The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-11-23
FINANCIAL AND COMMERCIAL.
MON EY N A q X 10 r.

The aspect Of the commercial news by the Canada II
anquer,ionably favorable. We have yet advces Of
the Of specie but from the fast that Con'os had
advanced from half to per cent aud tina, money ia
London was easic we infer thai the drain Of specie
had been somewhat checked The effect upon stock
MAJ ke Of favorable Prices Of nearly every
thing sold at the afternoon board chow advance Tho
market for day two past including this mornings
beard has been inactive in consequence of the doubts
entertained m TO the tenor Of this steamers advces
Now that they received and confirm, in at
least the hopes Of bull operators shall expect
decidedly buoyant market. We have no dispopi-
ton TO crcak, but must remind operators that
the breakers arc by means passed yet.
The still continues and the drain ~ specie probably
st continues TO some extent Our bank. stli
parative'y weak Money, though easy call flvori,e
borrowers Grst class securities Il stl tight IA
rercia cfcles generally. We have had since the arrival
II the Baltic, nothing but succession 81 good from
very quarter. 1t ~ well to remember that " II "a long
Gao that never turnsp and that the next item be
the other side Of tho page II parties would but in
vest the money In subs'ana stocks in round dividend
psyg stoeks-6tockh which pay today and do not
heir claims to merit upon future coatngencics--xe
hould BE- satisfied We ncn I'd to the opini that
under the present aspect OF affairs at home and abroad
il is not bad time to purchase provided the best class
II stocks In selected.
Eie, IL; Reading Cleveland and Toledo, 1 Mich
gan, Ii. Hudson River and Harlem did not appear 10
improve. Operators begin to consider tho vital spark Of
hete concerns pretty nearly cxtiogui,hei If they
not dead past praying for then there Il truth IA
0gures The last Glars Of bond holders may wbH begin
70 be looking around for superintendent aud clerks Very
good stocks and very bad stocks alike
unaffected by the sght changes in the European money
msrset. Gaiena and Chicago and Panama show steady
ADVANCE irrespective Of winds favorable unfAvorabe
which shake weaker These two stocks though
apparently among the highest the list un lues-
onaby Judging by their net earn, ga the very cheap
eat The former stock l. extremely Til. Il not
70 be wondered a, when Is considered hat la tort,
thousand shares distributed among over one thou
add holders and that the small au,oual the street &
going out daily In quantities Of Ave ten and twanty
hares for Investments II Il with sincere pleasure that
se congratulate outSiders--ihe widow ani the
ghan-aa we'd the Individual u moderate means anx
10 the largest pessibe revenue from
their little capital, upon tho possession Of this
stock. They have only 10 Keep u. and they have
a nine Of gold certain and productive than
any yet discovered in the shape Of n stock nyes .men
there will come a time and that not very distant when
shall recur with degree Of pride and trust.
abstraction, 10 the advice which daily giving
readers in regard 10 stock investments Pride the
advice proves 10 have been gooi aiisf,con n II IA.
been generally followed by friends Al present. W
may BE- announced as "Hcrsians "eorsafs" and Wal
streets rasoas but time bring all things round right.
Two or three years hence w0s hold up our hr u
stocks on the ride, aud the other the stocks
avoided aud bow they stand Wa will then wbsr.
staEd such stocks Gslena, Panama Rock Island,
Michigan Southern Psnnsylvanis Central Bshsio and
state Line, Erie and Cleveland Hartford and New Haven
md Reading, and the other siss New York Central
tie, Hudson River, Hlrlem Long 14land Cumberland,
Nicaragua and other q ike innat and decep
live character. We have placed opinion di-unely
ard unequisocaly record, aud perfectly willing 10
abide the result.
the dscson recently made in the relating to ia.
iue o. preferred stock BY Kyle the former Score
tsry stated few days ago, but the contrary
W. learn from coed authority, that with exception
for rmar amount not ~ present in condition :, b.
settled all the claims agains, the company crossing out
upon tho public, have been satisfactorily arranged with
the parties concerned The Scady acknowledgment by
tho directors Of the yaiy Of the old over Issued
and their desire TO satisfy the pae- holding tina shares
Of preferred stock, at tho earliest practicable moment
Consistent with their duty % the stociha .ers melt
conmendation, and afford a marked contrast 10 ihs
pursued by other companies under similar cir
stances
Alter the adjournment u the board tho fownx sales
II bonds and stocks made auction By Albert ~
NicoAy;--