The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-01-15
81 ID " j. Y M A IL X f. Il.

The stock market continues quiet. Prices remain
without material alteration Speculation has died away
and revival will be difficult second time tn IN
the iiTst The leading railroad stocks have been very
weak for the past two three days. and holders have
teen trying to put them OF without depressing prices
much They have succeeded much better than we anti
cipated. Reading and Erie, since the dividend, have
besn freely offered and have been steadily settling down
in prices This shows the effect of declaring and paying
dividends earned. It shows that srewd holders
themselves 70 get rid of stock, the moment
dividend not earned hiss been paid When the four per
cent dividend on Erie was announced the stock was
selling st 81 per cent dividend of would nave reduced
the price to g. Sales made day at TX, show
ira decline Of 81 per cent. When the three and
half Yer cent dividend on Reading Railroad
declared, the market price Of the ttock 6l-diy
dend OF would have reduced it to 67jz. Sales
made 70 day at 5eta, decline OF II per cent. The
thing occurred in Norwich and Worcester aad the
result win be realized in any and every doubtful
stock II impossible to make sensible shrewd people
belize that these railroad companies the dividends
they declares but there are enough who have the most
perfect confidence in all statements and reports emana
ing rsm railroad managers and directors to take OF the
ksndf Of the cautious all the stock they wish to
dispose Of These who had sold Erie Reading Rail.
road, dividend op, would have made good moye and
flour advice had been generally taken large por
,iop q the shares the rket would have changed
hsnds. As general thing it is best to sell fancy stocks
dividend on They dspreciste so rapidly afterwards
tha, tbose who have had much experience invariably
clear on. soy share in advance With really good stocks
The is different They fall or just about the div-
eud and gradually recover the previous market pice
,ssin.
At ars. board, to-day, Erie Income Bonds declined
= per cent; Morris Cspal n; New Jersey Zinc Co, :.
su-s.z Co., al Canton Co, i. Norwich and Worcester,
81 Readiog Railroad, x; Erie Railroad, IL. Harlem
Lac been pretty firm for several days past and holders
,ee disposed TO put their stock the market than
have notccd for long time. The recent report OF
he company has had favorable influence on the stock
Il dividend will be declared the first of February.
What he effect will be remains to bs The fall in
New jersey zinc and Sussex has been caused by large
amcupt being held in such way to be in danger OF
coming on the market any moment. Whether IL viii
ret is doubtful This fact has had uniavorabis in
LUeEce upon prices, and nsy depcess them sn
The receipts at the Office CT the Assistant Treasccr CT
:fis port, to-day, amounted to S79il7 2i payments,
ss3o5s 15--baance, sI7752l91i.
The demand ior foreign exchange ~ remittance by
lie Africa, to-day, only TO amolerae extent We
have alteration to report in quotations TIE steamer
carried out s6Go2b3 in specie principally in American
geld This is about the amount anticipated The
yysnkn, Saturday, viii take ont similar amount.
The Merchants Clerks sayings Dank has declared
dividend payable the 2oh inst at the rste Of six per
cent per Of one thousand dollars and
der and st the rate Of five per cent on larger sums.
tie value CT merchandise, etc, imported into tie
~: Philadelphia anl tho amount CT duties collected
Ia each Of tia past I've years, were as annexed -
ccNNxs,s q THs PoRr o. PgrIAprtrHI,--ImoRr. ."o
FN.