The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-01-31
MONEY MARKET.


There IL no activity In the stock market. The pre-
sent holders of fancy stocks have market for them
at present prices and compelled to purchase from
day to day to sustain the market At this rate II can
be long before they will have most OF the auces In
their possession. They will then be In more uncom-
Portable position than they now. The only hope
they have In catching the bears short; but the
prospect Of such result Is by no means encouraging
Holders Of Harlem preferred stock bringing 1t upon
the market and the sale made yesterday at 90 seller IL
months Is consdered good operation for the seller.
TIE dividends recently declared the old stock of this
company injured the preferred stock and tn. sales
have been larger within the past few days than for
months previous The great danger Of small clique Of
brokers getting into their hands such large quantities OF
fancy stocks, In being compelled to keep them. We
have the effect Of such movements several times
during experience. Some OF the strongest houses
the street ct this moment struggling along under
the weight Of fancy stocks which they cannot get rid Of
without submitting to enormous sacrifice. Harlem,
old stock is selling at per cent less than at the
Closing the books exclusive Of the deduction for d.
videud and sale was made to-day at 10, seller IL
months. No one has any confidence In IL, and those
who purchase do 60 merely to prevent II possible,
farther depreciation In the market value Erie Rail-
road fuctustes about per cent from day to
enough TO give both the bulls and bears fair commits
sion. We understand the annual report will soon be
published accompanied by another address to the pub
lie. We have had about half dozen addresses from
this company and full fair and honest report
Give the public and those interested straight for
ward detailed statement Of the financial affairs Of the
company Of the actual earnings and actual running
expenses Of the read during the past ysar-and they
will willingly dispense with address. II the compa
ny have no better data for their estimates Of future
operations either regards cost OF construction or
gross income, IL would be much more crsditsbls to
leave them TO the bull and bear speculstors Of Wall
street.
II viii be seen By telegraphc report In another
lunp that the Infamous bill introduced into the Ls
sslature Of Pennsylvania, By the Reading Railroad
Company has been defeated In the House. IL passed
the Senate but the House had too much respect for It
self to sanction such Ubiquitous measure.
First class land warrants are selling at s125 si3s.
Counterfeit three dollar bills Of the Mechanics
Bank. Worcester Mas ere quite plenty Just nov but
they badly done that should think the hold
would find IL hard work 10 psss taem.
The movements In cotton In this country mp 10 the
latest dates in each Of the past too years. have been -
annexed -
so,r~,sr. o. corro. ~ rrs rs,rsp srsrs
Do. Do. do. ix0 so' i.ISiTi
Total ,,rer, to fsreisn rOrss 70 hates, .-
Do s'''' a. " 10. iisio. 40 $3.50
rS g..a shipments to nor'h'rn R.E,:. .s,r
Do. DO. 90. 1850. 40. ss.1S ,
sto.s on hand and on shipso.rd hates,
ps' a. do i:sc. 40 uis Dee. Gapn
10 will he seen that Jet there has been no very
great falling OF In the receipts this season, compared
with last. Estimates point principally 10 crop 81
100000 bales; but the probability 10 that u yin 90
little under that amount The piehing season hes thus
far been everything most desirsbs but the plant s
largely deficient In bo and the product hes not there
fore been much increased BY the fsvcrsbe vesthsr %
November last, - generally anticipated. tits our I'm
preston at this nsment that prsdaot sftvo miisu
three hundred thousand bales Win be the sxtrsms.
In 1s<s. there arrived st Nee Orleans from foreign
ports "a American vessels amoussisg 10 iss pss toss
and nsvigated by TSss men; aud or foreign vessels
amounting to 1eS,7ts tons, and ssvis~tsd By Tzs
men, In lsle there cal Americas vessels smoun,-
ing TO 21sei1 tons and 7 ses men; and aga f-rsxn.
amounting toliss 4es tons and e,s7s n-beipg de-
cresss Of l2s Aaercsp and Increase of es FOREIGN
vessels hut s showing increase Of American ton
mage Of 1so0 Cons, and decrease Of foreign tonnage
a 42so tons The eesstvise arrivals In 1893 all az
which American, we're SIS vessels $40 sT0 tops
spd 1887 mem In ls&s, 14si vessels, cas- sft tons