The New York herald., 1850-12-09

n o N Il Y nK A n X K II.

| SUNDAY, Dec. S-6P.M.
The stock market during the past week has been
steadiy moving upward, and ctions have been
unusually large Buyers appear to be plenty, with
any amount of capital at command, and confidence.
appears to be strong at any time during the
son. 30 long the elements Of speculation continue
active 70 long must look for expansion In prices
for stocks generally Money is easily obtained rates
of interest ranging below the legal standard and the
supply is In OF the demand This gives groat
impetus to speculation the for carrying,
stocks is a very important matter The steady and
enormous receipts Of gold from California Is ano
ther cause for the steady advance In prices The ef
feet Of arrival of five six millions Of gold dust
per month, direct from the mines upon the spscula-
tive propensites of the public at large cannot be
otherwise than calculated to develope them
te the utmost; and 1t would be as wise to at
tempt to stop the revolution Of the earth as tc
stem the torrent Of speculation under existing cir
cumstances We mest 20 with the tide, without
knowing where 1t will carry us. Is is argued by
many that prices for many stocks already too high
that securities Of all kinds selling for much moro
than they are WORTH and that 1t is impossible carry
them any higher but that, the contrary they are
already 80 much inflated that there must soon be
complete break down, resulting in one Of our ola
fashioned panics Now admit the truth Of part of
this We admit that prices for stocks generally are toe
high, that they selling for much more than they
are worth bat We do not believe break down pre-
dioted, because there is in the perspective nothing
that We can calculated to restrict the facilities for
carrying stocks; and so long holders can command
the means, they will not let share slip through their
fingers except at profit The prospect of very great
speculative movement In fancy stocks In the spring
great inducenent for holders carry their stochs
through the approaching dull sason and We have nc
doubt but that prices will be well sustained through
the winter, as they were during the whole of last
summer 1t would hardly be aavisable In eur opinion
to enter the market and buy stocks at present prce
With one or two exceptions prices range high enough
for the season and those who held back until about the
opening OF the pring operations may not have pay
any higher, and will have the benefit Of all the chancss
for depreciation In the meantime Holders however
differently situated. Many of them bought st prices
below those nov current and IL they sell out, and
realize their profits they may have come In again st
prices above those realized But for the favorable prog
peet relative to the stock market upon the opening OF
sprng t would be advisable to close mp at once and
make the most OF the present state Of the market
The receipts Of the Reading Railroad Compsny for
the month OF November 1850 to 1894 3ot o.
OF which Ss34261 rs received for the transports
ton Of cea The coal tonnage for the month amount
ed to s2lss7e tons The receipts for the asca year
'ndipg November Soth 1885, compared with those for
the year previous, as annexed;