The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-02-19


day blu. prices for most OF the anse, advanced aud
a buoyant feeling existed among operators At the
first board, New Jsr,ey Mining Company advanced "a
per cont Morris Csnsi " Long Island l, Harlem
"a EIie r Il. a. Indiana State IS declined J. per
cent Reading r a Canton Co, opened at 81
and eloeed a. decline of u per cent There
sales OF Portsmouth Dry Dock at the frat board to
day. Holders not disposed to sell at present
prices They look for advance and will doubtless,
T slse il. Edy.woIth Co firm at yesterday
quot sion.. Land stocks both in this and the Bosten
market, are great .avorites with speculstors They
have q better basis and greater prospective value
than any other class of fancy stocks Landed
property properly located sonot bat rapidly increase
in value Every york Of internal improvement
sdcs something the vslne OF land in some
part Of the country. The tide Of emigration the in
crease in our o1n population the avidiy With which
manufacturing sites are seized, al tend TO deve,ppe
the resourcee OF most importa Mt locations and
turn the wilderness ,n'o villages, villages into
towns and town, into cities. A history Of thu rise
and progress of every city in the Union shows
growth rapid that enorn Gus tortu mes have been
made and enjoyed by the earliest purchasers OF the
land There are create opportunities at this mo
nent for nvestme ut in placea, than existed
before and as lse. fortunes will be made in his way
have been aie There is iess room tor specu
lstion OF this Kind than before There is less
or commercial purposes and those who have secured
favorable locations destined to realize Immense
fortunes foi them selves and their descendsnts. BY
the adopted OF urng the entire landed p.o
perty at particular poiots BY incorporated companies
peopl. OF moderate means have oppsrt of Sc
curing an intere,t by q moderate outlay Of capital
Heretofore, large capitalists have poired this
business by purchasing ell the land at point, iavora
bly, located Tor improving, for manufacturing, or
year have been able TO realize enormous profits with
out turning stone moving spade full OF soil
The fortunes Of Astor 6irArd McDonosh, Whitney,
LGwteKces, AppletoBs and many others were made
principally by the rise In the value OF rea, estate and
We have doubt fortunes fu ~ large will be made
in places now considered of little i'm portanee but
DEFINED TO eclipse many Of our large cities Nearly
all the railroad stocks we'll sustained. and each
6uds iaror with ciques Of spsculators Norwich and
Harlem occupy the moe. prominent position in the
mai kst, and must. ss the season advances show by
their monthly increase in receipts that the actual
value Of each largely exceeds the present market
At the seeoni board the market was not go firm,
Quot ations Tell ons fraction, and the transactions
we're limited Farmers Loan declined J. par cent;
Harlem. e; Morris csnai, v stoningten, IL; Nor
With = Reading Railroad =; Income Bonds, ~
This ae hi reaction Is not unexpected. and Is OF
gensrsl tone OF the market IL concerned The spirit
of.pecuistion Ia abroad. and it must htv. vent-it
mu.t have ,omethipg to work on.
The receipts the ONCE OF the Assistant sasursr OF
thi. port to day amounted to $3.50 lSo S. payments
So 100 o. balance S266s 2oT ST. Total n,ant
mint CO. tifsstss paid So oc0 COO
The csipts into the Treasury OF Lou.isus for the
year .rdir Dec 81 1850 amounted to slt9i oiO 81.
Rslsnee in Treasury Dec 81 lsas, 500 $50 y Total
Dec 81 1850 81 c6i SIS Balance In the state Urea
sur, Dec 81. 1850, S325 40 a..
The cf,.nt city IRON Chssrss, bring u the details
Of tie news published yesterday BY telegraph from
New orissn. The sessunts are important and inter
Getting. The shipment. OF gold dust from san Fran
citco from the lst tn. 18th January mouat.i 70
81 ss5Ooo. rbi. was independent of the sums taken
away by passengers Advicss from the mi ming istrie.s
continue favorable
The argument in the Ct the Morris Canal
touching the consolidation OF the old sto,se,m. o.
yesterday before the Chanceer OF New Jersey =. hi
chamber. at Newark Mr. willism Hslst-l appeared
for the preferred stookholIeu, and Mr.. " r Feeling
huysen for the company The grounds taken for the
company were, in substance the Preparation ~ a
fraud the part OF it's drsctorsthst u r. say thst
IL agreed by the airecor the issus Of the PR.
frrvd stock isst here shoad Be no consollitiou q
the old stock 10 very sppar.n. from TIE pcrasal u
the supplsm rnt 70 the CHATTER OF Nnr c1UpAny
uhout such consolidation no pr. erred stock c,ul3
b, !.sues aud hence, II tnfrs va, no con old ttioa
the i,sue II the preferred stock fraudulsnt AMI
void and the psrtis. taking thu ZANE have no Legal
,ssurity for the money advanced BY them other than
III. right to call upon the director. snl oGic-rs
Of the company, Who Issued III, ire sulsht
tiseAts. 70 r.fund tbs money advanced b.
tb. taksr. OF the preferred stock Til, present.
atew sspect TO the saair and no ses the col
but think that ths Officers and directors sill hasten
to Absoiys themeiv.. from this fearful resgou5ity
~ contolidstins the old stock with all convenient
speed The schoolmsster IL sbroad aud ist 81 b.
we're q 81 tsscbipxs, aud especially such 81 ne ~
rector. 4 this company vho are not pr-psr' .
40 ~. I've hundred thosssnd do,lsts whioA the CON
paby Ia. received tor he issu. q fraud snt sto,k
b, th4 thoving u The manager. thrmt.lvps II the
lot nd taken By the compsny before tn cbarctil,r
ytst.t6av. IL correctly represented % ~ WhHtsv'r
NAY b. the result Of the application ~. i'll ction
70 refrain any .fsrs hut upGH the bass s0u
fn fst p.ct enforcement Of the eJnrse. betwseu
The inn cent preferred stoskhol.rs aud the 6panv
viii 20 IN 10 II. snd The ans-sr ~ It. cHmpsuy %
m. El uill ~ required srt the testimony y n tnan
i. taken 80 that the shts of tn parties Si then
b. arcsrtsiEei II i not nos ktasu Nnss to- dsci-
.ieu a the Chancellor will BE- on the s,iea for ms
Injunction n T. conceded that the suppl ~ at
Wa prcsp.ei By the ttockholisrs snd that asp
lance involved the obligation TO reduce the I'D shares
10 Ia $50 b. fore the preferred stotk could bs
ir.ued and In judgment 81 Law the lstu IL a. Fro-
nrrtd stock :, d0ctiou 4 a. numb a.
stock Exchange.
S5uOUfo'. Isl ntt ~ shs sgrIt Csaa .A