The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-04-07


SUNDAY, April Cd p VI.
The stock market closed buoyant yesterday than
1t opened The depression in the morning merely
Temporary reaction, which anticipated The rise for
the few days previous had been too rapid 10 be
tanned, and 1t induced many large holders to realize
This brought out deal Of real stock and brought
In class Of purchasers. This by
be considered unavorabe feature gives greater
strength to the market, by attracting spectators at
higher prices There therefore greater necessity for
keeping up the excitement to enable those who have
more recently come in, to realize profit. Within the
past week prices have advanced from three five per
cent, and the transactions have been unusually large
An important change has taken place in the position of
several of the heaviest operators in the street. but
some Of the largest houses still bearing the
market with all their strength. The prospect at
present is certainly favorable for them it
last week at this time but it is impression that they
will make fatal mistake. There is doubt but that
We about entering, rather have entered upon n
speculative movement Of considerable Importance and
that prices must for time longer continue to improve
The expansion has been thus far too rapid but pro-
liability is that it win hereafter slower and perhaps
more permanent. There is yet a moderate margin for
advance, but it must DO judciously managed or it
will never be realized.
The monthly increase in the receipts our railroad
companies is the surest basis for improvement in
prices for the stock Of each The receipts Harlem
Railroad Company for March, 1851 S426l5 16,
against S32 SOC 20 for the corresponding month
year. showing increase Of S10olS 93 equal to about
thrtytwo per cent The increase in earnings thus far
this year TO S27 G93 o. equal to S11s775 76 for
the year. The estimated increase is 100000, but
there is no doubt that will be exceeded. The sea.
son for pleasure travelling is about opening
and the probability Is that it will this year exceed
anything Of the kind before realized The resources
rf f1cT nr Rulr
We have been astonhed at the large per increase
In the earnings Of the company. The road termi-
mates at small place in the Interior and its earnings
derived entirely from its local business This being
The case what can We not expect in the shape Of income
when 1t connects with the great networks railroads
tsversing New England and the northern part Of this
State? As the extension Is completed to
Chatham Four Corners the Harlem Company will con-
meet with at least thousand miles Of railroad from
most Of which II will draw less business. 1t
would be well enough for those interested to consider
these things before parting with their stock present
prices The monthly returns Of the Norwich and Wor-
ccster Railroad Company exhibit steady increase
in receipts. In March, 1851 the earnings amounted
20 S2l c3l 92, against s2o131 for the month in
1850; showing increase Of 81 531 o. The total in
thus far this has been about five thousand
dollars The prospects Of this company good
count of its locality and the probability Of its connecting
Aend Of four and half per cent made last year out
Of the earnings the increase this year has been
large enough to insure equal dividend for ISL The
receipts Of the Albany and Schenectady Railroad Com
psny have been very large this year compared with last
In March they amounted to sl6s76 H. against sl2 81 o.
for the month in 1850, showing increase Of
&4J65 13 equal to thrtyseven per cent This certainly
looks well for dividends and for general improve
ment in the financial affairs Of the company. All the
New England roads doing WELL in fact, accounts
every section Of the country give favorable
ports Of the prosperity and producyenes Of all works Of
internal improvement. Railroads intimately
with the progress Of the country that whatever
tends 20 increase population and business tends TO in
the productvcness Of the works connected with
travelling and transportation.
The trustees Of the Illinois State Bank have given
tcc that large lot Of lands belonging that iusttu.
tion will be sold at auction in May payment for which
win be- received in the outstanding indebtedness Of the
bank at par.
The total value Of the exports to foreign ports from
Baltimore, during the month Of March, amounted to
$o670 IL The total amount Of duties collected at the
port during the month Of March, slls5oO against
e643S5 so for the corresp, ndrg month Of Last year
The total receipts into the United States Depository
Baltimore, during the month amounted to S11spo7 CO.
The balance hand in the depository the 18th Of
February S7s,6e2 So, and the 3lst Of March
e6a509 33-showing the disbursements during the last
month to have reached the Of $3.50 90 The en-
tire received the Baltimore house du
te~ from January to March 81 1851, being the first
quarter Of the year s274OO7 Os. During the
period In 1850 the duties collected amounted only
S2s474 23-showng increase thus far this year over
ls5o, q S2ae22 rs.
Tho following banks, the free banking principle,
have been chartered by the Legislature Of Virginia
The Merchants Bank at Lynchburgh, with capital Of
not lees than 100000 than 100000 the Gen.
trsl Bank Of staunton, with capital Of not less than
eltooco nor more than $4,000.
Bills for Incorporating the following banks the same
principle, passed the House Of Delegates Friday
probably passed the Senate saturday
The Bank Of the Old Dominion at Alexandria. with
capital Of not lce than S0oo00 than Ssooooo
The Trader and Mechanics Bank Norfolk $4,000
20 $4,000. The Bank 81 Commerce ut Fredericksburg
$4,000 10 100000 The Manufacturer and Farmers
Bank at Wheeling $40 600 10 $4,000 The Manufac-
tursrs Bank at Charieston Kanawha. $4,000 10 $500
900 The Farmers Bank. at fincsstie. $4,000 10
&3o0O0. Bank at Portsmouth. Sleo 600 TO s1DoOoo
The Marion Rank at Paramount. The minimum capital
Of these banks 81 600 o00-thc S3 800 900 n
supposed that during the present year more than
elo0Voo0 q the capital will be In operation