The New York herald., 1851-10-30
FINANCIAL AND COMMERCIAL,
M ON e Y MARK EFT.

"WEDNESDAY, October 29-6PM.
The market opened pretty blue this morning. and for
tme the bulls were considerably frightened. Several
heavy holders who anxious to SELL and offered their
stocks upon the opening, withdrew upon seeing the ef
feet Of such large quantity pressing upon the Market
which arrested the depreciation, and prices rallied
little Everything connected with the stock market
pears to be in an unsettled fsverish condition. The
operations In Erie Railroad, and other leading railroad
fances to day. show plainly as possible the state OF
the public mind Holders Of Erie are watching each
other very closely fearful that one may slip out
and get the advantage Of the rest The largest holders
sustaining the price, and to de so they are
continually increasing their supplies With thousands
Of shares in hand, which they are anxious to dis
pose Of it is unpleasant thing to be compelled to
add to the quantity, instead Of reducing it, fearful
that prices will give way, and reduce the value
Of that on hand The effect Of this will be to concsn.
trate In the hands of few brokers' Immense lots Of
stock and the result will be- Of these days. severe
collapse The Market in fact, has basis 1t is likely
any moment to break down. There rs no demand for
stocks from outsiders and those who have them must
keep them There are few exceptions to this Some
ofhe fanees controlled almost entirely by ou.ders
but fancy held in that way is in just bad position
as though it was held principally by brokers Altogether
things are in bad way, and the leading bulls know it,
and feel too. They probability Of getting rid
Of the masses Of stocks hand, and they filed
with apprehension Money is getting easier for al the
legitimate purposes of trade &c. but for stock specu
ton It is pretty difficult to get accomm odations The
banks in Wall street about full Of Ere Railroad
and similar securities they DESIRE with moderate
gins for depreciation and there is little probability OF
facilities for a much greater extent being afforded
At the first board to-day Lorg Island declined y per
cent Norris Canal, "a; Canton Co., q; Norwich and
Worcester l. Erie Bonds 1852 u Erie Convertible, al
New Jersey Zinc, "a; Portsmouth, a. Erie Railroad
opened at decline Of IL per cent, and closed at prices
current yesterday Hudson River Railroad advanced x
FER cent New Haven Railroad, u. 1t has been pretty
well settled that there will, be dividend Reading
Railroad in January next We have supposed tina. cir
cuuftances might have warranted the directors in de-
clsripg dividend of come kind, a. all hazards. We
that 1t s utterly out of the question pay dvi
dend until the floating debt Is permanently disposed Of
in some way The company have done i'm busi-
during the past year. and il dividend has not been
earned there very little probability the stockholders
getting another return their Investment
At the second board, the market little more
buoyant, and closed with upward tendency. The
fluctuations in Erie Railroad to day amounted to nearly
three PER cert The transactions this afternoon
principally for cash
The receipts the office of the Assistant Treasurer Of
this port, to-day, amounted to s652is Is; payments
S2il,2e5 27, Of which 100000 in payment of a
transfer drsft-balance, So, ,l62 47S 90.
The steamship Winfield Scott, from New Orleans
brought fifteen thousand dollars in SPECIE and the Ma
rion, from Charleston, brings S79,5o1 in specie.
The interest coupons the Per cent bonds OF
the city of Cleveland sued to the Cleveland and Pitts
burg and Cleveland ond Ahtabula railroads. the seven
per cent bouds Of the city Of Madison, and the
per cent bonds Of the Madison and indianapolis Rail
road viii be paid at the office of Messrs wnsow, Laner
Co, in this city, on the first of November
The steamship Europa, at Halifax from Liverpool,
brings three days later intelligence from all parts Of Eu
rope. The commercial intelligence is rather of
favorable character far quotations for great
staple exports concerned. Money abundant, at
three per cent. The accumulation of bullion In the
Bank of England continued uninterrupted the effect
which, upen financial affairs generally favorable
There had been change in quotations for consols
American securities.
The shipments Of cotton from ports in the United
States to the latest dates this year. pared with
previous seasons, exhibit very great falling Of This
is extraordinary when take into consideration
the fact that the receipts from the interior have been
usually large.
MoyyMI.Ts Oh CoTroN IN U1trrp SrATys