The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-11-11

sUNDAviNo 10 q p. NJ
During tn. past week there has been about the usual
activity in the stock market and prices have advanced
slowly but steadily There appears to be no abats
ment in the speculative excitement and the Ia
likely to last several weeks yet The ranks OF the
bears have been considerably thinned lately aud
those who enough to continue sellers short
on time, exceedingly cautious what stocks they
sell There fanciss In the list which IL is perfectly
safe TO sell short ln any way buycrs sellers option
time while there others ould, ia our
opinion dare sell without having the stock in hand
for delivery when called for It II very seldom that
such number Of stocks Of n fancy character expert
tnce such rapid improvement In their acsual val.e
during period Of speculation as We have recently
noticed Fancy stock speculatious have heretofore
been the result more Of ordinations among brokers'
and peculiar state Of the money market than Of any
favorable change in the condtisn Of the affairs Of any
particular company; but this season. the speculative
movens OF has only kept pace With the bona ode In.
crease IN the value Of the leading socks for invest
mebt. During the. past three or four months there
has been greater improvement In the financial affairs
OF nearly all our railrosd companies than We has.
ever known before. The earning. have largely in
creased. and more economy has been exhibited In
their expenditures. Their floating debts have been
funded aud the payment Of exorbitant rates Of nte
rest thus avoided. Various improvements have bsen
every thing appears sa,s;sctory We have no
doubt the rsrult will be such a. TO- warrant q con.
tinusncc OF the present. system. Theaivancs in pri
ces realized tbs has not been In instances
80 great Is the actual advance in the value OF the
stock aud e IL therefore foly to expect that In these
eases there is going to be any falling OF in prices
Holders are too well posted up relative 20 the
changes which have taken place In the different com-
panies to part with their stocks prices below
now current; and many have hxea their minds upon
prices considerably above those ruling, and will
realize them retain their stocks for permanent iu-
vestment Money 10 - cheap and abundant that "
is becoming more difcult every day TO and such
pigment as viii give with perfect safety four and ave
per cent per annun This state of things induced
many who hsve idle capital invest 1t in such stock.
pay large dividends the market value Of which is
deprecated. The difference In the rate Of interest
realized sufficient to offset the risk incurred and
the supply Of capital increases. the demand for the
most deprecsted stocks upon the market will bcseme
greater For an illustration Of the folly OF investing
capital in securities where only four and ave per cent
interest be realized when stocks saying eight and
ten per cent be purchased below par, Il Is only
nsessssry to point to the Reading Railroad The in
consistency Of rsilrotd stock earning eight per
its par value selling at thirty per cent discount
while state stock bearing bet Elk per cent interest
commands premium ofeishtesn aud twenty per esnt,
Ia too great to be passed lightly over
The earnings of the Reading Railroad this year, have
been enormous, and we have doubt there will b.
surplu, after paying large dividend the old stock
The setusl sross receipts Of the company from all
sources, for ten months ending septeuber 80 1850.
amounted to ................... sL63IO COZ
Receipts for October, 1850. ............ SJ5 OM
Estimated receipts for November, 1850. 10000
Probable gross receipts for the year, ,.. t234603l
Repairs Of track, missing coal,
taxes 6c.............. Ses1 $50
Renewal fund per year....... 5000
Sinking fund ............. 1O0CCO
Interest on ali the bonds. ..... COO 90
Interest per cent on preferred
stock. 1ilooO 1855 $50
Total net earnings year ending Nov 30 1850 $500 Isl
Surplus on band from last year. .......... 20 90
Total 10 credit Of common stock dividend
fund, November o., 1850. .......... s4s7 ISL
This is more than equal to ten per cent on all the