The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-10
MONEY RK L II

FRIpAY, May S-6PM.
Quotations for stocks current to-day, compared with
those ruling the close Of the market yesterday show
an advance and there was considerable activity in all
the leading fances There larger sales than usual
If Harlem and Reading Railroad, advance Of Y per
cent each Norwich and Worcester went up 81 per
cent; Farmers Loan, q; Erie Income Bonds a. The
Erie Convertible Bonds have fallen behind the Income
Bonds notwithstanding the efforts Of those interested to
keep them in advance 1t is the object of the company
10 have many Income Bonds transferred Convertible
possible to remove the lien the former have upon the
net revenue Of the road; and the only way to bring
about such desirable result 20 keep the market value
Of the Conyerble above the Incomes The prospect Of
carrying Erie Railroad stock e par by the opening Of
tbs road through is very poor and those who have held
sor that price. will be, without much doubt disappointed
Norris Canal appears to be gradually working up again
We have not heard much lately abou. the operations
q the company but perceive the canal Is doing the
Irua amount Of business. The injunction has
net been removed and Is not likely to be-
Canton Company sold 70 day at advance
previous sales. All the land stocks look well Ports
mouth Dry Dock advanced to-day three quarters per
cent and very little stock offered that Tbs sle
s lots announced for the 10th inst at the Merchants
Exchange is attracting great deal Of attention Ii is
probable tht all the purchases made wi be paid
kT n stock. This win not only largely reduce the
her Of shares upon the market but will interest many in
The property who will make permanent improvements
and add much TO the value Of the remaining lots Of the
company The valley Of the scioto the richest portion
Of the State Of Ohio aud the outlet for the products OF
tbat section is Portsmouth Several lines Of steamboats,
leaye that place daily for Cincinnati Louisville and New
Orleans and during the period Of canal navigation the
arrival and departure q passengers and produce is
second other place in the State, the Ohio
river. hut Cincinnati. The power alone Of the
ssoto river must ultimately attract large population
70 poytsmouth, sns make II place Of consider
able manu- .cturiug Importance. Last Boston has
lately advanced verv much. According to
a recent report Il .he company, the shares made
sut to be worth than sixty dollars per share
year two since shares selling at ten and twelve
dollars each. Tie present market value is thityfour
dollars This shows the margin for rise in this class Of
stocks Eds.wortA Company is firm at our quotations.
Very little stock Is Offering and holders arc by
disposed 70 sell. The company will make report
sf its operations for the past two years and viii be
shown that dividend Of twenty five pcr cent the pre-
sent market value Il the stock can be paid
st the secend beard the market particularly buoy
snt and further advance ia prices realized Morris
Canal went up Il per cent? Harlem ~ Erie railroad a.
md Farmer Loan x. At the close the tendency
spward and should judge from the prevailing feeling
smoIr operators that upon the Of moderate
imitation in prices.
The pts at the Office Of the assistant treasurer
Of ,Lis port to-day, amounted s4sGsi IL payments
sl7ol39 ts--balancc. 81 31Ss29 20.
The steamship Pacific for Liverpool to morrow-satur-
daywil take between three and four hundred thou
rand dollars in specie The high maintained for
sterlng exchange compel thofe having remtances to
make to ship the precious metals We quote the best
bills u London ri lO1k per cent