The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-02-08
m OaE RK e Il.

The stock market rallied q little to- day 1t was ono
of those reactions usually attending a too rapid de-
cline. At the hrst board Erie Income Bonds advance
u per cent; Farmers Loan, q; Erie Railroad, Ia;
Utica and Schenectady. l; Hudson River Railroad, Is
Norwich and Worcester, Ia; ssonington, "a; Har-
lem, IL; Reading Railroad. Ia Portsmouth Dry
Dock "a. Edgeworth declined "a; Morris Canal, %
At the second board, Reading Railroad went up q
cent; Harlem, 70 Farmers Loan, "a Erie Income
Bonds, u; Erie Railroad, al Portsmouth Dry Dock,
NJ Storington, l. Norwich and Worcester, !; Morrisa
Canal u. After the second board, Harlem sold az.
eIh Farmers Loan at 50; Erie Railroad at 81; Can
ton at 60. Morris Canal offered freely at 1917.
Holders Of fancy stocks made desperate effort Thu
morning to sustain prices in anticipation Of very ia
yerable from California. The Empire City from
Chagres brings but hundred and fifty thousanc
dollars in gold dust; and the accounts in relation
to commercial affairs and mining operations
are by no means 20 encouraging as expected We
publish in this days paper very interesting statement
from California papers OF the shipments Of gold duss
from San Francisco up to the latest date The aggre
gate not so large calculated on and goes bu
little way towards paying for the immense amount
Of property sent from all parts of the world to that
country II the rally In the stock market has nothing
else to sustain 1t but the receipts Of gold dust from
California, 1t can be bat temporary aad the bulls vii
have prepare themselves for further depreciation
At the solicit alton of the Morris Canal Company.
the argument relative to the In has been post
poned This locks bal 1t is most binary thai
the President Of this company man who has boers,
President Of the Senate of New Jersey, and member
of the Legslat several yearsshould have Mtto
regard for legislative ensctment as to permit suet
gross infrngements OF the law the officers Of tho
company have been so long guilty Of No can
misunderstand the amendment to the compsny'e
charter ade last winter and do tho justice
Of enforcing that part of the act authorizing issue
Of preferred stock without carrying that part OF
1t requiring consolidation OF the old stocks The
company can gain nothing by delay. The Chancellor
must grant the injunction and compel the directors.
to consolidate the old stock, provided By the sup
plement to the charter.
There has been eng ury lately for Illinois Cana,
Registered Bonds, 1877. These bonds are the fr.a
claim on the canal revenues aat canal lands, aftes
the 81 oColosn Is paid. Twenty nine peg cent C.
that loan has already been paid Lands have already
been sold for an amount large enough to liquidste
the balance and there canal lands unsold value
at $500 co., the proceeds of which will be piled the
payment of the regs.ersd canal bonds. Independent
OF this the State Is holson all canal bonds for both
principal andnterest There Is very little doubt but
tina. the Legislature Of Illinois will pass free bank.
ing law, In which all the bonds OF the state will
lie in demand, for banking purposes
The receipts at the office OF the Assistant Treasurer
Of this port to day amounted o56 &C. PAYMENT.
S5l155 CO Balsuce, s455eoe7 sc There Is create
number of ships due at this port from Europe thar
ever known before at this season favorable change
ofwind would bring whole fleet OF them along Tho,
payment Of duties during the next sixty days Ia uke
to be very heavy.
The Canal Board. at Albany have fixed upon the
rate Of tolls for the next The mott portant
change In aonr and wheat which have been reduced
one MILL On railroad iTon the reduction is one mil,
and half The follo~ing are the principal ar.icIee
which have been changed and rates per nile Flou-
and whest, three mills; beet, three mills; cheese
three mills lard OIL three mills; domestic hides three
nills; oysters four mills; foreign salt three miils,
railroad iron, two and half mills shingles, one mill
eight enths copper or. halt the old rates 10 re book
The New York and New Haven Railroad Company
have declared semi dividend OF three snd a
bali per cent.
The receipts Of the Harlem Railroad Company, for
the month Of January 1851, amounted to Sal sol 81
against f3l 54l IS for the pom ding month r
1850 showing an ineres,e for the msnth this year o.
spoeo %, equal to nearly SO per cent
The fret bar under the general Law OF New Jersey
has been organized and the required certificate flee
with the Secretary Of State 1t IL to tie called the
ocean Bank and to be located at bergen Iron Works. in
Ocean county. The capital IL $50 0oo and 10 secured
BY United states Elk per cent stocks.
tits stated that the Iiuasss River Railroad Compsnr
have purchased the Troy and Gr,enbush Railroad. It
s reported aso that they have leased or are about &c
lease for term of years, the Troy and Schenectady
Railroad.
vast number Of ten cent counterfeit coins have,
We are told been is,ued from secret mint in Connec
lieut. They bear the dates respectively oflsI7 and
1sls well executed and passed without any diff
Guilty The principal feature proving their spusious
character lie the absence Of the crcet Of around
the figure Of Liberty, which the genuine ten cont
pieces have These bogus coins have been teeted ane
found to be mixture Of metals easily fusibe with
plating Of silver
The snEexed letter from the President OF the Porte
outh Dry Dock and steam boat BARN Company, give
valuable information relative to the operations
during the past year aud the prospects Of the Com
psry-
orrtcr or rrr PoRrssorrH DAY Docs hSp arrAM.
soar Basir Co., New York. 18th Jan. 1851. 4.
In copfequence of repeated inquiries addressed tcs
the officers 81 this Company, by stockholders sncs
others touching Its present condition. Induced
to publish the following statement In advance OF
port that the Board Of Directors propo.e 20 make
all the debts are paid OF In tuli The property
at and embraces the termination OF the ssots river
and the Ohio and Erie Canal which meets the Ohio
river With the lakes at Cleveland II Is In and ad;op
ing the town Of Portsmouth, place Of great promise
situsted lilo miles above Cincinn atti with popula
tion Of about i've thousand and Increasing The Com
psny own canal half mile loog with the
Ohio Canals cana boat bssn 500 by 40 feet q steam
boat wharf or grade ferry, water power, several
$40 600, but upsn stone piers 725 feet across the
teioto Part OF the land IL laid out into build
Ing lots and portion 10 LET for about $500
PER snnum The Company have Opposed Of seventy
In pay msnu equivalent 10 cssh There up-srd Of
eco Tote naning m cold. indepepdent of other