The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-11-21
= FINANCIAL AND CONNER CiA-



At the close of the market yesterday there was better
feeling ame spectators for RISE and the demand for
stocks quite active. Erie, NcarAgus, Cumberland,
and others, show advance compared with prices
rent at the close Of the previous week. The bulls feel
quite strong and full of confidence and disposed to
believe that they will manage to get up quite spscua
tive imitation between this and Christmas. They have all
the banks Of Wall street with them and any amount Of
facilities at their command in the shape of call l,ans.
The bears have for time past been steadily reduc
ing their contracts but there yet many oustand
ing for the comfort of those having deliveries to make
The incipe involved in this upward novoment does not
amount to much but nevertheless it mar all the
desired purposes. While the banks constructing the
market value Of fancy stocks steadily deprecated After
o reduction in the line OF discounts Of about fifteen
millions Of dollars, all drawn from the commercial
classes these institutions commenced losnng
largely on stock securities, and devo-
ing all their surplus funds to furnishing aid
to spectators in the fances This has been resortsd to
from compulson The banks have large capitals, and
must in way make dividends. They afraid to
discount business paper having fixed periods rum for
knows what week month may bring forth in
the n csl world and it ia deemed best to be prep, red
for any emergency. has therefore, been considered
the wisest policy to the funds which have accumu
lated in the banks from contraction Of the regular line
Amy amount Of money be obtained in that way The
banks actually begging for securities TO loan upon
1t is not to be wondered at that amidst such state Of
things fancy stocks should advance in market value
The bulls control any amount of MEANS and able to
carry any quantity of securities By by at
derate margins, small capital will go great ways in
Wall street just at this time and must be pre-
pared for important expansion in prices. 1t
would be folly for the bears to contend against such
Ia. h> hiatt Co.. o.Joaa
their contracts and quietly view the progress of the
imitation at a safe distance, holding themselves
in readiness to take advantage of the first reaction
Such is the probable of events in Wall street
and those who govern themselves accordingly will in
opinion make any very great mistakes That money
viii continue easy for time on the hypothecaton Of
stock securities there very title doubt but far
the of the mercantile classes concerned it will
contiI difficult to get supplied The banks
have not varied the movement in the regular discount
department. materially, during the past week In the
street the best business paper sells freely at per cent
month"; and the banks throw nearly all that is offered
by their customers. These ns buttons fairly enlisted
in the ranks of fancy spectators and had
better retreat into their dens and wait favorable
period. In the meantime, outsiders will pile up in the
hands of the street combinations AMI cques enormous
quantities Of stock AMI when the screws are turned
there will be of those terrible panics which have
frequently and suddenly taken the bulls by storm
Discretion the better part of valor and counsel the
bears to be cautious
We understand that Messrs Little, McJimsey Hoyt,
gentlemen pretty well known in Wall street, made an
application at the custom house. few days nce for the
condscaon of the steamers running in the line Of the
Nicaragua Transit Company Mr.. j. L. White appeared
for the owners and exhibited al the proper documents
lesaliziDg the SALE &C. 1t decided by the Collector
and Surveyor of the port that there grounds for
action and they stated that they could not interfere
either in furtheance hindu Of stock specuatioas
The expectation Of specie from this port last week
annexed:
SHIPMENTS OF SPECIE PORT OF New YORK.
Eark Carrier Pigeon, Eiminer, (Africa) hex-
lean dollars ....................... SIS 900 90