The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-04-08
MONEY MARK EFT.

". l. H.
The upward movement in quotations for fancy stocks
continues undated. The market opened to-day very
buoyant Nearly every fancy in the list advanced, and
closed at better prices The sales of Harlem large
and closed at quotations At the first board Canton
Company went up per cent; Farmers Loan, a; Edge
worth Company "a; Norwich and Worcester Ia; Read
ing Railroad la New Jersey Mining Company ia Erie
Railroad, al Harlem. Canton Company has advanced
fifteen per cent within the past three weeks and the pro-
liability Is that reaction viii soon be realized We Do
net know what ideas holders of this stock have Of its
actual value who fail to realize at present prices IL
the most auctuang security In the market and is just
likely tumble down per cent in day, to
advance per cent beyond current prices 1t IS now
selling at eight per above par, which, for non
dividend paying stock is pretty good price to say the
least. Land stocks, however, have In fact no par
value. When the property Is well located its value
increases rapidly, and the returns upon the in
yestment great that the actual par is regulated
by dividends than anything else. The sale Of lots
ia Portsmouth, Ohio, the property Of the Portsmouth
Dry Dock Company advertised FOX the 10th instant has
been postponed The stock has not been much In the
market lately and parties have been purchasing quietly
for the purpose Of getting supply to present. in payment
for lots when the sale takes place The advance in
Edgeworth brings out very little stock Holders gcner-
ally have much confidence In its intrinsic value that
they will only part with It when there Is fair prospect
Of getting II in again at lower prices 1t Is impress
sion that this will ultimately be second East Boston,
and its stock and scrip command equally high prices
All the railroad stocks looking up and WILL without
doubt continue to improve both in actual and market
value. The New Jersey Mining Company i advancing
rapidly in public estimation. 1t Is estimated tina. this
company have least two hundred thousand tons Of
red zinc in their mines above water level Besides
this zinc ore which other deposit known to exist
in country he cOmpany ~ n vein frankuite,
estimated to contain three hundred thousand tons. This
frankints possesses the peculiar and valuable property
Of converting bog iron into iron suitable
for all purposes Of manufacture requiring toughness
which would be worth 500 to $40 per ton. Railroad
bonds we're inactive to-day and but little done
In government State stocks The fances monopolizcd
the attention Of SPECTATORS and buyers on time
quite plenty. The bears were caught by over-seing
short and the bulls must be careful they will get
caught by ovcrbuying high prices and be compelled
TO sell decline We warned the bears before the pre-
sent appreciation commenced against pressing the
ket too and advised them to withdraw and let the
bulls have their way for time Those who followed
advice will thank for giving IT. those who did not have
already dearly paid for their folly.
At the second board, prices current in the morning
were well sustained. Harlem active, aud closed
tuoyant.
The receipts at the Office Of the Assistant Treasurer Of
this port to-day amounted to si0j33j 90 payments,
s14s2Jo s2-balance, si.133,57l IS.
The Central Railroad Company of New Jersey. have
declared semi dividend o. three and half per
cent.
company has been formed to connect tho st. Law
renee with Piattsburr by constructing railroad from
Rouse's Pont-hus forming another link with the os-
densburgh road and that TO Montreal Among the
tlemon concerned In this enterprise, observe the
names cf the folio wing capaliss-Josah Quincy. q
Boston Ex-Governor Payne, u Vermont; and Benjamin
Brewster, Esq. Of Montreal.