The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-10-21

HOS nv LA = x 1T.
nsssAv, O6Bbse e-sPM
There considerable exctsnsnt in the stock market
today and general inPrevsnsnt IN prices. Erie Rail-
road was particularly sctv and most Of ths trsasac-
lions were on time, buyers option This sdvszce In
prices gives many idea that tho forthcoming report
favorable than previously anticipated sad If this
impression becomes general there may b. rise Of con-
siderable Importance It would be good policy o, the
part of the company to publish that report at once
it is favorable much the better. not, the stock
holders should know IT, Harlem Railroad Is steadily
improving 1t must steadily advance with every let up
in the money Market 1t has been too long depressed
and as it Is increasing rapidly in productvsness ana
real value there IL no why corresponding i'm
should not take place in the stock It's In
this year win be nearly seven hundred thousand
dollars one half Of which will be net equal to dividend
of eight per the total capital Of the company
dividend like this q stock selling at discount OF
thirty per cont extraordinary circumstance and
as the opportunity to make such an investment will
soon be lost we advise those who have the means to
avail themselves of it. before it is too late Norwich and
Worcester Railroad going up slowly, but surely. Since
the upward movement commenced, the transactions
have been unusually large and there is strong party
buying largely on time The prospects Of this company
are improving. The monthly increase last years
receipts is quite large and the net earnings likely
to be sufficient to give dividend much greater than that
of 1850 1t considered cheap stock, few months
since seventy per cent Morris Canal does
much either way. The receipts the Morris Canal
for the week ending Saturday, the 18th inst
$4l5o g. against 81 for the corresponding week last
year. Increase $2ll4 g. The total increase to the
date, over 1860, $lo227 o. When it is remem
bered that seventy days Of navigation were lost this
year in consequence of the completion OF the i'm.
ine result tells
avoraby for the ultimate productvsness Of the canal
in the stock lately have been limited
and while holders have not been disposed to SELL there
has been scarcity Of purch asers in the market That
the canal is doing good business, no one doubt,
the stock is low at current rates 1t will Of course
be less affected by speculative excitement,
holders would do well to wait the development Of
in the etock market New Jersey Zinc in
dem and day at advance Saturdays prices This
company engaged in developing the rich and nexhaus
tible mines Of zinc in New Jersey Until this company
formed the zinc In these mines lay vsluesss plan
known by which 1t could be resolved economically
from the The company established in Newark is
well worth visit from the scientific and curious Be-
fore the lapse of many weeks this will be Of the most
extensive mining and manufacturing concerns in the
world. Reading Railroad remains the previously
quoted There is much doubt about the dividend due in
January. The PROBABILITY is Will be paid II the
stock is in heght place the first week in January div
dend will be paid Erie Railroad bonds In de.
mand and improving The easy money market
is having a favorable influence upon prices for
stocks generally, and there Is very little doubt but
that steady improvement will be realized. There
was q sale of yireina skies to-day at advance of
half per cent previous prices and from inquiries in
the street should judge that sales to extent
for permanent investment would be made in few days
vkotc NJ al prica
at the first board Since Saturday Erie Railroad has
risen two per cent; Harlem Railroad, l. Norwich and
Worcester Railroad, l; Reading Railroad, u.
The receipts at the Office of the Assistant Treasurer of
this port to- day amounted to seoy637 &C. Payments
$4,000 SO. Balance, SS.095,1s2 IT,
The Of United States stock issued foreign
account during the three weeks ending the 18th inst,
$4,000 of which the loan Of 1872 and
So 500 Of the loan of ls4s
The Rochester, Lockport and Mia CARA Pals Railroad
Company offer for sale mortgage and convertible bonds
drawing per cent interest," amounting to S2o0oo
1t estin sted that this road when completed and tho
roughly equipped will cost about 650e00 more than
mion Of which has been raised by stock subscription
The entire debt will not therefore, be 5000 0oo Of
which the bonds now offered for sale form . part We
why they should not be Of the best in
vestments in the market.
lie amount OF lead snppeu from talena IN the month
Of August 60 o34 pigs The recent important disco
veries in Clayton county, Iowa, have caused great
many miners to flock to that neighborhood The mines
yielding daily, large amounts, and they esti.
mated A. being very valuable.
At the late election the question Of subscription by
Washington county $500 900 to the stock Of the
Hempfela Railroad, was submitted to the people, and
has been carried by q large majority BY this means
100000 previously subscribed by individuals etc. Is
cured and the construction f the road is thus made
certain.
The Baltimore Bun gives the annexed statement rea-
tive to the suspension Of the Maryland Mining Company
The company has for several years been doing the
largest coal business Of any company In Cumberland
page Of lite agent in New York freemSn Rawdon Esq,
Of the firm Of Rawdon, Wright 4 Hatch who has been
the main stay Of the company for several years past Its
liabilities very large how much only be known
by the managers The general stockholders much
in the dark concerning Its affairs the public no
report having been made by the directors for the last
three years. The outstanding bonds Of the company
amount 10 between 5000 0c0 and $500 Co., and Il Ia sup
Rosed the general indebtedness equal TO s much more
The real estate and railroad Of the company Is under
mortgage to the bondhoders and the machinery
and personal property mortgsged In like manner to
secure Kawdop The assets valuable, though not at
all equal TO the alluded to- Thssppears to
have been the view taken by moneyed men Of the value
Of the property judging from the fact that the bonds Of
the company have been discount OF from Is to 40
cent for three or four years past FROM present appear
ances the general creditors stand poor chance Of
getting anything II IL understood that the business
Of the company will be immediately resumed under
organization already matured for the benefit Of the
mortesgees The probability Is that. from the way ts
affairs have been managed the winding mp will lead to
fruitful and protrscted litigation II Is alleged that the
loan gosted By the company and for which the out
standing bonds we're Issued, tainted BY usury;
large bonus In stock and money having been given at
the time the debt created This occurred prior 20
doubtless BE- seized upon BY the creditors or BY the mi
norty tockbolders who have benefit from the nego
ston, 1.-THE majority stockholders being the principal
bondhodersD as vel ~ ayers substantial plea
for resisting the validity Of the mortgage IL is not
known who will be the principal losers BY the failure
Probably there are creditors In Cumberland coun-
Nv be sprio ely adj I'm n