The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-12-11
FuAHCIAL AND COMMERCIAL.


FsIpAv, Dec 10-6P. n.
Notwithstanding the activity In the stock market quo
tsso~s 10 DAY mot sustained. The inquiry fer the
leading fsnciss from outsiders is rather increasing and
stocks generally are much better distributed This Is
v,ry favorable feature and viii materially to
tain prices For many months past stocks have been
hsA In the street large blocks and the brokers have
not only had to carry them most OF the operations
have been conned to the street Fortunately an easy
noasy market has made easy to carry large lots OF
productive securities and the market value did not for
ierg time vary much. The recent speculative movement
has brought In large class Of outside orators and the
brokers have been considerably by tho large
eAes they have made high prices Usually when the
street Is pretty clear Of stocks the brokers make IN effort
t. get them back again low prices and they commence
hammerng them by puttns the screws upon the money
market, calling in loans aud selling short TO great ex
cent. This compels many who have hypo,hecated to
realize and ms the stock out the supply in the
street increases This with decrease in the number Of
purchaers soon confirms strengthens the downward
movement As it progresses, the brokers supply them
selves with only sufficient 10 meet their maturing CON
tracts until the lowest points touched, when they
come in, and, by heavy purchases turn the current
upward and commence a speculative movement again
that will lead to another imitation. 1t is . beauti-
fh game, when played with spirit, and by those
expsrieaced 1t is more Or less than buy.
ing at low prices and selling double the quantity
ut the top Of the market. A steady adherence to
this rule must produce rich result As . general
thing outsiders operate upon system just the
They bay at high and cell a. low prices They generally
rush and purchase largely at the ouminstng point Of
q speculative movement seldom realize moderate pro
t and, In holding too long lose large portion Of
the principal employed in the original transaction
With Ill the sxperis operating for many years in
Wall street gives very few brokers speculate upon
proper principles and the consequence is that not in
hundred resres With fortune. There is hardly bro.
ker in the street who has not sometime during his
career failed Many nominAlly rich to-day, who
will be bankrupts within the twelve months specu
iAtor In stocks who fortunate know whsn TO
stop Thoee who unfortunate, find the end OF
their rope.
At die FIRST board to day the tendency OF prices
downward. Canton Co declined per cent Penn. Coal
Co.. III Cumberland Coal Go u, Dsuphiu "a; Rts Rsil-
road ri Harlem. n; Hudson River Boads, second mort
gage III Norwich and Worcester. 4; Long Island IL;
Hudson River q Morris Canal advanced x per cent;
Phoenix Coal Co. 1; Nicsrssus Transit, u; New Jersey
Zinc y There sale OF ten shares Crystal Palaces
Btock to day ut 20 per premium. Ulster Mining Co.
sold at the first board 10 per cent This is the first
sale have noticed Of hi. stock for long time and
when stock is put the market it is where holders
compelled to realize The prospects Of this company
greatest confidence in its being ultimately enormously
productive AT the second boaId there . slight i'm
provemsnt N Of tho fsncies. Phoenix Coal Co I'D
vanced Per cent; Erie Railroad, al Montgomery Min
ng u Morris Canal declined Il per cent; Erie Bonds,
1s7l x; Cumberland Coal H. At the close tho market
was active, but not firm.
The receipts at the office Of the Assistant Treasurer Of
this port today amounted to ss7 600 90 payments,
$1o6, 400 eo-bsance, 50 4s6 4se Oa
The East River insurance Company hiss declared .
semi annual dividend Of five per cent. The New York
aad Virginia Steamship Company five per cent
The dsmasd for foreign exchange has been quite active
TO- day without change In rates We continue to quote
Nils on London at 10 II 4 per cent premium on Paris
k1S2t aMlih Amsterdam Al 4 H1s Bremen, 79as
30 Hamburg 3e5s 3sli The steamer will take out
slarge amount Of specie. Engagements have already
.esn made for upwards Of half million.
The arrival Of the steamship Hlinsis, from Chsgres
bth two and quarter millions Of gold dust from Call
fosaia board is anxouslJ looked for Such large
accession supply Of specie cannot but have very
favorable effect upon financial affairs generally.
The Cscasati HILLSIDE, oush and Petersburg Railroad
Company have advertised for proposals fer the grsdus
ton and masonry Of the middle division Of thst line
aSout Afty six miles in length. The line will be ready
Tor examination early January This ine being favor
have doubt there viii bs great competition for the
work An advertisement giving further particulars will
be found in another column.
The mpcrtstons into this port to day December 100
have been as follows -
Coal $50 tons. dryeoods 272 bales. per Constitution;
drues "a cssks soda aeh iron 2i0 pig 1921 bars
rsrosd Is s2T bars 3276 bundles l0& plates 4sl bun
dies sheet l4S do hoop; % bags; steel Al cases.
tin, i 6I0 boxes tin plstes wool, 81 bags
The Little Misni Railroad Company have declared
dividend Of per cent for the last six months, and
have a surplus Of hundred and twenty-five thousand
dollars In
The deposits and coinage Of the branch mint OF tbs
United States at New Orleans during the month Of
November have been annexed
NV ORLEANS MINT DEPOSITS AND COINAGE, Nov. 1852.
Deposits
California gold. .SozI 70. eo
Silver parted from California gold 1853 is
Snyet from other sources. sooo 10
Total amount Of deposits .ss4e44s o.
Coinage.
Gold quarter eagles 90 GOO S155, 900 90
Do double eagles. 10000 do. ......,.... 100000 90
Total. $4,000 do $685., 600 20
No delivery Of silver coins.
The operations Of the New Orleans Mint, added to
tboee Of the Phi adelyhs Mint show aggregate gold
lepoet from January to December l. Of 81, 4ss.
The receipts Of the clevelsnd Columbus and Cincin
natl Railroad Company fer November 1852, were
$sl422 IL
For the corresponding month last year,. 1924 IL
Increase Sofloo ~
The fiscal year Of the company ends 3lst January
dividend will be declared in January,
A dangerous counterfeit the City Bank OF Newark
Is In circulation 1t Is dollar bill altered to Ave-
;rIv~ ksvo