The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-05-07
FINANCIAL AND COMMERCIAL.


SUNDAY, May U % r. N
The stock market closed yesterday very heavy. A.
The rst board there quite srxs sales asd buyers
plenty but at the ssconi board the sellers freely
offered prices without I'm iiog purchasers
TO any extent For some time past majority OF the
Board OF Brokers have been bearing stosks but have
been unable to deprsss prices much Outsiders have
been, and stn continue, large holders The abundance
of money has enabled them to carry ami the Improve
ment going in railroad sto,ks ,aent invest
ments has detsrminei thsm hold for higher or css
The brokers have therefore bean unable to get prices
down much, under the adverse stan ,es No
stock has been pressing upon the market; AMI
being compelled to SELL the brokers hal very little
business and 1t has besn dul times at the board For
The purpose OF making show OF business, time opera
lions between different brokers have been carried
but very little stock actually changed hands, ami
outsiders are larger buyers than sellers, even .
advanced prices. In the event o. the money
market becoming tight again anything occurring Ia
the internal affairs Of the different ompaoies calculated
10 destroy public confidence the brokers stand Ia
position to benefit by y; but very little probability
pf their making much moasy this year. BY misfor-
fumes Of that kind The changes which hsve been mad
in the management Of railroad compaIies are Of
character that insures steady, gradual increase Ia
productivsness The experience Of the pat cost too
much to be easily forgotten and II viii, trust, be
long time before ra lroad managers fall again
into such These sto,ks being held largely BY
putAiders the market will not be burdened with them,
sven under moderate strngency ia money matters
Dutsiders not engaged in any great speculative
movement and those engaged in legitimate lines Of bust
ness very much contracted in their operations.
They out of debt and do ng very limited business
Contraction has been going long that capital has
accunuated the hands Of the commercial classes,
and they have converted itnto the santa pro-
ductve stocks Of the day. Nothing therefore, but das
in the business of these incorporated companies
Or demand for capital for business pur
poses, can disturb these investments, and
see other way than for the brokers to look on
ard make the best Of it. II they cannot get panic,
their occupation will be very much restricted The
vvAl of business requiring active movement Of cap
its would compel many holders Of stocks to realize but
We Indications of such happy event. The war
Europe and the unsettled state Of mercantile affairs In
England and ON the Continent viii prevent any impor
tant revival Of trade and therefore look for steady
increae in the supply of money and its investment in
stock securities both sides Of the Atlantic for the
want Of any other to make OF it, There other
outlet for t-no other way in which it at present be
invested to anything.
We watching with the greatest interest and ankle
~ the progress OF the Thus far the weather has
been every thing that could be desired Agriculture a.
this moment thirty days in advance Of what 1t at
the Same time last year, and the breadth Of land
cultivated throughout the country is at least
twenty per cent greater. All the spring crops
have been sowed and planted in admirable order,
and tbs prospect fattering. The
high prices which have ruled for agricultural pro-
ducts and the deficiency Of last year. have given great
stimulus to production and with average yield per
acre. the aggregate product must exceed anything Of the
Kind known in this country From present appear
every bushe Of grain and every pound Of beef
and pork spare win 30 wanted the other side
of the Atlantic before the close of another year. We
shall find markets for products at highly
ative prices in Great Britain and France, to extent
greater than that lied during the famine year. the
continues and is conared only to the Crimea but
it extends there is every to believe it will
shall become the granary Of Europe and have to feed the
immense compromising population Of those nations
gagged IN the conflict. All require to give such
commanding position is fun crop. With that we shall
be rich and powerful; without it, shall be compelled
to drag along another year Of inactivity and contrac
1ion With #, control the movements Of specie
throughout the world without It, shall and 1t diff.
cult to keep what We have Our worldly salvation do
ponds upon the harvests, which not far of.
The extension Of railroads throughout the West
which have opened sections of country producing mil
lions Of bushels Of grain heretofore unable to reach
market the great increase Of labor in the agriculture
regions from the inactivity of all other branches indus
try the favorable autumn for sowing wheat and the ia
vorabe spring for sowing and planting spring crops the
high prices ruling for breadstus, and the abundance
of money offering for the extension Of agricultural
terprise, all have influence, which we hope to
realized in the barvestog Of such crops have
before been known, even in this great country.
The expectation of specie this port last week
about equal to that Of the week previous-
SHHmKyTs OF SPECIE FROM THE PORT OF New YORK.