The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-12-22
r FINANCIAL AND CONNER ClAs-.
NO EG M AN IL f. y.

WEDNESDAY, Deb 2l-6PM.
There WAS material change in prices to day. Mica.
closed at q at the second board but there
little oGerins at that figure Erie maintained at 7s
to 1917 New York Central wayered but finally settled
down At about the same price as yesterday. Hudson
River adyarced the closing price for cash yesterday
&C.; to-day it sold 1t 67 seller three Harlem advanced
"a Reading rather more than ~ Florence and Ksyport
ri Cum berlAnd Coal Il. Delaware and Hudson sold at
los for cah without the divdsnd yesterday the same
figure paid for stock, buyer sixty Michigan
trail and Long Island stationary at 1857 and 80
respectively Al will BE- elsewhere, the tendency
Of mining stocks is downwards.
II must be borne In mind that within the last few
weeks very large and general depreciation has taken
place In stocks This depreciation has not been attend
Cd with the usual consequences of decline in stsck
viz failures in Wall street. The heavy losses which
have been sustained have therefore net fallen the
brokers and regular operators. They have been mainly
borne BY outsiders 1t may be safely assumed that four
out Of Eve Of the outsiders ho in the habit of taking
"ayer' in fancy stocks have lost money within tas
last few weeks The natural consequence Of this Is
the Withdrawal of large amount Of capital from the
board and the conane emit OF operations to tho brokers
and their immediate friends This established, 1t fol
lcvs ally that whatever Improvements take place
ay be fairly ascribed 10 successful eorner' among
the BROKERS' and must sventusy give way and be sue
ceeded by Q decline Nicaragua, for Instance, which
now commands 2735, was sold Eeme Tina age below II
Eas any hiss taken place to which this rise o.
thirty per cent can be attributed? Nothing Whatever.
On the contrary accounts roM Nicaragua By
favorable 70 the comp any, and hold out very ugly
prosse is for its future 1t may and probably viii, sac
coed in its arbitration agsnst Vanderbilt but after
this eope has still to pscfy the Nicaraguss govern.
men and pessats the State for the Of the pre-
canal The rise is solely due to the management
of the stock by few shrewd operators and the moment
they relax their efforts nothing to prevent its
falling to its former level.
The City Bank Of Rochester will declare dividend Of
ten per cent payable "a January This mskes the
pgs Of the bank for the year. teen per csnt-ths
amount ~ 1t paid last year.
The oseechss Plank Road Goa pAny, s.,) has declar
cd dividend Of 81 per shars for the lat six months
The receipts at tas Office OF the Assistant Treasurer TO-
day. amounted to sla7 e2o paid, $780, s5 s5-balaucs
- co., 523 TO-
There has not been much done in dry goods during the
past week The approach Of the Christmas holidays has
diverted attention OF operators and these decline
tive movements till the beginning OF nsxt month
While The stores Of merchants being rapidly
stocked With seaonable fabrics and by the time that
country dealers shall bs coming forward in large
bers there will be ample and attractive assortment OF
goods on hand which cannot fail to command ready
sale at satisfactory prices.
Brown ahestngs ard sbirtngs quiet ard unchanged
Besched sheetngs and 5hirnes are kswss Inactive At
old rates Cotton hsnnsls have not varied Dsums are
moderately inquired for and rule firm There is fair
business doing in drills at steady quotations. Duck In
measre stock and good request at figures Fresh
styles OF ginghams sought after to extent at the
advance previously noticed. Lawns and nankna are un.
altered. Osnabursa rare and rather inanimats but
extremely frm Printing cloths not over abundant
nor ia brh demand, yet un,hasgsd in price, Prints
Iersan in slack request 1T old rates We have hoard Of
important operations in stripes tcks suooined is
statement Of the hpmsnta hence Of cotton
GOOD. during t. alye uoutha In dsta af.