The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-11-30
FINANCIAL AND COMMERCIAL.


WEDNESDAY,, Nov. 2o--6 p. NJ
There was very active and a very buoyant stock
market this morning Erie, Central and Reading
the great cards today and very large amount Of bu
Stress transacted in each Better prices ruled at
the opening than at the close and the amount Of stoc
sold was greater than have noticed for several
cks past is curious fact that while the fancics
have advanced State securities declined At the first
boed Virginia 6's fell of per cent; Missouri e's r.
Ia ma Bonds, H. Illinois Central Bonds improved u
Per cent? Delaware and Hudson, x Nicaragua Transit,
Il Canton Company, IL Michigan Central Railroad, q;
Reading Railroad IL; New York Central Railroad, Az
Erie Railroad, Il; Hudson River Railroad, ". Railroad
bonds operated in to extent Mt better prices
The rise in New York Central Railroad stock has been
most rapid day or two since sold at 7s per cent
cash. and today made at s5 per cent-being
advance Of 9 per cent in about three days. Nearly
three thousand shares sold to-day the improve
mint Eric has also risen very fast On MONDAY there
sales at 81 per cent and to-day itsold at 3is an
advance OF three and half per cent since Monday
morning. The bulls ought TO be satisfied with such rise
such short space OF tc Reading Railroad opened and
closed firm ut the improvement and buyers plenty
We have idea that tits advance can be wholly main
tanned, or continue at the rates The transac
tons time form the bulk OF operations and the
viii without doubt strengthen themselves by putting
and longer contracts at better prices. A
moderate steader rise would have been likely TO
be permanent and the bulls could have realized profits
II progressed The sudden change in the complexion
Of the market since Monday warranted by crcum
stances. The brought by the steamship Baltic
was of character by means calculated to favor
easier time this side Of the Atlantic, and have
had nothing since OF different nature We are
iousy looking for another arrival with the impression
that much depends upon the effect OF later advces from
the Crimea upon the finances Of Great Britain whether
the present depression here continues not II Is time
that, far as the liquidation of indebtedness Is
cerned in foreign trade rapidly exricating
ourselves and it is possible that for time exporta
ton OF specie may be limited, but we must not lose
sight Of the fact that commercial relations still
continue too intimate with England Indifferent
the disastrous effect Of the upon her most important
intefests.
We may not require from the capitalists Of England or
Of the continent any money to carry works
Of internal improvement and II may be better for
that any such wants cannot, under existing circun-
Stances be gratfed but we look to England for the
consumption OF greatest and most valuable article Of
produce otton and whatever affects the value Of that
article affects most vital local interests We lool
to that for the means Of paying the bulk Of i'm
portations and any trihpg depreciation in value pc,
pound makes in the aggregate important reduction
in Every merchant il interested In tht
condition Of his customers and Is for his interest thai
they should continue rich and prosperous II they mr.,
then to pay up promptly or purchase largely. It