The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-01-12
SUNDAY, January 1t r. N

SUNDAY January ll-eP W.
TIE report Of the stock market the close yesterday
not favorable holders ef the fancies doubtless
desire The appearance Of things in Wall street the
early part Of last week, rather encouraging and
ndicstions were decidedly in favor Of improvement
in prices for stocks generally For day CT two ad
vance realized and class of buyers fer
ward and chased largely This relieved many large
holders and gave strength to the market The
element thus far has been rather sicky but have
hopes that it will gradually gain strength and pref
~ high before collapse takes place. We have been
long time without anything Of nseouence stock
market We nave had bank panics specie panics-eve-
rythng but fancy stock panics Before we shall he IA
vored with q those desirable little episodes an in
fstion must take place and speculation run riot for
time All this viii, before the lapse of many days 10
realized. Money ia getting cheap and abundant. The
fact tina: bids amounting to nearly eigh. nilicnso
dollars put in for the last issue Of Erie railroad
convertible bonds, shows plenty money be.
As the advances capital will become active
and the spirit Of speculation become more extended.
Activity in al the legitimate branches of trade os1sy
creates tv:y IN every species ofspecuation and
prepared 10 movemen. made that win change the
position and condition q ain parties in Wall
most materially Holders Of all the small priced
stocks will without doubt make great deal Of moRey
They have held Iong and patiently and in many in
stances an advance Of several per cent viii oriy s-ce
to liquidate tie accumulation OF interest.
The steamship Daniel Webster from San joan t..ngs
ten days later from San Francisco and half mill
lion of dollars in gold dus. freight and in the hands
Of passengers. from California adyces continue
fav orabe The mining intelligence highly encouraging
and the prospect better for an INN pro-
duction The operation Of the quartz crushing ma
chimes had been successful and the result Likely
to be greater than the sanguine had anticipated
Whatever expectations have been formed here else
where, relative 10 the supply Of geld prolced in and
exported from California during the present yesr s52
there is little doubt out that they will be realized
We have alluded several times to the policy Of the
Reading Railroad Company declaring dividend wner
large floating deb: in existence, and when the
most runous naIceriDg WAS requir red to keep up the
credit Of the concern. We have condemned this
policy in any and every incorporated company, and
shall being most disastrous to the interest OF
stockholders generally. In relation to the Reading
Railroad and the dividend just declared the Thacsl
pha North .4u91cGn states that " the common stock
boders have been long expecting dividend ard a.
though the company owes floating debt yet, as this
has been incurred by the purchase the stste -oaa,
properties at Richmond Broad street &C. and n
other important and permanent improvements this
debt should properly be road accom-. 1t
is the opinion Of that the money ap prorated to
pay this dividend should have bsen applied re-
ducton Of the floating debs and that if any dividend
were paid it should have been paid in stock Iot
company has long since determined not to increase the
amount Of its capital stock and in view Of the pros
perous aspect Of the coal trade upon which road
is mainly dependent it was thought that the Il 1asng
debt could be nQudated of the surplus earnsgso
the road and other OF the company svssbe
during the coming year.
The Long Island Insurance Company has declared o
semi annual dividend Of five dollars per share The
Delaware Bank Of Delhi has declared semi 81 d.
videud Of three and half per cent
The receipts Of the New York and Harlem Railroad
Company, upon the line from New Yora to Dover Plains
eighty miles for each month in each Of the past four
years as folows viz None Of the receipts beyond
Dover Plains come into III ese monthly statement.)