The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-07-29

M ON EY N A II X II It.

sUSpAr. July 2S-0P. M.
The stock market, during the pact week has boeu
comparatively quiet and prices without any material
alteration greet many operators In the country
and holders in their demand In antie ipation
OF a speculative movement upon the opening Of the
fall IL II the cas- est thing In the world 10 borro.
money the bypoheeation OF fancy stocks and there
IL hardly bank In the street but that has large lots Of
these securities on which they have made loans All
this il very we'll long the market continues easy
but the fret turn in the screws would change the
whole complexion e things and force large guam
titles Of stock How much longer money IL 20 be a.
abundant as II has been for sometime past, Il .
question pretty dineult to answer but the change
may take piece much than Is generally
anticipated Indications point strongly TO a strin-
gcncy before the close Of the fall trade aud the pro-
liability l. that win continue throughout the win
ter and spbng. Itis at times impossible 20 account
for these sudden changes in the money market, but
the best Indication Of such change should be the
signal Tor all to contract their operations and prepare
IA, mselvss for any emergency. II u nearly two
years stree the market has been sbundantly sup
piled with capital and the rates Of Interest have
ruledlow, during which time public aud private
dts have become very much expanded and large
bank expansion l. necessary to supply the demand.
In the event Of the banks agreeing contraction.
the commercial clai would be seriously embarrassed
In their movmsnts and holders q fancy stocks cut
short In their calculations Of pio6ts
In our article Of Friday, regarding the Albany
and Schenectady Railroad. the amount due on bond
and mortgage for part Of the pany freight depot
grounds was erropeOusly stated At S20,O We should
have said $4,000 continuation Of our remarks On
this subject. we would nov observe that with the
enormous deb, Of about $4,000 actually existing on
II miles Of road, Independent Of its capital Of
$1,000 Co0J vita the necessity Of expenditure, for
the object stated yesterday, Of the further sun OF
sl25 oo0 AMI With the debt which will b. due to the
city Of Albany Of ti2s 900 many q the directors
deemed u mprud, NJ and indeed wrong TO pay dlvi-
bends up the hnasees 81 the company should better
justify H. especially vhen. in the case Of almost
every dividend male for the past years u has been
necessary borrow money 10 repenish the compauy's
treasury for that object when objections dividends
urged tn response q the Wall street specula-
In it stock was IL you do not make you
cannot borrow money you viii lose credit and your
bonds vil not negotiate; whereas n you continue to
make dividends Jour credit will be good your bonds
negotiable. and above all the shares Of the company
will rise to par with facts like these can q b. doubt
ed hat the present policy Of the parties controlling
the affairs Of this company is TO give fsse value to
its shares in the market By unjustiaabls divdends
that they may dsburthen themselves AZ the expense
Of innocent purchasers rather than ADOPT the more
fonest Of providing for the payment Of existing
indsbedness and the prohibition Of IT. Increase at
least fer any object other than the compilation Of the
rcsd and the appurtenances absolutely necessary %
its business II has long been urged By some Of The