The New York herald., 1851-11-17
M d n T. Y DI A IL * Il Il.

/ sCNDAy, NOV. IT. +. NJ
The stock market during the past week has
fidernbly excited The fluctuations in Erie Railroad
have been the of large sales and bears have
been able to take in good many Of their shorts q,
handsome gin in their favor Nearly AL the fsnces
have fallen of and the bulls have been compelled SELL
OF enlarge their deposits. The steady improv. in
The money market has not had the favorable influence
upon prices Of stock generally anticipated and seller.
have acquired more confidence. The public mind Is
in proper condition to take hold Of the fancs. The
uture is by sufficiently clear of contingencies
remove ell apprehension aud capitalists must prefer
inactivity to involving themselves la any s:-ek the
list The market is in very curious unsettled state,
and IL likely to remain for some time
In order to relieve the spectators with relation to
the causes Of the fall in the Erie stock, or the fol-
loving plain and common reason for their con
.dsration and accommodation, and In giving the ex
plaDation without favor sincerely hops ,hsu
not run foul Of any clique interest nsced with the
present struggle. The bears aud bulls having p-cu.
liar sympathy with US we therefore only act simple
chronicersi and in thus placing all before them
they have without any bias from us full opportunity
to do Themselves the best justice the nature Of the cas-
admits o. We must however promise that nothing can
be more absurd than the often repeated charge that the
bears doing their depress market when
II an incoptestibe fact that the only Of
policy for the bears Is the pursuit Of nvteriy ia
activity In all doubtful stocks while resting on Wall
'tr,et nothing Is more surely ruinous thas psr,s,
gleet and should this be the umate fate a the Ee.
any other stock similarly embarrassed the des,sud
ing grade would bnng them their proper Level
II is the bulls aud No, their opponents wdo Produce
the permanent evil aud the nous opsrcrai is that OF
smassng In large parcels such amounts o. stoeks that
the operators compelled 20 seek aud consequently to
exhaust every dollar OF capital ordinarily lcaei On the
fsncics.
But 10 the secret cause OF the al Z, rfo.
upon which We wish 10 bestow the g,ea,svt ippor,
ence possible on matter Of such sligh. interest &C
the public a. the pressing Of a dividend The tsu,b
is the most intelligent and energetic Of he Ere AZ
rtction In company with their friends having .us.
ee,sfuIly carried their road to Duskrk aa n - s,i,
having been compelled - sncouuto. grea, az. lli.r
rick and toll have adopted the wise policy % abandon
ing ior the future every financial movement which
might bear the least scmb.aBse Of manazs nent and
IN 1ursp" f THIS ee,erm inaton Il Is nos vnlrstood
that the January dividend well ~ that which
follows, will be reserrea by the compiny TO relieve
them Of the necessity Of raising money on their accent,
aness at the rate q one aud bAlf p cc. rsr roaft
In adopting this Policy Ii. company will ts enablssi
TO change the chAsActcr Of their hsstiig debt
$4,000 one Of long credit and in % doing give
to the whole concern much solid character thar
through any ether arrangement It can possioy make
dvidend for two successive dividend peri. there VIII,
te no longer spy necessity for Wall street aaau,erng.
and with revenue Of $500 900 there coul ts no aues
ton OF the improved condition Of th. pfees; aH,,r, az
me company a. tie distribution OF such a suq. when
he treasury ofihe eomPshy Is libsrirg wi.h ext-ens
mbsrrassmtn could not fail to be produ,tivs ef e..
ng OF general disrust and di',stlsfactiop In .esio
MS course u policy, 1t Is unde.sto,l tb,,
he board viii present such strong reasons fer the
mission to divide up The required resources d. The com
any among The stockholders will satisfy the comma
y especially as their creditor, Of every Ie,,rip.iop
ave right to demand such an evidence Of the ,fsts,
eon'ry II has been admitted BY all that the ueraqer,o
be Erie Rsilr'sd Company have performed their ,rut
h 'he greatest skili and energy and having 50 done
le Puoe anticipate that they viii not prove ther, dives
'FeAc' "Hen The ciFcumstsnc-s II the csu5arv u,v
Pulfe so@s aisht petsonal sacridse--tha tsmoors.v
pc"ntinuarce Of dividends Ia the pecui,. ,;..,,gon
'Le Erie the omission % distribute oa,at No, T., ian.
af eontdenee Ia the stock but on The co,r,-y i,as
ueh 's The ird,b.ciness viii be Thereby ae,reasedt.
,'u's 'a1e vii b prospoctivelJ improved
ID Htumat'Dg the prcsrects Of TIE Efis Rarral
~" f" "sr in mind tka, large travel which legiu.