The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-05-27
QvorATIoss yoR PRINCIPAL srocxs m rnn NEW
YoRK MARKET.
Sat I'd Ma. r.. 1rS

comparison Of prices current at the close Of the
market yesterday with those ruling at the close Of
the previous week, exhibits advance in U. s. 6's OF
" per cent; Reading Railroad, u; Harlem, N Morris
Canal, y; Hudson River Railroad, "a; Erie Bonds,
cid, y; and . decline in Norwich Of per cent?
Farmers Loan, 1; Erie Bonds new, u per cent.
Our remarks upon the policy of the board of
ment Of the Erie Railroad Company, have had the eff
feet to make some men think. We cannot doubt but
that people will begin to inquire why 1t is that every
paper in the city Is ful of extravagant praises Of this
concern--why IL IL that everybody's greeted
with the inquiry What Is the price Of Erie stock to-
day" why certain directors to be SEEN ut all
hours holding sdividuals by the buttonhole In Wall
street. and volunteering the opinion that the price OF
the securities stll very low, assuring them that
the stock will 90 to par, and the bonds to
premium that certain brokers largely short
that there sixty thousand shares and thirty thou
sand stockholders-tha large lots Of the bonds have
been taken for foreign account and that exist
for much larger sum These inquiries will be made
making and the answers cannot but produce
influence which must shake, II IL does not destroy,
public confidence in the whole concern. The idea Of
large purchases OF the second mortgage bonds for
reign account so industriousy circulated by the ma
nagcuent Is fraud. and ought TO be rebuked by the
community 1t is asserted to influence buyers here at
these prices to enable the managers them
Of their II is done to manufacture more favor
able public opinion-and coming from the that
Il does Is outrage upon the good c-
sens The transactions in the shares controlled and
ms nj ged by the same men, (men whose very counte-
nances 20 to prove the feeling uppermost ia their
minds inssmueh as they manage and superintend the
concerns Of the company, have been disgrace TO Wall
street. and that Is saying great deal The interests
OF the company have become Of secondary i'm portance
and the large private trAfc the primary object The
movement has doubt caused the investment Of tens
OF thousands Of dollars In the securities at twenty-five
Per cent advance over the price they ruled ct four
months since some Of IT, no doubt, for permanent and
some for speculative objects A change is certain TO
take place All past experience proves this-nothing
can resist H. All the power Of the selfconhdent and
most busy spectators aided by the Bank that figures
csnspieuously in the matter can no more check the
counter current when II than could the letters Of
MT Bisde maintain the price Of United States BANK
stock.
The London Eecnemia gives the annexed account OF
the existing stocks Of wheat in reat Britain.-
In London the stocks lower than they have been
for years and certainly not ore than third Of
what they were IN the spring Of last year In Liver
pool the best estimate which we have received from
the most eminent firm In the town after much in
quiry vs. that the stock nov 10 about onehaf Of that
the same time In 1919. In the other outoorts ana
throughout the country, the stocks in the hans Of
dealers and mers are much below the usual sire In
farmers hands the stocks vary very much hut az a
general rue, the following may ssiciy be said 70 he
near the truth. Among small farmers everywhere
and In districts where farmers possess but aiimied
eaptal the stocks II wheat are reduced much beIox
an average quantity at this period Of the year But In
those districts where farmers Of large capt
tai and have not been much pressed by railway calls
and In other districts among the vealthest class Of
formers the stock Of wheat is considerable perhaps
q fourth more than usual But N. the whole II is
computed sbout the as in average years il will
be near the truth.