The New York herald., 1851-10-20
M ON Z y M A X Il Il Il.

SUNDAY, October lo-6P.M
The stock market c sed firm yesterday afternoon IL
will be observed reference to the transactions at bot
boards yesterday that most of the operations fol
cash and that quotations in advance Of those
allied any previous day during the week One cause o,
this the that the bears have been large purchaser
The apprehension tina. active speculative movement
would before they had provided for large out
standing contracts hssbrought the the market
as buyers and the effect been favorable Unfortunate
y bolder of stocks generally outsiders continue lit
tie tmd and do not make their appearanee In the street
in much force desirable As prices advance, out
siders get confident ard exhibit the popularity s
to that class Of Spectators, viz: become pur-
chasers at high prices 1t is utterly impoite to in
duce capitalists and outsiders TO take held OF stocks
when prices reduced They wait until the market
gets inflated, until the excitement: in The street
pretty hiGh before they forward and then they buy
all the way up TO the highest point. Ins.ead OF com
ing at the commencement Of speculation, when tht
margin advance IS vey great they look quietly
arc Improvement in prices day after day, until
at lstt they get excited rush In bndy aud reckey in
volve themselves in every fancy the lss Daring the
yast months the stock market has been consider
ably depressed Holders outsids the street have beer
compelled their necessities required q submit TO
crlces The result U.s. that immense quantities Of stoc
have found their way into Wall street ard the broker
opg period of inactivity aud depression change Ia,
taken lace and those who had enough to hold
purchase at the depreciation reapins thu
fruits Of their foresight and Judgment An advance
Of about three per cent has already been realized thu
larger class stocks while the smaller ces has advanced
ten fifteen and twenty per cent All this has been pro
duesd by moderate Improvement In the money hrket
by . moderate movement among some Of the heaviest
holders and In tho sh'eaSr of all Excitement This be-
ING What may nc; exrcc, whcn the clements ofspe
e1latcn enee morv In active operation Ths
SIN Ger advance In most 81 the leading securities In
the market has hardly ye, be'n touched, half dozer
prSau Win b. made On the mo.t important stock,
ksiors the eliminating point 10 reached and thoss
Who tAkr hold the stage IL IA. movement will b.
certain 20 realise iag,f returns than tboso Who come In
uron the top cf tho OF all the railroad stocks ths
Iht the most rrominrnt Ia Harlem. IL in yond all
doubt the cheapest railroad security the masks AMI
H. meet sxtrsodnary that such reduced prices rule. Th
nerca,e earnings thus far this year has been nearly
hundred thousand dolar equal 70 about thirty
cent and this rate will continue throughout the yssr
The net fr 1861 viii b. equal 10 dividend %
per cent the szgrsgAts eost ef The road IL
tro,J~es a III. mos; iav,rabs chArss,er, and there
NJ, ssstisr rad In uls county 20 free from eomprt
TIN in r.s,iss " is issai t,sl ~ vii bs opened T.
htsny In bsssmssf, ~ tbs ,loss ~ r,sf nsvigAiion
srd bs,iox Ne sSysstszs hssi,gn fupsdor ~ oil
e.s~s seno~ssss vih ns ~ Ds prosssg,sssss mlsi
~ ts. ~ ste rrcss s.,ssv.zsss sslsgiasss Tbs city
r.vS ne H-riern ,ss5 y ,spi9ly is5fsAisg ssd a.
s.~ c9,y s,s~n ti. n ,sgssse s ,s vsry isrzs
y4~s @ .>nncc.fon = e@.s1 ri5s ~ Ws<;>zn ,ssisaAf
:. c.~4,--- ss~n- - g.s;sr1 srtsp:
N .onhsry "a ss.w srsysi Gera, sk.sk A,rssz In
,-e,.. =. ,.vs--s psssss sss Railroad has
.d,.ee.s .sls ssvs,.l s.f cent, add E Is the inpr~s
sioe ,h.s u oil e. ssssidsrsbay tAghsr The USrsr1s
~.svessn, b..s ,ss fsyid ~ bs hsaiihy. Is nsz
h-evst Ls stsissg The iserssss in ssrninss 1s;iass
pe,,s. ~ ths sa,snes and Il is eonsiesEsd BY many
shsst s,a,t Al pf.ss prices A for irs Railroad
int,ssilIs " tell What prices Will axe. We
had 10, opinion r. the real value % .s tuck
~ 10 prsity we'll known that ne, of ths mat
eLarsetsr The operations q .D~culstsTs msch
innusbes tkb sry ether fancy sioss and The ~,
and downs In the street retulatsd sn1sly ty the
longs and the shorts The month rsesss ss4 net in
have very little TO do with the srs., price o.
shares Morris Canal Long Island snc Heading Railroad
comparatively quiet. The bears have very Iitts
hope Of depressing them much b.lo~ quotation.
and II s probable holders may nanase 10 work then ur
moderately. N,w Jersey Zinc Co is In fair way n
has merits enough q it, carry Il y, consiS~tAb
and holders doubtets perfectly v. ss.issed ths-
It viii be sucently productive 10 give them all very
great revenue matter What the prizes ,f the stoek
may be-
heeonf kASifcsa bscuEnt oc~n 100 Tons o.
coal last veet total ff the season lNs lss tons. ssms
time last pear, l.cs31si tons The schDyism Canal
brought down 1e tons; total for u. y.ar, ss5les
tone The Lshigh Canal brooght down "a 90 ton1 ots
for the yssr, tsl $40 tone
The Vermont Central Railros1 csrpsry have t<sr
doing frstrsts bu'insss this yssr The receipts from
January 10 ssptnbsr. . pensd of ,Ish. month.
smosnsd 10 t5soGis sgsns sis2l2s fer saas time
last yssf. This shows ncresse q sx3s p3 eguai te
III pr cent The total receipts In 1850 amounted
tI7fs3. The rscsipn In eight months cf 1881 have
t~n ss542e more than for the whole twelve month";.
In 1860
The Columbus Insurance Company Of Ohio. has failed
The amount Of liabilities has yet been ssesytaissd
On the 2osh Of October the nlnois and Michigan Ca
nal Loan viii be only $500 CO., which the ssus trustee.
propose paying on In about tso years On tbs 2oth, a.
dividend of twenty per cent the loan VII be paid
siso dix per cent smi annual intsss being half tho
principal Of the loan Of 81 ooo and the full interest
The Lcggits Gap railroad has been complstsd This
very important line Of road and extensive prspara-
iions have been made for the rapid and cheap delivery
" coal into canal boats st ithaca, from whence VIII
70 10 all parts Il westsrn ana northern Ne~ York a
bespsr rates u an befose delivered vest ~ the Mud
cn river
The following table shows the comparative per esntsgs
g gross profits capital earned Ny thirty three bspk
% TIE city Ct New Yub a. sJpesIe from spsesis Of