The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-09-22

,Iy rsrsvsd suasN holders Outsidsrs Who do N "" :"
current rates. or within the next tsn Gays VII MISE sn
opportunity they may have again. Outsiders can
form coed idea Of the state Of things In WAL street
frem the act that within the past month Erie hAhroso
stoch has advanced nearly twenty per cent while new
York Central Railroad stock has declined about hvs per
cent. Money cary enough in the street on call Loans
TO almost any amount be made ct Cal On stoct ~
curites Individual capitalists offering money freely
these tsr and 1t 10 doult, almost impossible, to
get II upon any other. While the banks steadily ~
ducns their regular lines Of discount they are putting
cut loans to . large amount This Is solely for
the purpose Of aiding spectators. This may Tor
the present. appear perfectly safe and comfortable
to al parties; but We know not at what momsnt all
this sunshine may disappear, and these cal loans
may be suddenly called in. Where would all the
fancy ttocks of Wall street be In the event OF turn
in the screws and loud call to Pay sp9 Holders oil
fancy stocks are Standing upon q volcano which win one
Of these days swallow up most Of them The rext
steamer nom Europe may bring advices Of such
that will alarm the banks and capitalists. and
the cry viii be-" Sdure qui pet1 small decline In
breadstufs Is anticipated; 1t may be great We do
not lock for immediate change in the rate of interest
BY the Bank OF Epssnd but the probability Of further
advance has already been canvsssed in financial circles.
and it may be realized sooner than an isipated.
The receipts at Office Of the Assistant Treasurer Of
thit port to dsy amounted to $l92 Ill 49, payments,
s26 AIS 7-balsnce, $40 124 $40 IS.
The New York and Erie Railroad Company have de.
clsred dividend o. three and half per cent, payable
the LIST of October the Shoe and Leather Bank four
per Icent thtI Hartford and New Haven Railroad semi.
annual dividend Of Eve per cent, payable 70 the New
York stockho ders at the Union Bank, on the Sd OF
October.
At the second board the market was all up and the
IN tha Enu INN
After the board there slight reaction.
Afew day sin party Of scientific gentlemen visited
he new steamship William Norris, building at
Greenpout, l. l., for the purpose Of examining come
imber bert to certain sbspes to be used in the CON
tructon of that vessel The patent for binding and
ming ehjpti Der belongs tho Shiptimber Comsauy
of which John Griffith, the shipbuider, is President
The invention is due to Mr.. Thomas Blanchard AMI
IT ust produce plete revolution In the working Of
timber in constructing the hulls of sailing and steam
ships. Tmbers of any length and any form be
obtained and whole ships sides can be built with
out join, which thus presents greater strength
against shocks of or collision with osher
bodies. Another important Of strength to arti
ces made Of this bent wood Is that 1t ia made to pre-
sent ts surface staiDst the grain fibre II ship or
any other obec made Of wood is struck in The direction
Of the grain of its tmbers it splits easily but here the
meth is to bend the timber in direction against the
grain that timber bent under this patent is infinitely
stronger than previous to the bending. New wood is
preferable for this operation wood before the traces
of age appear veal enpg its fibre. This invention is
being largely ratronized by shpbuiders to whom it is
of the greatest importance both in reducing the cost of
the vesse and in obtaining iucalcusby greater strength,
thus rfuring greater biy and diminishing risk of
shipwreck. The subscription the capital stock
($6o0 c0o) Of The shiptmber Bent ing Company has
been filed and the company preparing to carry
operations q large scale.
The following statement shows the amount OF tolls col
ected AL the State canals during the second week in
September and the aggregate up September 14h for
. series of years:-