The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-05-17
FINANCIAL AND COMMERCIAL.
MONEY MARKET.

TUESDAY, May 1852. NJ
Thesstock market took the back track to-day, and al
the ancies fell off nearly much they had advanced
during the previous three days Quotations rule
about the same as at this time last week. and the mar
ket has all the indications Of another depression The
fact is the bulls have no backbone They have no
strength TO carry stocks and what is more have no dis
position to enter into speeulatons The market is com
petey bare Of Spectators for rise We do not see how
the bears contrive TO put out contracts one half the
extent reported None Of the brokers believe in an adj
vance in prices. We have not seen good strong bull
in Wall street for weeks and have been the lookout
for some sanguine Spectator for rise who could give
some plausible sensible why fancy stocks should
improve; but We have looked in vain If there are
any bulls in the market they keep very quiet, and
operate silently At the first board to-day, Canton
Company fell OIL u per cent Illinois Central Bonds, -
New York Central Bonds, 1s Nicaragua, y; Cumber-
land, New York Central Railroad, Il Stonington, IL
Erie Railroad, 3s Harlem, 20; Reading Railroad, IA
Cleveland and Toledo Railroad, "a. The favorable bank
returns for last week have not been sufficient to sus-
tain the stock market The decline day and the pre-
vous depression have not been caused by strngency
in money matters, for the supply of capital is abundant
as shown by the increase in deposits The depreciation
in market value has been brought about by gradual
disappearance Of confidence from the public mind and
the general distrust that exists relative to financial
operations of all kinds.
After the adjournment OF the board the following
Of stocks were made at auction, by Simeon Draper
1000 Great Western (lll) R.R., LIST mortgage, in
a, oo eres' aaoeu g1s
100 shares Madison, indianapolis and Peru RR .. u
sc do Canandaigua and Niagara Falls RR. ..... 5
Also the following securities payable per cent day
OF sale and the remainder with interest six per cent
per annum, on delivery of stock LIST of July next
200 shares Canton ACKNOWLEDGEMENTS. 81
20 Cumberland Coal Co 293i
800 New York and Erie Railroad. ............. oS1.
~ neauhe naroau ......'... ............ I55s
,oo ii.ieh isahroau OBSERVATION-DISCLOSURES. ot9d
l4o Cleveland and Toledo Railroad .......... 939s
The steamship Africa, from this port for Liverpool
morrow (Wednesday) will carry about half million
oil Specie and 1t reported that the steamship Wash
ins'on from this port on Saturday, for Southampton
VIII take out nearly million. The total shipments this
week will be very heavy.
The following gentlemen this day elected drec.
tors OF the New York and Harlem Railroad COMPANY for
the ensuing year:-George L. Schuyler Charles Denson
Nelson Robinson, William c. Wctmore Thomas W. Lud-
low Robert Schuyler, Richard NJ Blatchford Gouver-
neur Morris, Henry R. Dunham Philip Dater, Isaac E.
Hayiland, Albert j. Akin, Henry s. Batchford. Mr. II.
s. Blatchford and Mr. T. W. Ludlow new directors in
place Of Messrs. Barker and Dement, resigned
The Mining Board active to day, and some stocks
improved Lindsay was firm at 4; Ulster held at q
Gold Hill at T. The following were the bids