The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-03-13
WEDNESDAY, March IL :

"WEDNESDAY, March l2-5P Nd.
There was activity in the stock market to day
The transactions In Reading Railroad amounted TO
nearly three thousand shares Government AMI State
stocks and Railroad bonds offered in large lets.
Prices were not sustained, and the market closed
heavy At the first board Farmers Loan fell off per
cent; Erie Railroad, "a; Reading Railroad, y; and
Norwich, y. United States e's, 1892, advanced y /;
Bdgeworth Company, y; Erie Convertible Bonds
sold 1t 90 but were offered afterwards at u per cent
less Fancy stocks too much concentrated in Wall
street. and there great scarcity OF outside opera
tors. Brokers are large holders and are aaxiously
waiting demand from spectators. 1t is our i'm
preston that there viii not be for time any spe-
culstve movement Of consequences In stocks generally
Some Of the leading stocks may be taken up, and
prices inflated considerably beyond present points
while others viii be hammered down BY the bears a
much as possible. In this way the machinery
may be kept In operation, but We do net see
the slightest inclination Of upward move
ment throughout. There stosks on the list
cheap ct current rates, while others ere TOO high
end win, without doubt, fall sn. The merits and d.
merits Of each stock operated In will be pretty well
canvssssd by spectators before becoming involved in
either movement and In times like these there Ia
more probability Of getting at the real facts in relation
to each than in times Of greater excitement All the
land stocks well sustained amidst the depression
not disposed TO sell. The valuable property Of the
company, and Its prospective productiveness, give
stockholders such confidence that present prices
are no object; and the Inducements 10 hold are 90
great that only few shares nnd their way out daily
Edgevorth 10 slowly recovering from the depression
caused By the suspension OF q heavy holder. Canton
Company remains nrm ct our quotations There |. no
anxiety among holders to sell Norwich and Harlem
are the two armest railroad stocks the list and at
present prices, must attract pure for Investment
The prospects of the Harlem road are so aattng that
1ividends this year, on its par value, will without
doubt be equal to Elk per cent at least, on eighty
showing margin for . rise from present pri,es Of
thirteen Per cent. Norwich aAd Worcester 10 a ten
per cent Investment at current quotation.
The receipts at the once Of tn. Assistant Treasurer
sfthis port to day amounted to ss7 o93 So payments
$40 1874 ~; balance, $4,000 AT 40.
The slow and tedious manner In which the recent
cases Of fraud and svindng have been eondus ted IN
our Law courts has excited great deal OF interest IA
social - we'll as In financial and commercial crcss
IL Ia question what constitutes swindng STEALING,
smberrlemsnt, NC, In Wall street vhsther Whit lie
considsrsd criminal out Of Wall street Ia conIidsrsS
BY the same wire judges criminal In Wall street. II
Il nost ~.ishty and important mstt.r, AMI consii.
sable anxiety exits relative to the result Of the nrs,
tissions which have been going In our courts dar.
ing the past three months The records our criminal
courts show numerous convictions for winding com.
nitted out Of the locality above named; ani sing
Sing contains many who have found the meshss Gifts
Law too closely woven for them. Financ!al genids
accompanied with the mesns), and legal ,Ail q
hand in hand; united they are iprincie,e iiridss
almost porerless Parties connected with swindiing
operations on the Wall street plan, certainly po..s,
rome poserful, bot Invisible inHusnse Ia cur courts
and over the movements .flaryers It 10 meet extra
IT..
vestgson, 70 say nothing about actual trial., can tt
drawn, where q Wall street husncicr IL thu party
implicated In many instances invs.tisstlon, have
suddenly ceased aud been heard Of again. they
have badly gone 10 that place whsr. even sd
yer isnt would not reach thsm-or Il might be
: lsto of'r ressrd for restoring th9 70 the
% justice. IL has heretofore beer considered
tito convict lawyer q svindlinr; and D ia an
dsrsd possible 70 convict q wall street fssu.
e. ofany crime, Of that or any oh,r nature They
appear 70 pos.ess talisman tina. shields thsm rom all
harm and they pas. un.csthed through the most e.ry
ordeal We leave II TO those who have closely watched
the progress Of the recent Investigation. IA oa courts
70 solve the mystery. within tbs past three month,
Three distinct charges Of s-Indlisz, embsaTl.msn.
fraud whatever - can be caied) have been preferred
against certain parties In which between two and
three hundred thousand dollars involved an he
probability H. rom appearances tina, they viii
BE- lost sight Of q these days, aud the parti..
swir died left to make the best oft.
We learn that a nesting Of the Director. of the
Reading Railroad Company Is shout being held. 20
take into consideration the proprtety Of reducinr tn
tolls for the transportation Of coal during the present
senon. The competition about taking place In the
e.al ousin.', viii ioree the company to make an i'm
pertsnt reduction In the taiT Of charges, The schuyi
Kill canal opens ihi. yssr under the most favorable
su'pices and s eapscity for carrying coal will proba
bly, Be- tested 10 its utmost The Lehigh Canal Com.
psny have made great IMPROVEMENTS In its work and
car transport srsr7 toa Of coal Offering The Della
ware snd Hudson Cana Company have made arrange
msnts 20 d. an lnmsnss business In coal this year
The Ohio and CHESAPEAKE Cana Compaoy have largely
reduced u. charges and vii probably bring down
more than hslf a million tors Of coal from . region
which has heretofore turned out very bttl. From
these sources We shs recsivs enormous supply Of
coal anthracite and btamious and the probability 4.
that the article Gill be cheaper this ssaon than ever