The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-04-05
FINANCIAL AND COMMERCIAL.


4. u.
The stock market i'll continues active, but not buoy
ant At the FIRST to-day there large transac
tons in all the leading nciss and prices uctuated con-
sderaby Operations tine COM ose the bulk Of the
sales illinois Central Bones declined er cent Della
ware and Hudson, |; Erie Railroad, y; Harlem, u; Now
Haven Railroad, "a Panama Railroad, Third Avenue
Railroad l. Morris Canal advanced 4 per cent; Flor
ence and Keyport, y; Nicaragua Transit y; Reading
Railroad a We hardly know what to make Of the stock
market 1t is at present an enigma, and way
OF unraveling it, With activity in operations which
under ordinary circumstances would given quite an
impetus 10 prices, but slight variations in the
market value and very little excitement the Stock Ex
change The brokers find Iossble to attract the at
tenon of outside spectators. Whether they wait
ing for lower prices whether their
limited to enable them TO carry stocks not, is ques
ton of no Importance 1t is sufficient to know that
there is demand for the fancies outside Of
Wall street and long such state Of things exists
there be no improvement in prices The spectators
who have heretofore entered the market at low points,
and by their purchases have given activity to prices
unfortunately full Of stocks, and not, therefore, in
condition to take more This acts unfavorably, and
possibility Of giving things start but by bring
ing in buyers. The condition of financial affairs is
not calculated to help the stock market Capitalists look
upon the arrangement in the political matters of Europe
duty recommend inactivity and caution. Contraction
and accumulation should be the order of the day and
those who able to withdraw themselves from active
operations once should do and wait the course Of
events The banks are by means in a sound condi-
ton and we know not how serious disturbances in
our financial and commercial systems may come. A
general war in Europe will be ordinary matter and
is not impossible but that may lead to the most disas
trous consequences. 1t must be borne in mind that
the banks of this city and State will again under any
circumstances be enenty dealt with in 1887 when
they suspended specie payments The constitution
of this State places restrictions upon these institutions
which would prove exceedingly onerous in the event Of
another suspension As remote this contingency may
appear it would be well enough for those interested to
look to their individual responsibility in the matter and
govern themselves accordingly There unusually
large sales of second and third rate bank stocks
first board to-day We have noticed daily transactions
in these investments and should not be surprised to
see them operated in before many months other FAM
cies the list. few years since sale Of bank stock
at the Board of Brokers and
generally important existed for such sales
We have doubt reasons equally important are
the Of the present sales at the board but the
principal doubles is desire to get rid of the dan
gers and responsibilities connected with such investments
There not much movement in mining stocks to-
day. Parker Vein closed shade lower than yesterday
Cumberland had slight improving tendency 1t is said
that the company have engaged FIVE hundred Germans
TO work at their mines. North Carolina sunk to 81;
small lot of Gold Hill sold at the second board, at 3A
but nothing fifty hundred shares could be
purchased for less than A. MCuloch sells at7h time
Gardiner Gold improved yesterday afternoon eighth
in consequence probably, of the arrival Of shipment
of from the mines. sold to-day, however, at "a
Further shipments of ore understand, already
the way Lehigh Zinc has an improving tendency. The