The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-02-15

HONEY MARKEp
FRIDAY, Feb l4-e m.
There was considerable activity In the stock market
to-day, and quotations for most of the fausies ad.
vanced fraction There appears to be disposition
among outsiders to purchase willis the bears are BRO
tecting themselves by making Themselves long Tho
recent decline has given wide margin for improve
msnt before the market becomes again much inflated
and those who made money by the lats RISE have.
means to operate again and WILL without doubt, get
up another movement similar to the last The season
is favorable; the money market sufficiently easy, aud
confidence in another rise strong enough TO insure
large purchases At the first board, to-day, Erie In
come Bonds advanced 2s per cont Erie Bonds, new,
u Morris Canal. al Canton Company, 2; Farmers
Loan, II Norwich and Worceeter, u; Erie Railroad,
IL, and Harlem. u Rochester and s. racuse declined
per cent Erie securities o. all kinds improved, to-
day, with transactions to some extent Income
Bends have taken the greatest start and we'll they
might, for they have been unwarranabtly depressed.
Morris Canal appears to be working upward again.
The argument in relation to the injunction Gomez
OF on Monday at Trenton, when decision viii,
probably be made. II INDUCTION is granted,
the consolidation of the old stock is pretty certain
1t would be well enough for all parties to await the
suit of the application for the INDUCTION. Canton
Company has some life In 1t yet and moves up and
down With equal rapdity. The rise fall does not
bring out much stock. Farmers Loan continues &c,
moderate demcnd at i'm proving prices There ia very
little doing in atonington and Mohawk. Norwich an&
Worcester 10 oving upward and we look for steady
and permanent advance 1t Is tie cheapest railroad
stock the let and Is good purchase Harlem
They both dividend paving stocks with steadily
increasing business and there Is possibility o.
Their income being less than during the Last year. but
On the contrary must annually increase
reason Why tina market value should not approach
nearer the actual value of each and be per manenty
maintained.
Portsmouth Dry Dock has been better sustain
ed amidst the recent revulsons in tho mar
ket than any other on the. list, not excepting,
government. There Is active demand for the stock
which is only partially supplied The 10 q mos
extraordinary fact connected with the position OF
the property OF this Company at Portsmouth. 1t IL
the only place the Ohio river where q natural ele-
vson OF water sufficient for the construction OF dry
deck large enough for all purposes be obtained In
all dry docks built In the Atlantic ports, extensive
and expensive machinery for discharging water
Is required. ITers nature and Q little art ha.
supplied all the necessary facilities. The cur
rent Of the scoto river Is 50 rapid that In
short distance it has sufficient fsrce to drive
an immense amount of machinery. It has more
valuable water privilege than the Locks aud Canal Com
pany of Lowell Massachusetts,, any manufacturing
company OF New England with the enor nous expendi
ture of capital In the construction of DAMS 60 Thi.
water power alone Is destined to make one
Of the most important manufacturing and mschsnea,
places on the Ohio river. few years will su
veope its rssouree sitter 1t gets into proper haads
The sale Of lots advertised will add largely to the.
value OF the stock by giving Impetus to improve
ments, and by reducing the capital of the company
Edgeworth was iu demand to- day; but s.ock Offer
Ing at quotations. Long Islands undergoing another
Ia hnA do ~
process The Knapp mortgage bonds OF this company
were offered yesterday at s.ventyd Eve, and seventy
bid. Reading Railroad Is not by any means firm a.
qusatons This stock appears to be a great fayori.e
with he bears, and they sell IL freely Movement. 10
relation to the construction Of parallel road have
ruined such shape to create considerable appre-
henfon regarding the probable value of Feeding stock
1t is stated that oss Of he Oldest and largest hoderr
have not only sold entirely out. but have sold them
felvps short
We have noticed within the past three or four d.y.
ssles Of small lots Of the stock of the New
plorisg and Mining Company. As this stock has not
been long on the books of the board Il mar b. veil
enough TO post up 'pecnltors In relation to il. mert.
The capital OF the company IL 5000 oOo divided into
4sCt0 shares Of s1?H each The compsnY on tue
thousand acre. Of mineral land In sus,-x county New
Jersey These mines ere located tho line O. tk-
Norris canal, sud the liuertls are Transported 10
newark, where :Ae company have an extensive es-
zinc, and zinc In bars or pigs The ggoanis CT the
company, at ne~srk. cover forty acres. iu.ludng
valuable docks and water line The nine miner cs MS
company are said 10 be the rurss. and valuable
In the world and the paints manufactured from tue
ore s.e ipperer fer AL purposes TO all othsr The
mapd Ter thss. paints IL greater than the comrsuv
cen supply without largely increasing its machinery
aud .team portr The largest and pure. piece Of snc
ever known weighing several tons taken directly froul
the mines has been cent By t6ii company te the
WoTlas Fsir The uiiaes q ibis company IN eCsssx
county. N yield soEe OF the most valuable in.:as
an are inea In rshle IL ssst there arc w
wards OF two hundred thousand OF tn red oxide Of
zinc above water level. FhosIhste OF lime exists In
any quantity IL IL the intention of the eonpary 70
ship the Eiac ore 20 Great Britain ballast and i
there In its natural state This will give the com
p,ny very srss annual revenue indie penisnt Q! prs
rts ceIiyed fsor9 rnanafasturiUg
Ths receipts at the oics Of the Assistant Tsessa.r
81 me- pert to cas- smornt 70 slosoS9 81 psyutrss