The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-11-15
+ FINANCIAL AND COMMERCIAL,

MONDAY, November l4-6 Z

MONDAY, November l4-6 p. II.
Tho stock market is rapidly becoming stale Eat, aad
Improbable. The transactions about usual
extent, but the fluctuations to-day moderate
than we have noticed for weeks Central Railroad
bonds declr ed at the first board per cent; Michigan
Central Railroad u. Cumberland %. wen up 4 per
cent N. Y. Central Railroad, al Hudson Railroad, n
In the other fancies there change. It will be
by the official report of ales that the time opera
tons principally buyer sixty days. Railroad bonds
were freely offered to day at lower prices Cumberland
Nicaragua and Erie Railroad form the staple among the
ancies Of the street just at this time 1t imp ,ssbe to
tell whore of there may be arred combination
prices be nomnaly advanced to points above those
reached during the previous imitation There however,
Admit to even this artificial sxpan iou for outsiders
hhe To realize tie moment prices are high enough to
ape tnep to do without loss and spectators in the
street therefore In danger of increasing their supply
at greater market value instead Of decreasing 1t BY the
appearance Of class Of purchasers. 1t is i'm
preston that the turning point has been touched The
rise recently realized we anticipated the moment the
banks commenced letting out loass call. The effect
was clearly to be Most of the fanses have ad-
vanced five and ten per cent far the reported sales
concerned; but do not believe transaction in
fifty has been bonafdey to a outside or inside
party There is real foundation for this
and it Cannot be otherwise than temporary The brokers
cannot carry the aket entirely their shoulders
outsiders not be induced to take hold at prices
the brokers mus. let them down SO as to make it an
object.
At the second board, the upward movement continued
with considerable force Parker Vein advanced a pe
cent; Gold Hill Mire, a Penn Muc i " J. Zinc, X;
New Creek, u; Harlem, =. Nicaragua Transit, q. Cum
berand Coal IL; Canton Company 1; n. Y. Central
Railroad, Ia; Erie Railroad, 2i; Hudson Railroad
n. pood; RoiIr n
road, Al Delaware and Hudson, -; N. Y. Central
Bonds G Erie Bonds 1911 l. The three leading {. nces
were largely operated in at the Improvement and the
bulls decidedly in the ascendancy. Give them rope
enough &C., Is maxim that applies particularly to
operators tor q rise in fancy stocks.
The receipts at the Office of the Assistant Treasurer Of
the Unitet States, at this port this day. Move oer H.
were 1892 600; payments, s57,lOe e2>b,,anse ssl2l
$40 AZ.
The steamship Baltic from Liverpool brings four days
latter intelligence from Europe. Her poicsl advcss
important and interesting; bat neither the financial
commercial accounts vary materially from those received
by the America. Quotations for cotton . little
lower and those for breadstufs little higher Cot
ton dull Of SALE while -four and in activ
demand at improving prices. The drain OF built, still
continuesthe decrease in the Bank of England for
ending October 22d having been s301 el6 Consol
were quoteu on the oSt OF octooer ~ VI per cent VI
the WHOLE the commercial advices rather favorable
| than otherwise.
! The earnings of the Harlem Railroad Company from
January LIST to November 1st 1853 amounted to $751;
225 49, against $40 81 for the spending periot
Ia 1852 showing in the first ten months Of this ear II
increase Of $176,s21 OF.
The earnings Of the Mad River and Lake Erie Railroad
for the month of October in 1852 and 1885, were as fol
/ lows - 1852 1853.
Passengers. $15, 297 O3 $25, 1877 q
/ E,oiO