The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-03-05
FINANCIAL AND COMMERCIAL.
M o N Il Y ~ A II X Il r..

THURSDAY, March 4-6P n.
There was pause IN tho stock market to dsy. Quo
tstion for all the leading ancies fell CT at the Tst board
This decline is attributed several causes The only one
We have any belief in h that the market from
isownweight Many heavy holders adean effort to 70.
aze but theywers compelled to withdraw and from SELL
ers turn again to buyers to sustain the market The
bears doubt awaited themselves Of the opportunity to
realize email profits as 1t generally rule for them to
make good return when they cam instead Of waiting
for . wider margin Before the lapse Of many days
those who large holders Of fancy stocks viii
be on the other side Of tho house, and openly
appear as bears, there ehould be any demand
for stocks 1t ID our impression that at this moment
many who appear in the arket bulls are in fact BEARS
that they secretly cell time for cash. thou
rand shares where they buy hundred shares This Is
frequently done fer effect and the deception sometimes
continues for weeks before the humbugged outsiders
find that they have been following a shadow Read.
ing Railroad stock ct H. and Erie Railroad at 81 are
about a. extravagant prices possibly imagine
for anything tho value Of which Is of such doubtful
character 1t is extraordinary that men can bs found
reckless enough to pay much for thing than 1t
H. or ever likely to be, worth Spectators in fancy
Stocks laborirg under intense excitement hardly
reaze what they doing until 1t lie too lats They will
get their eyes open of these days nna wonder how
was possible fer them to be deceived Wall street ex-
ruins those who purchase It,
At tho FIRST beard, to-day, Eric Rsroad fell of per
cent Reading, l; Harlem, II Norwich and Worcester,
III; Morris, u. AL the small fsncer were pretty vol
sustained. The news from Europe, by the steamship
AmeIics, o. Halifax may have had slight depressing
influence The commercial accounts from Englsni CON-
nue favorable but political sdyiccs are of more unsa
vorable character. There Is however, nothing ia tho
tegrsphic accounts calculated to creste any alarm In
financial circles. Public affairs In Great Britain and on
the Continent are In very unsettled stats. and no on.
can tell Whist tho next twenty four hours will brrg forth
1t ia best to be on tbs safe eide.
The receipts at the oce Of the Assistant Treasurer Of
this port day amounted to Slsioso; payments $685.
s7S 63-bslsnse, S22os $40 rs.
The amount Of Treasury notes outstanding on ths
lit instant was Sl696 o. Of which Sl34sll "a Of
the issus prior to July %, 1885,
The operators in Reading endeavorng to impress
the public through their organs In Philadelphia with tn
belief stock Of the Reading Railroad has been In
troduced and dealt In the London Stock Exchange
We However, zee no indications Of It, there are NO
quotations OF tho stock emanatng from that source
We are disposed to doubt the assertion The British
public apt to deal IN foreign stocks until they nay
dividend upees the scheme originates and the manage
ment exists In England Is the In the gold min
ing companies They do not take hold OF dsprec,sed
stocks but prefer those that bear hiab prioe from,
whence they come The ntful and uncertain returns
which the Reading has from time time given to their
stockholders arc not inviting to buyers for
investment 1t IS about ono of the most iuprobab,.
stories ever put noat that the Stock Exchange In Lon
don was about dealing In New York. Philadelphia and
Bosten fancy stock We do not deny that some Rsad-
iDg stock may be held in London certain concern In
Ills city sone time sincs helped some Of their London
friends with Reading bonds and stock, which have been
venly held ia the hope Of getting return for the in
vsitnent The London stcry Ia simply this-no noore;
When joint stock companies ara really trsnssoting
profitable business ha result OF their SUCCESS te.n in
the dividends Of money given 70 tho .tockhoIdsra
and tho corresponding high price the stook bears In
public estimation. Past enibarrsssm.nS wear away b.
foro changed and improved aspect OF affairs sna
toehhoders are relieved from doubt by tho assua de-.
crease of Indebtedness and gradual augmentation Of
the annual income. But ia the case OF tas Reading,
the indebtedness secumulates and It Ia not seen but