The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-03-07

Quotations for most Of the fsneies are stssdily vst
tling down. The market opened heavy this morning.
and large amounts Of stock were pressing for sale
Harlem held its wel notwithstanding the lsure-
sales Illinois Canal fell OF Il per cont xhe injuno-
ton formally served upon the company to. day,
and NO more trAnGfsrs of the old stock be made.
The question at issue must be fairly met and no
one doubt the result. Operations In the stock.
have lately been AnisA and the purchases prnci
pay for delivery contracts mstured and maturing.
The company have made every effort to stsve of the
injunction, and have boldly denied up to the last
ment that one had been granted Transfers have been
made up to this morning, In the face Of the nunc-
tion The board OF brokers may for the present. su-
thorizs transactions in certificates and have power to
prevent trouble among operators but consolidation
must ultimately take place, and all difficulties be
removed. The company having been forced to do, by
legal proceedings what 1t should have done long ago
OF Its own accord proposed to ascertain by egisa
tive interference what necessity there may fog
thor into the affairs the concern ne
plot thckens and before the curtain drops We shall
see sights. Erie Railroad closed at the FIRST board
heavy, at decline on opening prices. United States
ef, 1867 fell of u per cent; Eric Income Bonds,l<
Erie Bonds, u; Canton Company, Y; stenington,
l; Utica and Schenectady n; Harlem, u; Farmers
Loan, y. There was desperate effort made TO sus-
tain the market and at the second board prices ruled
cent? Farmers Loan, Erie Railroad, u; New Haven
Railroad, a. Wall street the scene Of oonsiders-
bic excitement to day, and the effect Of the recent
failures upon the public mind hardly had opportu-
nifty Of exhibiting itself. AS coon things In the
street get Quoted down, shall great want OF
confidence, and disposition among the most cautious
part Of the community to hold themselves from
operations in stocks not possessing bona tide value
Rumors were abundant to-day Of ether fsilurss but
~ kaswx lla- sx4f-
OF any Of them.
1t 10 stated that the HOLSTER Bank has not suspend
ed. The Hamilton Exchange Bank continues SOL
vent and in active operation. The Henry Keep Bank
has filed Motif cation OF closing bu sness The notes
of these banks good and holders should not sacr
fee them. the Lewis County Bank is a Safety Fund
institution, and Its circulation Is therefore without
security
There very large compan sale Of Erie
Railroad bonds to- day, at the ana the bid.
ding was quite spirited. The .0ls amount-Ss 5Oo-
cco-wss disposed Of in q shaa line, and brought
much better prices than anticipated The pricee
obtained follows
s2esoooo ct 90 per cent, netting. S24l2oOo
100000 st@4 ......... 100000
10000 attth ......... 1890
Ss,5ooOoo .... saI7olOo
1t 10 said that the of the shove sale viii
BILE the company to complete the road to the lake ana
stock It with sucieat motive power do any amouu
Of business Offering.
The receipts q. the ONCE of the Assistant Treasurer
Of this port to-day, amounted to $3.50 payments
$3.50 e1-balancs, 024,52 OIL.
The Stamford Bank has declared a semi. annual div-
dend Of i've per cent.
The United States mail steamship Pacific from L.
ysrpool brings seven days later intelligence from al
pssts Of Europe In commercial point Of view tho
news unfsvorable There had been quite panic IN
the cotton market Blu. prices had recovered all tho
depreciation and the sales had reached the usual
tent. The corn markets we're much depressed. There
had been alteration In the rate OF teres Money
continued abundant the steady absorption OF seour
ties account Of the government and other invest
msnts, being 'uch as TO keep the rate low per
cent, although out OF doors there had been fair de-
msnd on mercantile paper at TIRES per cent.