The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-03-17
FINANCIAL AND COMMERCIAL.


TauR spAy March TO- 1854.
The tendency OF quotations for fancy stocks i Sun
DOWN. I'd, but the bulls freely make purchases on 'ne
buyers option in the face Of this steady decline Inc
Of the present depression in prices we nave repeat
edy enumerated and as they are still in operation we
must wait while longer for return 10 oetter uhes
There is small bright spot in the political horizon oil the
Old World but we do not at present believe 1t viii en-
and It's favorable influence the dark and
uloomy spsce around In foreign accounts ii viii be
seen that aaoat that the SCAR had sgnifed
through Austria other modification of neyotia-
tons" There may be in this than appears at a
glance Austria is undoubtedly playing double game
in the political affairs Of the Continent and cannot be
depended upon by either party interested That gov
eminent win not take strong, decided position on
either side and win doubtless wait the course of events
10 which side will be the for the
of its internal and external affairs eruption This
weak vacating miserable policy win ultimately lead
the government into difficulties greater, perhaps than if
it openly joined either party The most extraordinary
the great political chess board would not
prise II the next steamer should bring the intelli
gesce that negotiations had been proposed through the
government of Austria we should not be much aston
ished We must be prepared for the most absurd ncon
sstences the part of the OF Russia and
Austria The by the Arabia is not of an uniavora
BILE character If Austria and Prussia are sincere in
their adherence to the Allied Powers it places Russia in
very dangerous position and guarantees more speedy
settlement of the question By force of arms. conhr
nation OF these accounts is decidedly desirable which
creates greater anxiety for later intelligence. The ad
vance in United States SKIES quoted in London the Sd
inst and decline in American railroad securities
what might have been expected in the face of facts
which recently transpired. The general
exhibit feature.
AT the first board of the Stock Exchange oday, New
Haven Railroad declined u per cent; Hudson Railroad 81
mortgage bonds ~ Illinois Central bonds, l. do privi
lege, NJ Nicaragua Transit, "a Cumberland Coal, X
Parker yein 4 N. Y. Central Railroad u Reading Rail
road Erie Income bonds advanced u per cent; Crys
tai Palace 5A per centonly thirty five shares sold
Ut this advance, and il question if much would
have found buyers any thing like the quotations Hold
ers feel confident that the management will bring
TO realize. We understand that the extravaganza and
smanagcmen of the old board of directors exceed any
thing dreamed of in the philosophy Of Wall street
bear. Money has been thrown away like much water
and the greatest weakness and ignorance exhibited
throughout in the administration Of every department 1t
is the opinion of those who hare been engaged in the
recent Investigations and examinations that with ord
nary economy and judgment the could have
been made to pay handsome dividend the first years
which have long been suffered exist but something
win be done to place tho finances and the managementn
proper shape.
After the adjournment of the board the following sales
OF stocks at auction made by A. II. Nicoay =