The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-09-17

MON Y MA IL * T. II.

TUESDAY, sept lc-o Il. NJ.
There not much activity In the stock market
day have noticed for time past, and prices
very unsettled the first board Morris Canal
clined "a per cent; Erie Railroad al Harlem, az New
Haven a. New Jersey Zinc Company advanced u per
cent with large sales; Norwich and Worcester, a. We
hardly know what to make of the market Speculation
Is confined to small cliques brokers' and the uctua-
lions not sufficient to give either party much adyan
tage There Is disposition, Of the street. pur
chase and the fancies concentrated in few hands
The movements in Erie Railroad for some time past
been Of extraordinary character the result is
likely to be similar to that realized few months since
Large purchases have been made for a rise by partie
concerned in the previous but they labor under
greater disadvantages than those experienced at the
time The decline in prices since last July, has
bought into the street a large amount of stock
II will therefore, be difficult to manage the
this time notwithstanding the reduced market value of
shares. The brokers probably hold Erie R. stock
at this moment than before and those who have
been induced compelled to realize will not be drawn
again easily into the The position of our
merchants Is not calculated to give much of upward
impetus to prices for fancy stocks most Of them have
much they possibly do to raise money to meet
their business engagements ard many Of them who had
invested large in these securities at high prices
have been obliged to realize at ruinous sacrifices to
sustain themselves in their legitimate operations Our
merchants teo often caught in this way they &c.
morally pay very dearly for their folly Losses Of
their regular line of business have been the Of
more failures among the commercial classes than all
realized in any other way and five failures out every
six can be traced directly to stock other equally
hazardous specuations The recent strngency in The
money market, and the suddenness with which it
came upon the community have had favorable
effect upon business men. 1t checked the rapid ia.
fation going on in credit and mercantile operations and
came at time when the effect less disastrous than
1t would have been at later period 1t has taught all
lesson, and it will be time before the onward
movement viii again acquire such an impetus.
The receipts at the Office Of the Assistant Treasurer Of
this port, c.dsy, amounted to sos COO OS; payments
S22446 5i-balsnce, S3s6ss81 20.
law passed by the Legislature Of this State,
compelling country banks to redeem their issues
either In New York Albany at onequsrter Of per
cent. The law 10 a good It does not curtan the
Issues or circulation Of the legitimate banks but exacts
specie from those institutions which created for the
sole purpose Of issue and circulation 1t is admitted
by ell that Mr.. Bardwe, Of this city, the prime
in this matter; and he devoted his whole time
and attention to 1t for than six months It Is only
just and proper that he should be literally rewarded by
those wko have been much benefited by his exertions
The amount received for tolls at the Canal Collectors
Office in this city during the nd week September
s125os 80; period in 1850 sl2iOs 5s-incresse
in 1851, 500 30. The aggregate amount received for
tells from the opening Of navigation to the 18th day
ofseptember is s2ls43o 81; during the period in
1850, sls6,9i7 5o--increase In 1851, s3l 432 a.
The fetal quantity Of cotton goods exported from
Boston from January to September H. 1851 81 s3S
Packages against 1890 packages for the period in
1850, and % $50 for the same period in 1919.
Manufacturing establishments in the vicinity Of rren-
ton, N running less than third time, in
sequence Of the low state Of water in the Delaware TIE
river said to be lower than II has been for thirty
years
The Bank Of France returns for the week ending
Thursday, the 18th Of August show the following