The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-09-20
M u N Z Y MA II X l. II.

L.
The stock market was very unsettled this morning
Prices feversb and uctuated considerably At the
first board Erie Income Bonds advanced y per cent;
Edgeworth q; Erie Railroad "a Harlem "a; Reading
Railroad "a; Morris Canal "a. Long Island declined
per cent Norwich 1a; Erie Railroad stock ia active
demand from buyers time, while the transactions in
most Of the other eadisg railroad securities
cash United States SIS in demand AMI the sales
larger than have reported for time past. The
advces from California have not had the favorable effect
on the stock market anticipated We shall probababy
receive by the two due from Chagres about
two millions Of gold dust This will hardly up the
sum shipped to Europe during the past two weeks The
banks have recently received remttances Of specie from
the interior and the amount hand has lately
ed but tire supply in tie country has not been aug
mened ty mportations from California. The Frank
n for Hayre to morrow Saturday will take out nearly
hslf million, good part Of which will be silver.
We canuot trace any Of the numerous reports of fail
TO authentic Several have been named
within the past day two There doubt but that
many mercantile houses laboring under serious nan
cal and have been compelled
aid and extensions but comparatively few failures have
occurred Developments growing out Of recent failures
relative to the system Of doing business among the Do
bng houses Of this city exhibit most extraordinary
state Of things, and make wonder that more bank
ruptcies reported The large failure announced
day two since, will fall very heavily upon several of
our French importing houses
The receipts at the Office Of the Assistant Treasurer of
this port today, amounted to sl230s9 co. payments
Sl2l,1ss 67-bslAnce, S3sls ca s.
We>hnd In the London Times Of the Goth August, an
article In relation to the phosphate of lime from tina
mines Of the Union Manufacturing Company Of New
jersey This company chartered by the Legislature
Of New Jersey during its last session. with lpita Of
FIVE bup dred Iop Joiis
dent David A Hayes, Secretary. This phosphate Of
lime contains ninety two per cent Of bone earth The
Tines says-HA few months ago, threatened
with Peruvian guano monopoly and most jealous
and enterprsins sercutursts began to fear that for
this enrichng substance, they TO depend the
tender mercies Ct government which doed IL out in
such limited quantities suited its purposes AMI
diverted into its treasury the entire benefits Of dmin h.
ed freighs But the importation Of substance into
Lverpool-the American phosphate Of lime-wil cor
rect that This substance contains ninety per cent Of
bone Garth and in the statement lately laid before the
Royal Agricultural Society information received from
the American Minister, and several Of most eminent
scientific men appears that vein alone discovered
in New Jcrfey, would supply the English market 70
many years We have thus, every year, resource
trtn to us fer increasing the fertility Of soil, and
need b. under apprehension to its exhaustion
To give idea Of the Importance Of this article
fertilizer Of sells IL only 20 state the fact that
in lsIa small farm near Baltimore. 80 much reduced
that not than peek Of could be produced
acre that all the vegeta bic matter growing two
hundred OF cleared land including the brier
rec aud otLe tushe' carefully no. have
been sufficient fer tie msnufa cture Of hdf hors
wagon lead u manure by the application Of tn,
phosphate Of lime Iotord ouch fertile state 10
yield between twenty-five ard thirty bushels Of wheat
rer IL found upon anslJzin the soil that Il
contained abundance Ct lime, potash mssnesa, iron,
ard organic matter duly mixed with aumins and isud
element only Of fertile soil wantiug-phosphorc
scid and Ct this there trace The phosphate Of
lime was the one thing needful. It applied at
exyen.e per This Is but Of thousands Of
similar eases and the Importance Of this fertilizer
not be overrated It, effects better understood in
Great Britain than in this country but the time is not
far distant when it value TO the sgriculturt this
side &C the Atlantic will be Acknowledged The Union
Manufacturing COMPANY supply any demand for
this article and must take the place Of all othee
lures The consumption Of guano in Great Britain,
nuslIy is immense. In 1sio $4,000 imported
into Engsndi and la 1860, lie 600 tons Besides this
than tbtee times this quantty artificial guano is
manufactured As far back 1896 the sale Of bone dust
in England for that year. un.ei to more than four
millions Of dollars.
The Leeretts Gap Railroad, terminating at Great
Bend on the Erie Railroad being nearly apished. the
e,mpany are naturally anxious to open direct and easy
communication with Central New York and Canada
West, The business Of the Lcggetts Gap road will de-
pend CHI, fly on the Lackawana coal trsde-snd short
route to Lake Ontario is 10 them very important des
derstum Efforts have therefore, been made TO get up