The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-02-16

oaruRpAY, FEB. 10 r. NJ.
The stock market opened little heavy this mora.
ing; but no more so than might have bsen expected
after the improvement. of the previous two days The
which have been at work to deprsss price.
have not entirely passed away, and must be pre-
pared for occasional reactions In the market It will
without doubt, be time before speculation will
again become so extended as 1t has been for some
time past; but 1t must be borne in mind that o.
the snces have fallen of large per csnt-that ope-
rators looking for the usual spring riss-that
money is not only plenty but daily becomn album
dsnt-snd, than all these, that there stocks
the st cheap enough purchase at present prices
1t would not do for spectators to enter the market
and take hold Of the fances promise there
are many dapgero to touch at any price BY judi
cous selection there is very little risk in operating fo-
RISE and money will be made the leading I'D
stock ct current rates Morris Canal Long Island
Canton Com pany and Railroad stock very
certain securities to texch and would be better to let
them alone. Harlem, Norwich Portsmouth Dry Dock,
Edgeworth Company, and Stonington Railroad bonds
Of all kinds safe purchases at present prices Co.
vernment and State stocks too high to purchase
for investment, speculation. There several
socks We have omitted because at present their posi-
ton is rather equvocal and the they likely
to take, doubtful Something definite may transpirs
IN few days, when shall be able to tell about
them. Another speculative movement will without
doubt, be confined principally to the stocks have
named above as having margin for rise and trans
actions within the past few days show that they
favorites with spectators At the first board day
Erie Income bonds declined u per cent; Edgewerth
Company, "a; Morris Canal, x; Portsmouth Dry Dock,
u; Farmers Loan, 4; Norwich and Worcester, y;
Reading Railroad, II; stonington, Erie Railroad,
q. Canton Company advanced TX per cent; Mohawk
IL; New Jersey Mining Company closed at yesterdays
prices When this stock is better known 1t will
mand better prices. Harlem quite active day,
and closed firm.
The receipts the oc Of the Assistant Treasurer Of
this port, to-day amounted to S76253 81 drafts paid
s365l4 81; mint certificates paid, S972,s74 Balance
on hand, including mint certificates, $457s,oso &c.
The amount Of coal transported on the Philadelphia
and Reading Railroad during the week ding the 18th
inst, IL soo tons Total this year, 2S4 622 tons;
time last year. l3s tons; increase this year.
139 Ss4 tons.
1t was stated, day or two since, that a bill had
psseed the legislature Of yirginis authorizing sub
scrpton by the State of twofhs of $500 900 to the
Mapssras Gap Railroad Company. We now learn from
the Alexandria Gazette that the company has
tracted with Mr.. James Dunlap, Of Petersburg
ssen for the manufacturers In Wales for the delivery
at Asxandris OF 1850 tons OF railroad iron The rails
to be OF the pattern similar to those the Read
Ing Railroad fifty two pounds to the yard, and to be o.
made have been completed to the top OF the Ridge and
the chief engineer has been ordered proceed forth
with with the surveys to Harrso nburg. rhirty.t
miles of the road under contract and the re.
mainder to the top Of the Ridge will be contracted
by the 25th inst
The people of Petersburg Va have decided that the
city In its corporate capacity, should make an aidi-
tional subscription Of $500 the stock Of the South
Side Railroad Company. The vote was 1855 In favor and
seven against It,
The Southwark and Moyamsnsing Gas Company
have declardout Of the PROFITS Of the six
dividend Of four per lcent payable and after HI
18th Inst. The Mercantile Mutual Insurance Com.
papy have declared dividend of twenty per cen, On
the earned premiums for the year ending the 3ss ut
for which scrip will be issued and after of March
Ihe asurasnce Company Of the State Of Pennsylvaaa
have declared dividend Of seven per cent from the
profits OF the last six months, payable on demand.
At recent meeting at Utica, N. Y, OF those favor.
abs to the building Of road to from that place
and intersect the New York and Erie Railroad com.
mttss reported In favor laying the route through
the valley of the Unadla and susqushannah cutting
the New York and Erie road at Deposit MN u.s.
with branch from point four miles north for the
purpose Of receiving coal The road will be 81 miles
lsng, and will cost s1,6soooo. committee was ap-
painted to draw up articles Of association.
The directors Of the Hudson River Railroad Com.
pany have recently concluded an arrangement by
which they the entire control OF the Troy aud
Greenbush Railroad, which they design to connect
with their own, and thus not only reap the benefit
from the great Western lines which terminate ct Al
bapy but also to reach the termination Of the North
lines which terminate at Troy. BY this arrange.
ment continuous northern line will be formed from
New York city to Burlingt VT, aud when the Uud.
son River road finished person may leave the city