The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-10-19
Residing Bonds Of per ssns, Rssans xsilrssa x, r.r

lem y, Long Island Y.
The uniformity ofquotations for all the fancy stocks
the books Of both Boards Of Brokers' at this
and whsnhe elements of speculation propiious is
y'ter calculated to surprise the initiated Dur
r the past month prices have not varied in this
market two per cent; that IL, those now ruling
pond nearly with those current last July and August
Within the past twelve months there has been very
greet revolution in Wall street. not only in the position
Of many ofhs leading operators but in the real value Of
many securities which have heresfor been SO much
used for speculation and in the class Of speculators
The immense corners which have within the past year.
been perfected and the disastrous effects of these
ncrs even upon those Engaged In their arrangement
have reduced several of the leading and extensive opera
tors to level with these Of more moderate means :
There are not SO many prominent houses in Wall street
there formerly Heretofore combination OF TWO
or three of the largest houses carry up down any
particular stock stocks never failed doing So ana
perfect control of tho market was. In this way Oh
tsined. They could bear down and crush all oppos
ton, and carry any point aimed at This power
has departed; there many concerns in the
street of about the same cslibre, that combina
tons for the purpose of initiating and depressing
prices are equally balanced, that il Is with the great
est difficulty they able either way The
suit of those corners which have within the past year.
rrn their course shows that the weahiest houses in the
beyond their lnnucnce, and SHOWS
that there has yet been in that vicinity ndiv-
dual strong enough to stand the losses the
operations in which they engaged subject them to-
In view of this fact, what chance can the smaller
have of conducting for any length Of time,
cessfu and profitable businsssor what probability 10
that the outsiders who at all times operate under
the greatest disadvantages can for any length of time
do So with any profit 10 not strange that the expe
risuce Of the past year two, has frightened the out
siders, and induced them to give Wall street wide
berth. Itappears 10 be impossible to draw in any Of
them having capital to operate with, and those who
have nothing to lose the kind the brokers want
They require that class who have to meet the
losses they almost sure to make.
The speculative movement going on in Norwich and
Worcester has been by a clique of operators
o the street. who have borrowed certain of money
for the purpose Of purchasing largely Of this stock
by creating demand in the market influence prices
snd possible, bring in outside purchasers The effect
thus far Is visible In advance Of about two per cent
but doubt the ability of those engaged to carry this
stock much higher as there many ether causes
tending to depress prices. Any improvement in the
market value of this stock is of very little Importance
cent loss Of the company might have effect
Damages amounting to thirty thousand dollars have late
ly been experienced, by train of running into
drove of cattle This into the net receipts of
the company very much and endanger the declaration or
a dividend in January next
Tho receipts of the Reading Railroad company for the
second week October in each of the past three years
have been foows:-