The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-13

MONEY nTARKET.

The stock market was quite active to- day The sales
o1Iovernnent and State securities usual
at slight advance in prices 1t is the impression In
wall street, that most Of these stocks too high
that, at present prices they pay small rate of inta
res-and there is growing disposition among hoders
to realize The ances generally are not in such active
demand, the operations havug been confned to Har-
| lem, Reading and Farmers Loan. The bulls are maxi
ing desperate efforts to get up Harlem and we voua
advise outsiders to watch the market closely andrea
lie upon the astimprovemen ia prices They will b
able some little time hence If they wish replace the
stock to do So at much lower rates Reading Railroad
has been defunct too long to gavsnze into fe II NAV
experience one or two feeble spssms there is no
| possibility Of reyvipg IL.
At the first board T. s. Sc 1867, advanced |. mar
cent; Kentucky 6s u; Pennsylvania SIS, x; Harlem.
y; Long Island 70; Mohawk, n; Portsmouth Drv Deck
fell of u; Reading Railross a At the second hoard
prices dropped little and the market closed heavv-
Harlem and Reading Railroad declined u per cent en- H.
The receipts at the Office Of the Assistant
a. this port to- day. amounted to s4s O4O; payments
SIS, 5l3 balance, SO ss2.2l7.
The difficulties growing out Of the Poussin eorrespon
dence have by no means been settled Recent advces
from Paris and from Washington, have convinced M
that the diplomacy of all the parties engaged has been
of the most bungng character; and when the CORES
pondence which has passed between the Secretary of
State and the French Minister ia made public IL wr
be that they have acted like two big
boys Mr.. Rives had not ut the latest date been re-
ceived by the French government as the American
minister, and interview had taken place between
him and NJ. de Tocquevie, during which some very
strong language used by both parties aud the re-
suit by favorable. This looks az though
there might be another panic before the lapse Of
many days
The character Of the Insurance compapies in ALI
parts OF has "A lcug time haas,
deprecistirg There Ia Wall street fifteen or
twenty psnies and NJ one knows whether auy one
of the whole batch is solvent do know that
It is exceedingly difficult get any thing out Of them
except at the tail end Of tedious Law suit Statements
published from time to tine, by the different COM
psnies doing business upon the mutual system accord
Ing to which appears bright and
but experience In these things to doubt thu
correctness Of about ninetsnths Of these reports We
have known banks to declare dividend day and sus
pend the next without the first red Of assets and
have every to believe that many of our insu
companies beteroG. II director in any of
these concerns or any rich experiences loss and
holds policy Of Insurance. issued by any OF these COM
panies, the amount Is promptly paid; but if q poor
man loses all he has in the world, and the companv
finds out he Is not able 10 carry a lawsuit. the
chances that he will get the hrst fraction of
his claim. The ra'calty aud niquity prsctised by the
send them all to tho state Prison, IL committed upon
their individual respons by Instead OF their corpo
rated capacity. 50 great IL the difference betwesu
public and private acts. In the code Of morals
meeting Of the stock holders In the New York and
New Haven Railroad Company will be held to- morrov
-Tuesdsy-at IL o'clock at the Office Of the company
In Car al street where the report the Committee Of
Investigation will be- presented We trust there will
be full attendance a. meeting 81 stockholders In
q a.
and should by all means b. encouraged
In our paper prepared Tor California October I6 we
took occasion to call the attention Of commission
merchants to the law 81 factor and agents which Is SO
we'll established that amazed at the gross ne
gsct thereof evnced by m.st ~ the parties there by
which they will hereafter expose themselves to inter
minsble ls~tuitsL Consiguors have their rights aud
the law requires that they shall be protected In them
to great extent. aud very properly A factor L.
liable for damage incurred BY breach OF Instructions
even though he acts for THAT ne may deem the best
Interests bis conssuee be bound ALSO to use due
diligence in making sales he Is bound also to sell at
the fair market rate Of the day b. is bound expose
the goods and to give due publicity to his wares he i
bound to sell with every publicity that may reasonably
be called for to enable parties wanting such merohau
disc to seek interview he - bound to make his
charges for storage reasonable snd thea IL bound to
show It necessary 20 tbs goods he Is liable
lays sales The charge Tor labor must be RESPONSIBLE
compensation, and he may at auy time be called
upon to exhibit the vouchers fir such expenses lie
cannot charge an unrcasoasble commission for his
services nor Is he allowed 80 combine With Others,
In regulating aud enforcing an unusual com
mission against absent parties, Who consigned goods
for sale according To mercantile custom. In fact,
every sxpen,e must be- reasonable srd absolutely ne
eesssry. In recent tried ia THIS city MIL
- IN "a. g a..
Of -four contrary TO orderf, "a 1916. at Liverpool al
though the defendants established their case that e.
Of judgment aud Tor What they then con.
ceivea the best interests II the osper sti the court
held II, very properly insufficient; aud the court in
charging the jury. ttstsd tbst there was no doubt
but that the defendants acted good faith which Is
shown by their ssss a. the tiuae; but they
also bound to act with skill aud diligence, aud,
the jury must determine whether they were deficient
in skill or diligence in which they respcni-
bic whether they had dsobsyed their Instructions
they were equally go" This jury found for the plain
this $ll1se 81 being full Of difference claimed
and interest thereon.
Now, what we called attention 10, vas the piraticsi
charges trumted up ty parties in California which
unblushing and uoreasonasle that parties
here, plunderta Of III az property will submit to for
moment. That there are bat few SUCH we hope and
believe the credit Il tbe place; bat the whole sys-
TEN O. charging exefblant c0mtnn ions, exorbitant
storaess esobspt pr for labor must be done away
with time q necessary aud the sooner those
practising such charges their disposition 10
abate them the better
The snnsHsd s.s.sI1. - ~ s-ss~s~p f-~--e
THIS q ate on The mornings u the 10th Of June
and the 22d OF septenber is4e The June report EN-
braces ell the banks and banking Institution. then In
the state numbering Isl tsaks and branches The
SEPTEMBER report IL not full, no statement having
a