The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-05-04
FINANCIAL AND COMMERCIAL.
MON Ely MARK e II /.

Quotations for nearly every stock the list show
decline to-day. There general stampede among the
fancies and any amount Of stock offered The bears
do not appear to be frightened at any decline but
tnue TO put out contracts in the face of any fall in
prices Neither the shorts in hurry about buying
in. At the first board to-day Illinois Central bonds de-
clined 4 per cent; New York Central bonds, u; New
Jersey Znc al Nicaragua, 81 Crystal Palace 3; Penn
sylvania Coal Cumberland Coal al Parker vein -
New York Central Railroad y Harlem, al Hudson Rail
road, Il Erie Railroad, y; Reading Railroad, a. Rail
read bonds, bank stocks and government securities
much neglected, and hardly enter into the specu
la.ive movements OF the street In fact there
Is no speculation abroad in anything. Wall
street full Of bears and they have only to prey upon
each other The margin for decline is daily becoming
less and hs continues much longer at this rate there
will be nothing left for the bears to do but turn bulls
There great many stocks the list which would
be good purchases present prices but the belief that
lower points will be touched dctcrs many from buying
who have the means carry Some of the regular inter-
paying dividend paying stocks give large rate at
the current market value and but for the absence OF
dence and the tmdity of capitalists heavy purchases
would be made for investment There is feeling Of
doubt and dstrust in the public mind, which doubt
amounts panic. The fact that exists in Europe
is enough to induce large class of capitalists to with
draw entirely from all operations to place their surplus
is these fears which tightening the money
ket and the stringency is likely TO become still
greater. Stocks to a large amount have been thrown
upon the Market merely for the purpose of realizing
and the proceeds have been put into safe place.
where they will remain for time inactive. We no
indications favorable to the interest Of holders. No
thing short Of suspension OF hostilities In Europe,
renewal Of negotiations with probability Of AMIGA
BILE adjustment Of the difficulties, would be of much
service to SPECTATORS for rse and the prospects
therefore gloomy enough The bears have decidedly the
advantage. The position Of public affairs is favorable
for those who have sold fancy stocks short The only
drawback to the operations Of the bears is the want of
material to work upon There very few actual pur
chasers In the market and it Is quite difficult TO put out
contracts in the right way Any further depreciation of
importance would make the shorts cautious and
doubtless increase the class Of buyers This would give
greater activity to operators and give the market bet
ter tone.
At the second board there was not much doing but
prices a shade better Erie Railroad advanced y
per cent; Nicaragua, e; Hudson Railroad x; Illinois
Ponds fell Oft u per cent.
The instalment due on the loan TO the Erie Railroad
Company has been paid promptly and in full. The
ports circulated to the contrary got up for the pur
pose Of depressing the stock.
The steamship Asia, from this port for Liverpool to.
day, carried out 1862 773 GO in specie principally in
ingots.
The Eagle Fire Insurance Company has declared semi
annual dividend Of per cent The winsted Comm
Bank, dividend OF four per cent. The Philadelphia
Bank FIVE cent regular dividend with two per cent
extra dividend Bank Of Northern Liberties six per
cent; Girard Bank three per cent; Mechanics six per
cent; Tradesmen's four per cent Commercial five per
cent Southwark, five per cent Bank Of Commerce five
per cent Kensington three per cent? Western Eve per
cent; Manufacturers Mechanics four cent Farmers
&Mcehanics, i've per cent; Penn Township Ave per
cent This includes all the banks In Philadelphia except
the North America and Pennsylvania, which declare
their dividends in January and July.
A. H. Nicolay's usual semiweekly sale of stocks and
bonds will take place to Thursday at half past
IL O'Clock, at the Merchants Exchange.
The amount Of duties paid foreign merchandise en-
tered at the port OF Boston during the month Of April
was seso,oos 81. In March 1t was s753,977 81
The warrants entered the books of the Trea,urv
Department, Washington, on Monday, the LIST instant
wcrc.-
For the redemption Of stock ........... s24 334 "a
For paving other Treasury debts ......,.. s46a III
Covered into the Treasury from Customs 24s 527 ei
Covered into the Treasury from lands... 1423el OF
Covering into the Treasury from miscellaneous
soufces. .s..'s..s....... Z,oh3 20
For The Interior Department .............. 800 90
win be recolected that act Of Congress of Febru.
ay 1853 directed the coinage Of three dollar gold pieces
at the mint and branches Specimens Of this coinage
having been submitted to and approved By the Secretary