The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-01-28
n Oh Ely M ARK E n.

TUESDAY, Jan. N-6P. NJ.
The three leading railroad securities-Hsrlem Erie
and Reading-were In active demand TO- day, at prices
current at the cose of the second board yesterday Most
Of the transactions time buyers option Seye-
raj fancies which have been quite dull for some time
past have become pretty active and prices are steadily
moving upward. Delaware an Hudson, Morris Canal,
and Reading Railroad have all moved forward together
1t is said that the advance in Reading has been
by the dangers existing relative to the navigation COM
panies connected with the coal trade 1t
that the breaking Of the and melting OF the
deep SHOWS the Schuyk and Lehgh canals are sure OF
being utterly destroyed According TO the statements OF
the bulls these valuable works are going to be totally
anDihlated, and nothing will be left but the Reading
Railroad and the Morris Canal to supply the demand for
anthracite coal in this and every other market
These stories have, no doubt, induced many out
sders to purchase this stock and it IL our i'm pros
sion that they will get sick Of their bargain,
before the lapse Of many days They will find that tho
Reading Railroad has the competition to contend
against the same runous rivalry to 90 through with
and that all the reports relative dangers and
from the breaking up of winter without foundation
The inconsistency Of initiating Reading Railroad and
Morris Canal the basis 80 papabe that va
do not see how any one Of moderate amount OF
common sense and dsoernment can help seeing It, In
the event Of the schuyki Canal being seriously injured
by feshets the Reading Railroad would without doubt
bc immensely benefited but it would be difficult TO
chow how much the Morris Canal would be in
the event Of the Lehigh Canal being much injured It
wei known that the Morris Canal derives nearly the
whole Of Its business from the Lehigh Canal and what
ever happens to suspend navigation on the Lehsh Of
course operates directly to the injury Of the Morris
Canal. The Lehgh Canal is a. safe 40 the schuylkl
and 1t is all nonsense to initiate Reading Railroad
and Morris Canal stock upon similar founda
ton Ono or the other must break down and
the TACT that the same argument is used to attract
purchasers for each shows the bulls of Wall street
ook upon outsders fats who are ready TO bite
t any hook, no matter how nimsiy baited Suppose
great efhe should oocur-t does not follow that either
the Lehgh or schuys Canal would be injured for we
Know that they we're never in better order or condition
Throughout. But We win go further and sun.
pose they should be seriously inuredwhat would b.
the effect First to give for the time the monopoly o,
the transportation of GOAL from the schuyh region 10
the Residing Railroad and, second by suspending ma
ygaon almost entirely upon the Morris Canal during
the continuance Of the difficulties on the Lehixh II
would he well enough for the unniated poor sreauous
Outside spectators to look deeper into the REPORTS
emansting from either bull bear operators in Wall
street, before they take for gospel truth all
they near Al outsiders were given to under
stsnd thAt sucn and such fancy stock ad-
vanced or was to advance In oonseausnce OF
quantity Of the stock having been taken out Of the mar
ket for certain purpoe the upward movement Of prices
would be better understood and the result Of operations
more sctisfactory Men Of would then come for
ward more freely and more confidently and take all the
risks Of the game, the they enter all other
ations Instead 81 tt the most absurd stories al IN.
provement ~ brsiuess in the finances in the ptosuec
and In tbs general resources Of some parcusr stoek
are rem te 10 rine freely calculated and outsiders are
prevailed upon W faoe representations TO mako invest
ments which are Bnrs r. tnrn out unfayoraby to eay
tho iea Iha dXrsts them with everything connected
WIN stoch epIati pf, ana tiey leave the street with
determinaupn never a. make another operation In It,
Many adhere 70 This resolve and may do not There 10
rot more tnsn one irnsiIon out ot Dozen In prices
the result OF actosi improvement In value OF stocks
Neariy al the expansions occur periodically, and have
nothing 70 90 with the iion Of the affairs Of the
conf any represented
The variations in The quotations for stook to day do
not amount TO much At the first Board Reading Railroad
declined per cent Norwich and Worcester, x. Erie
Hailroad advanced q per cent Hudson River Railroad
"a; Harlem, u; Canton Co., Al Delaware and Hpdson ~