The New York herald., 1863-03-02
The following table shows the course of the stock
market for past week and month";

The attitude of the stock market during the past
week has been one of expectancy and hesitation.
Spectators waiting, in the first place, for the
adjournment Of Congress, and secondly, for Mr..
Chase's first move on the financial chessboard. OF
the ultimate future-in view of the authorized ex-
panson of paper money issues to 81 1867 000, 600,
against s2l6 900 900 before the war-there is no
question among well informed persons. Values
must advance as the amount Of money ahoat is
increased. This is an inexorable law Of trade the
accomplishment Of which may be delayed, but
cannot possibly be defeated. But the air is full
of rumors-which have probably no more solid
foundation than the desires of speculators-but
which operate TO check speculation for the time.
These rumors caused decline Of per cent yes
terday in United States skies, and made the
whole market uneasy and unsettled. Speculation in
railway and other active shares has not been live.
ly during the past week, though the traffic of the
roads, which is stimulated by the vivifying effects
Of paper money, has been very large indeed, and
would probably have caused many Of the stocks
to sell as high as they are now selling on specie
basis. The earnings Of the trunk lines for Feb
ruary, which will not be officially declared for
fortnight, are understood to be very large indeed
especially on the Eric. The business Of this road
Of late has been so promising that shares Of Erie
common have been exchanged for shares of Pa.
cifc Mail on an option Of eighteen months, and
two per cent is offered for the June or July divi.
dend on the former security.
At the meeting Of the stockholders Of the Pitts.
burg and Fort Wayne Railway, held at Pittsburg
on Wednesday last, the consolidation with the
Cleveland and Pittsburg was adopted by 50,976
votes against 27,305. The contract was thus rati.
fed, subject 10 the following resolution, which
was proposed by Mr.. Louis II. Meyer
whereas stated in the annual report of tho Board
Of Directors that the clearly declared purpose OF
the parties conducting the negotiation the part the
Cleveland and Ptsburg Railroad Company that this com.
psny should have the virtual control Of the policy and
Of the business of both companies the
provisions Of the contract. therefore,
Resolved, That approve Of the contract with the
Cleveland and Pitisburg Railroad Company submitted by
the Board Of Directors the express condition the
orranzaton by laws and regulations force OF the
Ptsburg, Fort Wayne ana Chicago Railroad Company.
shall al be the rule TO govern, whether TO the
appointment OF tho officers named In articles NTH and
sixth 10 determining and regulating their duties or
the dss .ncr sbs b. ss s ~ sne o.
action OF Board of Directors Of tho Pttsburg Fort
Wayne and Chicago Railway Company SO as 10 leave with
that company the power II has the appoint
nent OF the general superintendent general freight agent
and general passenger agent
The present high price Of Gotten Ia tending TO
the development Of enterprises for its cultivation
in many new localities. We learn that the Ameri.
can West India Company is taking steps for an
extensive cultivation Of cotton-by free black Ia. .
Dor. imported from this country--on It's planta-
tious in San Domingo. 1t IL said that good artics
of long staple can be produced on the company's
lands at four and Q half cents per pound. The
company has just despatched a new packet Cthe
third OF their line), the George r. Letson. TO st.
Domingo City, with emigrants and agricultural
implements.