The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-10-29

C 0 N NJ iRclkl AFFAIRS.
mNEY MARKET.


The stock markt closed, yesterday, very unset
tied state Quotans for and State stocks
were rather firm aithe close while most Of the fances
were weak and te,iing downward. There was more
activity at both bards yesterday, than we have
ticed for long tine but 1t will be seen, reference
to the sales, that most of the transactions
time pretty equah divided between sellers and buy
ers' opten. At tie hrst board yesterday there
dozen shares Of seek offered where there ons
bought, and the csh purchases were principally by
bears, to deliver ormatured contracts.
During the past week. there have been curiou
operations Ia iarlea In the way Of buying and SCI
privileges to deliveiand call for certain quantit
the stock, within lertain time, at stipulated
Some Of the most determined bears have been en
In these transactions, for the purpose OF susta
the market price until they could make all tl8
contracts to deivenometime hence that they wanted
when they will let tie stock fall by its weight
For instance an oprator to give $50 for the
privilege of calling FIR 500 shares of Harlem old stock
at 3D. within 10 days The natural influence Of such
transaction upon tie mind of the party purchasing
the privilege would be, to induce him to initiate the
market value Of the sock much possible, to
call IL in and sell at the advance. On the other hand,
party selling such aprivlege, goes to work and de-
presses the stocks much possible to bay In
at reduced prices called upon to fulfil the contract.
These privileges dangerous things to deal in and
II Is difficult to get old operator into any such
rapgement. when Of the shrewdest bears
in the street selling such privileges for song it
looks though they had perfect control Of the
ket and felt great confidence In the strength Of their
position As regards Harlem all appear anxious to
SELL that has become necessary bolster up the
ket for time, in way to make sales at anything
prices now current. IL would be dangerous
to cell any OF the little fances such Morris Canal
North American Trust Canton scrip, U. s. Bank, or
Vcksburg short to the extent, IL does not
quire much capital to carry them and 1t would be easy
ut any time to get up corner and then again 1t Is
difficult to tell whether these fancies really worth
anything not; whereas 1t Is pretty well kns that
fancy railroad stocks steadily settling
market value, and steadily depreciating In real
value In the event Of the small fances going entirely
out CT tight, the loss cannot amouat to much; while
the loss those Of greater market value would In the
event Of ell artificial stimuants being removed be
ruinous to most holders The railroad fances are fine
game for the bears and they unhestatngly sell just
as much as they can ind purchasers for.
From the srPose which Ia, recently bsea made
every Who looks closely into their condition Ia,
become satisfied that there is no salvation for
them--thot thore Is an inidious disease eating
into their very vitaIs, for which there Is no re.
medy. They are beyond all human redemption;
bat the quacks who have charge OF them may
possibly keep life 10 them q little longer and
Ialm them of upon those who yet ignorant OF
the worthlesness Of what they purchase Directors OF
our railroad companies generally, composed OF the
class Of men who managed shs banks Of the principal
cities Of the Union during the years 1855 1886 aud
1851 to the graud buf., up aud IL they manage the
railroad compsniesas Effectively they did the banks
the probability L. that shall experiences similar re-
cults. There IL class OF in this aad all other
large communities, ready at all times to connect them
selves With Incorporated provided q course
they get into the mauagems mt. for the purpose
of sucking the life blood Of thom for their ndi-
yidual benefit They coariTe TO get out OF them rst
before collapse takes pl-or like rats leaving sinkinx
ship, and throw the ojium IL pos.ib,e u2ol those
Who come In At the latest momon;, when the compa-
ny's Affairs nextrieably Involved aud h,peisssy
insoveot. II oHy Necessary 10 compare the lists OF
directors Of railroad pRnes with snose Of tho
banks Of this and other o.es years ago become
satisfied that the same system Of management exists
and that the sane resulss ltsly 70 b. realised
The annexed comparative statement exhibits the
quotations In this market Tor the principal speculative
stocks Tor each day q The Past week and the close
Of the week previous Prices have changed much;
but most Of the fSuciss have slightly declined: -
QuoTSrIors roR rar ialsClrsL srocKs - rur
kEw lons "snEur.