The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-03-08
MONEY MARKET.

i FRIDAY. March TT II. III.
There is no feature In the stock msrke, to day
Prices remain about the previously reported
aud the transactions about the usual extent Tbs
| demand for Reading Railroad is principally from
Philadelphia and there Is very little doubt but they
viii easily get all tina. 1. wanted at present prices
Erie Railroad stock wa. heavy to dsy, aud sustained
with much difficulty II viii DO seen that sale OF
the Convertible Bonds made to day, ut sgJ. on
time, sellers option 1t Is the impression Of some Of
shrewjsst capitalists that before the expiration OF
this year, these bonds will sell at eighty per cent.
Many Of the purchases yesterday on speculation
BY parties who cannot carry them long and depend
upon an immediate market The probability ID tina.
moot Of them will be disappointed in their cac
In relation to profits IL is said that the rapid aud
rplred sale of these Convertible Bosd. s the best
evisenc. Of the ccnhisnce entertained by tn. public
generally, In the future produstivene. Of the work
and the safety Of the investment but 1t Is opinion
tina. ninety cent, for per cent bonds when
there are Elk per cent bonds In the market sell.
leg at hftesn and twenty per cent above par, doe,
not ,hor so much confidence in ia. security II the
invese Mt stated II is to be hoped that the con-
paay have finished tue msnufacture OF classes OF
bonds. There are now I've distinct classes on the
market, and fthe company have net money enough
70 complete and equip the read It would be better TO
do 81 other companies do-issus scrip stock for dvi.
dsnds sad use the ,urpius receipts Tue event Of
there being ny-on the line Of work Harlem Rail.
road Of the hrmest and tt.adlss stocks on the
lt. The report OF earnings, given few days since
exhibits great improvement In the auanoss
Of ths company, AMI the future certainly look,
mos. promising. In two months the increase In
earnings smouptedt TO eighteen thoussnd dollar. indie
pendent OF the companys portion Of the earnings from
freigh. transported the road by the New Haven
Railroad Company The freightns business OF the New
Haven company tor sometime past has been largs and
the receipts Of the Harlem Co from that source must
something handsome At present prices Harlem IL the
cheapest railroad stock the list aud Il not affected
much by the speculative movement. In the m arket
fsrmers' Loan auotaates oil Chilly from day TO day
without creating any excitement VERY uttl. i,hnorn
relsve 20 the a'tua value Of this stock present or
prospective, ard the probability Is that nothing
will very soon tran,pire to give the public
any information uron the subject. Canton Com
pany Is by no means active Price. huotuate
considerably daily, and tn. operator. ore princi
pslly hodcrs AZ rates much ADORE those noe rui.
Ing Portsmouth, Dry back continue hfm at quo T
tationt Holders not disposed to sell a. present
prices confident that ia. stock will room be Ia demand
at better rates The efforts Llade to initiate Long
Island have failed and the daily tran,actons In the
took limited Their. has not been ny sale OF con
sequence Of Norwich aHd Worcester for several DAYS
We quote 81 se2S per cent. Nes Jersey ~ ploripg /
and Mining Company Is getting to be a very sstive
stock Ii has advanced considerably within the past
week ard as coon a, It merits better understooi
it will command prices much above those nov ruling
The receipts OF the once OF the Assistant Treasurer
OF this port TO day, amounted to sI95 800 ~; pay
nents ssS0s5 o2-bslance On hand, 81 tse74s IL
ny the arrival Of the steamship North America from
Chagres, we have tvo weeks later intelligence from
California. The news IL interesting, but no. impor.
'ant. The steamers Republic and Psnsma, ct Psnams,