The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-11-23
FINANCIAL AND CONNER CIAL.
n ON EY MAR X T. II.

TUESDAY, Nov. 22-6 NJ
We have very little change to report in the stock
ket At the first be ard to day about tae usual quantity
Of stocks changed hands, and the transactions time
to about the usual extent but there seems to be
pause among spectators Prices have been carried up
to points ruling with great deal Of force and vigor
the part of the bulls; bu. there is evidently want Of
power sustain the movement without resting lime to
gather strength 1t may be that little while will suffice
to give petus the initiation but the advance
has already been large and outsiders do not take hoid
with the a,idty which holders anticipated This must
be great disappointment and may prove fatal to many
SPECTATORS, who have purchased far beyond their
means Some of the fancies in the list have ad
ysnc.d five, ten and fifteen per cent, which is enough
to satisfy any ordinary bull and it probably would,
If they could be realized. Thee is the difficulty
1t is impossible to realize present prices except
on small lots Of stock. Outsiders holding twenty
FIVE or Fifty share lots, sell at Current rates,
but the OPERATOR in the street cannot do So They
sustain the market by holding on and by additional pu'
chses would be very easy to predict the effect Of
any change in their movements.
The banks have freely advanced facilities for buying and
carrying stock securities and spectators have awaited
themselves of the favors beraly dispensed Bank
presidents and cashiers profess holy horror OF fancy
stock specuaons and of it would be the height
Of presumption hint that they in any way
connected it'll tae operations the day No would
fer moment believe that any bank officer directly
bought or sold fancy stock and it would not therefore,
be policy ssy These insttu ions only loan stock
securities That is the term 1t nothing TO the pres
dent directors such loans calculated to promote
specula on 1t is their business to loan money that
it be made at the shortest notice the most available,
and the brokers therefore their best customers The
in the market value OF the fancies is at
tribnted entirely 10 the abundance of money Offering in
"a ~
concerned there has not been the first factono
in actual value and doubt if there has not
BEEN in Of them depreciation. The advances is
tIely Of artificial character and must be sustained
artificial The banks dee ply involved the in
naon having employed large amount OF their assets in
loans upon the mot worthless fances 1t may be "impe
tLent in US to say or to NEEDLE in with the
internal affairs Of these i'm :ula Institutions but
have weaA that WY, end cannot help it, 1t may be
"mperrenti to expose their defalcatons and it may
be nobody's business outside of the banks what their
losses have been " but cannot help feeling that those
who have invested all their capital in tie stock of these
institutions and depend upon their dividends for her
daily bread have a right know something about the
way these concerns managed mismapaged; and
we skall coppLe expose every defacaon and every
delinquency invoking the capital Il tocbhoieIs ia spite
Of tie m-ntaiioi q; bank presidents here esewh re-
Tie yrtuoLs indignation bi,ei by the banks implicit
ed and their organs, must aenit looks good deal
ike injured il noceuce but too well acquainted
will tie cabre OF the parties concerned to bs stouished
al any eslibititn.
Tie tealcaioDs in the banks Of the state of New York
have been developed than those Of the other banks
named they cannot be disgased they are par
TALLY a n.ted An attempt At hrst maze to de-
cevc the public 10y directing attention to the robbery Of
bills from the counter, snls attempt made 10
shadr All losg hy In tho
investigate going n it would be well enough to let
know what officer in hat ms tuition held, a short time
since, thousand shares Of the stock Of the Ncara
qua Transit Company and at what price purchased
AID at what price sold This, however may be mper-
tneIt inquiry, and nobody's business outside the bank
but should really like TO know who pocketed loss
of ten dollars per share. As these questions
cred, have two three TO put, equally
important
The receipts at the office OF the Assistant Treasurer
OF the United states at this port to-day sl1 Oie III
paid, SOS, 16G s7--balance, 90, i09,5s1 So.
The variations In quotations for stocks to-day,
material At the first board Delaware AMI Hudson de-
clired 4 per cent Cumberland Coal, u. New York
Central Railroad advanced per cent Long Island Il
N,rwich and Worcester, "a; Reading Railroad, 1.
tlegraphic despatch from Baltimore announces that
the City Council OF that city have consented to loan its
credit for Ave millions Of dollars, the Baltimore and
Ohio Railroad Company.
The deposits of silver at the New Orleans mint for o.
tober $3.50 ooo for the quarter ending September
80 o00 The coinage Of silver for the quar-
ter was sso0,oco.
The fact to be getting generally admitted that
building railroads bonds has pretty nearly had its day
The Pitteburg Gdsete says
The signs of the times pretty clearly indicate that the
vine cE building railroads By means Of county and city