The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-03-23
FINANCIAL AND COMMERCIAL.


ing this morning. With considerable reduction In
extent Of transact.ors there in soma Of the fan
cies decline In prices At the first board Virginia
6's fell of per cent; Missouri 6s, 1; Erie bonds,
1875, 4; Illinois Central bonds, 1; New York Gen.
trail rs !; Pennsylvania Goals 1; Cumberland Coal
4; New York Central Railroad, l; Cleveland and
Toledo Railroad, 4; Harlem, d; Reading Railroad,
/; Hudson River Railroad, IL. Gslena and Chicago
Railroad advanced per cent; New York Central
bonds, |. The market il more unsettled than Il
would otherwise be, on account Of the anxiety Of
the public mind relative to the complexion Of our
rext sdvices from Europe. Il does not matter. so
much what the character Of the expected news is
The suspense is working more injury than the re-
slity. So far as most important local interests
are concerned, 1t Ia not Of 80 much consequence
whether the reported death Of the Gar is true or
rot. We want the fact, whstever It Ia; and those
Who sell stocks for fall upon the supposition
that Nicholas Ia living, win mako mistake, for his
death would be moe likely to put prices down than
up on this side Of the Atlantic. The advance In
stocks has not been entirely upon the fact Of
his death. Previous to the arrival Of Aduces
to that effect, the stock market had been
quite buoyant for some time, and the causes
producing that expansion were entirely local.
The upward movement commenced in the
midst Of the gloomiest war period Of the
season. and 1t Ia impression that the receipt Of
intelligence that the Gear In alive and vigorously
prosecuting the war, win be more likely TO put
prices for stocks up than down. The war has now
NO terrors for rs, under it, moss adverse circuu-
stances but the contrary Il cal;ulated TO be Of
advantage In good many WAYS It served to con-
tract and restrict commercial transactions andthat
wasjust what wanted to recover strength and tore
In our financial systems. II acts now a. . whole
some check upon mercantile operations, and pre-.
vents the existing easy money market from leading
to more over-importation and more ertrading
But for the fears and approximations entertained
relative to the European war, thore would have
been, before this, all sorts Of enterprises and pro
jects presented for the employment Of capital, and
we should have been again In the same line Of ex-
ksvagAnce that led to 80 much disaster six months
since. The war has been our safeguard. II Is the
fear Of something they know not Of, which has
kept the community in check, and saved US from
relapse. In this view Of the question, any event
likely to restore peace TO Europe and lot loose upon
us again oil the elements ofspeculaion, cannot be
looked upon In favorable light, and the death Of
the Car would therefore, under these circum
After the adjournment of the board TO day, the
following sales were made at auction by A. H.
Nico.ay =
BY order Of the Fort Wayne and Southern Railroad Co.
sis 900 Of their real estate mortgage seven per
bonds due in 1859, interest payable In New York
LIST June and LIST September ~ tbs Ohio Life Insurance
and Trust Co. 81 goo sach .............b0 90 int
Also for account Of whom 1t might concern 900 Ohio
and Mississippi Railroad second mortgage bonds
g. Ia cio;:. and M..uiis R.irosd as.sd January
LIST, 1854, interest payable LIST January and LIST
$50 Georgia state seven per cent bonds due 1884
s. 0o0 Chicago and Aurora Railroad second mortgage
per cent bonds due in 1882 interest LIST April
and LIST October, 81, 600. III int.
e5 600 Shelby county (renn) bonds due In 1884, in
ferest LIST April and LIST Oct, 81 .6Sk int
SO Hudson River Railroad third mortgage per
cent convertible bonds due in 1876 Interest payable
LIST May and 1stSsvember, 81. o........77K int.
100 shares seoond Avenue Railroad. b5
1877 Catsvassa, Villa msport Erie Railroad. 20
20 Third Avenue Raj road. 29L
10 Continental FIRE Insurance Co... .l02z
100 Whites Bank, OF Buffalo, (hypothcated loo l02k
10 Bank Of Commonwealth FIX
$50 Farmsrs' and Ctzens' Rank OF Williamsburg. $50
rs Continental Insurance Co ...................100
10 Greenwich Fire Ins. Co.....................13
10 North River Fire ms Co....................131
20 Arctic Fire ms. Co s2x
30 Mercantile Fire ms. Co. 30
4Pacinc Mail Steamship Observation-Disclosures. 80
20 Grocers' Steam Sugar Refining Co.. ........ 55
300 Potomac Copper Co... SOC.
226 Isabelh Copper Co.. 3oe
xha sAncnA hc~v - h ~ s~Lat n .haAA or