The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-10-27

among operators In ERIE. At the feeOn[.t
board higher prices realized than have been Anowr
for this stock for many months We have anticipated
this since the suspension Of the leading bear spesula
tors, and have doubt prices will 60 still higher A.
great portion Of the demand for Erie railroad stock
ms the past two three days has been caused by the
failure the part Of certain bears to deliver Fer
time past the bulls have been buying largely Of the bear
on time sellers option; and receive
they have at satisfactory advance sold time buyers
option, depending upon the bears delivering, 10 make
tood their deliveries Operations Of this kind
nualy going and the result in this instance would
have been the s-in ell others for the
down the bears This has deranged the eaculs-
Tons OF the bulls, and many Of them have bsen COMPEL
eat enter the market purchasers good then
contracts and In many instances where prof. had been
made (on paper) ciual loss has been the result
bear sss bull I've hundred shares of Erie Railroad at
ieventy Eve, sellers option sixty days Soon after
prices advance and the bull sells the same Ave hundred
shares q. eighty sellers opoR ninety days Prices
time 10 advance until sightyhree per cent is
the market price The bur eighty calls for bis stock
which eonpels the buyer seventy five call n to full
al his contract made at eighty when 1t is discovered that
the seller at seventy Eve cannot deliver This derangss
the whole connection and the seller at eighty e
eth responsible must 20 into the market and purchase
enough 10 OIL his atured contracts at any price Tue
recent failures Therefore created greater demand for
certain stocks than would have existed at this time had
there been derangemsnt in the chain Of deliveries
The effect Of this Erie Railroad visible in quotations
at the close Of the market yesterday but it is the i'm
preston among the hewedest operators in the street
that, soon as this unexpected demand ceasee,
prices will drop considerably below current rates.
This Is Of the many OF the present in
nstion in the market, and 1t is very important
We do not mean to say that there Is not specu-
latve feeling enough abroad, to sustain prices for
many Of the leading fancy stocks but do mean &c
say that influences have been brought to bear upon
Erie, which have given 1t greater upward impetus
than any other railroad security has expere Nearly
all the spectators in Wall street operating for
rise The bulls have the field ali to themselves and it il
In their power II they have the to hold all tho
stocks they urchsse to prices up any point they
psfe They initiate them at the rate OF three, four
five per cent day If they have desire to sell and
buy every share offered but when they into tbs
market sellers, look out for a grand smash. When
they have get all the stock and have raised prices to tbs
highest point they will be anxious to find market, and
then they will make the discovery that there buy
This Il the result Of all cornering operations. Una
bic 10 obtain prices required to remunerae holders
BILE to carry them for any length Of time, thsre viii b.
but left The bears will in for ther turn
anG the market value Of stock, will run down musk
faster than they have run up.
Operations In stocks during the past two months have
not changed the opinion have long entertained
atve TO the two great specuatng parties. 1. Is tbs
impression of many that the failure of Jacob Little
Co. the result Of heavy bear operations in the stock
msrket-that the differences in their shorts CREATE
than they could pay Th. is not The greatest
lofs experienced by Jacob Little Co by the deprs
citation in the value Of stock owned and held by the
house This very important fact. Blu. for this that
finn would have paid prom pity any difference growing
Ne
may appear 1t Ia strictly true There Is doubt but
that in the long run the bears out right. Tbs
feature their operations the fact that they bear
the market too much when IL is already sufficiently de-
pressed They get idea that the lower prices 60 they
must go still lower, and really appear anxious tc
sell at the lowest dip Ct the market than ct the highest
Tie future certainly looks favorable for dspres
sion in financial and commercial affairs generally than
for any important permanent improvement. Politics.
matters will aeitate all classes at home and
by disposed believe that the present peace
and quiet Of public aurs In Europe will continue
longer There strong indications Of approaching
vment calculated 10 create csutiousness the pert
Of shrewd observers Of current events.
There reports yesterday affecting the
dit Of three free banks Of this State viz the Empire
State Bank at Fsirport Franklin Bank, OF Chsutauque
County, Hartford Bank OF Harftr I'd, New York 1t l.
true that small amount Ct the bills Of each have beer
protes ted but 1t in consequence OF misunder
standing between the holder and the agent The protest
irregular and Illegal The issues of each bankare
secured entirely by deposits Of United States and New
York State Stocks and redeemed In Wall street a.
the usual rates Of discount
The steamship Pacific fr Liverpool brings four day.
later intelligence from sn parts Of Europe. The
mercisl accounts not important Ths cotton market
- -c. 49,: pic. ..c .csr Lower qeRitlee Of Ans
rcsn had slightly declined Trade In tine
districts was In satisfactory condition. We have
change to report In financial matters. There had been
an increase In the bullion In the Bank Of England and &c
expected that the Grea, Fair Lad closed
and the business Of the country resumed after the
mtrous Interruptions that ths weekly increase would be
steady by the latest advices from Paris gold 3s
per cent cheaper than In London. Accounts Ham
bursh show that gold oil per cent cheaper than In
London. This will turn the current Of bullion into the
Bank Of England.
Tie Georgia Railroad ard Denking Company have de-
clared semisnnusl dividend Of three dollars and ay
cents per share
Ten dollar bills purporns TO be the BANK Of Nev
bury Wells Rivei, VT, altered nom broken Micsig,r
Bank In circulation The vxnette represents thres
females, bearing horn plenty another having ir
her hand key while tbs third Is In the back ground
On the left Is female ngase bearing pair Of scales
with srow Of barrels, and maritime scene In the bach
ground The bill be easily detected ~ the letter
In Nermont which has the right band stem hesvy In
stead Of the left Il t. however we'll calculated 10 d.
ceive. Counterfeit Eve dollar bills of the clarsmout
Bank; (Nsw Hsmpshre) In circulation Cheek lstt.t
A. payable 20 Farwsll dated April Q, 1870. Signed
Urel Dean, Cashier Ambrose Cassit President Bxpers
ssy this Is the best cuneret they have seen, sac
necqueptly the most liable % escape detecti0s,