The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-12-22
Com ERCIAL AFFAIRS.
MONEY MARKET.

FRIDAY, Dec. xl-o r. M
There material charge in the stock market
to-day, either regards prices demand. Some Of
the leading railroad fsncies rather active
than have noticed during the previous day two
and the transactions in those alluded to have been
principally on time. There many bold and deter
mined sellers In the market and the bulls want any
stock, they need not so long without It, Reading,
Farmers, North American Trust, and Harlem In
active movement to day aud judging from the number
of time tsles We should think that the bears
taking advantage Of the present range OF prices to In
sresss their contracts Reading Railroad revived q
little at the hr-t beard to-day but the has
not strength, sTd cannot but be short lived North
American Trust nuetustes considerably from day to
DAY, and holders appear to be undecided how to act
The variations upon the uarket value of the stock
enormous and buyers and sellers trying to get the
advantage Of each other II is stated that the long
looked for decision will be forthcoming Wednesday
next. IL will be delivered In Albany All kinds OF
opinions ahos. In Wall street relative to this de-
csion and crazy weak headed speculators openly
assert that the opinion Of the judges OF the Court OF
Appeals Is already kno~n. Holders Of fancy stocks
usually not very particular what they do say, IL
there 10 any chance of getting good price, but II they
~i reflect moment they will that II Is utterly
out az the queston fr the action q the Court OF Ap
pesls 10 leak out More than Fix weeks since heard
that the opinion OF the judges in the recently
argued before them. known and remarked at
the time that such reports tsrted for other
ruiroee than TO IN duce speculaous. Holders OF stocks
good, rad ard Indifferent, should not believe an io,s
of what they hear Ia Wall street and much less be
governed by tb. advice OF specustors In that neighbour
hood. In the event of their doing they would In
very short time find that they had sold all their good
stocks, and hold on 10 all their bad ones II sman
has any fancy stock hand and hs does not chooses to
stn it, let him keep cut q Wall street, and he will
then b. governed more or less by his own mind -
As regards North American Trust, and the expected
decision from the Court OF Appeals 10 IL only
ny 60 ,sy, that nothing h sotuAy known In the street.
thsn that u will be delivered on "wednesday next
farts interested in the bonds .ud stock Of this
pany have from dine TO time. withinlhs past six
eight years, consulted the best legal talent ia this
sta'e and t.versl n the indiviual. nov composing
the Court OF Appeals, were, before their election TO
that position, consulted, their opbon Ia relation to
the questions a. issue between the boudhodsrs and
oct boldsrs Of this CON obtained, and as It was
paid for, the inference IL that II was, at the
time. honest As legal opiniors Of lawyers do not, In
fact smount 60 mnch. compared With thsse Of judges
the bench think that .; is possible 10 form
any opinion of the character Of the decision fon any
opinion previously expressed by any Of the judges
hsny purchases Of this stock have recently been made
ON seeouut Of lawyer. and this fact has doubt In
by that class Of spectators.
Harlem Railroad has for several days past been s:ea
oily settlirg down, aud any depreciation In price
te increase the quantity Of stock pressing upon
the msrke. The bulls have several times made ds.ps
rate efforts TO get up and have fsttsred them
selves eversi tines that the besrs had been caught a.
last but each time they have sds mistake and havs
doubtless given mp In despair There IL too much o.
this stock upon the market ard prices range too much
above the market value AZ for the prospects Of the
Company, they ere poor indeed We have not heard
much lately about the dividend to be paid next Fesru
sry but suppose depends entirely upon the state Of
the money market Ifmoney is easy, AMI an amount
sufficient for the purpose be easily borrowed, the
dividend may be paid sThs company have several
large items TO carry into construction soooust aud
small dividend might just we'll be added to the
lump and let It all 90 IN together. II will not be seen
after ~ is cree covered up.
At the fret board. to day, United States s., 1893
fell of per cents Erie rs, old, NJ Erie Railroad,
Residing bonds advanced 4 per cent; Reading Rail-
road, ~ Canten Company, a; North American Trust
~; Farmers. Loan, u; and Long Island, y. AZ the
second beard there sses TO extent Of North
American Trust and Reading Railroad, ct prices
current IN the morning. The market closed With
downward tendency.
The receipts at the Office Of the Assistant Treasurer
Of this port to-day amounted to s5so73 oil payne nts,
ear ISL ps: balance. s3s13.s61 IL.