The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-03-28


We have very little change report In the stock mar
ket The tendency Of prices is st downward and the
transactions continue large Reading Railroad appears
70 be the avorite among the bears great deal Of
spirit prevails among operators The feAing lin tire
street In relation to this fancy is gradually changing
and many who were sellers few days since buy
ss The shrewdest operators in Wall street those who
never press the market too far either way those who
come In buyers when prices sufficiently depressed
70 give fair margin for rise, who sell largely when
prices have become very much inflated by long period
a speculation This class Of operators realize Whenever
ssa profit be made and very seldom get caught by
wrong turn In the market Those who were disposed
10 sell Reading Railroad at 20 81 per cent disposed
tobuy at So S. not only enough to make good their
tracts but supply in anticipation Of rise The stock
may have been good at sixty and it may be good
purchase at fifty fty-two That leave for those
interested decide hut after any fancy stock has fallen
"a eight or ten per many days it be well
enough for operators for further fall to be cautious
At the first board to-day, Erie Income Bonds de-
slined y per cent; Edgcworth, -; Morris Canal II
Farners' Loan, Il; Erie Railroad, y; Harlem *; sto-
ni.gton, q. Reading Railroad Norwich and worces-
ter u; and Long Island * Indiana SIS advanced per
cent All the leading fancies quite active ana the
sales on time sellers option larger than usual Morris
Canal In better demand and different class Of buy
taking in the stock This is probably, in an
ticipaton Of in relation to the injunc-
ton. large amount Of stock is held in Philadelphia
Portsmouth, must attract outsiders at present prices
the margin for rise, upon the slightest let up in the
money market, Is too great to be lost sight Of No
disposed to go very deep into Long Island not
withdrawing the reported favorable prospects Of the
pany. The probability is that believes onc-haf Of
what Ia said about the future producveness of the
Harlem is the rmest stock the list and Nor
wich and Worcester at present prices the cheapest
la N for m in Of
railroad stocks, and it is impression that they will
Eel the first upward movement in the market Both are
dividend paying securities and the receipts of each
pany, in 1851 will 1t is estimated very much in excess
Of those for 1850 Out of the earnings year. the
former declared four per cent dividends the par
Of the stock, and the latter five per cent equal
and ten per cent the investment the
Of the stock These things WILL at the proper time have
their influence upon prices and may induce holders
TO withdraw from the markets but long the present
stringency in money matters continues it is utterly
Of the question for prices to appreciate.
The steamship Canada, at Halifax, from Liverpool
brings days later intelligence from all parts Of
Europe. In commercial point Of view the is not
favorable but far cotton concerned full salts
factory anticipated. The decline ranges from one
eighth to onequarer Of penny pound with moderate
sales 1t has been the impression here that quotations
would show falling of of threc-eighths to half Of
remain without material alteration regards prices
Very little activity reported in the manufacturing
districts. Financial affairs without change, quota
lions for consuls sustained and the of into
rest has not advanced anticipated Quiet prevailed
throught the continent in political matters The
on the whole Is neither interesting important far
as we can judge from our telegraphic dispatch.
The receipts at the Office Of the Assistant Treasurer Of
this port to-day, amounted to sl6ol66 81 payments
$l06s52l 5l-balancc. S3S33 500 81
1t win be seen by treasury circular published in
Their column that the Secretary Of the Treasury
cided not toinclude freight in the list Of charges be add
ed to the cost Of goods imported into the United States
In eyying duties This will sorey dsappoint the protec
tonsts it their only chance for increase du
ties imports The act Of Congress in relation this
matter capable Of all kinds Of construction and it
was the prevailing impression here that the admnsra-
ton would have seized upon this opportunity to have
aided much possible the manufacturing interests
Of the country at large We suppose this decision set
ties the question so far this point is concerned
1t Is impression that the system Of valuation estab
hshed by the appraement bill will not do away with
the difficulties experienced under the present act The
I'd raosm system of evying duties does not in
cases, and have doubt Congress WILL before the
close Of another session, make such alterations in til
tariff act Of 1916 required to simplify the method
q valung and entering goods imported from foreig
would be more just and equitable, where much arbi
tration and difficulty would be avoided that must ulti
matey be adopted where necessary.
is stated that during the fret three weeks Of the pre-
cent month, 200 barrels Of -four have descended the
Chesapeake and Ohio Canal TO Georgetown.
The entire length Of finished railroads in the United
States Is said to be ten thousand six hundred and eighteen
miles. by the end Of the ensuing year. there win be
completed twelve thousand six hundred miles which,
extended In line would reach half round the globe
bill has passed the Legislature Of Virginia making
appropriation for the completion Of the Virginia Central
Railroad from Charlottesville to the terminus Of the
mountain section which the State Is constructing and
also for enargiug the equipments and depot acccmmoda-
ticns Of the road The amount appropriated Is not def
nitcy ascerained inasmuch 1t authorizes subscrp
ton by the State in the ratio to private subscriptions al
ready made Of threc-fhs to twofths. 1t Is probably
about $4,000. bill has also passed the Legislature, |
authorizing State subscription Of s3ooooo to the Dan.
willie railroad.