The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-01-07

4. n.
The stock market epsnsd very active and very
busysnt this morning. large portion of the trans
actions for cash, and those time prinoi
rally buyers option. Operators In Morris cana
bought largely forcash and tn. market closed Arm at
our quotations IL advanced one and q quarter per
cent nom the opening, Nearly four thou'and shares
changed hands 1t 10 the general impression that
thirty will be realised this week Every fancy In the
st advanced, to day but Erie Railroad At the fret
board United States 6s, 1887, went up u per cent,
Psnnsyivania ia, ~ Portsmouth Dry Dock, X; Mo.
hawk, ~ Harlem y Morris Canal, II stsnngton, "
Long Island, a, and Reading Railroad, ~. Erie
Railroad declined y per cent. Government stocks
we're in better demand to-day .. b.tter prices Rail
road bonds much Inquired ior but there were
sellers Of consequence Portsmouth Dry Dock has
Improved very rapidly within IN. past week but
holders have 20 much confidence In IL, that present
prices 10 not bring out much stock II Ia Of the
IN the list destined to touch higher points Far
Loan shows variation to day II IL about tim.
a pause was made Mohawk will, without doubt
reach par. IL IL regular dividend paying stosk and
IL worth par Harlem Railroad advanced fraction to:
day. Tn. report ju't made by the company shows
net for the last year equal TO four per
tLsold stock after paying interest debt DIVIDEND
preferred stock expenses sc and dividend Of two
per cent -il probably be made the stock the
Let q February Whatever increase In the net earnings
sresned another year viii add much 10 the dividend
the cid stock II Is estimated that the gross earnings
for 1851 viii amount to six hundred thoussnd dollars
This will give Increase In the not earnings Of any
thousand dollars, ctmparcs with this year, equal to
two per cent additional dividend the old stock max
Ing sir per cent Tor the year 1851 Canton Company
fell "a to day from the opening Only sixty i've per
cent has been paia this stock and 1t 10 sell
Ing al two per cent above that High enough. w
lltk for dtvid and vfu ria
Canal IL at this moment the most promising stock
the st. few year. since thousands upon thou.Ands
OF shares of thu. stock s0ld daily at eighty aud
ninety per cent At that tirs, II hal not In reality
quarter part the value u has nov Since that
time, more than a mnion aud half o. dollar. have
been expended on the work, aud it, annual revsnue
las more than doubled An immen,. amount Of money
has been Invested n this Important -ors and those
who purchase ste,k nov and held TO II, will have
al the bsnsdt Of MONEY heretofore expended aid a
that In course u payment Three hundred thou.
rand dollar, In of in episg
log the capacity u the canal snd 10 make available
portions q the work which have cost much money
~ should be borne In Ialnd that every share 81 the
Morris Canal has cost hundred and twenty I've dol
90 that purchasers At current rates get the stock
fact for nothing Twenty nve per csnt capital
spsnt tbs canal than the certificates OF stock
rsprsssnt sud purchasers have noW the benefit Of all
ths comrromises all consolidating - shAre. all
msEts al past ssrnings expended the work In fact
everything reduced 10 the most tangibl. shape aud
new stookkoIdsrr vii In 1T Low prices. just ~ IN.
work l. becoming eHeeed, 81 productive The Lehigh
Canal brought 10 tide water, last year 1880 seven
hundred and twenty tour Thousand tons u coal
Had the Morris Canal been - sunhcisst cap.-
city 20 pace seventy ton boat. at least four
hundred thousand tons % this coal would hav.
reached tho Hudson river al Jersey CITY. Another 4
year barring frerhets the Lehigh Canal will bring
down million tons Of coal more than enc bali o.
~hich viii g. this market via the Morris Canal
stotiugton Railroad Il slowly bat steadily moving up
ward Reading Railroad advanced ono per cent from Il
the opening ard closed At tho nrst board at an nd
vance q ~ Der cent On Saturdays prices An the \
sales tor cab The coal tonHsgs thus far this i
yesr hss double thst Tor the corresponding pc
riod last u il desaei % touch higher prices Fri.
Railroad the only black sheep the lock to-day
A. the second board further advance vac realized I
Portsmouth, Dry Dock vent W rsr cent and "a.
nrm At the advance Reading Railroad. !; Morris \
Canal ss Erie Rsilfssd Harlem. = Mohawk ~, I
The market clo,ed With upward tspdency The
excitement IN The street g day exceeded anything Of
the kind have sxpsrisncee for Jesrs and u would
yussls the closest observer 20 tell uhst the pexion
IL likely 70 be from one day 70 another
The receipts at the ofec Of the Assistant Treasurer
81 this port 70. Day amounted 70 s1st ess 90, pay
neuts ssss4o 81 S.lance s21sa1o5 20
The news from California L. highly favorable ans /
in,,rc,tips The remittance. Of gos increase the
sea,on advances and the accounts from the mining /
districts ~ tho most asttsripg character The t-s
steamers down irom san Francisco, u IL reported,
bring bs,wsen two millions and half snd three mil.
Hose r. gold sust freight and that the passengers
hate 10 their tsggsse sbtu, che niiion mailing an