The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-10-28
FINANCIAL AND CONNER GAL



There quite buoyant market to day at the first
toayd and considerable activity prevailed among specu
lators The revival has doubt attracted good many
OPERATORS but the bears continue to sell freely time
any option, with full faith in the force of stringent
money market in depressing prc's We alluded, a few
SINCE to the fact that the bears ueny acted rashy
in folio wing down prices for certain fancy stocks to such
extreme points They apparently act upon the idea that
the lower stock goes the greater margin for further
decline During the excitement attending falling
ke sellers lose sight of the fact that there is turning
point, and that the cause which has previously
tanned them when largely inflated will arrest decline
at some point. Every experienced bear in Wall street
knows that two.tbirds Of the fances sustained
solely by the influence of supply and demand, which
is at all times working, with less effect
one way or the other. The bears frequently make
most serious mistakes in consequence of not pro-
pery considering this important element in stock specu
ton After great and rapid decline there is to
reaction but the bears seldom avail themselves of
the change. the bears should withdraw from the
ket when prices had touchedow points, and let the bulls
have the field to themselves for time there would soon
be better margin for putting out time contracts and
the fluctuations would, without doubt be oftener
mora profitable 1t is the height of folly for the bears to
attempt to keep the .Ot any
of time unless all the rami6catons Of finance and COM
seriously deranged and they attempt it now
they will find out to their cost, that they have made
great mistake. There is time for all things and it viii
be that it not the proper time sell fancy
stocks Short after decline ranging from ten to twenty
and thirty per can't.
The variations in quotations at the rst board to-day
compared with those current at the close yesterday
been follows New York Central bonds advanced 4
per cent; Norris Canal, ~ Canton Company, 4; McCul
loch Gold, q; Pennsylvania Coal, Il; Cumberland, III
Parker vein al Harlem, x; New York Central Railroad
4; Erie Railroad, q Stonington, ~ Norwich and Wor
cester, a; Reading Railroad, II New Haven, u. Pana
ma Railroad declined per cent
At the second board the market decidedly better
Erie Railroad advanced per cent; New Haven Railroad
"a; Parker Vein, u; Cumberland, * New Jersey Zinc,
Il; Delaware and Hudson q; New York Central bonds,
x. At the close the tendency upward.
The receipts the office of the Assistant Treasurer of
this port to-day amounted to 1907 o. the payments
$203, 1907 O2-leaving balance hand Of 81
AT %.
At the Mining Board to-day the transactions we're as
follows
500 do Conrad Hill bis 500 do Gold Hi}li bio
At the regular Board there sales of Potos Lead at
516, seller go days; McCullock Gold ga buyer 90 days
The Niagara's news has had no material effect upon
local markets The political do not throw
much light upon the Eastern question. Quotations for
cotton had slightly improved, with pretty active sales
Breadstus had partially recovered from decline pre-
viousy quoted, and the markets firm at the ad-
vance. We have nothing to report in American Sc
curities
In reply to the statement we made yesterday upon the
authority Of Mr. c. Vanderbilt, the Nicaragua Transit
Company have made the annexed official statement
OFFICE OF NICARAGUA TRANSIT COMPANY,
New YORK. Oct. 81 1853. !
To 1m FonoR or THE NEw York Hl,aID:-,
In tie money article in the HERALD Of this morning
The following statement appears
Il aSd s to an be-
signed Sc we assured P %pGn
tho 'sS IS n e.. 9ans
Company showing large balance due Mr. O. Vanderbilt to
!''sE .i5sh"A b..
The writer Of the above makes his statement ION good
authority as he informs It is true that ,itra-
nom ssna nsy W. been s "a Transit
proposed arbitration TO the company mode of settling
accounts between them To this the company have
objected but always insisted as they no in.
sst that Mr. should first render his account to them
that they night know whether Il anything set
Tie BY arbitration These accounts they have frequently
requested, and aterly, by formal resolution demanded
OF Mr. Vanderbilt. To this demand he replied that he
would furni h them they finished BY the
copyst In whose hanes they then Since then
account has been received from him. excepting copy
OF his cash book Full accounts have again been request
order Of the Board Of Directors TO which reply
mas been received Az the company have hitherto failed
In their Efforts to from Mr. v. account Of his
agency, they now formally request him to commence a
new suit against em by attachment of their property
or otherwise, proceed with that which has already
commenced and has repeatedly postponed the argument
OIL The accounts he win hen be compelled to produce
large indebted to them II is due to the stockholders
that this account should be settled the company
know OF no other way In which just settlement be
arrived at.
The annexed statement exhibits the quantity and value
Of certain articles exported from this port during the week
ending and including Saturday the 22d of October dis
tngushng the destination and extent of shipments to
each place
COMMERCE or THE PORT oF Ngw YoRK-WlHgLy Exroers.
LIVERPOOL.
Pigs Value. PIqs val,D
Cotton, tales. 8, s28 s235 1853 Books, case. SI6s
Flour, bis. ..7,2T3 59454 Clocks. .....1,1l7 $500
N stores. a, 1853 ii 1884 Hosiery ... | 1902
Rice, tcs...... 205 5,s37 Slaves Mo-. 500
Tobacco $50 Gum cks..... 2l0
Wheat, bus. 1G9, 0e6 24l, e91 Teas, pkgs 10 257
Cheese, lbs. ,552 2a40 leather, bds.. rs l603
Linens, ease. 100 Butter, fks. -. 463 5,933
nn1.I 80.