The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-09


There a sight Improvement in quotations for
stocks to-day Most Of the ancies in demand and
at the close q m buoyant feeling prevailed Harlem
has been hammered pretty hard during the past day
two by several strong bear operators and great efforts
have been made to depress prices The only object
these parties have in view is to get prices down to buy
in largely. The monthly reports Of earnings are toe
favorable and the prospects Of the company too fatter
ing give any encouragement to bear spectators and
those who know that 1t must ultimately be Of the
best paying roads dvergng from this city anxious
to get prices down much possible to enable
them to in and purchase all they want at the
CHEAPEST rates As these operators have
plished the object they have in view, may look for
greater activity in the stock and rapid improvement
in the market value Reading Railroad was barely
sustained to-day. The Delaware and Hudson Canal
Company have made further reduction in their rate of
tolls, and the Reading Railroad Company will b.
compelled to follow suit. The doubt and uncer-
tsinty existing in relation to the coal trade weigh
heavily upon the Reading Railroad stock and the bulls
make very little progress in the imitation Of prices At
present, the bears have decidedly the advantage Erie
Railroad Is firm Mt quotations. Operators In this
stock will not let IL fall of much An immense capital
Is controlled by the clique Of spectators interested In
the bonds and shares o this company and there is
tainy dctermnation their part 10 sustain prices
at all events at presents points The opening Of the
have favorable influence upon the market value
Of the stock, and enable many Of the buyers to
get rid Of portion Of their supplies, At ad
vance perhaps, cost. Norwich and Worcester has
not been as well sustained as anticipated Consider
able stock has lately changed hands at steadily depre-
ciating prices and the market has no drmness. The
earnings Of the company look favorable, and no
reason to doubt the regular payment Of the next diy
dend notwithstanding which holders appear inclined
sell their stock at lower prices We consider this per-
manent five per cent dividend paying stock and II Is
very strange that security productive should b. sell
ing at discount Of hrtyfye aud forty per cent Very
little be said about Long Island. IL has for
sometime past been steadily declining and sec
nothing likely to arrest its downward course
The Portsmouth Dry Dock Company will cell at auction
in the Merchants Exchange on the 18th Of May, two
thousand lots q land situated In the town Of
mouth Ohio, and will take the stock Of the company at
par, in payment Of the This company was incor
poratd by the Legislature Of Ohio in 1882 Is property
lies at and embraces the termination Of the Ohio canal
where 1t inerecs the Ohio and scoto rivers aud con
tains about thousand Of land part of which Is
aid out In lots The company have lease OF the sur
plus water q the canal NJ that place the prophet
Of the ferry and the toll bridge across the scoto
river also canal running through their property
half mile long, and basin five hundred feet by
ninety. connected with the Ohio canal, extensive
Heettohe quhrrltr, anu iord IN 'front.'
Of the basin, the aggregate income Of which i
about $500 per annum. The town Ct Portsmouth
with which the companys property is connected by the
company's bridge the scioto river, contains
population Of Fix thousand inhabitants, and Is rapidly
increasing There is a railroad now in progress Of
sruction connecting Portsmouth with the lakes
dusky and Cleveland via Newark and Mansfield, Ohio,
which when completed will bring Portsmouth within,
forty eight hours travel Of this city Another railroad Is
In contemplation to unite the mineral region Of Ohio,
which is about thirty miles distant with the town. These
roads will add immensely to the business Of the place
and largely increase the value Of property The par
lue Of the stock Il hundred dollars per share Tho
present market value Is nine dollars per share IL vii
be seen by this that by paying for the lots purchased in
stock at ITS par value they will cost very little, and e
good opportunity presents itself for investment.
The receipts At the Office Of the Assistant Treasurer Of
this port to-day, amounted to Sl251T5 Al; payments
sb23i0 14-bblance 50 1907 a.
The Mechanics Banking Association has declared
semi annual dividend Of four per cent
The ncw' frOm Europe, by the steamship Europa,
rom Liverpool j. not q much Importance. " ts IN
coinmofe1i point ~ view Unhtyurabe. Quotations for
cotton had declined aud markets for other sape pro-
duets were by means III il satisfactory condition,
American secutdiss ia demand for permanent m
We tneni and prices had siigh1y improved.