The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-01-24

THuaspAr, Jan. 23-6P.M
The stock market was very unsettled this moraing.
Prices huctuated considerably. The transactions
continue large the bulk Of which 10 for oAsh. Long
Island ok another start upward to day and Canton
Company took . start downward. Tho movements i'm
there two stocks curious, and past finding OUT
There were sales Canton this morning time, SELL
ers option ninety days ct eight and half per cent
below the cssh price The market works very strange
ly and we are looking every day for collapse ths&
will use up about half Of those who have bssra
paying such prices for this stock have been our
rent during the past four I've days. The object
these spectators have in view 10 SO transparent that
it be easily through. II there was one. hale
the value In the stock represented with proper ms
nsgement purchasers could have got hold OF nssrly
every share of the entire capital below sixty per cent
The principal object has been to the market prioe
up above par that the bears would rush In and
sell thu largely short get caught In the trap
them The bears have been too cautious for this
and purchasers will have to keep the stock, accept
the only pative-se At heavy loss Long Island
quite active There broker In Wall street,
outsider in the habit OF operating in this
ke who would touch this stock 1t present prices II
has value had any value and the prsbabili~
ty is that it will have any The capital STOCK at
present prices, amounts to five hundred thousand
dollars which is likely to be sunk by the sale in AprE
next. This is fine prospect for buyers Portsmouth
Dry Dock has risen rapidly during the past week.
This is land company Located 1t important point
the Ohio Rivers place destined to be OF ma
nuiacturng ortance second to other in that
section of country. Laud stocks have lately become
favorites with speoulator and their value for
time past has only been to those i'm sdately
connected with them, they have ruled at very lo.
prices-prces much below their actual value per-
msnent Investments Morris was heavy, to- day. A
meeting Of the board of directors held day in
Jersey City in relation to the consolidation OF the old
stock into according to the supplement to the
charter passed in February lS49. We do not know
that there is any objection to that movement; but f
there is it avail nothing In the face of the law
We believe the president Of the Morris Canal Compa-
ny was president of the Senate of New jersey wher
that law parsed and his exp erience legislator
is snficient to convince him that which are made
upon application OF incorporated body cannot be
svs ded with impunity.
At the fret board to- day, Illinois State Bank wapt
up IL per cent; Edgeworth Company, u; Portsmouth
Dry Dock, q; Hudson River Railroad, n Long Island
q stoninston declined "a per cent; Morris Canal,
"a; Canton Compsny,3; Erie Railroad, u; Reading
Railroad, II Harlem, u.
The receipts at the Office of the Assistant Treasurer
Of this port to. day, amounted to s9O2s5 IS; pay
ments. 81 7b9 90 balance, So 446l032 49,
At the second bosrd Farmers Loan fell OF 4 per
cent Re aiding Railroad, q; Erie Railroad 4 ston-
ipgten, "a. Edgeworth advanced u per cent Ports
mouth Dry Dock, Ia. The decline in stonipgton
csu,ed by the announcement that the beats con-
Meeting With that line would be withdrawn on the lst
OF February when the present contract expires I'M
lees the company purchased them. A few days age
this stock sold At fifty seven; IL sells ct forty
seven There is NO doubt but that those scqusinted
with the fact that the steamboat contract expired
q Istnt E.hr
parties boats get the stock down ~
forty, they may buy in again and their contract
with the railroad company. The CON pany would be in
tight place compelled to buy BEATS keep the line
open and would ultimately meet the fate Of the Lsny
Island Company. This is another instance OF how
blindy people rush into stock spsculaons how little
they know about what they buying and what little
value there really lie in the best fancy stock
Two thousand one hundred and forty shares OF
Hartford and New Haven Railroad stock were sold at
auction to-day, at prices ranging from TO 1904 per
cent
The Harlem Railroad Company have deslared a
semi annual dividend Of two per cent payable on the
4th Of February. We glad to see that the city
authorities are about granting 10 this company the
privilege OF laying single track OF rails to the 10 wer
corner OF the Park, on broadway with turn out so
as to accommodate two cars This will enable tho
company to so arrange 1t that the moment one ear
arrives down, the other will leave. This will ADJ
largely to the receipts Of the company
At meeting OF the friends OF the Syracuse and
Binghamton Railroad, held In Syracuse few d.ys
since committee appointed TO go to Pennsylva
mia and New Jersey to OBJ ain all the information pos.
siole In relation to the railroad being
called the South Gap road and also the prospect, o.
another road said to be In oontem p.op connecting
With that road aud running through the State Of New
jersey TO Jersey City Thisisa good move The roads
Aluced TO above are sure to be bait and Il would be
veil for the people Of Syracuse to pause in their moved
mens until they receive the report their 90 mitse
ny constructing read from syracuse to Ithaca
where II would connect With the Ithaca aud ovsuo
road, a more direct line with New York woald be
opened BY running ito Bisghanton, ths travel
would LsVs to pass ever the Erie road to this city
We are glad to that these lines through New Jer
sey and PsLnsylvanis attracting ate nton ct the
west and through the Northern part of this state
They viii thortsn the distance between this oty snc
the iskes about one hundred miles reduce the time of
travel four or Eve hours, and save considerable .x
pepte.
stock Exchange.
shaoU gs,W ~ 30 H. sioS Sch RR -