The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-11-10
Movements of Disting uished Individ uaIs.


| SUNDAY, Nov 9-6PM
The stock market during the past week. has not been
at all buoyant Quotations have uctuated considerably
and operators appear to be very unsettled in their minds
relative to the future The extensive shipments of specie
have alarmed timd spectators and many have been in
duced to realize This with the dull approaching
has had upfavorsble influence upon the market and
1t is the prevailing impression that speculation Is over
/ for this year. Money may be abundant and cheap
enough for all purposes and the banks may be disposed
to discount freely but the outside public have not suf
cient confidence in the future value of the leading rail
road securities the market to involve themselves in
contracts redeemable any time hence. The bears
disposed to sell short time to any extent with the
full conviction that important depreciation is not far
distant That prices for several Of the most active rail
load stocks the list rule too high the larges.
holders must admit that they be much longer
tanned at rates very few believe and it is
question with those who have been compelled to purchase
largely to sustain prices. how they will be able to reduce
their supply without reducing prices to serious extent
The most active and inflated fancy in the market is Erie
Railroad and large holders have involved themselves
deeply that any important depreciation would add
the list Of insovents So far the bears have
been the greatest sufferers in this stock but the bulls
must be cautious, or they wliyet caught in the
rsp Fer the purpose Of sustaining prices and to enable
certain parties get rid Of much Of their pos
sble reports freely circulated relative TO the
dividend 1t Is stated that the dividend due the 1st
ofJAnusry, 1852 viii be three and half per centsoe
cay four per cent and il is also stated that there will he
surplus after paying the highest rate Many doubt
believe this and may be induced to purchase with this
in view We hope they may not be mistaken, and that
they will realize all they anticipate but it exceedingly
doubtful The January dividend 1t is reported will con
out Of the net earnings Of the company and the fac
that 1t will be larger than these previously paid is in
| md m hat haa oH,,rtf
than the public generally have believed There is good
policy in this 1t to keep up the ilusion and may
aid Spectators materially Il would not do to make the
dividend less than those previously paid and 1t would
ruin at the prospect Of SPECTATORS TO omit paying
a dividend in cash So long as the company have any
credits long they keep the public in Severance
OF the true state Of its financial afArso long their
construction remains open the stockholders will
get their dTiderd regularly but they may rest assured
that every dividend will add less to the capital
stock floating debt CT he company
The Reading is ARCHER doubtful mysterious fancy
stOekbold.rs do not knew until the last moment, wbs
ther they Will e.: dividend Spectators spread
all kinds Of reports relative TO dividends for several
months previous 20 the period Of payment for the pur
pose Of Initiating prices As soon the expansion has
reached the proper point, the proper time arrives
these who have been the strongest bulls. sell every
share they held fnd turn bears when they have put
cut large contracts % deliver ii is announced that there
will he dividend No doub. the effect OF such
statement, aud rapid depreciation In the market
value Of the stock i the result This IS the game tia;
'pecuA;Or, 90 frequently play-one which outsiders
generally lose This H the present position Of Reaiins
There will be nc dividend in January Of the
earnings Il the prsvous six months The brokers Of
operators connected with TIE nAnagem int Of the
pary, seirg stock every day and 1t Is supposed
| they well posted up i would be well enough for
those who have nothing to d. with pulling the wires
follow in the Of the big fish. When rats are seen
leaving ship, Il may - taken for granted there Is
leak loose somcFhese This and Erie are the
two most desperate fances the market aud the col
| spse will ultimately be runous ia both Of them All
the other fsnces either rule very low ntrinci
y worth more in proportion to current prices than the
voabove named
Norwich and worcester Harlem, Long Islsnd Morris
Canal New Jersey Zins, s;oaDgton, Edysworth sc all
have less margin fer a rise without being uniuly
inflated The tine has gone By when the payment Of
dividends out q capital settles the market value Of any
security The noius operandi better understood thaa
il used 10 be and It s question whether Of the
fsnee., the net earnings Of which appropriated
the payment Of Coating debts not in reality worth
more than tho,e which make dividends out Of capital
Some Of our railroad compAnie. that pay six aud sight
per cent per 20 their stockholders do not actually
half Gift. II proper distinction made in
.ocks there would be great change in the position Of
some ofthem There doubt but that Harlem Railroad
stock Is worth dollar for dollar mu:h than the Erie
We have long entertained this opinion and have
POUND the first doubt lie correctness II the sr
lem company Dc not intend declaring four per cent
February should Ike 10 know What the enent
intend doing with the net earnings Of the six months
endns that time n they cannot Peg that dividend
there b. mistake in the reported receipts
the expenses must be larger per cent than they
before. The Norwich and Worcester Railroad Com
pahy will declare semi annual dividend OF two and
half per cent, in January. This has been determined
upon 10 ssud that the regular semi annual lVi
dsnd hereafter will BE- at least that rate Il will BE-
eng time before the stockholders in Long Issni and
Morris set q dividend but both com panes doing
COED business and viii come out bright Of these
days
The mail steamship Baltic from Liverpool, bripss
seven day. later Intelligence from Europe There Is
thing rev in the financial commercial accounts. Mo
ney vas abundant and cheap and stocks had generally
improved II dsult TO end for ell capital offer
ing at anything above two per cent Notrt h.tsndlng
this plethora in the money market there psrticu
lar activity In commercial affairs ouotstions cotton
were dropping and there demand Of consequence
| from any source Breadstuffs remsn the pre-
viousy reported The markets generally we're dull, with
| out any prospect Of an immediate Improvement.