The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-04-16
NJ ON Ely Nj TX K f. II I.

There was n better feeling in the stol market this
morning and quotations for the leading fances advanced
faction. There were large sales Of Erie Railroad and
arlcm but tho Of stock offered did not depress
prices anticipated Reading Railroad recovered por
tion Of yesterdays decline and there good deal OF
activity in the stock At the first board to-day Erie
vcrtible fell of x per cent; Norwich and Worcester 4
Reading Railroad advanced ~ per cent; Erie Railroad
a. The bulls appear to have taken fresh hold Of Read
ing Nearly three thousand shares sold for cash to-
day the first board advance of about per cent
the opening price This does not look WELL and it is
our impression that it will not be sustained Speculation
in Wall street works wonders and the ups and downs Of
prices criteripn Of the value Of any stock Be-
stock falls Off is selling at low price, it does
not follow that is deprccatng in value is worth
thing and that IL is not worth than Is SELL
ing for; but it shows that either the depressing influence
bearing upon it is strongest, that speculation has not
touched it, that it is little known in the market. 1t
is curious to watch the of Of the leading
fancy stocks note the fluctuations in prices, and seek
the cause Consistency is virtue among stock spec
ulaters in Wall street. The same operator will bear
certain stock to-day and bull it tomorrow, without the
slightest change having taken place in the meantime in
the stock
The Erie railroad will be completed to Dunkirk By
the first of May The mana cement deserve credit for
the puncuality with which their arrangements in this
respect nave Dcen comphed Win. trains Will not
regularly until about the mi idle of the month The
opening through WILL doubtless be celebrated in prop
style Many holders Of sto,k will at that time avail
themselves Of the excitement to sell out, and prices
above those current will without doubt be realized
The speculative movement. now going is based upon
such probabilities ard is possible the results may be
equal to the apsipations Harlem is firmly sustained,
and the prospect is certainly favorable THIS road
drains great extent Of country and its long travel this
year must be very extensive. These Leading
railroad stocks and attract the of large class
Of spccuators. At the second board the market
better and a. the close prices slightly improved
The receipts at the Office Of the Assistan Treasurer Of
thi. port to-day amountedto ssoo45 IL Payments s42
2l4 45. Balance, SAIL 26l 3d.
The demand for exchange to-day only 10 moder~
ate extent We have alteration to make in quo
tations Bills London, 10 1917 per cent Premium.
On Paris, ST. ia 81. 10. Amsterdam, Al. AZ.
Bremen, 20 7o'a. Hamburg go. 81 The steamship,
Baltic leaves this port for Liverpool tomorrow wednss
day. She takes out very little specie.
The New York Gas Company have declared q semi
annual dividend Of five per cent
The bank of North America viii business
to-norrow-( Wednesday,. An nstallment Of twenty
i've per cent hes been called in
petition 10 De- presented to the next LEGISLATURE OF
Connecticut for the charter Of railroad from some suit
able point in the town If stonington thence near the
shore Of Fishers Island Sound through the towns o.
stonington and Grotonlto suitable point opposite
the city 81 New London.
The Senate Of Massachusetts, have ordered To thir,
reading bya vote Of u to IL the ill oonne two millions
Of dollars to the Troy ana Greenfield Railroad COMPANY
Work upon the Lshe shore railroad prosecuted with
great vigor II expected that the entire line between
Cleveland and Painesyle will be ready for the rail by
the middle Of June. From Painesyilc "a the psunsyl
'ana state line the work in the hands Of contractors
ard early In the fall II is calculated the whole of that
portion Of the road will BE- ready the rail By the 1t
Of January next the road will De opened it, entire length
The Wilmington and Philadelphia Railroad Company
have not contracted with the Montour Iron Company
Tor any part Of the tx thousand tons If railway iron for
thsr read but it Is all of foreign although
tbs superiority Il tn. America iron was admitted
She annexed table exhibits the quotations for the
principal public stocks in this market at the periods
named