The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-09-19

THURSDAY, september 1s-G p. "
The stock market presents new feature There wa.
rather more activity at the first bard among the
ancies but the parties operating fr,m day e.
day, and there very little probability Of sther, being
attracted by the prospect Of any speculative movement
IL = pretty difficult 10 tell what twenty -four hours may
not bring about In Wall street, but this moment there
not the slightest evidence of imitation in prices
an extent sufficient to relieve present hcdogs the larzc
quantities Of stock weighing upon them. The transa.
lions In Erie Railroad have not been durng
The pas; week previously and prices steadily de-
preelntng Thi late large issue Of new stock by th
company tended to dcpress the market rrce very mate
rally. and the tdvance since has been the result of
eornering combination the withdrawal Of a great
quantity of stock by hypothecation About forty nv.
hundred shares Of stock have recently been issued
This issue was doubtless made by the mpany TO re
heye u from some most pressing demands and TO remove
Tho most trouble;omc por q the floating iebt IL s
The impression ofmaby in the street that the COMPANY
had raiscd money The hypothecation Of lsr-e amount
OF reserved stock sud that the loan Iciu. suddenly
eslledn there Affirmative but to sell the stock
for the most II would bling This partially account
for the great and rsp'd fall in the mirket value of thu
stock The stock has since been repurchased by certain
lcsding broker In Wall street, time bryers option
In sixty and ninety days which will be called in az soo
as The money market gets little CASTOR aud they ar
able TO make loan. This IL the secret Of the rr,at
c"fhtf ana the psrts concerned calculate atgel
tie favorable eject Of calling in such quantity
They are in hopes q catching the bears In ebt plo
and making hon pay dear for the whise This operation
Of The Erie Railroad Company is what we have been lon
locking for Ever since the old floating DEBT was liaui
dated by the issue Of convertible bonds ne v one h,o
been accumulating and the recent tightuess In the
money msrkst placed the company In a very difficult
position. Another issue Of bonds, at this time wouiS.
have been ruinous and the only cour,e left was 10 isu
new stock, at any price How The old stockholders will
like this. Il question 20 Dc determined hereafter
Erie Railroad declined to-day Z per cent, New Jersey
Zinc Company, ~ E5gworth, ii Canton Company, q &.
stoningon, y. At the second board th, martet Wa.
quite weak and closed heavy
The receipts ut the oce the Assistant Treasurer o.
this roi to-day ano inted to SIS o15 payments SRA
913 53-balancc Ss,sieee3 ST.
The President Of the Lawrenceburg and indianapali.
Hairosd Company has published the statement
ihe rdton Of the company affairs and Tbs progress
OF the work, or the Let Of September ISL
Entire cost CT the work from Lawrcnceburg
10 ihdanapoiis, 500 miles. including de-
poe. water stations, eseinos, and rolling
Hfck complete 81 $4,000 &C
Amount Of uock nov tubscrih, a not inolud-
itg that TAX " a. India polls the amount
81 which was mol then ascertsin.d..... 4s9T0o %
Nf'e smount q vcik Put under contract. 80 5Is 81
amount 81 work ompltt,d................ y3O2j ~
Tie above amount does not include the contracts FOR
tmter for crcs ties which the Hoe from The
rive, to Greensburg and all payable in ,tok excst