The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-07-25
M d N K Y M A X X K +.

THURSDAY, July 2i-6 p. II.
There activity in the stock market to-day
than have noticed for sometime past Erie Railroad
Reading and Morris Canal the active on the
list, and the transactions princp ally time 1t
would appear from the operations in Erie Railroad that
the bears felt confident Of deprecang the market value
Of the stock. Prices hold their own pretty we'll, aud
there plenty Of buyers Morris Canal has quite
active lately, but prices do not move much either way
Reading Railroad is firmly sustained We notice sale,
at the First Board Of Virginia Skies at FIVE per pre-
MUM. This must become a favorite stock with
capitalists and ultimately command advance equal 70
any State security in the have had very few
the bonds Of that State offered and the
Of Virginia comparatively little known am,ng capt
taliss; but investigation will safety any that there
Is no State in the Union better able to all its
fragments Harlem has slightly improved within the past
day or two 1t is without doub; the best and pro-
missing railroad stock in the market The ne. earnings
after paying interest and dividend preferred s,ock
will this year be equal to dividend per cent
the old stock Notwithstanding which this selling
at twenty six per cent below par This Is favorable fo
buyers, and many doubt availng themselves OF
the opportunity 10 withdraw all they went for perma-
nent Investment from market The earnings fer July
30 far have been large the aggregate for the month
will show increase, that for the corresponding
month last year, equal to that Of any previous
Mr. Peter Conrey. Jr has resigned the Presi iency Of
the Branch Of the State Bank a. New Orleans The Tt
Dea inmates that this step the result q his being
unable to take up his returned paper from this city,
which he is about TO repair bunsss connected there
with.
One Of the trustees Of the state Bank Of Illinois in an
official letter says that previous to the Of
real belonging that institution the lands
valued by competent judges and all such parcels
handed bids to twothifds the amount Of the valuation
were sold payment to be made onethird down aud the
remainder in ak and twelve months In the totes Of the
bank The cunt realized more than one hundred
thousand dollars. The sale Of small portion OF the
land valued at about twenty thousand dollars was post
poned until October 70 await the location the Central
Railroad.
The receipts at the Office Of the Assistant Treasurer Of
this port to-day, amounted to sl1626s %; plyments
s36s3o S7-btlancs. S21g21ll u.s.
The amount received for tolls at the Canal Collectors
Office IN this city, during the third week in July,
s@........:' ~
decrease In le5l..... 1904 50
The aggregate amount received from the opening of
n.lEauon 10 me zId July SlJlst ~
During the same period in 1850. 111727 81
Increase In ls5l....................... S1]116 &C
The Luconia Manufacturing Company of Biddefori,
Maine, have declared semi.anuua dividend Of three
per cent the York Manufacturing Company three per
cent the wamsutts Mills, three per cent
At meeting of the friends Of the Pittsburg and seu
benville Railroad held ut Florence Washington county
Friday last books for subscription the capital stock
Of the company were opened, and $4,000 was imme-
diatey subscribed This with the previous
at Pitsburg makes the total subscribed $4,000
which the first instament Of So per share has been
paid in The company, is stated will be organized
without delay, and Immediately thereafter competent
engineer will be put in charge Of the work
he Osy,qo and gvrucuse Railroad ooo,nouu -.
declared semi annual dividend Of three and half per
cent.
The sales at the United States Land Office at Spring
field Illinois during the second quarter In 1851 amount
ed to 4366 Of which 80 geo acres we're taken up
by Mexican land Warrants 800 acres by land warrants
new isuei and col with cash All this land will
be taxable In and will be At three dol
lars per acre amounting to $3.50 $50, quadruple that
amount for the year, and the sum will be s523932.
There are. We believe eight other land districts in the
State, and should each ONCE enter much land the
Springfield, IL will make aggregate in value, Of
s47l6Ss This shows how rapidly the value Of proper
ty in Illinois s Increasing At this rate the time s not
ar distant when the full interest the debt Of nnois