The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-08-13
COMMERCIAL AFFAIRS.


THURSDAY, August 12-6P N.
There is nothing in the stock market to-day eK-
cept little buoysncy in of the smaller class
of ascies just previous to any speculative
These small stocks become active and advance several
per cent before the larger stocks at all This gives
them better chance, and gives all fair chance for
good start This activity among the lowprcsd securi-
ties o favorable indication and have doubt the
larger ones will follow 1t easier to move little
thing than great and thus speculatsrs Of limited
means realise handsome profits moderate outlay Of
cspita which gives them strength and
to take holt Of operations of more magnitude If small
speculaors would confne themselves to small operations
in small stocks they would make money and meet with
fewer In dealing in low priced deprecated
stocks 1t matters not much whether they really
good for anything not-there is q small margin for
II they go entirely out Of sight the loas is only
about two three perhaps five per cent and several
hundred shares be carried for thousand dollars
This a general thing, would the whole loss,
while the advance has not such q limited margin. A
small stock may go two and three hundred per cent
while ii only fall one hundred. small advance
pays large per cent proft-perhaps five to ten times
the interest the money invested in any other way
The inducements to operate in these stocks there
very great and there is very little danger of any
being ruined by specializing in them for RISE to
moderate extent.
At the first board Delaware and Hudson advanced 4
per cent; North American Trust, u; Nicaragua, al
Canton Company. r.; Florence and Keyport, 81 Erie
Railroad u Harlem, u StoniDgton, Il; Long Island,
4. There a small sale Of st, Lawrence Mining Conn
pany at at the close and three quarters Of
ftred and two asked Four offered for Montgomery
Mining and four and quarter asked. There no
transactions in Ulster AS speculation common
ces there will be- without doubt considerable activity in
r;rp uto. 10 nrrh ANN True Auctn "a
largely from day to day few days it selling at
ten per cent after went up nineteen then down
to fourteen up again to twenty and three quarters
Next week it may be down to ten again up to thirty
1t is dangerous stock to touch in any way either
buyer seller. Harlem Is steadily improving. 1t is
about time. Without doubt 1t is the cheapest railroad
stock on the list 1t is the opinion in the street outside of
the bear cque that twill reach eighty per cent within
the next ninety days This is not extravagan for its in
tnc value at least ten per cent above that price We
notice sales of Florence and Keyport time buyers op
tion to some extent. This looks though the bears
had opened their batteries upon it. In other stocks there
is no feature.
The sales of city bonds to-day at the Exchange not
very successful OF the S55 600 city Of Memphis six per
cent bonds but $4,000 sold averaging 80 22h per
cent The $40 City of Sanduiky per cent bonds
oil sold at average of 81.41 per cent. OF the
$12 coo township Of Huron Ohio per cent bonds
only goo Sold at average Of 7S66s5 per cent
These bonds of different character to those
capitalists have been In the habit of dealing in They do
not to understand their merits well railroad
bonds.
The sales of bonds of the Buffalo and New York City
Railroad Company has been postponed to the 10th Of
September This is good 1t is too early to
put railroad bonds on the market.
The earnings Of the Southern Michigan and Northern
Indiana Railroad Company for July last amounted to
$73s39 3d. Of which $5672 40 was from passengers and
mail and $23l67 SO from freight This is, believe
largely in excess of the companys estimate.
The following is official statement of the tolls collect
ed all the canals of this State in each of the following
years, viz