The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-11-04

terestng. At the ciess yesterday the balls we're I'm
the sscsndancy with . fhlr prospect Of sustsi.i,x
themselves. Their ability to carry stocks IL undouSs
ed and every day adds 70 their means and
The course pursued this season, BY outsiders vho,
have peculsted for rise In fancy stocks IL one oaleu
lated lead profitable results Instead Of depend
ing entirely upon their Judgment and discretion
they have placed themselves In the hands Of some
shrewa broker, and HAYS given him carte taneAs to
operate from time to time, his own good sense
might dictate. By so doing they have been able to
take imme advantage Of every favorable turn In
the market, and have secured profit when 10 could b.
made BY placing the means In the hands OF
an experienced member Of the board Of brokers,
to operate for them opportunities appeared, they
have enjoyed advantages which could not have BEEN
obtained in any other way. Heretofore outsiders
have managed their own stock operations, aud have
been governed by all kinds Of reports, which might
have been put in circulation for the pupose Of inti
ndating encouraging that class speculaors and
they have frequently been drained of every doliar
risked in the rise and fail of stocks Not having
TO the board OF brokers' they have been obliged
wait it's adjournment before learning the changes In
the market, aud have, therefore, been more or less
in the power Of those whose position gave them earlier
information. This they have obvated by employing
brokers to operate for them, Independent of direct
orders and the result has been perfectly sa.story
AS illustration of how the business has been con-
Quoted this season, viii state A party Of
outsiders make up purse of fifty thousand dollare
and deposit it with broker, and give him orders tc.
operate in certain stock With that amount he Is to
purchase for cash or on time, as he may deem most
prudent, and sell whenever he may consider best.
That sum Of money judicionsly managed, must at
all times have controlling influence upon prices and
actively employed, can be made equal to az immense
capital. If purchases are naie on time, ten and
fifteen thousand shares OF any stock che list
can be pur released and that quantity controlled by
one individual would, at any time make the bearc
rather cautious than otherwis,. rise OF two
per cent s realised at and then the party with
draws, and either waits for fall in that particular
stock takes hold of some other aud goes through
the same movement. 80 far, the bulls have been
ceedDgiy fortunate this season. and see nothing
at present in the horoscope, threatening any mpor
tant change Capital is abundant, and cheap enough
Tor all ordinary purposes. Almost any kind Of Sc
-euiity viii nand money loan, with q very
moderate margin, and Icing this state of things
exists there is very little danger of depreciation Ia
prices, Tor even the most uupromising fancy stock
Independent Of this the future looks encouraging
and full of hope In regard TO many stocks which have
been for long time and may yet be, considered
fsncis that large holders exhib, anxiety sell
but. the contrary. disposed to hold than
when prices ruled ten, fifteen and twenty per cent
below those current. The cause of this is the
actual improvement In the position AMI condition Of
the companies alluded to. Within the next three
months the Reading Railroad, Harlem, aud Norwich
ana Worcester railroad mpanies, will declare d;vi-
dends ranging from three to per cent and holders
Of thosc stocks not disposed to part with them at
present prices with such dividends in view An i'm
provement In the affairs OF every company, cores
poncing with the Improvement in the market value
of the stock has been realized within the past four
rx months, which accounts for the drmness with
which prices have been msintainet, and Is su ,ent
to prevent any depreciation of consequence.
The last quarterly report of the banks Of this State
compared With the previous one, exhibits the annexed
statement =:
INV YoRK CirY BASKs-JuSE AND skrrEsBER, 1850