The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-11
FINANCIAL AND COMMERCIAL.


THURSDAY, Dec. 10-6 p. NJ.
There is nothing in the stock market The trans
actions to-day little larger than for some days
previous but there is activity among operators
The clique of bull operators hang together and just
buy enough to keep prices from falling back any extent
All hope of attracting outsiders must have been aban
doned by these brokers' the probability is that with
an easy money market the combination may continue the
movement on their hook some time longer. The
position Of railroad companies such TO preclude
an hope of dividends. OF the many prominent trunk
lines Of railroad not than three will pay any
dividend during the present winter, and those who are
holding them for might well make up their
minds first last 60 without any income from their
capital so locked up for ut another twevemonth.
where dividends have already been passed they will not
soon be resumed and In companies where default has
yet occurred there will be payment at the next regu
lar dividend day. The disappointment thai such de-
ranged condition Of finances all the railroad companies
has already created find alienation and the public
prejudice will against these works Investments for
capital for long time 10 come. IL viii even be
found impossible get up outside speculative move
ment in even the deprecated. SO far a. the supply
Of money concerned there IL much In favor Of in.
aon fancy stocks but the present race OF spectators
have become heartily dsgusted by the losses already
incurred that they have not and cannot have for long
time heart the to touch such dangerous secu
future delivery AT the second board the market
without animation and closed dull Pacific steamship
Company declined u per cent; Erie, u; Hudson River
Railroad, \; Cleveland and Toledo, y; Chicago and
Rock Island - There was no movement Of consequence
in New York Central The stock plenty enough 10.
day. II opened this morning az rs per cent, and was
freely offered all tho way down TO I94 (which closed
There was change prices this afternoon The bulls
have made great efforts to keep up prices for this stock
particularly but Il looks though their success wa far
from Hattering With hundred and my one thousand
shares aaoai there very little probability Of scarcity
among spectators. M the company's own valuation
Of the road tho actual value Of the stock Is about sixty
per cent new road could be built for about half
of what IL Is admitted the old cost The turned out d.
rectors OF this company naussve 10 suit the
management They asked too many questions and were
disposed 10 pry into what the President and Supcrin
tcndent considered none Of their business. II was
the opinion Of the Board of Management tina, the safest
plan for such parties tho outside and is our
opinion that less Than two years the New York Central
Railroad ananciers will stand upon the same platform
with those u the Michigan Southern The same elements
arc at work. process is going on. the same re-
sul,s viii be realized and all the individuals engaged will
occupy in the public mind the same position
The exchanges the Bank Clearing House this morning
were si2.o4sl4s -, and the balances paid wcro
ssec 2e3 40 The balances ct the Clearing House today
were paid In specie This literally resumption Of spc
Gle payments II is well that II has been 80 quietly
brought about.
The Metropolitan BANK takes notes Of the Husucnot
pans Of New patz on deposit the terms the
other state currency.
Tho steamship Kangaroo from this port for Liverpool TO-
day carried out s1ee $50 specie The Fulton on saturday
win take on, about $500 600 specie Sterling exchange
tends upward Some drawers have advanced their rates
The earnings Of The Chicago and Rock Island Railroad
for the month of November si22 900 against $780,
GOO in November 1850 The receipts thus FAR Cor Decem
Der give indication that the comparison for the current
monsh will be more favorable.
The revenue Of the Baltimore and Ohio Railroad for
November was as follows