The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-02-09
NJ ON Ely MA IL X f II.

SBSpAt, req Sd Il. N.
The week Just closed has not developed any fea-
ture III the stock market With large sales daily prices
the yesterday about the those cur
rent At the close Of the week previous The o.
this lie the absence Of outside speculaors The only
fancy in which there has been any inf alton Of
qUence is Reading Rslrosd and, by the combination
Of several strons ciqrss In this city and Philadelphia,
speculation has become quite active and the prospect
favorable for greater expansion 1t Is reported that
large amount of Eugh capital has been employed in
the recent movement There Is truth in this bat
the statements that large quantity OF the stock has
lately been to London and that it viii hereafter
b REGULARLY bought and sold the London stock TX
change without foundation. Most Of hi, stock a.e
" sold in this market has been sent to philadelphia
where will probably remain until the bubble bursts
When Il will back a. greatly deprecated prices
Spectators In Boston and Philadelphia frequently
Hsve holders Of certain fancy stocks in this market
high prices and operators here frequently get than
back sgsin at low pri,es Reading, Norwich and Wor-
eester and several Of the smaller class Of stocks have
frem time 10 time been nonopohzsd by certain cques
IN each Of the above named cities With the exception
Of Reading the bulk OF all the Leading fsncier held in
Wall street, and they likely remain there
outsders not disposed TO touch them. 1t may be
that prices not high enough. They do not like TO
touch fancy when It Is low and cheap. II fancy
stock active they will have nothing do with IL
and t. therefore h necessary for holders in the
get mp imitation and get the market active before
outeiders will take hold As general thing, they
in the height Of e1psp,iou and when the collapse
takes place large lots Of fancy stocks remain in their
hands At high prices The present in Reading
shsvs this few weeks since that sto.k selling
Atty fifty two per cent At those prioes OF
Wall street would touch IT, and the sales in the
amounted to only few hundred shares dsily. Since
that time prices have advanced fifteen per cent and the
~les have increased ihree and four thousand
shares per day In the face Of this improvement, In
market value, the intrinsic value has been
pidly depreciatng The traffic the road for the
fret two months Of the present nscal year, Ia,
been only about half that for the corresponding
period last year 1t Is well known that out Of the last
years business dividend OF only ihrse aud half per
cont wss aeslsred and not that small amount
actually earned These facts are however Of ueiyht
nov. No thinks Of investigating matters during
excitement in the stock market II ia only when II j.
ate that these things soDrncc outsiders What
they have made Of themselves A eornerinS eombins-
on properly formed and carried out be affected
By any svosc OF roenness corruption any further
than in dctcrrpg outside ,peculatoTs from involving
themselves In the movement An unfavorable exhibit
may compel those originating the TO carry al
their stock and to buy 10 sustain prices but
injurious effect upon prices will for the time be visible
The demand for stock will continue active and the in
nssion appear natural and permanent. 30 long the
clique continue To buy, long viii prices improve or
least be sustained but when they buy no longer
when si efforts have failed TO attract outsiisrs~hsn
holders find thu burden heavy to carry AMI
viii relieve them Of portion Of H. their vaus
ton II become. contest between ths parties most
directly engaged which shal get out GSst. panic
takes place among holders sni prices down much
rapidly than they up In saoSs tune lover
depth than that they sartei from reached add thus
ends the bubble Reading Railroad now the football
few weeks since Erie Railroad the great GARD and
no enc Interested doubted prssendei % doubt but
that would touch par Al he time W heard points
named rome distance shows par which II sure 20
reach we predicted rernlt precisely similar 20 inst
realised and We tho same prediction relative
"a Reading Railroad.
Ia other stocks, there noF-uent 81 consequences
Most o. the old holders grio RAILROAD hsvs sol ous
~ their stock and cannot look FOR another eps
culatiss movement until tRey ,en. into the marxr.
again ~ purchasers Harem Is the most curious stock
on the list RI DOES vAy much in prices from week
70 week AID thefs |. actively among operators We
comptoI Ia as dsgs relative 70 the position tbs
siocR aud the ssusss CT tns tprssson That good
investment prvtent prices j. beyond doubt but
there may be- expaptoa IL The market value for many
daJs Long islapd IL steadily moving upward Very
little stock is p'essrg upon the market aud es there Is
greet opposition 70 moderate limitations ron the bear
party rrsfest holders may good profit We be-
Hove he rofd s doing good business, and ttwe init
natsiy acquainted with the afars 81 the company
alder !. chop ttoch no-yAs Ja.sl for osyca Aays