The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-04-02

and the transactions in all the fancies were large AT
the first board United States 6s, 1868, advanced u per
cent; Erie Income Bonds, al Erie Bonds second mort
gage, "a; Delaware and Hudson, "a; Portsmouth Dry
Dock al Edgcworth, a; Erie Railroad =; Harlem, ,z
Norwich and Worcester 1 Reading Railroad q There
considerable activity in railroad bonds particularly
Erie Income Reading Railroad is steadily improving;
but the coal trade this year has not yet been fully
developed outsiders do not operate with confidence 1t
may not improve much at present. but it our impress
sion that it will not fall Of much. large Eastern in
teres has again taken hold Of the stock and specula
tive movement may give it upward impetus of some
Importance. Edgeworth in demand to-day at the
advance. and closed firm. Portsmouth will move with
out doubt, Of these days; it is well held and
nothing but higher prices bring out much stock.
Erie Railroad looks better, but the Improvement is not
good basis
Harlem is destined to advance rapidly. 1t is, in
opinion the most promising railroad stock on the list.
The monthly increase in earnings large per cent and
the prospects Of the company favorable
the cheapest railroad stock in the street. but has
been depressed by reports made relative to further issue
stock and increase Of the supply upon the market
This story is all false According agreement made
with contractors for the extension Of the Harlem road
from Dover Plains to Chatham -Four Corners, it
that before the completion aud acceptance of the
extension the Harlem company would receive and pur
chase any and all Of the certificates be issued for said
hch may rendered for sale the
Of the company their Office in the city Of by
the then holders Of the and will issue and transfer
faid holders respectively ten shares Of the capital
stock Of the New York and Harlem Railroad Company
in exchange for each certificate of five hundred doars
and twenty shares Of the capital stock aforesaid In
change for each certificate Of thousand dollars until
the aggregate amount Of such purchases and he stock
issued in exchange therefor shall reach TO million of
tv.u hons Of al
The contractors have agreed to complete aud finish
miles Of the read from the depot at Dover
Plains y the fourth day Of July 1851 and the whole Of
the read 10 Chatham -Four Corners by the fourth day Of
July, 1852. The Harlem company issued under trust,
two millions Of dollars In certificates the entire
sdcraton for the creation, building. completing and
finishing the railroad with the depots turnouts depot
buildings Sc-thcse certificates to be issued from time
time the work progresses but not convertible
into stock until after the road i completed and accepted
by the company This at any apprehen-
sion which mny have existed relative TO the supply Of
stock likely to come upon the market away
great weapon the bears II they have been selling
short with the belief that these extension certificates
could be converted into stock at any time they have
made great mistake
The receipts Of the Erie Railroad for the month Of
March 1871, follows
From passengers aud mail. ...,.......,. sGsso0 ~
Total. .,,.,.,,,,,,,...,".,.,,slo3 4Oo 10
game month, E05Is 81
Inerease. s32s22 81
The receipts the ofce q the Assistant Treasurer Of
this port, to-day, amounted 10 Sl17ol9 GO; payment
ssssl2 C3-talanee, s3os26o6 IS
The demand for sterling exchange to-day was quite
active caused principally by the decline In rates We
quote Loudon, 10 a lolt per cent premium on
paris, SIS. a GfTts Amsterdam. AL ~ Bremen,
5ela Tsts Hamburg 81 a S7ts Several orders for
specie fer shipment have been counterna ndcd aud the
stcam,hip Arctic will not take much expected
The shipments q silver by the steamship Franklin for
Iayrc will he limited The outward has SACKED
Up sooner than anticipated. II may. however. be
merely temporary lct W, and may be renewed with in
creased yigor
Articles association for the Bank e the Metropolis
have been h,d in the Secretary Il states oce Albany
with a capital Il $4,000 The subscribers the stock
Mr. Farlauc, six hundred shares y. r. Trcmaine'
two hundred shares aud H. II. Mccormick, two hun
Gr,d shares
Tie Bank 81 Lantnglurgh has declared ssmi-annua
dvid,nd q four aud a half per cent
Quotations for land warrants, cid issue, range from
sla5 to sl45
The coinage nj the Philadelphia Mint during the
month a March amounted TO Sc 10000 showing with
the previous reports, aggregate coinage for three
months. 81 s1tOOooo0 Gold deposits at the Mint In
March. amounted to 100000 Total from January lst
10 April ist 1881, si1ooocoo
Answ hank. under the recent free banking Law, Is
about 10 te established in Burlington New Jersey II s
expected that hank will also b established at Camden
nj E.r