The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-28
CO NJ d ERCIAb AFFAIRS,


Tuesday, Nov. 27-0 II. N.
The stock market opened heavy this morning, and
prices ut the board very feversb. Some Of the
fnces closed at better prices than ruled the OPEN
ing while others opened better than they closed.
Compared with quotations current yesterday there has
been material alteration At the first board Far
mers Loan fell of q per cent, and New Haven Railroad
advanced p per cent. Harlem active than
usual and the bears putting out large lots long
time. IS regards Farmers Loan the result has been
precisely anticipated Prices rule lower since the
much talked Of real estate sale Notwithstanding the
high prices realized than before aud the probability o
that the bears have made will make good thing GU.
of it, and that holders who have sold at the top of the
market will have opportunity Of purch
ct much lower prices Prices for fancy stocks usually
take this course, and, in niasty mine cases cut o.
every hundred IL Is best to sell when the anticipa-
tion Ct any movement In any particular stock
creates an advance, as the result seldom or never
meets the expectations formed There sails
to-day OF North American Trust at an advance OF
IA per cent on the previous tsle This improvemen Mt
Is In anticipation Of decision In favor Of the stock
holders in the case Involving property to the amount
Of 100000, recently argued before the Court Of
Appeals. This advance has taken place in an l.
ti alton of decision in favor Of the company. and
The probability Ia that in the event Of the decision
being actually announced In favor Of the company the
holders Of this and all other fancy stocks sell In
anticipation Of the result OF any contem plated move
meht likely to affect the market value Of the stock
The receipts at the Office OF the Assistant Treasug
Of this port to-day amounted to s47, ooS payments
s353t0-balance, s3sl1bT3
There Is foundation for the report that altered
counterfeit notes the Merchants Bank Of Canan
daigus were In circulation The officers Of the Bans.
ing Department In Albany, say that bills have
bsen issued than secured by deposited stock aud
the Albany papers ray that there never has been an
altered counterfeit note on this bank presented for
exchange or rcdem ption.
Holders OF cotton xious for the arrival % the
steamer from Liverpool, nearly due. Operators
appear to be pretty equally divided In their opinions
to the complexion Of the next advices relative
90 Gotten The mild weather Of the past three or four
weeks has raised the estimates Of those engaged In the
trade regarding the probable extent of the crop nov
coming in II IL estimated that the product this
year will be somewhere between 100000 and 2iO0O 900
bales The yield will not vary much from 1880 900;
s1d " killing frost Keeps OF q week or te. days
longer, the product will be above, rather than be.
low, tat figure As regards prices, they are re-
gulsted ~ much by consumption production aud
must look to sdvicss frem Liverpool for
the quantity consumed weekly in the Misunderstanding
districts arrival Is Of the greatest importance to
all interested in this staple IL the impression In
Manchester at the latest dates that the weekly con.
sumption would coon fall OF 10 consequence Of the I'M
possibility Of manufacturing goods 10 the face Of
such advance In prices for the material; and t
fupposed that this IN connection with more IA
vorable accounts from the United States rave 10 the
growing crop, would arrest the upward movement In
the market and bring spectators stand still Nose
favorable accounts q the crop have soae by every
packet during the past month; but shall have to
..4t
pool the Gath instsptlsst saturdaybeforS we can
tn much about the future Of prices
The annexed statement exhibits the quotations fer
foreign and domestic exchange for specie and for un
current money
T~aErer Excg,ScK4
On Load n IN