The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-01-08

HOEKY Xxx 1T.
TUESDAY,, Jan. 7-eP.M.
The stock market was more unsettled this morning.
There large transactions IN oil the fsnciss prin
cpally for cash The reaction In several Of the Lad
ing anciss lie the Of the rapid rise realised with
in the past week. At the first board, day nitsd
States Is advanced per cent; Illinois o'sl; Indiana
2H per cents v; North American Trust, n; Morris
Canal, u; Long Island u Pennsylvania IS declined
y per cent; Farmers Loan, \; Canton Company, "
Mohswk, u; Portsmouth Dry Dock, Y; Bennington.
y; Erie Railroad, l; Reading Railroad, IN; Harlem
H. 1t appears to be hard work to sustain prices fog
Erie Railroad and should not DO surprised 10 IL
tumble down on the run any day. At present proess
1t takes immense amount Of money to carry, snds
In the event of the money market becoming tight
there would be . scattering among holders, and ..
break up among the cliques OF spsculators. Porss
mouth Dry Dock fell of at the opening, but nearly
recovered itself before the close. 1t went MP Soo
fast to suit the large purchasers, and prevented
them from getting al the stock they wanted. This
stock 10 becoming scarce In the market. There
are only twenty thousand ihares In existence. Far
msrs Lie declined slightly to-day but the sales were
only to moderate extent 1t will 10 that there
sale Of Canton Co. to-day, sellers option four
months at two per below the cash price
This shows the feeling among the bears. Morris Canay
improved fraction to day Nearly four thousand
shares sold and closed firm ct quotations. The
bears appear to be afraid to sell this stock short and
there 10 not much cash stock the market Holders
are firm, being fully satisbed that the stock IL selling
much below its present actual value and confident
that the advance has but just commenced There Is
margin OF fifteen per cent for advance before this
stock will reach ts real value paying investment
Mohawk recsded traction to-day, but 1t will without
doubt soon recover There is why 1t should
sell below par Long leland is getting to be good
stock for the bears TO work and at little higher
prices the opportunity will be made available Harlem.
and Reading railroads were not 30 active to-day, and
prices receded slightly The probability 10 that the
action will be but temporary, and it would not sur.
prize to prices higher at the close this week.
than they have been yet.
The receipts at the Office Of the Assistant Treasurer
ofthis port to-day, amounted to se5l72 81 payments
S24 s57 ST. balance 81 S23 4l0 c.
The New York Insurance Compan have declared o
regular dividend Of Eve per for the Last six months
and extra dividend Of three per cent. The New
York Equitable Insurance Company have declared a
dividend Ct twelve per cent
The following dividends have been declared at
| Charleston The Commercial Bank, one dollar ana
twenty. Ave cents per share; Union Bank the same;
State Bank four dollars per SHARE Bank OF Charles
tan, FIVE per cent; Planters and Mechanics Bank
eighty seven and half cents per share. Bank Of
South Carolina, one dollar and thirty five cents per
share; South Carolina Insurance Company, one dol.
lar and q half; the Merchants Bank at Cheraw 8,
c., Fix dollars per share for the last six months
The balance OF the bonds of the State Of Maryland
In the hands Of the Baltimore and Ohio Railroad Com
pany, have been tsben by Brown, Brothers Co., OF
that city at Oh per cent This secures the means OF
completing this important railroad route to the West
The last annual report OF the schuykil Navigation
Company gives very foil and mprshensve account
ofthe operations Of the canal during the past year
Thao nal 90 a.
miscellaneous tonnage, 17oC1s total tonnage l5so4o
tons The toll received on coal was si0ooso a. and
on miscellaneous articles, S6a.4Oe ls-totai toll,
$244oSo A. Rents accruing from real estate and
water power, e2223l g. Total receipts for the year
s26c2S7 81 The total amount Of interest nov due ON
the common loans of the company, 10 a. follows:-
Interest to January i. le49 inclurivs ssc7so -.
Interest January L. lsss, to January !, 1859,
Interest January l. 1850 to Janu.iy j. 1851 ''I' W
inciusNe ..'s..... 19l,3o4 90
IotAi. .s..'.. .$40A.e60 80
These the board proposes to settle by An
cue Of scrip, payable In three equal on ths
lat OF November In 1854 1885, and 1866 with the op-
ion to holders to convert into capital stock Of the
company At par, at any time before maturity There
were built or purchased by the company during tbs
year l04 boats, which, with the boats on hand and
ct fer serves viii give actual boat capacity tor
next business OF $50 boats $50 tons each or
totsi Of 90 ESQ tonstn increase last year Of 81
boats or 1900 TONS The capacity Of these boats Il
sstimated by the board would give u trade Of about
$50 ooo tons Of coal for the year 1851 The line
Of canal Will bein order for the pton Of naviga
ton by the 10Th Of arch next
On TIE lst inst si25 subscribed n Charles
ton TO the South Carolins Atlantic Steam Navigation
Company. BY the act OF Incorporation like amount
Of Sls5 COO will be loaned to the company BY the State
and they have authority TO extend their capital TO one
million Of dollars II lis estimated that the subscrip-
tion VIII build the hrst ship, and that abe may be Put
snost by the fret Of July ns1 Ono subscription only
vent to the highest amount limited by the Law
tsl2too, the rect we're for smaller sums many being
Tor single share, ~ 900
TIL following applications win be made to the Le-
sla,ure Of Psnntylvanls, during the present session
for bank charters, aud an increase Of bank capital
Anthracite Bank Of TsmaquA $500 600; Richmond
RAM, philadelphia, $500 COO; Carlisle Bank SI0o OU0
Valley bank 81 Monopgahels, $3.50 GOO; Mauch Chunk
ss5ot0e, Blair Co Bank Holidaysburg 100000; Far.
msrn ana hseh's Bank, Alento~n. 800 COO: Bank of
FaJet'e county $4,000 Kittanning BsnG State
inrrtrAe ~ ps $3.50 Ooo; Remington Bank Phiia-
dslFha, 0Ott; Rank Of Commerce, $3.50 600; Me-
essbes Bank 10000; sehuylsili Bank, Philsdsi-
ks,ton $4,000, Dsuphin Deposit Bonk aarrisburgh.
$4,000 Allentown savings, with discount privilege
slcu te0-Total 81 10000.
The Auditor General Of Pennsyl, anita gives the an
hexsd statement, shoWng the several loans OF the
commonwealth thels rates per cent interest period,
when rs.iDburshhle, and amounts ~ they stood or
the the LET day Of December, 1850 -
TisANg1s % PrsSutNsrk-PUIMc Isu.Errpsr.. Dsc
To.sske