The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-04-11

Morris Canal is very much depressed in prices We are
informed that the canal Il not open for navigation and
viii not be until the Lat Of June The alteration Of tho
planes has required more time than anticipated Tho
election Of directors noticed yesterday must have BEEN
according TO the provisions injunction made by
the preferred stock holders and holders of
stock by giving vote for every four shares Of old
stock This act acknowledges the obligation TO consol-
date and elections hereafter must be made in the same
way. There way of getting rid of the injunction but
by consolidating the old stock Canton Co advanced to-
day with sales to moderate extent principally for cash
Outsiders better not touch this fancy 1t equally dan
gerous buy sell on time 1t may go up five per cent
or il may go twenty per cent any day We advise
outsiders to 1t alone Norwich and Worcester holds its
own and that is about all There is anxiety sell on
the part of holders the bears do not disposed
to NEEDLE with any way 1t il cheap enough at pre-
sent prices buy for rise for permanent invest
ment. Edgeworth Company does not move much up
down II is largely held in his market, and no one APP
pears at all anxious about it, satisfied that the steady i'm
the value of the property represented smuc
better than any speculative movement in the stock
About twelve months ago East Boston stock was selling
at twelve dellars per share it is selling ut thirty
dollars per share, and said to be worth fifty We
expect to the movement in Edgeworth. 1t has
elements of improvement equally prominent, and the
suit must he the Portsmouth probably touch
ed the lowest point The sale of lots will take place in
few days.
The receipts the office of Assistant Treasurer of this
port, to-day. amounted to $S3999 So payments, SS9
ass Guidance, 81, ZIG 1888 06.
The Bank of the Metropolis has commenced opera
tions Its bills are in circulation in Wall street
The steamship Africa at this port, from Liverpool,
brings days later intelligence from all parts Of Eu
rope The news is not important politically, financially
chilly hut NJ Thp i'm
rroyement in quotations for cotton is encouraging and
under the circumstances perfectly satisfactory Bread
stus continued dull and depressed The growing grain
crops throughout Great Britain looked promising and
the season altogether far In advance Of the cores
ponding one last year Money matters remain the
previously repoSted. There had been collapse in.
the railway speculaions and most rates Of in
tere had been paid to enable parties to carry their sup
ply Of stock. There probably will be favorable
tion but the imitation Of prices has become great
be long sustained United States securities had slightly
improved, but the demand only to a moderate ex-
tent.
The Manufacturers, Neptune. and National Insurance
Offices Boston. have severay declared semi annual di
yidend tf ten per cent.
Pittsburgh Copper Company stock sold at no an adj
vance Of more than SIS per share since the middle OF
March. People beginning to find out the
of this stock and the shares have become very scarce
diNdeEd Will DC snare, ana present
products Of the mine warrant the expectation Of much
larger one for the following six months.
The report of the Joint Committee of Ways aud Means
ofthe City Council Of Baltimore advises the sale of fifteen
hundred shares of the dividend stock received different
times from the Baltimore and Ohio Railroad Company
of which stock the city holds in possession 569S
shares 1t is estimated that 10y the sale of fifteen hun
drcd shares the Of $4,000 to $4,000 might be
allied which would be sufficient reduce the estimated
tax for the payment Of the interest the internal i'm
provement debt nineteen and quarter cents and
place the aggregate levy for the year 1851 at 70 cents in
stead Of 9s cents etimated-being three cents in
the hundred dollars ess than last year and still leaving
the city in possession Of 49s shares Of dividend stock
The Norristown Doylestown. and New Hope Railroad
is being pushed through to New Hope, where IL will unite
with the Lambertville and Trenton Railroad The dis
lance from Philadelphia to Norristown by railroad is IT
miles. From Norrstown to Lambertyile is 25 miles.
From Lam bertvile to Someryille Is about 20 miles
from somervie to New York, by Railroad is Al miles,
making the entire distance from New York to Phiadel-
phia by that route, about los miles bringing New
York nearer to Pottsve by nearly 40 miles than by any
other route road from SomcIyie to Norrstown,
distance Of about a miles would complete the line and
passengers could be transported from New York Pha-
delpha this route for two dollars in about four
hours Coal could be landed in New York Potts
VILE by this route cheaper probably than Wy any other
route