The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-02-28

THURSDAY, Feb T-6 y. NJ.
TIE stock market was active to-day, and a larger
portion than usual Of the transactions were for oa.h
We notice no feature among operstors Pri,ss
dropped little at the first board and closed at de-
cline mpared with those current yesterday. In
diana Sc fell of II per cent; Erie Income Bonds
Morris Canal Hudson River Railroad, q (since pre-
vious ss;e) Farmers Loan, Erie Railroad, I; Long
IslsnS l; Reading Railroad, /; Norwich aud worc.s-
ter, Portsmouth,, u. The drmest stock the list
to day, was Harlem and 1t improved from the opsniay
There only moderate amount OF stock offered at
the first board. Portsmouth and Edgeworth were
steady ard all offered freely taken. The citizens
Of Portsmout nth, Ohio hare obtained city charter anc
will at proceed to organize There is no doubt
but that the railroad charter a be granted letter
from Columbus says AS TO our railroad IL viii not BE-
essentially affected by the success failure of any
other road. 1t stands upon an Independent basis.
While the mineral gions endure and they mex.
hacttibe-it will have plenty OF business to do and
that will enrich the country through which the road
passes, and the place where IL terminates Let what
mag hsppen, two things are eertan-the road viii,
benedt Portsmouth, Jackson, and the two counties
generally and its dividends will go Increasing be-
cause IL will create it's own business
The Chancellor Of New Jersey has after q patient
hearing Of the arguments on both sides granted an
Injunction upon the Morris Canal Company. This will
compel the company 10 consolidate the old stock and
reduce the lumber Of shares from forty one thousand
TO ten thousand two hundred and CITY We never for
none mt doubted the result OF the application an the
Chancellor Is entitled to credit for doing his duty
but for his promppes, In giving IL his earliest con-
alteration he deserves the thanks Of all holders OF the
preferred stock, and all those holding the old stock
uho with TO the affairs Of the company properly
managed, aud the produotyeners Of the work made
great possible. We ,hsll have the two stock.
the cid and the nsw-proprly placed before the public
and on the books Of the company. We have ne
fault to find with the management. The Pre,i-
dent, Mr.. Marsh, is highly spoken of, and We be-
lieve has not his supeiisr Gs an administrative
officer. in any Incorporated company In the coun-
try. IL never has been our belief that he W.
personally opposed to a strict fulalment Of the
Law, and feel confident he will promptly obey any
order from proper authority The injunction will pro-
badly be served At and the old stock Immediately
conolidsed as more transfers can be ade except
as provided by the act amending the charter There
sales Of the old stock this afternoon at 19a1qx
per cent This Is equal to &c II for the consolidated
In the argument before the Chanc.llsr the company
were ably represented aud every point likely to su,-
tain strengthen the in the course pur-
sued, was raised without success The Board Of Bro
kers must take action In In reference 10 the
olassiscstion Of Merrs Canal stocks that the public
may know what they are dealing In. As soon the
Cancellation is complete Il will not be 90 di6cult &c.
distinguish them there will then be but two kinds
The receipts AZ the oce Of tn. Assistant Treasurer
ofthis port to day amounted to sl3T5io. Psyments,
se2a64 81 Balance, ss,ss7 la 80.
The annexed prices obtained to- day ct auction
for the bonds Of the Lafayette and indianapolis RAN
road Company