The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-12-16
MONEY N sRKET.


The stock market continues without any material
alteration. At the Hrst board to-day, Harlem and
Reading advanced per cent. EACH all others closing
at prices current at the close Of the market yester
day. The transactions were only to limited extent
and the market closed steady.
At the second board, Harlem advanced u per cent
Reading bonds u Reading Railroad u Long Island u
The directors Of the Hudson River Railroad Compa.
ny have adopted resolution giving subscribers the op.
ton Of retaining In their hands the fifth install.
msnt by the terms Of subscription due In February
nsxt till the FIRST of May and the sixth instalment due
Ia May, till the 18th OF June No transfers however
be made unless the intaments according to the
subscriptions, are first paid up
The directors of the Old Colony Railroad have de-
olarsd dividend If az per cent. payable the LIST
day of January next holders Of the close
business on the 18th inst
The United States Insurance Company Of Boston have
declared semi dividend Of Ave per cent, psya-
bic ON Wednesday, the 10Th instant.
The value of the property received this year at tide
water, and consigned direct to New York. $l4 $685.
1884, in which included 029 barrels Of -four
6lo bushels of wheat and Osl bushels of corn In
the value of all the property delivered at tide water
was SIS. O22.
We have shown pretty oonolusvey, that specu-
lstive movement in brsadstufs was in embryo the
would rapidly rise. The advance in this market in
Indian corn since the arrival Of the steamer and the
rmpess Of holders at present prices Is pretty good
evidence that similar spirit Is In existence In this
country. It would be well for operators this
side to pause before they become deeply involved in
this movemept-it would be well for them to adopt
different system of doing busness to that followed at
year that they may avoid the swindlng system prao.
teed by many houses In Great Britain English honor
and honesty have been overrated particularly in their
connection with this country. The most outrageous
attempts to swinde shippers of this side
have to light and 1t would BIO well guard againt
g., such attempts for the future.
During the height of the speculative fever last year.
csrgoes Of ordered by houses high standing
Ia Great Britain and shipments made in accord
with the terms offered Upon the arrival those
eagoes at their place Of destnatiop the slightest de-
preston In prices was made pretext for refusing
them, and In several instances they sold ct heavy
sacrifice, and the parties originally ordering them be-
came TIE purchasers. In particular case cargo of
would not be received by the party the ether
eide ordering It, under the pretext that the corn was
not what he ordered Prime was ordered and fiat
yellow sent being at tho time the bestn the market
and decidedly prime corn. This was the pretended
cause while the real the depreestio in the
market price between the tmo of ordering and the day
they meant round yellow when they ordered prime corn
This cargo sold account OF the house in this city
making the shipment at loss Of Ell 800, and the pur
chaser was the very house which had dubbed about
what contributed prime corn
This is only one of dozens of similar cases as many
houses In this city can testify to their sorrow This
is not the only thing in which merchants on the
other side are guilty Of dishonerable conduct. They
appear to look upon the American houses as fair
gAmo,and let no opportunity pass to swndle them I;
We cannot fad more appropriate name But IL in
any instance the tables are turned upon them. the
most opprobrous epihets applied to our merchants
and the whole country g called nest Of repudiators
We have never heard case where reclamations bave
been paid In where the Americans were 70 unforu
nate as to have over advanced goods shipped while on
this side such csims are sspromptly paid as spy Others
We gve there Gases for the purpose Of showing the d
cnes between the merchants Of EaglAnd and these Of