The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-02-09

Thursday, Feb. So r. M.

/ Il.
j Stocks down again The condition of the money
market forbids favorable state of securities
Long Island declined per cent Paterson Is Harlem
D.; Norwich I Ohio 6s ] Illinois ; Indiana Far
mers' Trust /. Pennsylvania SIS improved an 4. New
Jersey closed firm at yesterdays prices.
Among our law reports will be found the details of
case interesting to all engaged in the movements stocks
There are class of doing business in Wall street.
on commission, who are generally members of the old
board OF brokers' and strange may appear
interest themselves in any speculation any further than
purchasing for those who may favor them with their
orders For atrihing commission they buy and sell at
the board, and in their capacity standing between the
buyer and seller their transactions perfectly honor
able and above board Like those doing a commission
business in anything else they have the interest of their
employers in mind and where the use Of their judgment
IS required they freely give it, formed by careful in
vestigation OF the market In the alluded to in
divduai went into the street and employed commission
house to purchase for him certain amount of certain
State stock Immediately after the purchase the stock
declined in the market and the broker sold according
orders Another operation entered into through the
same parties, which also resulted in oss third order
was given to purchase, which obeyed and delv
cry ofhe stock payment refused the ground that
to make good the former losses Had the operations
been between two specuato the aspect Of the whole
thing would be changed but stands the verdict is
most Otner w all street sPeCul0-
tons it was bonafde, legitimate mercantile operation
and as such came under the law regulating contracts
Although the jury gave in favor of the commission
brokers' should put these houses their guard for the
future.
By the arrival Of the packet ship Roscius from Liver
pool with four days later intelligence have received
the advices in relation to the Money
ton and other markets. The movements in the Cotton
market are particularly encouraging. With very extern
sve Sales there further advance of Id on American
descriptions Whatever effect this may have on purchas
ers or sellers, matters little when compared with the i'm
mense additional value gives to the most important pro-
ducton OF the country The producers do not however
in all receive the benefit of these improvements
value. They generally benefit class spectators who
stand between the.producer and The London
Money market continues in the abundant condition
noticed in last Stocks slightly neglected for
investments in Cotton The feeling in England regarding
speculaons fast approaching fever heat and the favor
lite article will be Cotton to the exclusion Of stocks and
every thing else.
The Commercial Bank Of Albany has declared semi.
annual dividend of three and half per cent payable
demand.
George B. Warren has been elected President of the
Troy City Bank, in place Of r. p. Hart deceased
The report of the New York Dry Dock Company for
quarter ending the LIST instant compared with that of
the ls Of November presents the following view =