, and combina
tion create any fluctuations ssnsc-
quence in the market value II must steadily advance
until It ranks among the beet railroad stocks In this
any other market The second the list Of exceptions
is Long Island and at present prices it is full cheap
as Harlem The operations Of the company during tie
past six months have made wonderful difference In it,
financial affairs complete revolution has been nadR
In the system OF management and the earnings this year
are likely to considerably exceed two hundred
thousand dollars movement has been made by
the Corporation Of brooklyn TO compel the Long Island
Railroad Company to abandon Its motive power upon
entering the city and establish horse power Should the
city authorities do this the railroad company have buS
alternative, that IL by means bad op. but
on the contrary that would prove advantageous to
the Stockholders viz make the termination Of the road
Wilfamsburgh instead Of Brooklyn. powerful, nnu.
s at work to induce the company transfer its de-
pot TO Wiamsbnrrh and extend track from that point
TO Jsmaca The agitation Of this affair has had ratho~
depressing effect upon prices for the Stock but i proc
poets under the most unfavorable circumstances,
so good that . reaction must take place. and
the improvement be permanent Erie Railroad continues
heavy Reading Railroad will not fall on mneh more u
any, upless complete breakdown In the cool
trade 1t is not sustained present prs ny nsrit
but by strong holders who ready increase thes
supply II necessary Morris Canal fen Of to-day frsc-
tion. and will probably 60 lower The Consolidation has
been deter mined on. and win take place Ports-
mouth Dry Dock Is weak at present prices We hear
thing more Of the saes Of lots Tho stock would have
been much benefited IL the sale had ason place ana
passed off we'll Edgeworh Ii firm, bat thas il no stock
pressing on the market.
The receipts at the Office Of the Assistant Treasurer
this port, day amounted to sTli9s 81; paymsnts.
s4l ISL al-Ieance, s2147,e6s 20
The steamhp Europa for Liverpool, carried ont fyo
hundred and srventy nine thousand doilas In specie
The steamship Arctic leaves for Liverpool saturday
the 2zth inst Engagements have been made for about
half million ~ that ship. The agSregate expectation
this week win not vary mneh from and a Aalf mil.
lions of dollars BEFORE the week IL We shall have
upwards Of two millions from California This win cavc
us pretty large tuD after providing 10, the aSsans>
for expectation.
Capitalists muet bear ~ mind that the for reoey
Ing bids for the first mortgage bonds Of tho Seabcr
and Roanoke Railrood Company, viii expire on satur-
day a1t init The to be sold three and
fifty thousand dollars The mortgage for 100000 os
which the above part and he entire property
ard privileges the company when rsted the road
win lie ninety miles long Fifty miles operation
with heavy rail, and the baianeefrty miles win
be finished by the close Of the year. It win be scsn by
examining good map Of the section q country through
which this read viii pass, that II must have vy large
amount Of local business particularly fo'gh.ng About
two years ago, believe, this road revived by
company Of capitalists, and rome arrangement made
with the original stockhoier by which ahe nsv com.
psny obtained possession Of considerable property ana
stock for mere song At!er ccp-derals aGsas.y Of
lcA ehsfacter, 81! much opposition from rival ncs
the new company succeeded in carrying thor plans
which. at the time much doubted-nrst ss regarded
feasibility and secondly honesty Of purpose on the par
Of those concerned We have closely watched she pro
Of this work and much pleased with the result,
The company Is now firm basic and its prosperity
Is almost beyond contingency. II win have If tn
cheapest roads In the country and its tr.e likely
lie all that can be reasonably desired.
The steamship Africa from Liverpool brings thpe.
days later intelligence from all parts Of Raropc Ths
commercial and financial not % Favorable
those received by the steamship Franklin few Ar.
since According to the Liverpool market report thers
had been further decline in quotations for cotton but
disposed TO believe THAI the depreciation 4.
nothing than that reported by the Franklin Ths
weekly accounts made up in Liverpool On Friday
and ~ the Cunard steamers nail Saturday. ther
bring the regular weekly reports. The American MAJ
steamships leave wednesday and tho accounts th.y
bring Of movements in the Liverpool cotton market ar,
repeated by the steamer lea wing the following s
day The markets active and prs-ss eaoyan,
The Of this Il undoubtedly the ksetwArd state OF
the growing crops, and the wet unfavcras,e ~cathx
which had prevailed for time. The msrko,..
Of Great Britain have been supplied with immen-s
quantity Of nour from France at prices Il ~ said which
bonie the competition Of the United state. Thk
had doubtless kept tho markets quiet and partially
accounts for the large expectation Of bunon 10 pranse
The London money market wn easy, bot stock operu.
tions were limited, and prices deprcesed. The draas
upon the Bank OF England for bunion coutinusf
unabated, and IL Ia estimated that, within the pat
four months between four and nvs million. yteriins
have been clipped IN the continent and 10 rnils
II vas ,uppo>>d that the Influx of FirAnacrs into
London from all parts u the world, TO attend tia
Worlds Pair would change the eurrsus Of sulion
but up 10 the latest date such result haa net been
realized II u our impression that large aucunt %
bullion has been drawn frou the Bank o. England BIZ thu
people q Great Britain for the purpose enabling them
to vis the Worlds Fair and there " doub. hut that
the middle and lover classes have, for time port
been boarding their small suln. earnips ia the ,hsp
q gold and silver. for that puposc This 10 bo ags
gate, would make an immense amount hntH viii ali
ultimately get hack again into the vault. a the baus
and form the basis a' usual, q commercial credit
portion u the orpora,on a. gold silver baicn frou
London 10 the Continent ha DOUBT hosu caused or
withdrawal q deposits made during the political 70
,olutions BY the people a. France, Germany, nc. A.
tia, time English securities purchased 10 yer,
large amount. aud special deposits 81 bullion we're
made In the Bank q England 10 ue credit q
prominent politicians Aui capitalists IN tbo Con.
tinspt, who knew not ~ that time -tst mcmcnt
every vcstigc u their remaining poscse,oss might be
s.s4VNW - NAWW aE.lN.
certain parties thp returning IN The sape
q gold and silver coin, and ths B-,gk Of Engand "
gradually losing portion n tie accumulation
n tuon short time since the amount ~ bullion In
the bank ~ England greater than "A any pryioas
period within tie hi,lory and an anusoss dead