The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-03-18

to-day There ~ evidently considerable apprehension
the minds Of many large holders of the leading fncies-
those which have been rapidly nated-that the market
win break down before tboy clear out portion of
their supplies There il certainly foundation for such
ars and those who quietly slip ont will only be
relieved Of a vast of anxiety but win realize some
thing 1t is the greedy speculator who all for
greater prospective gain Operators satisfied With mode
rate srots generally realize, and withdraw from the
bet leaving the chances with those who come the
movement at later period The reaction at the second
board yesterday and this morning is just what
been looking for. It to come This is but q
te to what will ultimately be experienced At the first
beard to-day Erie Railroad fell off per cent; Zinc Com
pany, 4; Long Island, u; Reading q; Norwich and
Worcester, u; Canton Company -; stonington, *
greater per Of the transactions to-day cash.
showing that the bears wide awake and avail them
selves of every opportunity profit There was
small sale Dauphin Coal stock at advance Of seven
per cent This stock has advanced very rapidly lately
and if half that is said Of the company be true is
worth great deal more than current prices
The receipts ct the Office Of the Assistant Treasurer
this port, to-day amounted to $S4.l02 99 payments
$50, 19-baancc, $2,733,4o0 70.
The Hartford and New Haven Railroad Company have
declared dividend Of five dollars per share payable on
the LIST Of April to in this city, the Union
Bank the Philadelphia, Wilmington and Baltimore
Railroad dividend Of dollar share payable the
LIST of April.
The Supreme Court Of Ohio has affirmed the validity o
county and city bonds issued subscription railroad
purposes previous to the passage Of the constitution
by which the further issue Of such bonds other stock
subscriptions, forbidden. Tho above decision Of the
highest court Of Ohio coupled with the more
county and city bonds be issued will tend make
the bonds in market sought for and val liable
The Court Of Appeals in the State Of Kentucky also
declared the consttutionaty Of city and county sub
sriptions
The Pottsville Miners Journal speaking Of the Schuy
Hill Canal and Reading Railroad informs us that the
canal has fixed its freight tolls to Philadelphia at 85
cents, and to New York at 81 65 per ton It adds
"Ths rates by railroad continue at 81 So with draw
lask Of 20 cents ton (some ray 3o for the New York
trade With 20 cents drawback by railroad the canal
would appear to have the advantage the New York
trade From this it will be perceived that the business
Of the railroad is likely TO- be seriously affected by the
Schuykl Canal If the canal has the advantage under
the present reduced rates charged by the the pros
poets Of largely increased trade very atterng
The business Of the road will doubtless fall OF in the
proportion Of the advantage the has the road
Snaer such circumstances, the chances Of earning .
dividend more remote than The railroad
Iany cannot afford to reduce their rates any lower to
compete with the canal with receipt OF 165O,O00
tens IN 1851 the average yielded but 81 % per
The tonnage dminshes the average Of the receipts will
be at lower range and may be reduced 81 II per
instead Of 81 o. Should the tonnage diminish in the
proportion it has during the first two and half months
the whole dimnution of the income, compared with
last year. will be equal to $4,000 These are the pros
poets Of the Reading Railroad for this year; but in
spite Of these plain and undenabe facts, the stock
advances in price. It IL not from o conviction Of
ts value, but from reckless spirit of speculation,
which win react with redoublcd force upon those
engaged in the movement We have shown that it
is impossible for the road to dividend; but
yet may be declared There is difficulty in giving
dividends to stockholders when rcsorcd to,
it with the dividend in January. which was de-
sared amidst strife and contention and the money
rowcd to pay it. We deem it matter of duty to oppose
this movement because sincerely believe it to proceed
from parties DESTROYS OF drawing the public specu-
laon which would great losses to innocent persons
We will far in power, expose these attempts,
and let the losses when they do fall with all their
weight upon those who originated the movement. Those
who have interest in Reading stock would wisely
10 sell out and let it alone The bears however watch
ing the favorable moment with breahess attention. and
when the proper time arrives they will rush in, like
many halt famshsd wolves for fair division of the spois
spoils.
The receipts of the Galsno and Chicago Union Railroad
Company for the months of january and February, in
each Of the past two years, annexed
GALEsA AND ClucAes RAILROAD.
1851 1852
January Observation-Disclosures. $99l7 70 SlS667 IS
February NEUTRALITY-SUSPICIOUS.. 9.172 "a 21S59 Is
Total Observation-Disclosures. $4,000 10 S4O526 So
10000 IS
Excess Of two months Of 80 81 .... S21 436 40
According to this the increase IN the first Two months
Of 1852 has been upwards Of hundred per The
above named road is without doubt the best managed
and most productive road in the United States It's