The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-12-01
C0MAERCIAb AFFAIRS.
MONEY MARKET.
Friday, Nov. 10

Friday, Nov. JOG II. M
The stock market was lit. lie more buoyspt to d
The bulls to have gathered little siren 9Th b.
day of rest The bears were however, heavy p
cbssers and bought largely for cash Most OF the
rstioDs to-day for cash Reading, Harlem a
Farmers Loan were the most active fauciss. At
first board, Erie Railroad nd sauced u per cent;
Haven, q; Harlem, u; and Long Island 4. Uni
States 6's fell of u per cont; Indiana SIS, A. 7
sales Of government and State securities were limit
At the second board Reading Railroad declined ~
cent and Canton Com psny advanced "a The sales
Reading and Harlem were very l,rge without q
change in quotations for the latter. IL will be G,
that the slight improvement in prices for the fanc
reported, has brought out an immense quantity
stock and can only reitsrste the advice we have
frequently given boldsrs: Res,izs upon the sllghs
advance, and the probability Is that the stock can
replaced at a depreciation 81 several per cent A
improvement in prices for fancy stocks oan be
temporary and large holders in the street get OF ey
share they can, at the most moderate advance Oh
elders would DO well to follow this example
The receipts at the office Of the Assistant rrsasu
Of this port to- day, amounted 20 $50 $50 So psyme
S175,6e9 e9-balsuce, $3.50 5l7 az.
Advces from the West speak Of the Wisconsin
rine and Fire Insurance Company, and its priuc|
proprietor Mr.. Geo Smith. 1t appears by these
counts, that the circulation OF this company anod
to about 81 200 ,ooo that Mr Smith is good, and
keep the company good just long 1t Is his intel
to do SO. This institution WAS chartered by the I'd
toria Legislature of Wisconsin. Ia 1885, 6n. we Id
nothing about its banking powers Mr. Saith has D
lshed letter in reply to the statements referred
in which he says that he has, in connection with
ba IL,
creating personal liability on the part of botiI
trustees for the benefit Of the holders of the cor
ny's notes now outstanding and those that mai
hereafter Issued. The trustees are VIM II. Croc
Esq, Of Chicago, and Haus Croker, ESQ, Of Milv
ke. 1t is stated that Mr.. sm n Is worth $500 900
The annexed card issued by the Bank Of Che
County, exhibits new place OF financial skill Of
managers, particularly those OF Psunsylvania -
BANK OF CHEsrER CouNry- November o. 1874
Many erroneous statements having gained eurra
concerning the old and issues of this bank q
statement OF facts seems necessary. The amour
notes stolen from the President was S5I, 100:
amount that has been recovered from the thieves
their sccomplices. IL $40 Ato; aud the whole amour
the old issue yet outstanding and unredeemcd Is 81
the largest portion OF which. We have reason ID
lieve, Is Of the stolen money. rhe new issuss Ar,
deemed at the Bank OF Pennsylvania. and at the G
ter OF this bank, as haretoors and the old Issues
tinue to be redeemed at the counter of the bapk
such information from the holders as will rajse
sonsble presumption that they are not Of the q
money w. TOWNSEND, Cashier
im' m'sn' DO csneo oy some people rspudist
oa. III ouf opinion muon stronger term mig
WIN mucn PROPHECY gwen 90 It's admitted b
cashier VI 'ne os"A s"s' LOU OF the old Issue of
arc" present oa"esnding ana unredeemsd; sn(
cAuse IL the suppos'tion OF the management Of
psnA That portion OF those bills we're stolen, II
oemPuon Oh tnem iFeiused, unlees the holder Of {
OF any part Oh them, prove that they were not ct
ms In reality the height OF impudense; bat "
not astonishsd 81 any operation OF any bank In
fs"Ania, finoe tns explosion OF the susqusha
Counsy Dsnh' ana nsfa dozen other similar cont
in tnat state IL sppsars BY the above card,
In consequence OF the carslessness, Tor VIA
else IL might be csiied) OF the President of
BANK oil hester county the public are to lose 80,
that any man who may honestly come into posse
Of one Of the old Issues OF this bank must loss a.
the same principle, II the bank should Be robb
sloooo In specie IL might refuse TO redeem that am
OF oins' IL the public are to be svindled out Of
dollar any bank might have stolen from them, It d
enough that IL should be understood A sui
peen Drought egatpet the Bank Of Chester Count