The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-09-09
FINANCIAL AND COMMERCIAL.
mOnHY nARKR1.

FsDAy, sept 8-6P.M.
Tho stock marriott had decidedly "a upward tendency
<hs morning. So far extent Of tranaed,as
Ss>ed there has bsen material aerstioo bat prices
uAsw ~ improvement Of some impo 'tanoe The whole
nAxkst haS moved together Although the greatest Of
fsrs have ben naAs to put mp Ere ami strong
cembnAtoa has been made for that purpose, several
othsr fancim were inflated and more baoyant Hi
nsis Central bends sold freely 1t advance Of per
cent Erie Bonds 1871, went u, per cent; Hudson
River Coavertisle, l. Canton Company, 1; Nicaragua
YrAnsik, VI; Cumssrland Coal, "; Erie Railroad, II;
Harasa, Y; Reading Railroad, "; Hudson River Rail
road, 2; Michigan Central Railroad, l. New York Cen
tral Railroad fell on per cent towards Of one hun
red thousnd dollars Of Illinois Central Bonds sold
principally fos cash. The leading faocy railroad st ,cks
were By NJ means active Ut the improvement in prices
and We notice In the list Of sales good many buyers
option we could trace this sudden imitation In
ikst value to any good substantial cause, It
would NOT be d1aeult TO anticipate the probable
d prices, but at present has appeared
Buyers ct current rates hope to and others to
take stocks on their hands at st higher prices, but the
sk appears too great to be taken by any others than
regular spsousors We do not aude to any particular
STOCK but speak Of the market generally. There is NO
doubt but that great changes have been made in the
aten of Some Of the most prominent Of the fancies
That they have Been pretty thoroughly distributed and
have fallen ct comparatively low prices into better and
stronger hands, undoubtedly true, but unless some
important and favorable changes take place in our fnan
cial sars generally do not see that the basis Is
really much improved that any advance in prices
b otherwise than temporary. Money continues In
aetive and in growing demand. The banks move very
cautiously, and endsavor to preserve If possible uni
form action The demand for specie for shipment must
increass importations continue large, and
ntahir of ~ In hat
recent sales Of dry goods auction show the
anxety Of importers and commission houses to reaze
and the proceeds are .. once RENTED back In the
shspe Of specie. Many Of the leading fancy
STOCKS, from the operation Of the causes just emu
meratsd, have been depressed to unusual or.
tent and to those having means, and not connected
with trade commerce, offer Ans opportunities for
investnsnt. There are Of course, exceptions, which
should BE- avoided It may BE- long time before per-
aasnt improvement Is realized but there stocks
ahe List which win pay wen to keep. while there arc
others which should be got rid Of in the shortest posi-
bio time Tho ordeal through which all stock securities
have passed during the past three months has done
OF them vast deal Of good and the stockholders WILL
Of these days, feel it; but for any immediate
advance market value, Of much consequence, do
not look for IT, system Of management very different
from that pursued in railroad corporations particularly
must be adopted before much progress can be made
Stewards making them productive. Important improve
Ients have lately been adopted, in some instances
but thsre are 10 many yet to be made that the
slightest reform is hardly yet visible So much depends
upon management, that railroad, or any other
work. possessing all the elements OF rroductveness in
had hands would become bankrupt while in good
hands 1t would pay well We have in our immediate
vicinity several instances Of good and ba manage emit
In railroad corporations, and the difference ID summed
APP in the simple fact Of dividends dividends The
stockholders in all companies should during the present
period Of depression look CLOSELY into the management
OF their affairs, and place them upon economical and
proper basis to derive Il greatest benefit from
abe smallest favorable change, and leave the result to
Time There very little doubt but that ultmsely most
of them viii realize the most sanguine antcipatOns, and
prove better Investments than generally believed.
The steamship star Of the West at this port from San
JUAN brings sixteen days later intelligence from Cafor
pa and upwards Of million Of dollars in gold The
commercial accounts do not vary mater ally from those
received BY the previous steamer
After the adjournment Of the board the following sales
OF stocks and bonds made at auction by Simeon
Draper
Sc 900 n T. aud Harlem RR LIST mortgage, Int add 81