The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-01-05
,IpAL Hrocxs IN THE NEW Yoax

comparison Of the quotations ruling yesterday with
those current the close previous week. shows
advance in Long Issnd Of u per ct Harlem Canton
u; Farmers Loan. II; Penn. o. q Kentucky SIS,
stonington, II; Eric RE, loi U. s. Bank. Reading
RR 81 Morris Canal, 81 N. Am Trust, T. The market
closed with upward tendency, and there il very
good prospect for . speculative movement for about
week ten days.
The only movcmentof interest going In Wall street
at present Is that in relation to the corner In Erie Rail
road stock Some Of the wealthies brokers short Of
this stock, and desperate attempt has been made to
compromise the difference create new stock for de-
livery More Of this stock has been sold in the street than
there shares in the market and if il decided tina
stock created by conversion of the bonds is not legal
delivery, the difference required from the shorts will be
immense Some Of the extensive bears the Erie
Railroad, the heaviest bulls in Norwich and wor
cesier and the result Of their operations in Erie
likely to be just about profitable a. In Norwich and
Worcester Notwithstanding the great and rapid rise in
Norwich the biggest bulls made very little money by
IT, on account Of q secret division among the
bulls themselves, by which the largest operator for
. rise was out manGuvred, and experienced seriou.
losses at the close Of the advance This corner in Erie
likely 10 take many thousands of dollars out Of the
same operator; and between these two stocks, his
losses must be very large. Everything depends upon
the decision that be made BY the Board of Brokers
party wishing to deliver stock created by converting the
bonds of the company have several pecedents to offer
In favor Of that movement while the receivers argue
that tho understanding at the time the contracts were
made must be taken INFO consideration. The price Of
the bonds and the price Of TIE old stock differs 10 much
that the receivers could not have anticipated any such
construction to their contracts the shorts wish to
place upon them but If the shorts can produce any
pre- edcnts regulating previous operations Of similar
character, they will establish strong case Tho body
before which this will come, the decision Or
which there is appeal have very little faith in prece
dents Individual interest for the time regulates the
vote of each member and the result therefore, depends
entirely upon the numbers interested for and against
Such is the excitement In Wall street. in relation to this
question. that very little business will be transacted at
either Board in any stock until the difficulties growing
out Of this matter settled. The old Board will be
occupied nearly the whole session. in listening to srgu
msnts in favor Of and against the points ssue and the
result will be looked for with the greatest anxiety
Several members Of the Union Club are deeply inter-
ssed in the decision they are receivers Of large
number of shares.
The annexed table exhibits the value and destination of
the exports from this port for December Isas Of the
aggregate value Of hsrchandize exported nearly two
thirds were shipped to Great Britain and her dspsndsn
eiss Among the items exported to Great Britain from
this port in December there COS barrels Of -four
$3.50 bushels Of wheat bushels barley Iss 900
bushss Of and 900 pounds Of cheese valued
~ nearly one-haf the total export for the month I,
that country very large per cent Of the aggregate
exports from this port was in domestic merchandise.
CoAxrncr o. TEE Poly OF Nav Yo.x yoR THE MosrH
:" D1 Esso,t:.' i'''
''e'e".1a"s IN Smsnesn vessels ..$a!7 2cs
Arpoftanon Of Specie. i3s,76