The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-04-12
FINANCIAL AND COMMERC IAL,
NONE Y MARK Il T.

TUESDAY, April lis 7. NJ
There better feeling in the stock market day
and quotations for of the fancics took slight
upward At the first board Illinois Central Bonds ad-
vanced y per cent; New Jersey Zinc, Il; Nicaragua
Transit, u; Pennsylvania Coal a Cumberland Coal ii
Harlem, Il; Reading Railroad =. Panama Railroad de-
clned - per cent Northern Indiana Construction
Stock = Hartford and New Haven Railroad, ?; New
Haven Railroad q Michigan Central Railroad, u. At
the second board Hudson Railroad improved i per cent;
Erie Railroad, a Cumberland Coal fell of Z per cent
Michigan Central, u Reading Railroad, "a; New York
Central "a II locks though a reaction was near at
hand The decline has been sufficient to enable the bears
to take in their shorts at good margins, and there
must be favorable change for the want of
tcral TO operate upon for greater depression. Many
who bears at high prices win show the good
in becoming buyers for rise at this stage of the
market There is limit TO even decline in fancy
stocks and those who follow them down much longer
will find the tables turned upon them There is tide in
fancy stocks and those who know when it is at the food
and when it is at the ebb and operate accordingly,
not make mistake There few spectators in this
marLet-a very few-who seldom wrong in their cal
culations upon this point. They do with any
movement deep into the mrc, but hold up in time and
prepare for the return of the waters Spectators fancy
stocks frequently get much attached to certain sys
tenn Of operation that they bndly follow it, apparently
for bear to make up his mind to purchase stocks for
advance for bull TO sell short under any crcum
stances They both follow their ncnations, frequently
too far and therefore lose ultimately all they hitherto
made The true system is go with the tide. When 1t is
full food it must begin to ebb and when it is full
ebb il must begin 20 rise II is folly to attempt
carry out in Wall street consistent, undertaking
policy. and it should be abandoned. Quotations for
many fancy stocks in the list have fallen from five to
fifteen per cent and it is impression that they have
touched the lowest points At all events, they low
enough and money be made by purchasing most any
Of them.
After the adjournment OF the board the following
sales Of stocks and bonds we're made at auction by
Simeon Erapcr:-
$1,000 Wisconsin u per cents 1892 interest added. 9s
2,0Oo do do. do. do. 9S%
1000 Galena and Chicago Union Railroad 1862
80 shares Wells, Fargo II Co. Express Co. ..... 90
20 do. Rutgers Fire Insurance Co. .......... 76L
10 do. Third Avenue Railroad .............. 60
The Illinois Central Railroad Company have called for
the eighteenth instalmcnt of five per cent its con-
struction bonds, payable on the 10th of May.
Thesmarket for mining stocks is still dull Cumberland
closed this morning at 2S9i; New Jersey Zinc at TX
Parker Vein steady at the Stock Exchange but dc
cncd eighth at the Mining Board. Ulster is almost
the only stock there is any disposition operate in at
past prices Several large lots Of Lindsay changed hands
at n decline of 10 10 cents The following were the
bids at the Mining Board -